REGISTERED NUMBER: 07320137 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Hibernian Capital Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

2,839

4,131

Investments

5

36

15,036

2,875

19,167

Current assets

Stocks

-

171,639

Debtors

6

4,955,889

3,680,036

Cash at bank

169,642

1,022,265

5,125,531

4,873,940

Creditors

Amounts falling due within one year

7

5,329,340

4,883,260

Net current liabilities

(203,809

)

(9,320

)

Total assets less current liabilities

(200,934

)

9,847

Creditors

Amounts falling due after more than one year

8

15,317

18,948

Net liabilities

(216,251

)

(9,101

)

Capital and reserves

Called up share capital

1

1

Retained earnings

(216,252

)

(9,102

)

Shareholders' funds

(216,251

)

(9,101

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

M P Fingleton - Director

1.	Statutory information

Hibernian Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07320137

Registered office:

Pound House

62a Highgate High Street

London

N6 5HX

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Tangible fixed assets

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 January 2024

and 31 December 2024

10,979

33,820

44,799

Depreciation

At 1 January 2024

6,848

33,820

40,668

Charge for year

1,292

-

1,292

At 31 December 2024

8,140

33,820

41,960

Net book value

At 31 December 2024

2,839

-

2,839

At 31 December 2023

4,131

-

4,131

5.	Fixed asset investments

Other

investments

£

Cost

At 1 January 2024

15,036

Disposals

(15,000

)

At 31 December 2024

36

Net book value

At 31 December 2024

36

At 31 December 2023

15,036

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Amounts owed by associates

3,777,740

3,399,022

Other debtors

1,169,769

281,003

Directors' current accounts

3,294

-

VAT

5,086

11

4,955,889

3,680,036

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

1,682

-

Amounts owed to associates

590,276

146,771

Other creditors

4,725,892

4,724,999

Accrued expenses

1,490

1,490

5,329,340

4,883,260

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans - 1-2 years

10,000

10,000

Bank loans - 2-5 years

5,317

8,948

15,317

18,948

9.	Ultimate controlling party

The ultimate controlling party is M P Fingleton.