Company Registration No. 03358279 (England and Wales)
Hippo Properties Limited
Unaudited accounts
for the year ended 31 March 2025
Hippo Properties Limited
Unaudited accounts
Contents
Hippo Properties Limited
Company Information
for the year ended 31 March 2025
Directors
Neil Alexander Hinds
Christopher Lewis Powell
Stephen Frank Ronaldson
Secretary
Neil Alexander Hinds
Company Number
03358279 (England and Wales)
Registered Office
Salisbury House
London Wall
London
EC2M 5PS
England
Accountants
Fox Accountancy Limited
88 Corbets Tey Road
Upminster
Essex
RM14 2BA
Hippo Properties Limited
Statement of financial position
as at 31 March 2025
Investment property
3,363,901
3,363,901
Debtors
2,129,612
1,695,474
Cash at bank and in hand
122,418
106,907
Creditors: amounts falling due within one year
(2,308,352)
(1,936,209)
Net current liabilities
(56,322)
(133,828)
Total assets less current liabilities
3,308,387
3,231,024
Provisions for liabilities
Deferred tax
(3,767)
(3,767)
Net assets
3,304,620
3,227,257
Called up share capital
20,000
20,000
Profit and loss account
3,284,620
3,207,257
Shareholders' funds
3,304,620
3,227,257
For the year 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 directors acknowledge their 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 of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by
Christopher Lewis Powell
Director
Company Registration No. 03358279
Hippo Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
Hippo Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 03358279. The registered office is Salisbury House, London Wall, London, EC2M 5PS, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Plant & machinery
15% reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Hippo Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Fair value at 1 April 2024
3,363,901
At 31 March 2025
3,363,901
The investment property valuation is a desk top property valuation by the directors at the year end, and reflects current market conditions. The cost of the investment property at the year end is £2,644,772 (2024: £2,644,772).
Amounts falling due within one year
Trade debtors
11,211
33,400
Amounts due from group undertakings etc.
2,115,631
1,659,931
Accrued income and prepayments
2,770
2,143
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
405,000
Amounts owed to group undertakings and other participating interests
845,758
830,758
Taxes and social security
26,297
29,204
Other creditors
848,016
486,492
Loans from directors
510,000
30,000
Deferred income
35,594
54,100
Included in Other Creditors are loans from companies controlled by the Directors or their partners totalling £390,000 (2024: £310,000). These are interest bearing at 2.75% and 3% over base rate and repayable on demand.
Hippo Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
20,000 Ordinary shares of £1 each
20,000
20,000
The entire shareholding of the company is owned by Blandford Street Limited (Company number 05178698) of Salisbury House London Wall London EC2M 5PS.
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Average number of employees
During the year the average number of employees was 0 (2024: 0).