HIFM HOLDINGS LIMITED

Company Registration Number:
09264891 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

HIFM HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

HIFM HOLDINGS LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The principal activity of the Company is that of a holding company and investments in subsidiary undertakings are listed in note 3 to the financial statements.

Political and charitable donations

The company did not make any disclosable political or charitable donations or incur any disclosable political expenditure during the year or the preceding year.

Additional information

Financial instruments The company does not invest in financial instruments. Dividends No dividends were paid or proposed in either the current or preceding financial period. Going Concern The Board has assessed the Company’s going concern and confirms that the Directors are satisfied that the Company will continue to perform the function of a holding company and in this regard, it has adequate resources to continue in business for at least 12 months from the date of approval of these financial statements. The company’s subsidiary made a profit after tax of £153,000 in 2024.The subsidiary did not pay or declare a dividend and therefore the company had no income in 2024 (2023 – nil) but this does not adversely affect the company’s financial position as it has no recurring costs. As a result, the Directors are satisfied that the company has adequate resources to continue in business for a period of at least 12 months from the signing of these accounts. For this reason, the accounts are prepared on a going concern basis. Auditors The auditor, Grant Thornton UK LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Jeffrey Max Boss
José Ivars-Lopez


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 April 2025

And signed on behalf of the board by:
Name: Jeffrey Max Boss
Status: Director

HIFM HOLDINGS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

HIFM HOLDINGS LIMITED

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Investments: 3 351,851 351,851
Total fixed assets: 351,851 351,851
Current assets
Debtors: 4 4,332 4,332
Total current assets: 4,332 4,332
Net current assets (liabilities): 4,332 4,332
Total assets less current liabilities: 356,183 356,183
Total net assets (liabilities): 356,183 356,183
Capital and reserves
Called up share capital: 2 2
Other reserves: 356,181 356,181
Total Shareholders' funds: 356,183 356,183

The notes form part of these financial statements

HIFM HOLDINGS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 25 April 2025
and signed on behalf of the board by:

Name: Jeffrey Max Boss
Status: Director

The notes form part of these financial statements

HIFM HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Basis of preparation The Financial Statements have been prepared in compliance with Financial Reporting Standard (FRS) 102, being the Financial Reporting Standard applicable in the UK. The company is a qualifying entity under FRS102 and has taken advantage of the exemption available in respect of the presentation of a cash flow statement. The company has taken advantage of the exemption to prepare group accounts contained in section 401 of the Companies Act 2006. The financial statements are prepared under the historical cost convention and in accordance with applicable accounting standards. They are presented in pounds sterling. Going concern The Board has assessed the Company’s going concern and confirms that the Directors are satisfied that the Company will continue to perform the function of a holding company and in this regard it has adequate resources to continue in business for at least 12 months from the date of approval of these financial statements. The company’s subsidiary made a profit after tax of £153,000 in 2024.The subsidiary did not pay or declare a dividend and therefore the company had no income in 2024 (2023 – nil) but this does not adversely affect the company’s financial position as it has no recurring costs. As a result, the Directors are satisfied that the company has adequate resources to continue in business for a period of at least 12 months from the signing of these accounts. For this reason, the accounts are prepared on a going concern basis. Taxation The charge for taxation is based on the profit for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date. Investments Investments in subsidiary undertakings, associates and joint ventures are stated at cost less impairment. Cost of investments in subsidiaries acquired by issue of shares qualifying for merger relief are measured by reference to the nominal value of the shares issued. Any share premium is not recognised. Impairment The carrying amounts of the Company’s investment in subsidiaries, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. An impairment loss is recognised if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses are recognised in profit or loss. Dividends from investments Dividends are included in the financial statements in the period in which the dividend is received.

HIFM HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

HIFM HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Fixed assets investments note

Investments in subsidiary undertakings, associates and joint ventures are stated at cost less impairment. Cost of investments in subsidiaries acquired by issue of shares qualifying for merger relief are measured by reference to the nominal value of the shares issued. Any share premium is not recognised.

HIFM HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
£ £
Other debtors 4,332 4,332
Total 4,332 4,332