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# HODICO LTD

## Company Registration Number:
08536835 (England and Wales)

## Unaudited statutory accounts for the year ended 31 December 2024

## Period of accounts

## Start date: 1 January 2024

## End date: 31 December 2024

# HODICO LTD

## Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet |
Additional notes |
Balance sheet notes |

# HODICO LTD

## Balance sheet

As at 31 December 2024

| Notes | 2024 | 2023
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 0 | 0
Fixed assets
Tangible assets: | 3 | 5,910,352 | 7,759,933
Total fixed assets: |  | 5,910,352 | 7,759,933
Current assets
Debtors: | 4 | 671,896 | 42,840
Cash at bank and in hand: |  | 9,355 | 14,245
Total current assets: |  | 681,251 | 57,085
Creditors: amounts falling due within one year: | 5 | ( 223,675 ) | ( 3,401,253 )
Net current assets (liabilities): |  | 457,576 | (3,344,168)
Total assets less current liabilities: |  | 6,367,928 | 4,415,765
Creditors: amounts falling due after more than one year: | 6 | ( 6,358,419 ) | ( 3,207,144 )
Provision for liabilities: |  | ( 4,124 ) | ( 584,994 )
Total net assets (liabilities): |  | 5,385 | 623,627
Capital and reserves
Called up share capital: |  | 99 | 99
Other reserves: |  | 63,600 | 1,388,419
Profit and loss account: |  | (58,314 ) | (764,891 )
Total Shareholders' funds: |  | 5,385 | 623,627

The notes form part of these financial statements

# HODICO LTD

## Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 19 March 2026
and signed on behalf of the board by:

Name: Diluk Dias
Status: Director

The notes form part of these financial statements

# HODICO LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  The Company's turnover comprises rental income to tenants shown net of value added tax. Leases to tenants where substantially all the risks and rewards of ownership are retained by the company as lessor, are classified as operating leases. Rental income from investment property leased out under an operating lease is recognised in the Income Statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.

  Tangible fixed assets depreciation policy

  With the exception of investment properties, property, plant and equipment are stated at cost less accumulated depreciation. Cost includes expenditure that is directly attributable to the acquisition of the items. Depreciation of property, plant and equipment is calculated by the straight-line method to allocate their residual values over their useful economic lives assessed as five years or three years in the case of computer equipment. The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at each reporting date. An asset's carrying amount is written down immediately to its recoverable amount if the asset's carrying amount is greater than its estimated recoverable amount. Assets are derecognised on disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying value of the asset) is included in the Income Statement in the period in which the item is derecognised.

  Valuation information and policy

  Investment properties, including leasehold land and buildings, are those which are held either to earn rental income or for capital appreciation or both. Investment properties are initially measured at cost, including transaction costs. After initial recognition Investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real-estate, adjusted if necessary for difference in the nature, location or condition of the specific asset. Any surplus or deficit on revaluation is initially recognised in the Income Statement and transferred to the fair value reserve as a movement on reserves. Profits and losses on the disposal of investment properties are recognised on unconditional exchange of contracts and are calculated by reference to book value and are included in the Income Statement. On the disposal or recognition of a provision for impairment of a revalued asset, any related balance remaining in the fair value reserve is also transferred to retained earnings as a movement on reserves.

  Other accounting policies

  INTEREST RECEIVABLE Interest receivable on cash at bank is recognised in the Income Statement as it is earned. INTEREST PAYABLE Interest payable is recognised in the Income Statement in the year in which it is incurred. TAXATION The tax expense included in the Income Statement comprises current and deferred tax. The taxation charge for current tax is based on the results of the year, as adjusted for items which are non-assessable or disallowed. It is calculated using the tax rates that have been enacted or substantively enacted at the reporting date and includes any adjustment to tax payable in respect of previous periods. DEFERRED TAX Deferred tax is recognised on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates and laws that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax assets and liabilities are offset where there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred tax assets and liabilities relate to income taxes levied by the same fiscal authority on either the taxable entity or different taxable entities and where there is an intention to settle the balances on a net basis. CASH AND CASH EQUIVALENTS Cash at bank and in hand comprises cash and demand deposits which are readily convertible to a known amount of cash and are subject to insignificant risk of changes in value. LEASES Leases to tenants where substantially all the risks and rewards of ownership are retained by the company as lessor, are classified as operating leases. Payments made under operating leases, including prepayments, and net of any incentives provided by the company, are charged to the Income Statement on a straight-line basis over the period of the lease. CREDITORS Short term creditors are measured at the transaction price. BORROWINGS Interest bearing borrowings are initially recorded at fair value, which equals the proceeds received, net of direct issue costs. Finance charges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an effective interest rate method and are added to the carrying amount of the instrument to the extent that they are not settled in the period in which they arise. EXCEPTIONAL ITEMS Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

# HODICO LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 2. Employees

  | 2024 | 2023
  --- | --- | ---
  Average number of employees during the period | 3 | 4

# HODICO LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 January 2024 | 7,459,950 | 563,005 | 645,709 | 3,236 |  | 8,671,900
Additions |  |  |  |  |  |
Disposals |  |  |  |  |  |
Revaluations | 1,634,950 |  |  |  |  | 1,634,950
Transfers |  |  |  |  |  |
At 31 December 2024 | 5,825,000 | 563,005 | 645,709 | 3,236 |  | 7,036,950
Depreciation |  |  |  |  |  |
At 1 January 2024 |  | 402,799 | 506,233 | 2,935 |  | 911,967
Charge for year |  | 117,595 | 97,032 | 4 |  | 214,631
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 December 2024 |  | 520,394 | 603,265 | 2,939 |  | 1,126,598
Net book value |  |  |  |  |  |
At 31 December 2024 | 5,825,000 | 42,611 | 42,444 | 297 |  | 5,910,352
At 31 December 2023 | 7,459,950 | 160,206 | 139,476 | 301 |  | 7,759,933

# HODICO LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 4. Debtors

| 2024 | 2023
--- | --- | ---
| £ | £
Trade debtors | 656,141 | 36,400
Prepayments and accrued income | 15,755 | 6,440
Total | 671,896 | 42,840
Debtors due after more than one year: | 656,141 |

# HODICO LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 5. Creditors: amounts falling due within one year note

| 2024 | 2023
--- | --- | ---
| £ | £
Bank loans and overdrafts | 184,896 | 404,670
Taxation and social security | 15,844 | 10,228
Accruals and deferred income | 9,185 | 24,417
Other creditors | 13,750 | 2,961,938
Total | 223,675 | 3,401,253

# HODICO LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 6. Creditors: amounts falling due after more than one year note

| 2024 | 2023
--- | --- | ---
| £ | £
Bank loans and overdrafts | 3,266,548 | 3,207,144
Other creditors | 3,091,871 |
Total | 6,358,419 | 3,207,144