REGISTERED NUMBER: 13464483 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

LONHYD Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms N Dhollander

REGISTERED OFFICE:

Dhollandia UK Limited

Latham Road

Huntingdon

Cambridgeshire

PE29 6YG

REGISTERED NUMBER:

13464483 (England and Wales)

AUDITORS:

George Hay Partnership LLP

Chartered Accountants

and Statutory Auditor

St George's House

George Street

Huntingdon

Cambridgeshire

PE29 3GH

FIXED ASSETS

Tangible assets

3

6,875

14,375

Investment property

4

6,577,873

6,431,435

6,584,748

6,445,810

CURRENT ASSETS

Debtors

5

69,899

36,586

Cash at bank

318,309

302,513

388,208

339,099

CREDITORS

Amounts falling due within one year

6

73,978

126,843

NET CURRENT ASSETS

314,230

212,256

TOTAL ASSETS LESS CURRENT LIABILITIES

6,898,978

6,658,066

CAPITAL AND RESERVES

Called up share capital

6,000,000

6,000,000

Other reserves

2,750,000

2,750,000

Retained earnings

(1,851,022

)

(2,091,934

)

6,898,978

6,658,066

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 3 June 2025 and were signed by:

Ms N Dhollander - Director

1.	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 as modified by the revaluation of certain assets.

Significant judgements and estimates

Valuation of Properties

The investment properties have been revalued to their fair value as at 31 December 2024 by the director using the house price index for the relevant regions. The house price index is based on changes across each London borough throughout the year and applies a single average rate of change to each property type and therefore this single rate does have its limitations. The Director accepts this limitation but deem that any differences that may arise using an alternative method would not be material.

Turnover

Turnover represents rents receivable and is recognised evenly over the term of the lease.

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 etc

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2.	EMPLOYEES AND DIRECTORS

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

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

30,000

DEPRECIATION

At 1 January 2024

15,625

Charge for year

7,500

At 31 December 2024

23,125

NET BOOK VALUE

At 31 December 2024

6,875

At 31 December 2023

14,375

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

6,431,435

Revaluations

146,438

At 31 December 2024

6,577,873

NET BOOK VALUE

At 31 December 2024

6,577,873

At 31 December 2023

6,431,435

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

(1,089,965

)

Valuation in 2023

(1,217,214

)

Valuation in 2024

146,438

Cost

8,738,614

6,577,873

The investment properties have been revalued to their fair value as at 31 December 2024 by the director using the house price index for the relevant regions.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

69,899

36,586

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

33,992

16,809

Other creditors

39,986

110,034

73,978

126,843

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Emma Wilsher FCA (Senior Statutory Auditor)

for and on behalf of George Hay Partnership LLP

8.	ULTIMATE CONTROLLING PARTY

The company is a wholly-owned subsidiary of Hydrotec Engineering Limited.

The parent undertaking of the largest and smallest group for which consolidated financial statements are prepared, is Hydrotec Engineering Limited, which is incorporated in Ireland and for which financial statements are available from Old Waterford Rd, Laganore, Clonmel, Co. Tipperary, Ireland.

The ultimate controlling party is Hyd Fin International which is incorporated in Luxembourg.

9.

RESERVES

Other reserves represent a capital contribution from the parent undertaking.