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Company Registration No. 05136468 (England and Wales)
HBC Investments (23 Charlotte Road) Ltd. Unaudited accounts for the year ended 31 October 2025
HBC Investments (23 Charlotte Road) Ltd. Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
5
2,700,000
2,700,000
Current assets
Debtors
6
1,329,985
1,288,959
Cash at bank and in hand
25,640
17,207
1,355,625
1,306,166
Creditors: amounts falling due within one year
7
(278,810)
(172,447)
Net current assets
1,076,815
1,133,719
Total assets less current liabilities
3,776,815
3,833,719
Creditors: amounts falling due after more than one year
8
(1,818,000)
(1,818,000)
Net assets
1,958,815
2,015,719
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
1,958,715
2,015,619
Shareholders' funds
1,958,815
2,015,719
For the year ending 31 October 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2026 and were signed on its behalf by
Creighton Boyd Director Company Registration No. 05136468
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HBC Investments (23 Charlotte Road) Ltd. Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
HBC Investments (23 Charlotte Road) Ltd. is a private company, limited by shares, registered in England and Wales, registration number 05136468. The registered office is 14 Holywell Row, London, EC2A 4JB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors believe that HBC Investments (23 Charlotte Road) Ltd has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, HBC Investments (23 Charlotte Road) Ltd continues to adopt the going concern basis in preparation of its financial statements.
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and revenue can be measured reliably. Revenue from a contract to provide rental services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
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HBC Investments (23 Charlotte Road) Ltd. Notes to the Accounts for the year ended 31 October 2025
Taxation and Deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 November 2024
4,449
At 31 October 2025
4,449
Depreciation
At 1 November 2024
4,449
At 31 October 2025
4,449
Net book value
At 31 October 2025
-
5
Investment property
2025
£
Fair value at 1 November 2024
2,700,000
At 31 October 2025
2,700,000
The Directors considered the valuation of the investment properties on 31 October 2025 and deemed it appropriate. The profit and loss account includes £1,585,069 of accumulated non-distributable reserves relating to fair value uplifts recognised on investment properties (2024: £1,585,069).
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
31,889
4,225
Amounts due from group undertakings etc.
1,295,449
1,273,849
Other debtors
2,647
10,885
1,329,985
1,288,959
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
12,725
-
Trade creditors
16,873
16,444
Other creditors
203,563
128,133
Accruals
45,649
27,870
278,810
172,447
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HBC Investments (23 Charlotte Road) Ltd. Notes to the Accounts for the year ended 31 October 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,818,000
1,818,000
Security is provided on the loans by way of fixed and floating charge over the assets of the company.
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
Included in debtors are amounts due from connected companies of £1,295,449 (2024: £1,273,849).
11
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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