Company Registration No. 15253805 (England and Wales)
Hidden Gems Design Ltd
Unaudited accounts
for the period from 1 November 2023 to 31 March 2025
Hidden Gems Design Ltd
Unaudited accounts
Contents
Hidden Gems Design Ltd
Company Information
for the period from 1 November 2023 to 31 March 2025
Company Number
15253805 (England and Wales)
Registered Office
Apartment 603
1 Tidal Basin Road
London
E16 1UP
United Kingdom
Hidden Gems Design Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
59
Creditors: amounts falling due within one year
(9,426)
Net current liabilities
(5,613)
Called up share capital
100
Profit and loss account
87
For the period ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 24 July 2025 and were signed on its behalf by
Steven Nyman
Director
Company Registration No. 15253805
Hidden Gems Design Ltd
Notes to the Accounts
for the period from 1 November 2023 to 31 March 2025
Hidden Gems Design Ltd is a private company, limited by shares, registered in England and Wales, registration number 15253805. The registered office is Apartment 603, 1 Tidal Basin Road, London, E16 1UP, United Kingdom.
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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.
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
20% on Cost
Computer equipment
20% on Cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Expenditure on research and development is written off in the year in which it is incurred.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Hidden Gems Design Ltd
Notes to the Accounts
for the period from 1 November 2023 to 31 March 2025
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Tangible fixed assets
Computer equipment
Charge for the period
1,450
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
Taxes and social security
4,330
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
Shares issued during the period:
100 Ordinary shares of £1 each
100
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Transactions with related parties
During the period interim dividends of £24,000 were paid to Mr Steven Nyman, a sole director and 100% shareholder of the company.
Hidden Gems Design Ltd
Notes to the Accounts
for the period from 1 November 2023 to 31 March 2025
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Average number of employees
During the period the average number of employees was 0.