REGISTERED NUMBER: 11717081 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

FOR

555 HYDE PARK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Shabtay

REGISTERED OFFICE:

C/O Fladgate LLP

16 Great Queen Street

London

WC2B 5DG

REGISTERED NUMBER:

11717081 (England and Wales)

ACCOUNTANTS:

MGR Weston Kay LLP

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Investments

4

251

202

CURRENT ASSETS

Debtors

5

8,261,036

8,146,788

Cash at bank

2,098,000

16,903

10,359,036

8,163,691

CREDITORS

Amounts falling due within one year

6

(498,610

)

(181,847

)

NET CURRENT ASSETS

9,860,426

7,981,844

TOTAL ASSETS LESS CURRENT LIABILITIES

9,860,677

7,982,046

CREDITORS

Amounts falling due after more than one year

7

(10,428,579

)

(8,028,716

)

NET LIABILITIES

(567,902

)

(46,670

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(568,002

)

(46,770

)

SHAREHOLDERS' FUNDS

(567,902

)

(46,670

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 December 2025 and were signed by:

S Shabtay - Director

1.	STATUTORY INFORMATION

555 Hyde Park 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

Accounting convention

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.

Going concern

During the year ended 29 December 2024, the company made a loss after tax of £521,232 (2023: £85,971) and had net liabilities of £567,902 (2023: £46,670).

The company continues to meet its day to day working capital requirement through loans from related parties of £10,428,579. Accordingly, the directors consider it appropriate to prepare financial statements on the going concern basis and he does not include any adjustments that would result from withdrawal of support.

Taxation

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.

Fixed asset investments

Interests in jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 30 December 2023

202

Additions

49

At 29 December 2024

251

NET BOOK VALUE

At 29 December 2024

251

At 29 December 2023

202

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.12.24

29.12.23

£

£

Trade debtors

-

111,893

Amounts owed by group undertakings

8,253,426

7,668,087

Other debtors

7,610

366,808

8,261,036

8,146,788

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.12.24

29.12.23

£

£

Amounts owed to group undertakings

251

202

Taxation and social security

-

2,978

Other creditors

498,359

178,667

498,610

181,847

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.12.24

29.12.23

£

£

Other creditors

10,428,579

8,028,716

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.12.24

29.12.23

value:

£

£

100

Ordinary share capital

£1

100

100