IRIS Accounts Production v25.1.0.734 10279366 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102793662023-07-31102793662024-07-31102793662023-08-012024-07-31102793662022-07-31102793662022-08-012023-07-31102793662023-07-3110279366ns15:EnglandWales2023-08-012024-07-3110279366ns14:PoundSterling2023-08-012024-07-3110279366ns10:Director12023-08-012024-07-3110279366ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3110279366ns10:SmallEntities2023-08-012024-07-3110279366ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3110279366ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3110279366ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3110279366ns10:FullAccounts2023-08-012024-07-3110279366ns10:Director22023-08-012024-07-3110279366ns10:Director32023-08-012024-07-3110279366ns10:CompanySecretary12023-08-012024-07-3110279366ns10:RegisteredOffice2023-08-012024-07-3110279366ns5:CurrentFinancialInstruments2024-07-3110279366ns5:CurrentFinancialInstruments2023-07-3110279366ns5:ShareCapital2024-07-3110279366ns5:ShareCapital2023-07-3110279366ns5:RetainedEarningsAccumulatedLosses2024-07-3110279366ns5:RetainedEarningsAccumulatedLosses2023-07-3110279366ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-07-3110279366ns5:UnlistedNon-exchangeTraded2024-07-3110279366ns5:UnlistedNon-exchangeTraded2023-07-3110279366ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3110279366ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: 10279366 (England and Wales)















Hippo Holdings Limited

Unaudited Financial Statements For The Year Ended 31 July 2024






Hippo Holdings Limited (Registered number: 10279366)






Contents of the Financial Statements
For The Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hippo Holdings Limited

Company Information
For The Year Ended 31 July 2024







DIRECTORS: Mr S D Heaps
Miss R J Heaps
Mr J R Heaps





SECRETARY: Miss R J Heaps





REGISTERED OFFICE: Hillside
Church End
Buntingford
Buntingford
Hertfordshire
SG9 0SG





REGISTERED NUMBER: 10279366 (England and Wales)





ACCOUNTANTS: Streets ISA Ltd
Building 15
Gateway 1000
Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP

Hippo Holdings Limited (Registered number: 10279366)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 7,500 7,500
Investment property 5 950,000 950,000
957,500 957,500

CURRENT ASSETS
Debtors 6 478,030 470,899
Cash at bank 1,710 3,629
479,740 474,528
CREDITORS
Amounts falling due within one year 7 (1,732 ) (4,569 )
NET CURRENT ASSETS 478,008 469,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,435,508

1,427,459

CAPITAL AND RESERVES
Called up share capital 7,500 7,500
Retained earnings 1,428,008 1,419,959
1,435,508 1,427,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Hippo Holdings Limited (Registered number: 10279366)

Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





Miss R J Heaps - Director


Hippo Holdings Limited (Registered number: 10279366)

Notes to the Financial Statements
For The Year Ended 31 July 2024

1. STATUTORY INFORMATION

Hippo Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of the financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayment or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised costs using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangement of a short-term instrument constitute a financing transaction, like the payment of a trade debtor deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured., initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Hippo Holdings Limited (Registered number: 10279366)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 August 2023
and 31 July 2024 7,500
NET BOOK VALUE
At 31 July 2024 7,500
At 31 July 2023 7,500

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 950,000
NET BOOK VALUE
At 31 July 2024 950,000
At 31 July 2023 950,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 950,000

If investment property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,020,000 1,020,000

Investment property was valued on an open market basis basis on 31 July 2020 by a director, J Heaps .

Hippo Holdings Limited (Registered number: 10279366)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 477,499 470,881
Other debtors 492 -
VAT 39 18
478,030 470,899

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 232 50
Net wages - 2,918
Accrued expenses 1,500 1,601
1,732 4,569