Hudson Finance Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02177166 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HUDSON FINANCE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M H Regal

SECRETARY:

Mrs S Rigal

REGISTERED OFFICE:

74 Durley Road

London

N16 5JS

REGISTERED NUMBER:

02177166 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

1,506

1,772

Investment property

5

290,000

291,506

291,772

CURRENT ASSETS

Debtors

6

544,962

653,357

Cash at bank

98,232

-

643,194

653,357

CREDITORS

Amounts falling due within one year

7

(12,919

)

(18,122

)

NET CURRENT ASSETS

630,275

635,235

TOTAL ASSETS LESS CURRENT
LIABILITIES

921,781

927,007

CREDITORS

Amounts falling due after more than one
year

8

(10,733

)

(19,933

)

PROVISIONS FOR LIABILITIES

(23,243

)

(23,243

)

NET ASSETS

887,805

883,831

CAPITAL AND RESERVES

Called up share capital

10

2

Revaluation reserve

11

188,972

Fair value reserve

11

(15,000

)

(15,000

)

Retained earnings

11

713,831

709,857

SHAREHOLDERS' FUNDS

887,805

883,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 December 2025 and were signed by:

M H Regal - Director

1.	STATUTORY INFORMATION

Hudson Finance 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 Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Depreciation

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

Fixtures and fittings

-

15% on reducing balance

In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or amortisation is provided in respect of freehold investment properties nor on leasehold investment properties having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act 2006, for all properties to be depreciated, is necessary, as the directors consider that this accounting policy results in the financial statements giving true and fair view.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

11,629

330

11,959

DEPRECIATION

At 1 April 2024

9,857

330

10,187

Charge for year

266

-

266

At 31 March 2025

10,123

330

10,453

NET BOOK VALUE

At 31 March 2025

1,506

-

1,506

At 31 March 2024

1,772

-

1,772

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

290,000

NET BOOK VALUE

At 31 March 2025

290,000

At 31 March 2024

290,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

544,962

653,357

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

-

49

Tax

995

8,495

Other creditors

3,924

Rent deposit

5,144

Accrued expenses

2,856

510

12,919

18,122

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Other loans more 5yrs instal

10,733

19,933

31.3.25

31.3.24

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

10,733

19,933

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank overdraft

-

49

Other loans

10,733

19,933

10,733

19,982

Under the bank loan, £10,733 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

2

Ordinary

£1

2

11.

RESERVES

Fair

Retained

Revaluation

value

earnings

reserve

Totals

£

At 1 April 2024

709,857

188,972

(15,000

)

883,829

Profit for the year

3,974

At 31 March 2025

713,831

188,972

(15,000

)

887,803

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M H Regal.