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REGISTERED NUMBER: 03201936 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

HYDRA INVESTMENTS LIMITED

HYDRA INVESTMENTS LIMITED (REGISTERED NUMBER: 03201936)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HYDRA INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr C Chrysostomou





SECRETARY: Mr C Chrysostomou





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 03201936 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

HYDRA INVESTMENTS LIMITED (REGISTERED NUMBER: 03201936)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 6,895,753 5,482,185

CURRENT ASSETS
Debtors 5 157,951 100,993
Cash at bank 227,563 24,616
385,514 125,609
CREDITORS
Amounts falling due within one year 6 38,011 32,316
NET CURRENT ASSETS 347,503 93,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,243,256

5,575,478

CREDITORS
Amounts falling due after more than one
year

7

(3,787,576

)

(2,093,103

)

PROVISIONS FOR LIABILITIES (89,646 ) (89,646 )
NET ASSETS 3,366,034 3,392,729

CAPITAL AND RESERVES
Called up share capital 9 2,575,449 2,575,449
Fair value reserve 10 676,187 676,187
Retained earnings 114,398 141,093
SHAREHOLDERS' FUNDS 3,366,034 3,392,729

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

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

The director acknowledges his 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.

HYDRA INVESTMENTS LIMITED (REGISTERED NUMBER: 03201936)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 22 August 2025 and were signed by:





Mr C Chrysostomou - Director


HYDRA INVESTMENTS LIMITED (REGISTERED NUMBER: 03201936)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Hydra Investments 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.

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.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 5,482,185
Additions 1,413,568
At 31 May 2024 6,895,753
NET BOOK VALUE
At 31 May 2024 6,895,753
At 31 May 2023 5,482,185

HYDRA INVESTMENTS LIMITED (REGISTERED NUMBER: 03201936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. INVESTMENT PROPERTY - continued

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2017 391,833
Valuation in 2019 374,000
Cost 6,129,920
6,895,753

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed by related companies 100,993 100,993
Other debtors 56,958 -
157,951 100,993

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 9,347 5,387
Tax 25,064 20,808
Accrued expenses 3,600 6,121
38,011 32,316

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans more 5 yr by instal 3,787,576 2,093,103

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,787,576 2,093,103

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 3,787,576 2,093,103

The bank loans are secured by a first legal charge over the freehold property of the company.

HYDRA INVESTMENTS LIMITED (REGISTERED NUMBER: 03201936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2,575,347 Ordinary £1 2,575,449 2,575,449

10. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 676,187

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Hydra Investments Holdings Limited.