REGISTERED NUMBER: 07310768 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

15A HAY HILL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

G Cipriani

REGISTERED OFFICE:

10 London Mews

London

W2 1HY

REGISTERED NUMBER:

07310768 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

Paddington

LONDON

W2 1HY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

411,944

396,238

411,944

396,238

CURRENT ASSETS

Stocks

47,210

52,379

Debtors

6

333,392

435,855

Cash at bank and in hand

103,056

425,127

483,658

913,361

CREDITORS

Amounts falling due within one year

7

2,057,488

1,919,772

NET CURRENT LIABILITIES

(1,573,830

)

(1,006,411

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,161,886

)

(610,173

)

CREDITORS

Amounts falling due after more than one year

8

505,000

1,315,000

NET LIABILITIES

(1,666,886

)

(1,925,173

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

(1,666,890

)

(1,925,177

)

SHAREHOLDERS' FUNDS

(1,666,886

)

(1,925,173

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 29 July 2025 and were signed by:

G Cipriani - Director

1.	STATUTORY INFORMATION

15A Hay Hill 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.

Going Concern

The financial statements have been prepared on a going concern basis. Whilst the company has a net deficit on its balance sheet it is reliant on the continued support of the shareholders. The shareholders have provided the company with an undertaking that for at least 12 months from the date of approval of these financial statements, they will continue to make available such funds as are needed by the company. This should enable the company to continue in operation existence for the foreseeable future by meeting its liabilities as they fall due for payment.

Turnover

Turnover represents restaurant services provided to customers and is recognised once the service has been completed, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademark are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Short leasehold property

-

over the term of the lease of 5 years

Improvements to property

-

over the term of the lease of 5 years

Kitchen Equipment

-

10% straight line

Furniture, fixtures & fittings

-

10% straight line

TV, Audio and computer equipment

-

33.33% straight line

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical costs includes expenditure that is directly attributable to bring the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Stocks

Bar stock is valued at the lower of cost and net realisable value.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, trade and other creditors.

The basic financial instruments are initially recognised at transaction price and subsequently carried at amortised cost.

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 and deferred taxation assets and liabilities are not discounted.

Current and deferred tax are 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.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating lease

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Membership income

Membership income is accounted on an accruals basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Trademark

£

COST

At 1 January 2024

and 31 December 2024

270

AMORTISATION

At 1 January 2024

and 31 December 2024

270

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Short

Improvements

leasehold

to

Kitchen

property

property

Equipment

£

£

£

COST

At 1 January 2024

410,341

818,373

11,351

Additions

35,473

-

10,469

Disposals

-

-

(6,484

)

At 31 December 2024

445,814

818,373

15,336

DEPRECIATION

At 1 January 2024

368,242

587,548

8,090

Charge for year

1,545

8,833

812

Eliminated on disposal

-

-

(4,647

)

At 31 December 2024

369,787

596,381

4,255

NET BOOK VALUE

At 31 December 2024

76,027

221,992

11,081

At 31 December 2023

42,099

230,825

3,261

TV, Audio

Furniture,

and

fixtures

computer

& fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

385,478

23,705

1,649,248

Additions

22,345

-

68,287

Disposals

-

-

(6,484

)

At 31 December 2024

407,823

23,705

1,711,051

DEPRECIATION

At 1 January 2024

265,849

23,281

1,253,010

Charge for year

39,130

424

50,744

Eliminated on disposal

-

-

(4,647

)

At 31 December 2024

304,979

23,705

1,299,107

NET BOOK VALUE

At 31 December 2024

102,844

-

411,944

At 31 December 2023

119,629

424

396,238

6.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

5,155

5,132

Other debtors

293,237

395,723

298,392

400,855

Amounts falling due after more than one year:

Other debtors

35,000

35,000

Aggregate amounts

333,392

435,855

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

28,703

69,053

Taxation and social security

88,344

93,764

Other creditors

1,930,441

1,746,955

2,057,488

1,919,772

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

5,000

15,000

Other creditors

500,000

1,300,000

505,000

1,315,000

9.	GUARANTEES AND OTHER FINANCIAL COMMITMENTS

Operating lease commitments not included in the balance sheet amount to £4,250,000 (2023: £111,475)

The loan of £1,375,000 included in other creditors is secured by way of a first fixed charge over the shareholders rights and interests in the shares of the company.

10.	RELATED PARTY DISCLOSURES