IRIS Accounts Production v25.1.4.42 10427124 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104271242023-10-31104271242024-10-31104271242023-11-012024-10-31104271242022-10-31104271242022-11-012023-10-31104271242023-10-3110427124ns15:EnglandWales2023-11-012024-10-3110427124ns14:PoundSterling2023-11-012024-10-3110427124ns10:Director12023-11-012024-10-3110427124ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3110427124ns10:SmallEntities2023-11-012024-10-3110427124ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3110427124ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3110427124ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3110427124ns10:FullAccounts2023-11-012024-10-3110427124ns10:Director22023-11-012024-10-3110427124ns10:RegisteredOffice2023-11-012024-10-3110427124ns5:CurrentFinancialInstruments2024-10-3110427124ns5:CurrentFinancialInstruments2023-10-3110427124ns5:Non-currentFinancialInstruments2024-10-3110427124ns5:Non-currentFinancialInstruments2023-10-3110427124ns5:ShareCapital2024-10-3110427124ns5:ShareCapital2023-10-3110427124ns5:FurtherSpecificReserve3ComponentTotalEquity2024-10-3110427124ns5:FurtherSpecificReserve3ComponentTotalEquity2023-10-3110427124ns5:RetainedEarningsAccumulatedLosses2024-10-3110427124ns5:RetainedEarningsAccumulatedLosses2023-10-3110427124ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3110427124ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3110427124ns5:Secured2024-10-3110427124ns5:Secured2023-10-3110427124ns5:DeferredTaxation2023-10-3110427124ns5:DeferredTaxation2023-11-012024-10-3110427124ns5:DeferredTaxation2024-10-3110427124ns5:RetainedEarningsAccumulatedLosses2023-10-3110427124ns5:FurtherSpecificReserve3ComponentTotalEquity2023-10-3110427124ns5:RetainedEarningsAccumulatedLosses2023-11-012024-10-31
REGISTERED NUMBER: 10427124 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

HESTIA HOLDINGS LIMITED

HESTIA HOLDINGS LIMITED (REGISTERED NUMBER: 10427124)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HESTIA HOLDINGS LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Ms S Pohlodek
G Tsantirakis





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 10427124 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

HESTIA HOLDINGS LIMITED (REGISTERED NUMBER: 10427124)

Statement of Financial Position
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 365,000 352,500

CURRENT ASSETS
Debtors 5 4,036 1,900
Cash at bank 17,144 2,126
21,180 4,026
CREDITORS
Amounts falling due within one year 6 40,936 39,411
NET CURRENT LIABILITIES (19,756 ) (35,385 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,244

317,115

CREDITORS
Amounts falling due after more than one year 7 (277,110 ) (264,139 )

PROVISIONS FOR LIABILITIES 9 (5,111 ) (1,986 )
NET ASSETS 63,023 50,990

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Fair value reserve 10 17,843 8,468
Retained earnings 10 5,180 2,522
SHAREHOLDERS' FUNDS 63,023 50,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HESTIA HOLDINGS LIMITED (REGISTERED NUMBER: 10427124)

Statement of Financial Position - continued
31 OCTOBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2025 and were signed on its behalf by:





G Tsantirakis - Director


HESTIA HOLDINGS LIMITED (REGISTERED NUMBER: 10427124)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Hestia Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue represents the value of rental income chargeable in respect of the company's investment property. Revenue is recognised evenly over the period of the rental agreement, net of value added tax.

Where rental income is received in advance of the period to which it relates, it is recognised as deferred income. Where rental income is due but not yet received and relates to a current or past period, it is recognised as accrued income.

Investment property
Investment property, which is property held to earn rentals or for capital appreciation or both, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure such as legal fees, property transfer taxes, and other transaction costs.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

An investment property is derecognised upon disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from the continued use of the asset.

Any gain or loss arising on derecognition of the property (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in profit or loss in the period in which the property is derecognised.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.


HESTIA HOLDINGS LIMITED (REGISTERED NUMBER: 10427124)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 352,500
Revaluations 12,500
At 31 October 2024 365,000
NET BOOK VALUE
At 31 October 2024 365,000
At 31 October 2023 352,500

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2022 9,062
Valuation in 2023 1,392
Valuation in 2024 12,500
Cost 342,046
365,000


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,036 1,900

HESTIA HOLDINGS LIMITED (REGISTERED NUMBER: 10427124)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,806 3,484
Taxation and social security 504 -
Other creditors 34,626 35,927
40,936 39,411

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 277,110 264,139

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 262,040 258,442

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 282,916 267,623

Bank loan are secured by way of fixed charge over the investment property of the company and contains negative pledge.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,111 1,986

Deferred
tax
£   
Balance at 1 November 2023 1,986
Provided during year 3,125
Balance at 31 October 2024 5,111

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2023 2,522 8,468 10,990
Profit for the year 2,658 2,658
Movement during the year - 9,375 9,375
At 31 October 2024 5,180 17,843 23,023

HESTIA HOLDINGS LIMITED (REGISTERED NUMBER: 10427124)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

11. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year is an amount of £30,106 (2023: £29,387) owed to the directors of the company. This loan is interest free and repayable on demand.