REGISTERED NUMBER: 13158890 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

HHACK DEVELOPMENTS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A H Hamza

REGISTERED OFFICE:

Langley House

53 Theobald Street

Borehamwood

WD6 4RT

REGISTERED NUMBER:

13158890 (England and Wales)

ACCOUNTANTS:

Accura Accountants Ltd

Langley House

53 Theobald Street

Borehamwood

WD6 4RT

FIXED ASSETS

Investment property

4

400,000

400,000

CURRENT ASSETS

Debtors

5

79,336

79,908

Cash at bank and in hand

61

1,216

79,397

81,124

CREDITORS

Amounts falling due within one year

6

5,766

2,972

NET CURRENT ASSETS

73,631

78,152

TOTAL ASSETS LESS CURRENT LIABILITIES

473,631

478,152

CREDITORS

Amounts falling due after more than one year

7

(318,000

)

(318,000

)

PROVISIONS FOR LIABILITIES

(42,353

)

(42,353

)

NET ASSETS

113,278

117,799

CAPITAL AND RESERVES

Called up share capital

1

1

Undistributable reserve

8

127,058

127,058

Retained earnings

8

(13,781

)

(9,260

)

113,278

117,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2026 and were signed by:

A H Hamza - Director

1.	STATUTORY INFORMATION

HHack Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficits arising from changes in fair value is recognised in profit or loss.

This is a departure from the Companies Act which requires assets to be depreciated. However, in the opinion of the directors, property is held primarily for their investment potential and so fair value is of more significance as a measure of consumption. They therefore have applied a true and fair override with respect to investment properties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

and 30 June 2025

400,000

NET BOOK VALUE

At 30 June 2025

400,000

At 30 June 2024

400,000

Fair value at 30 June 2025 is represented by:

£

Valuation in 2024

169,411

Cost

230,589

400,000

The valuation was carried out on 10 January 2024 by a qualified professional. The director believes there has been no material movement in the market value since the last valuation carried out.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Other debtors

79,336

79,908

Included in other debtors due within one year are prepayments of £157 (2024: £157)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

(1

)

1

Amounts owed to group undertakings

2,806

-

Other creditors

2,961

2,971

5,766

2,972

Included in other creditors due within one year are accrued expenses of £900 (2023: £Nil)

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

318,000

318,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

318,000

318,000

8.

RESERVES

Retained

Undistributable

earnings

reserve

Totals

£

£

£

At 1 July 2024

(9,260

)

127,058

117,798

Deficit for the year

(4,521

)

(4,521

)

At 30 June 2025

(13,781

)

127,058

113,277

Undistributable reserve of £127,058 (2024: £127,058) represents the fair value adjustment of the investment properties less deferred tax. FRS 102 section 1A requires that the changes in fair value be recognised in the profit and loss, but that the fair value gains cannot be distributed to the shareholders as a dividend.

Deferred tax of £42,353 (2024: £42,353) has been provided on the investment property in accordance with the requirements of FRS 102 section 1A based on the potential capital gains tax payable if the properties were to be disposed of at a fair value. The deferred tax has been calculated based on the current corporation tax rate at 25%.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 June 2025 and the period ended 30 June 2024:

30.6.25

30.6.24

£

£

A H Hamza

Balance outstanding at start of year

79,229

(147,844

)

Amounts advanced

8,862

309,658

Amounts repaid

(88,352

)

(82,585

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(261

)

79,229

Included within the amount advanced is interest of £Nil (2024: £1,743 charged at HMRC prescribed rate on the outstanding loan balance. The overdrawn loan balance is repayable on demand and personally guaranteed by the director.