HVM NORTH LIMITED - Filleted accounts

Registered number

10921673

HVM NORTH LIMITED

Filleted Accounts

31 August 2025

HVM NORTH LIMITED
Registered number:		10921673
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		-			507,251

Current assets
Debtors	4	1,103,883			200,000
Cash at bank and in hand		42,683			51,926
		1,146,566			251,926

Creditors: amounts falling due within one year	5	(156,745)			1,242

Net current assets			989,821			253,168

Total assets less current liabilities			989,821			760,419

Creditors: amounts falling due after more than one year	6		(923,500)			(592,000)



Net assets			66,321			168,419

Capital and reserves
Called up share capital			600			600
Profit and loss account			65,721			167,819

Shareholders' funds			66,321			168,419

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ebrahim Kassim Bassa
Director
Approved by the board on 12 May 2026

HVM NORTH LIMITED
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.




2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	4		4
	Including directors

3	Investments

Other
investments
£
	Cost
	At 1 September 2024			507,251
	Additions/adjustments			102,761
	Transferred to group undertaking			(610,012)

	At 31 August 2025			-


4	Debtors	2025		2024
£			£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,103,883		200,000


5	Creditors: amounts falling due within one year	2025		2024
£			£

	Taxation and social security costs	147,545		(5,442)
	Accruals	1,000		1,000
	Other creditors	8,200		3,200
		156,745		(1,242)


6	Creditors: amounts falling due after one year	2025		2024
£			£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest	923,500		592,000


7	Related party transactions

	During the year the company transferred property assets with a net book value of £610,012 to its wholly owned subsidiary, Unicorn Developments Ltd for consideration of £505,016. A loss on disposal of £101,038 was recognised in the profit and loss account.The amounts owed by the subsidiary undertakings has been increased accordingly.


8	Controlling party

	The company's ultimate controlling party is Munshi Holdings Limited by virtue of ownership of 75% of the issued share capital in the company.


9	Other information

	HVM NORTH LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	1 Preston Road
	Whittle Le Woods
	Chorley
	Lancashire
	PR6 7PE