CIHH LIMITED
Directors: G. Selzer
Registered Office: 5.2 Central House
1 Ballards Lane
N3 1LQ
Registered No: 13599152 (England & Wales)
Annual report and financial statements
For the year ended 31 December 2024
page
Statement of financial position 1
Notes to the financial statements 2-4
CIHH LIMITED
Statement of financial position as at 31 December 2024
31.12.2024 31.12.2023
Notes £ £
Fixed asset investment 4 889,931 1,629,447
Current assets
Debtors 5 5,338,556 4,088,651
Creditors: amounts falling due
within one year 6 (3,612) (3,612)
Net current assets 5,334,944 4,085,039
Creditors: amounts falling due
after more than one year 7 (6,793,405) (6,087,666)
Total net liabilities £ (568,530) £ (373,180)
Capital and deficit
31.12.2024 31.12.2023
£ £ £
Share capital 8 100 100
Profit and loss account (568,630) (373,280)
Capital and deficit £ (568,530) £ (373,180)
For the period ending 31 December 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
The financial statements have been prepared in accordance with special provision of Part 15 of the Companies Act 2006 relating to small companies and with the provisions of FRS 102 Section 1A Small Entities.
G. Selzer
Director
Company number: 13599152 24 July 2025
CIHH LIMITED
Notes to the financial statements - 31 December 2024
COMPANY INFORMATION
1. Company Information
CIHH Limited is a private limited company incorporated and domiciled in England & Wales. The address of its registered office is 5.2 Central House, 1 Ballards Lane, London, N3 1LQ.
The company is a wholly owned subsidiary of Heliport Israel Ltd, a company registered in Israel.
2. Accounting Policies
2.1 Basis of accounting
The financial statements have been prepared on a going concern basis, under historical cost convention and in accordance with the provisions of FRS 102 Section 1A small entities and the Companies Act 2006.
The financial statements are presented in sterling.
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2.2 Group Accounts
The company and its subsidiary comprise a small size group and therefore has taken the advantages of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.
2.3 Going concern
The company is a holding company whose activities are financed by a long term loan from the ultimate shareholders. The loan and the interest are not due to be repaid in the 12 months from the date of the financial statements.
On the basis of the above, the directors consider it appropriate to prepare the financial statement on a going concern basis.
2.4 Financial instruments
The company has chosen to adapt the sections 11 & 12 of FRS 102 in respect of financial instruments:
(i) Financial assets
Basic financial assets including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at present value of the future receipts discounted at the market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method and are assess for objective evidence of impairment at the end of each reporting period.
(ii) Financial liabilities
Basic financial liabilities including trade and other payable are initially recognised at transaction price unless arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts discounted at a market value of interest debt instruments are subsequently carried at amortised costs using the effective interest rate method.
2.5 Investment in subsidiary company:
Investment in subsidiary company is presented at cost less accumulated impairment loss.
At each balance sheet date, the investment is assessed whether there is an indication that the assets
may be impaired, and if so, an impairment test is carried out to verify if impairment losses are arisen.
2.6 Debtors
Short term debtors that includes amount due from subsidiary company and other receivables are measured at transaction price, less any impairment.
CIHH LIMITED
Notes to the financial statements - 31 December 2024
2. Accounting Policies (continued)
2.7 Creditors
Basic financial liabilities including trade and other payable, amounts due from group companies are measured at transaction price.
2.8 Current & deferred taxation
Deferred taxation is provided using the liability method to take into account timing from the inclusion of items of expenditure in taxation computations in periods that differ from those differences arising in which they are included in the financial statements to the extent that it is probably that an or assets will crystallize in the future.
Provision for deferred taxation is set off against debit balance of deferred taxation.
The current income tax charged is calculated on the basis of the tax rate and laws that have been enacted or substantially enacted by the reporting date in the countries where the company operated and generates income.
3. Employees
2024 2023
Number of employees 0 0
4. Fixed asset investment
31.12.2024 31.12.2023
£ £
Investment in subsidiary company 889,931 1,629,447
889,931 1,629,447
The investment in subsidiary company represents the cost of acquisition of the whole share capital of Heliport London Limited, a company incorporated in England & Wales. The company is engaging in property development.
5. Debtors
31.12.2024 31.12.2023
£ £
Parent company 100 100
Payment on account of land - 350,000
Loan to subsidiary company 5,338,456 3,738,551
5,338,556 4,088,651
The loan to subsidiary is outstanding for a period of more than 12 months
CIHH LIMITED
Notes to the financial statements - 31 December 2024
6. Creditors: amounts falling due
within one year
31.12.2024 31.12.2022
£ £
Accruals 3,612 3,612
3,612 3,612
7. Creditors: amounts falling due
after more than one year
31.12.2024 31.12.2022
£ £
Shareholders loan 6,793,405 6,087,666
6,793,405 6,087,666
The shareholders' loan is repayable in a period of more than one year and not before the development of the property is finished.
Interest is charged at the yearly rate of 3%.
8. Share capital
31.12.2024 31.12.2022
£ £
Allotted, called up and fully paid:
100 ordinary shares of £1 each 100 100
9. Related party transactions
Control:
The immediate parent company is Heliport Israel Ltd, a company incorporated and registered in Israel.
Transaction:
The company is exempt from disclosing transactions with related parties that are wholly owned within the same group in accordance with FRS 102 Section 33(1)A.
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