Company Registration No. 14320904 (England and Wales)
7 Hatton Street Limited
Unaudited accounts
for the period from 1 October 2024 to 31 December 2024
7 Hatton Street Limited
Unaudited accounts
Contents
7 Hatton Street Limited
Company Information
for the period from 1 October 2024 to 31 December 2024
Directors
Gabriel Chipperfield
Saul Sutton
Company Number
14320904 (England and Wales)
Registered Office
7 Hatton Street
London
NW8 8PL
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
7 Hatton Street Limited
Statement of financial position
as at 31 December 2024
Tangible assets
55,732
60,365
Investment property
3,500,000
3,500,000
Cash at bank and in hand
26,365
10,270
Creditors: amounts falling due within one year
(34,238)
(21,906)
Net current assets
6,480
3,914
Total assets less current liabilities
3,562,212
3,564,279
Creditors: amounts falling due after more than one year
(2,200,000)
(2,200,000)
Provisions for liabilities
Deferred tax
(344,755)
(335,807)
Net assets
1,017,457
1,028,472
Called up share capital
100
100
Fair value reserve
1,130,987
1,130,987
Profit and loss account
(113,630)
(102,615)
Shareholders' funds
1,017,457
1,028,472
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by
Saul Sutton
Director
Company Registration No. 14320904
7 Hatton Street Limited
Notes to the Accounts
for the period from 1 October 2024 to 31 December 2024
7 Hatton Street Limited is a private company, limited by shares, registered in England and Wales, registration number 14320904. The registered office is 7 Hatton Street, London, NW8 8PL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of rent received or receivable, and is shown net of VAT and other sales related taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
7 Hatton Street Limited
Notes to the Accounts
for the period from 1 October 2024 to 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2024
86,148
5,136
91,284
At 31 December 2024
86,256
5,136
91,392
At 1 October 2024
28,725
2,194
30,919
Charge for the period
4,313
428
4,741
At 31 December 2024
33,038
2,622
35,660
At 31 December 2024
53,218
2,514
55,732
At 30 September 2024
57,423
2,942
60,365
5
Investment property
31/12/2024
Fair value at 1 October 2024
3,500,000
At 31 December 2024
3,500,000
6
Debtors
31/12/2024
30/09/2024
Amounts falling due within one year
Trade debtors
8,890
15,550
Accrued income and prepayments
5,463
-
7
Creditors: amounts falling due within one year
31/12/2024
30/09/2024
Amounts owed to group undertakings and other participating interests
3,267
3,267
Loans from directors
11
12
8
Creditors: amounts falling due after more than one year
31/12/2024
30/09/2024
Bank loans
2,000,000
2,000,000
Other creditors
200,000
200,000
7 Hatton Street Limited
Notes to the Accounts
for the period from 1 October 2024 to 31 December 2024
9
Average number of employees
During the period the average number of employees was 2 (30/09/2024: 2).