Sub 1 (Hoddesdon 1) Limited Company accounts

COMPANY REGISTRATION NUMBER: 15557847

Sub 1 (Hoddesdon 1) Limited

Unaudited Financial Statements

31 December 2024

Sub 1 (Hoddesdon 1) Limited

Financial Statements

Period from 12 March 2024 to 31 December 2024

Contents	Page

Directors' report	1

Statement of comprehensive income	2

Statement of financial position	3

Statement of changes in equity	4

Notes to the financial statements	5

Sub 1 (Hoddesdon 1) Limited

Directors' Report

Period from 12 March 2024 to 31 December 2024

The directors present their report and the unaudited financial statements of the company for the period ended 31 December 2024 .

Principal activities

The principal activity of the company during the period was the acquisition of a property with a view to conversion into a Data centre.

Incorporation

The company was incorporated on 12 March 2024 and commenced activity on that date.

Directors

The directors who served the company during the period were as follows:

L. Roberts	(Appointed 12 March 2024)
C.E. Boultbee Brooks	(Appointed 12 March 2024)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 15 September 2025 and signed on behalf of the board by:

L. Roberts

Director

Registered office:

Formal House

60 St Georges Place

Cheltenham

GL50 3PN

Sub 1 (Hoddesdon 1) Limited

Statement of Comprehensive Income

Period from 12 March 2024 to 31 December 2024

	Period from
	12 Mar 24 to
	31 Dec 24
Note	£

Administrative expenses	28,443
	--------
Operating loss	( 28,443)

Other interest receivable and similar income	6,543
Interest payable and similar expenses	193,415
	---------
Loss before taxation	( 215,315)

Tax on loss	–
	---------
Loss for the financial period and total comprehensive income	( 215,315)
	---------

All the activities of the company are from continuing operations.

Sub 1 (Hoddesdon 1) Limited

Statement of Financial Position

31 December 2024

	31 Dec 24
Note	£

Fixed assets

Tangible assets	4	4,024,928

Current assets

Debtors	5	777,402

Creditors: amounts falling due within one year	6	5,017,545
		------------
Net current liabilities		4,240,143
		------------
Total assets less current liabilities		( 215,215)
		---------
Net liabilities		( 215,215)
		---------

Capital and reserves

Called up share capital	100
Profit and loss account	( 215,315)
	---------
Shareholders deficit	( 215,215)
	---------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

L. Roberts

Director

Company registration number: 15557847

Sub 1 (Hoddesdon 1) Limited

Statement of Changes in Equity

Period from 12 March 2024 to 31 December 2024

	Called up share capital	Profit and loss account	Total
	£	£	£
At 12 March 2024	100	–	100

Loss for the period		( 215,315)	( 215,315)
	----	---------	---------
Total comprehensive income for the period	–	( 215,315)	( 215,315)

	----	---------	---------
At 31 December 2024	100	( 215,315)	( 215,215)
	----	---------	---------

Sub 1 (Hoddesdon 1) Limited

Notes to the Financial Statements

Period from 12 March 2024 to 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Formal House, 60 St Georges Place, Cheltenham, GL50 3PN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Going concern

The company has net liabilities £215,215. It has the support of its creditors for the foreseeable future.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Tangible assets

	Freehold property
	£
Cost
At 12 March 2024	–
Additions	4,024,928
	------------
At 31 December 2024	4,024,928
	------------
Depreciation
At 12 March 2024 and 31 December 2024	–
	------------
Carrying amount
At 31 December 2024	4,024,928
	------------

5. Debtors

	31 Dec 24
	£
Other debtors	777,402
	---------

6. Creditors: amounts falling due within one year

	31 Dec 24
	£
Trade creditors	6,612
Amounts owed to group undertakings and undertakings in which the company has a participating interest	5,010,747
Other creditors	186
	------------
	5,017,545
	------------

7. Controlling party

The controlling party is C.E.Boultbee Brooks.