Company Registration No. 03897322 (England and Wales)
HUNGERHILL TRADING LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
HUNGERHILL TRADING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
HUNGERHILL TRADING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
19,673
25,482
Investment property
5
675,000
675,000
694,673
700,482
Current assets
Debtors
6
17,765
20,049
Cash at bank and in hand
18,402
111,316
36,167
131,365
Creditors: amounts falling due within one year
7
(27,912)
(44,558)
Net current assets
8,255
86,807
Total assets less current liabilities
702,928
787,289
Creditors: amounts falling due after more than one year
8
(31,115)
(167,557)
Provisions for liabilities
(168,750)
(168,750)
Net assets
503,063
450,982
Capital and reserves
Called up share capital
9
50,001
50,001
Profit and loss reserves
453,062
400,981
Total equity
503,063
450,982
HUNGERHILL TRADING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 September 2025 and are signed on its behalf by:
E Davidson
Director
Company registration number 03897322 (England and Wales)
HUNGERHILL TRADING LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 3 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Hungerhill Trading Limited is a private company limited by shares incorporated in England and Wales. The registered office is 27-31 Carlton Road, Nottingham, NG3 2DG.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Hungerhill Trading Limited is a wholly owned subsidiary of The Renewal Trust and the results of Hungerhill Trading Limited are included in the consolidated financial statements of The Renewal Trust which are available from the registered office.

2.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

HUNGERHILL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2
Accounting policies
(Continued)
- 4 -
2.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
10%, 20% straight line & estimated useful life

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.5
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

2.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

2.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

HUNGERHILL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
4
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2024
96,548
Additions
2,309
Disposals
(11,608)
At 31 March 2025
87,249
Depreciation and impairment
At 1 April 2024
71,066
Depreciation charged in the year
5,753
Eliminated in respect of disposals
(9,243)
At 31 March 2025
67,576
Carrying amount
At 31 March 2025
19,673
At 31 March 2024
25,482
5
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
675,000

The company owns the freehold land and buildings at 3 Hawkesworth Street, St Anns, Nottingham. It was purchased in 2003 for £137,500 using funds provided by ERDF who also provided funding for improvements.

During 2025, an internal valuation had been carried out by the Property Portfolio Manager, Paul Purewal. The market value of the property has remained the same at £675,000 which has been reflected in the financial statements. There have been no rental increases on the property so the overall income when fully let remains the same.

HUNGERHILL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
16,290
14,658
Other debtors
1,475
5,391
17,765
20,049
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
3,938
17,502
Other creditors
23,974
27,056
27,912
44,558
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
31,115
167,557
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
50,001
50,001
50,001
50,001
10
Financial commitments, guarantees and contingent liabilities

The company has a lease with Nottingham City Council for a period of 125 years from 8 July 2009 for 27-31 Carlton Road, Nottingham. No rental charge is payable in respect of the leases.

11
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Hungerhill Trading Limited is a wholly owned subsidiary of The Renewal Trust.

Included in other creditors, amounts falling due after more than one year is an intercompany balance owed to The Renewal Trust totalling £31,115 (2024: £167,557).

HUNGERHILL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
12
Parent company

The parent company of Hungerhill Trading Limited is The Renewal Trust Limited and its registered office is 27-31 Carlton Road, Nottingham, NG3 2DG.

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