Company No:
Contents
| DIRECTORS | S H White |
| R H White |
| SECRETARY | IWhite |
| REGISTERED OFFICE | 19 Cedar Road |
| Sutton | |
| United Kingdom |
| COMPANY NUMBER | 04301381 (England and Wales) |
| ACCOUNTANT | Shaw Gibbs Limited |
| Salatin House | |
| 19 Cedar Road | |
| Sutton | |
| SM2 5DA |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments | 5 |
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| 227,413 | 227,413 | |||
| Current assets | ||||
| Debtors | 6 |
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| Cash at bank and in hand | 7 |
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| 1,015 | 1,871 | |||
| Creditors: amounts falling due within one year | 8 | (
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| Net current liabilities | (126,440) | (125,391) | ||
| Total assets less current liabilities | 100,973 | 102,022 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 9 |
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| Share premium account |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of HUNGRY LIMITED (registered number:
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R H White
Director |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Hungry Limited (the Company) is a private company limited by shares capital incorporated in England and Wales under the Companies Act . The address of the registered office is given on page 1. The nature of the company's operations and its principal activities are set out in the directors' report on page 2.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Investments in subsidiary undertakings are recognised at cost.
Cash and cash equivalents comprise cash on hand and call deposits.
Receivables are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.
The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).
| Plant and machinery |
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| Computer equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Plant and machinery | Computer equipment | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 01 April 2024 |
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| At 31 March 2025 |
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| Accumulated depreciation | |||||
| At 01 April 2024 |
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| At 31 March 2025 |
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| Net book value | |||||
| At 31 March 2025 | 0 | 0 | 0 | ||
| At 31 March 2024 | 0 | 0 | 0 |
Investments in subsidiaries
| 2025 | |
| £ | |
| Cost | |
| At 01 April 2024 |
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| At 31 March 2025 |
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| Provisions for impairment | |
| At 01 April 2024 |
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| At 31 March 2025 |
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| Carrying value at 31 March 2025 |
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| Carrying value at 31 March 2024 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
The country of incorporation is England and the holding proportion of voting rights and shares held 100% (100 ordinary shares of £1 each).
Subsidiary undertakings :
Service Crew Limited
Salatin House
19 Cedar Road
Sutton Surrey SM25DA
| 2025 | 2024 | ||
| £ | £ | ||
| Other debtors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Cash at bank and in hand |
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| 2025 | 2024 | ||
| £ | £ | ||
| Other loans |
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| Accruals |
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| Other taxation and social security |
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| Other creditors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| 110 | 110 |
Managed Operations AI Limited is a company under common control. At year end, the company owed Managed Operations AI Limited £42,800 (2024 -£42,800). The company owes £81,200 (2024:£81,200) to its subsidiary, Service Crew Limited.This loan is interest free - unsecured and has no fixed repayment date.