Hemmerling Estates Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13700189 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Hemmerling Estates Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

56,667

76,667

Investments

5

5,774,128

5,830,795

5,850,795

CURRENT ASSETS

Debtors

6

348

25,549

Cash at bank

141,658

92,170

142,006

117,719

CREDITORS

Amounts falling due within one year

7

290,542

298,733

NET CURRENT LIABILITIES

(148,536

)

(181,014

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,682,259

5,669,781

CREDITORS

Amounts falling due after more than one
year

8

4,959,168

5,240,821

NET ASSETS

723,091

428,960

CAPITAL AND RESERVES

Called up share capital

10

201

Retained earnings

722,890

428,759

SHAREHOLDERS' FUNDS

723,091

428,960

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 her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

Dr A R Thorne - Director

1.	STATUTORY INFORMATION

Hemmerling Estates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13700189

Registered office:

52 Harley Street

London

W1G 9PY

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

100,000

DEPRECIATION

At 1 April 2024

23,333

Charge for year

20,000

At 31 March 2025

43,333

NET BOOK VALUE

At 31 March 2025

56,667

At 31 March 2024

76,667

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

5,774,128

NET BOOK VALUE

At 31 March 2025

5,774,128

At 31 March 2024

5,774,128

The company's investments at the Balance Sheet date is the entire share capital of Harley Street Studio Limited (company number 12972976) who provide dental and cosmetic dental services.

The investment is recognised at cost (based on a valuation prepared at the various dates of acquisition), and is inclusive of stamp duty, legal fees and other costs associated with the acquisition.

Investment values have been considered by the Director in regards to their current market value. No valuation adjustment is considered necessary at the year end.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed by associates

348

25,348

Directors' current accounts

-

201

348

25,549

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

288,693

295,733

Directors' current accounts

49

-

Accrued expenses

1,800

3,000

290,542

298,733

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans - 2-5 years

4,959,168

5,240,821

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

5,247,861

5,536,554

The long-term loans are secured by a mortgage debenture in favor of Lloyds Bank plc dated 1 September 2022 containing fixed and floating charges over all the property and / or undertakings of the company.

The company has also entered into a cross party guarantee dated 1 September 2022 with Harley Street Studio Limited guaranteeing the loan payments.

To facilitate the acquisition of investments in the year, the company has entered into a loan arrangement with Lloyds Bank plc. The loan is repayable on a 5 year term (with the option to extend) at interest rates of 1.68% above base rate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

200

Ordinary

£1

200

1

Ordinary A

£1

1

201

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Dr A R Thorne

Balance outstanding at start of year

201

100

Amounts advanced

275,100

101

Amounts repaid

(275,350

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(49

)

201

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr A R Thorne.