1 November 2023 false Taxfiler 2024.6 15253805business:PrivateLimitedCompanyLtd2023-11-012025-03-31 152538052023-10-31 152538052023-11-012025-03-31 15253805business:AuditExempt-NoAccountantsReport2023-11-012025-03-31 15253805business:FilletedAccounts2023-11-012025-03-31 152538052025-03-31 15253805business:Director12023-11-012025-03-31 15253805business:RegisteredOffice2023-11-012025-03-31 15253805core:WithinOneYear2025-03-31 15253805core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 15253805core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 15253805core:PreviouslyStatedAmount2025-03-31 15253805business:SmallEntities2023-11-012025-03-31 15253805countries:EnglandWales2023-11-012025-03-31 15253805core:FurnitureFittings2023-11-012025-03-31 15253805core:ComputerEquipment2023-11-012025-03-31 15253805core:ComputerEquipment2023-10-31 15253805core:ComputerEquipment2025-03-31 15253805business:OrdinaryShareClass12023-11-012025-03-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
Hidden Gems Design Ltd Company Information for the period from 1 November 2023 to 31 March 2025
Director
Steven Nyman
Company Number
15253805 (England and Wales)
Registered Office
Apartment 603 1 Tidal Basin Road London E16 1UP United Kingdom
- 3 -
Hidden Gems Design Ltd Statement of financial position as at 31 March 2025
2025 
Notes
£ 
Fixed assets
Tangible assets
5,800 
Current assets
Debtors
3,754 
Cash at bank and in hand
59 
3,813 
Creditors: amounts falling due within one year
(9,426)
Net current liabilities
(5,613)
Net assets
187 
Capital and reserves
Called up share capital
100 
Profit and loss account
87 
Shareholders' funds
187 
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
- 4 -
Hidden Gems Design Ltd Notes to the Accounts for the period from 1 November 2023 to 31 March 2025
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Leased assets
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.
- 5 -
Hidden Gems Design Ltd Notes to the Accounts for the period from 1 November 2023 to 31 March 2025
Foreign exchange
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.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2023
- 
Additions
7,250 
At 31 March 2025
7,250 
Depreciation
Charge for the period
1,450 
At 31 March 2025
1,450 
Net book value
At 31 March 2025
5,800 
5
Debtors
2025 
£ 
Amounts falling due within one year
Other debtors
3,754 
6
Creditors: amounts falling due within one year
2025 
£ 
VAT
1,754 
Trade creditors
1,650 
Taxes and social security
4,330 
Accruals
1,692 
9,426 
7
Share capital
2025 
£ 
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 
8
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.
- 6 -
Hidden Gems Design Ltd Notes to the Accounts for the period from 1 November 2023 to 31 March 2025
9
Average number of employees
During the period the average number of employees was 0.
- 7 -