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Registered number: 15402632














HAMMER HOUSE INVESTMENT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 DECEMBER 2024

 
HAMMER HOUSE INVESTMENT LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
HAMMER HOUSE INVESTMENT LIMITED
REGISTERED NUMBER:15402632

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
20,040,281

Current assets
  

Debtors: amounts falling due within one year
 5 
610,938

Bank and cash balances
  
775,800

  
1,386,738

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(20,801,581)

Net current (liabilities)/assets
  
 
 
(19,414,843)

Total assets less current liabilities
  
625,438

  

Net assets
  
625,438


Capital and reserves
  

Called up share capital 
 7 
1

Profit and loss account
  
625,437

  
625,438


Page 1

 
HAMMER HOUSE INVESTMENT LIMITED
REGISTERED NUMBER:15402632
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 June 2025.




R Mizrahi
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
HAMMER HOUSE INVESTMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Hammer House Investment Limited is a limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD.
The principal activity of the Company during the period was that of the development and rental of investment property.
The Company's functional and presentational currency is £ sterling.
The Company was incorporated and started trading on 10 January 2024.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date the Company has net current liabilities.The Directors have obtained assurance from the shareholder that funds will be made available to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis. 

 
2.3

Turnover

Turnover is measured at the fair value of amounts receivable in respect of rent provided in the year, net of trade discounts and excluding value added tax. Revenue from rental services is recognised in the period in which it relates.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
HAMMER HOUSE INVESTMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a maket rate of interest. Thereafter they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances and call deposits. .


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 4

 
HAMMER HOUSE INVESTMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
20,040,281



At 31 December 2024
20,040,281

The 2024 valuations were made by directors, on an open market value for existing use basis.



At 31 December 2024





5.


Debtors

2024
£


Trade debtors
295,503

Other debtors
313,843

Prepayments and accrued income
1,592

610,938



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
35,175

Amounts owed to group undertakings
20,124,999

Other taxation and social security
244,205

Other creditors
138,419

Accruals and deferred income
258,783

20,801,581


Page 5

 
HAMMER HOUSE INVESTMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

7.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary shares share of £1.00
1


Upon incorporation 1 Ordinary share of £1 was issued at par value.


8.


Controlling party

The Company is a wholly owned subsidiary of KAREL S.A.R.L, a company registered in Italy.

 
Page 6