Company registration number 10002457 (England and Wales)
HACKENBUSH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
HACKENBUSH LIMITED
COMPANY INFORMATION
Director
Mr. Simon Blankleder
Company number
10002457
Registered office
Ramillies House
2 Ramillies Street
London
W1F 7LN
Accountants
F Winter & Co. LLP
Ramillies House
2 Ramillies Street
London
W1F 7LN
Business address
30 Woodlands
London
NW11 9QL
HACKENBUSH LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
HACKENBUSH LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Property, plant and equipment
6
1,043
1,965
Current assets
Trade and other receivables
8
23,610
21,524
Investments
9
90,183
90,173
Cash and cash equivalents
91,010
188,855
204,803
300,552
Current liabilities
10
(13,211)
(97,377)
Net current assets
191,592
203,175
Total assets less current liabilities
192,635
205,140
Equity
Called up share capital
101
101
Retained earnings
192,534
205,039
Total equity
192,635
205,140

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved and signed by the director and authorised for issue on 16 February 2026
Mr. Simon Blankleder
Director
Company Registration No. 10002457
HACKENBUSH LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -
Share capital
Retained earnings
Total
Notes
£
£
£
Balance at 1 March 2023
101
240,165
240,266
Year ended 28 February 2024:
Loss and total comprehensive income for the year
-
(31,126)
(31,126)
Dividends
-
(4,000)
(4,000)
Balance at 28 February 2024
101
205,039
205,140
Year ended 28 February 2025:
Loss and total comprehensive income for the year
-
(4,505)
(4,505)
Dividends
-
(8,000)
(8,000)
Balance at 28 February 2025
101
192,534
192,635
HACKENBUSH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
1
Company information

Hackenbush Limited is a private company limited by shares incorporated in England and Wales with registration number 10002457. The registered office is Ramillies House, 2 Ramillies Street, London, W1F 7LN.

2
Compliance with accounting standard

These financial statements have been prepared in accordance with the provisions of FRS 102 section 1A for small entities. There were no material departures from the standard.

3
Accounting policies
3.1
Accounting convention

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 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 £.

3.2
Revenue

Revenue represents income from investments in security dealings on own account.

Revenue is recognised when it can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

3.3
Property, plant and equipment

Property, plant and equipment 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:

Computers
20% p.a on a straight line basis

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.

3.4
Impairment of non-current 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.

3.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

HACKENBUSH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
3
Accounting policies
(Continued)
- 4 -
3.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3.7
Equity instruments

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at cost, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

3.8
Derivatives

The company enters into option contracts.

The options are initially recognised at cost at the date the contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

HACKENBUSH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
3
Accounting policies
(Continued)
- 5 -
3.9
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 income statement 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 taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing difference.

During the year, the company made no provision for deferred tax as the company has trading losses brought forward.

4
Employees

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

2025
2024
Number
Number
Total
1
1
5
Other gains and losses
2025
2024
£
£
Fair value gains/(losses)
Change in value of financial assets held at fair value through profit or loss
(45,224)
(20,962)
Change in the value of financial liabilities held at fair value through profit or loss
53,122
2,808
Amounts written back to fair value through profit or loss
16,902
23,652
24,800
5,498
HACKENBUSH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
6
Property, plant and equipment
Plant and machinery etc
£
Cost
At 29 February 2024 and 28 February 2025
8,718
Depreciation and impairment
At 29 February 2024
6,751
Depreciation charged in the year
924
At 28 February 2025
7,675
Carrying amount
At 28 February 2025
1,043
At 28 February 2024
1,967
7
Financial instruments
2025
2024
£
£
Carrying amount of financial assets include:
Instruments measured at fair value through profit or loss
112,941
110,855
8
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Derivative financial instruments
23,610
21,524
9
Current asset investments
2025
2024
£
£
Other investments
90,183
90,173

Other investments represent investments held in shares. The investments were initially recognised at cost and subsequently at fair value with any gain or losses released to profit and loss if those investments are still held as at the year end. Any profit or loss on disposal of those investments was reflected in the income statement accordingly.

HACKENBUSH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 7 -
10
Current liabilities
2025
2024
£
£
Bank loans and overdrafts
355
-
0
Other payables
2,560
87,081
Accruals and deferred income
10,296
10,296
13,211
97,377

Other payables include financial liabilities which have been measured at fair value with any gain or losses recognised in profit and loss.

11
Directors' transactions

Dividends totalling £8,000 (2024 - £4,000) were paid in the year in respect of shares held by the company's director.

12
Control

The ultimate controlling party is the director, Mr. Simon Blankleder, who owns the entire shareholding of the company.

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