COMPANY REGISTRATION NUMBER:
2259243
|
Filleted Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2025
Current assets
|
Cash at bank and in hand |
135,429 |
|
147,198 |
|
|
|
|
|
Creditors: amounts falling due within one year |
3 |
740,000 |
|
740,000 |
|
--------- |
|
--------- |
|
Net current liabilities |
|
604,571 |
592,802 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
(
604,571) |
(
592,802) |
|
|
--------- |
--------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
200 |
200 |
|
Profit and loss account |
|
(
604,771) |
(
593,002) |
|
|
--------- |
--------- |
|
Shareholders deficit |
|
(
604,571) |
(
592,802) |
|
|
--------- |
--------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
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 were approved by the
board of directors
and authorised for issue on
16 December 2025
, and are signed on behalf of the board by:
Company registration number:
2259243
|
Notes to the Financial Statements |
|
Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Eastcastle House, 27/28 Eastcastle Street, London, W1W 8DH, United Kingdom.
2.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have confirmed they will continue supporting the company for the forseeable future and they will not seek repayment of the loan due to them until such time the company is in a position to do so. A legal claim from a third party has been made against the company. The directors believe the company has good prospects of successfully defending the claim. If the legal claim was successful this would cast a significant doubt on the company's ability to continue as a going concern.
3.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
54,000 |
54,000 |
|
Other creditors |
686,000 |
686,000 |
|
--------- |
--------- |
|
740,000 |
740,000 |
|
--------- |
--------- |
|
|
|
4.
Contingencies
A contingent liability exists which is a legal claim against
Hawkins Brown Limited
. The directors believe the company has good prospects of successfully defending the claim. The impact of the claim cannot be estimated reliably. The company has provided a cross guarantee with other members of the group as part of the security for any liabilities existing or future owed to Barclays by any of those entities.
5.
Summary audit opinion
The auditor's report dated
16 December 2025
was
unqualified
.
The senior statutory auditor was
P Mattei
, for and on behalf of
Leaman Mattei
.
6.
Related party transactions
The Company has taken advantage of the exemption granted by paragraph 33.1(a) of FRS102, Related Party Disclosures, not to disclose transactions with group members which are wholly owned subsidiaries of the group. Included in Other creditors are amounts owing to the Directors of £686,000 (2024: £686,000). The loans are interest free and repayable on demand.
7.
Controlling party
The parent undertaking, HB Holdings 2020 Limited is a company registered in England and Wales. HB Holdings 2020 Limited is a wholly owned subsidiary of Hawkins Brown Architecture Limited.