REGISTERED NUMBER: 12360615 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

HHL VENTURES 1 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Mr M J Webb

Registered office:

160 Hanging Hill Lane

Hutton

Brentwood

Essex

CM13 2HE

Registered number:

12360615 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

25,039

33,385

Current assets

Debtors

5

269,892

268,148

Investments

6

11,687,533

7,100,000

Cash at bank and in hand

567,371

505,093

12,524,796

7,873,241

Creditors

Amounts falling due within one year

7

9,255,519

5,091,128

Net current assets

3,269,277

2,782,113

Total assets less current liabilities

3,294,316

2,815,498

Capital and reserves

Called up share capital

8

1

1

Exchange reserve

400,599

400,599

Retained earnings

2,893,716

2,414,898

Shareholders' funds

3,294,316

2,815,498

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:

Mr M J Webb - Director

1.	Statutory information

HHL Ventures 1 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.

The presentation currency of the financial statements is the US Dollar ($).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised in the same period within which the services are provided.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

Reporting currency

The presentational currency was changed for 2022 and is now reported in the functional currency of the company, US Dollars.

Assets and liabilities in foreign currencies are translated into US Dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US Dollars at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	Employees and directors

The average number of employees during the year was 2 (2023 - 1 ) .

4.	Tangible fixed assets

Motor

vehicles

$

Cost

At 1 January 2024

and 31 December 2024

51,245

Depreciation

At 1 January 2024

17,860

Charge for year

8,346

At 31 December 2024

26,206

Net book value

At 31 December 2024

25,039

At 31 December 2023

33,385

5.

Debtors: amounts falling due within one year

2024

2023

$

$

Other debtors

269,892

268,148

6.	Current asset investments

2024

2023

$

$

Current asset investments

11,687,533

7,100,000

7.

Creditors: amounts falling due within one year

2024

2023

$

$

Taxation and social security

171,006

158,063

Other creditors

9,084,513

4,933,065

9,255,519

5,091,128

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

$

$

1

Ordinary

£1

1

1

9.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

$

$

Mr M J Webb

Balance outstanding at start of year

(4,931,513

)

(4,754

)

Amounts advanced

(4,151,978

)

(4,926,759

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(9,083,491

)

(4,931,513

)

Amounts owed to the director are interest free and repayable upon demand.

10.	Related party disclosures

Included within other debtors due in year is an amount of $269,462 (2023 - $268,148) due from HHL Property Ventures Ltd, a company in which the director has a material interest.