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Registered number: 11248979
Hygge Property Limited
Unaudited Financial Statements
For the Period 1 April 2024 to 30 September 2025
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11248979
30 September 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 158,814
- 158,814
CURRENT ASSETS
Debtors 5 9,412 10,088
Cash at bank and in hand 83,931 314
93,343 10,402
Creditors: Amounts Falling Due Within One Year 6 (125,295 ) (157,819 )
NET CURRENT ASSETS (LIABILITIES) (31,952 ) (147,417 )
TOTAL ASSETS LESS CURRENT LIABILITIES (31,952 ) 11,397
PROVISIONS FOR LIABILITIES
Deferred Taxation - (6,546 )
NET (LIABILITIES)/ASSETS (31,952 ) 4,851
CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve - 27,916
Profit and Loss Account (32,052 ) (23,165 )
SHAREHOLDERS' FUNDS (31,952) 4,851
Page 1
Page 2
For the period ending 30 September 2025 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Tingsager
Director
08/06/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hygge Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11248979 . The registered office is 48 Osborne Road, Brighton, BN1 6LQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% reducing balance basis
2.4. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 April 2024 157,000 5,670 162,670
Additions - 1,920 1,920
Disposals (157,000 ) (7,590 ) (164,590 )
As at 30 September 2025 - - -
Depreciation
As at 1 April 2024 - 3,856 3,856
Disposals - (3,856 ) (3,856 )
As at 30 September 2025 - - -
...CONTINUED
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Page 4
Net Book Value
As at 30 September 2025 - - -
As at 1 April 2024 157,000 1,814 158,814
5. Debtors
30 September 2025 31 March 2024
£ £
Due within one year
Trade debtors 24 -
Prepayments and accrued income - 4,100
Other debtors (1) 9,388 5,988
9,412 10,088
6. Creditors: Amounts Falling Due Within One Year
30 September 2025 31 March 2024
£ £
Trade creditors - (1 )
Accruals and deferred income 100 -
Directors' loan accounts 125,195 157,820
125,295 157,819
7. Share Capital
30 September 2025 31 March 2024
Allotted, called up and fully paid £ £
40 Ordinary A shares of £ 1.000 each 40 40
40 Ordinary B shares of £ 1.000 each 40 40
10 Ordinary C shares of £ 1.000 each 10 10
10 Ordinary D shares of £ 1.000 each 10 10
100 100
8. Ultimate Controlling Party
There is no ultimate controlling party due to no shareholder owning over 50% of the total issued share capital in the company.
Page 4