|
Hudson Ventures Holding Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
Hudson Ventures Holding Limited is a private company limited by shares, incorporated in England & Wales (registered number: 10709539).
The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.
The Company's principal activity continued to be that of a holding company.
The financial statements are presented in Sterling, which is the functional currency of the Company.
2.Accounting policies
|
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
|
|
The Company has no employees other than the director, who did not receive any remuneration (2023 - £NIL).
|
Page 3
|