Company No: 16185683 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr Carmelo Fallea
	Mrs Anita Fallea

REGISTERED OFFICE	12c Hipps Estate Agents
	Worplesdon Road
	Guildford
	United Kingdom

COMPANY NUMBER

16185683 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

	Note	2026
		£
Fixed assets
Tangible assets	3	135
		135
Current assets
Debtors	4	63,044
Cash at bank and in hand	5	101,204
		164,248
Creditors: amounts falling due within one year	6	( 77,271)
Net current assets		86,977
Total assets less current liabilities		87,112
Net assets		87,112
Capital and reserves
Called-up share capital	7	2
Profit and loss account		87,110
Total shareholders' funds		87,112

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Hipps Property Limited (registered number: 16185683) were approved and authorised for issue by the Board of Directors on 13 October 2026. They were signed on its behalf by:

Mr Carmelo Fallea Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.

General information and basis of accounting

Hipps Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 12c Hipps Estate Agents, Worplesdon Road , Guildford, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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 balance sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

	2026
	Number
Monthly average number of persons employed by the Company during the year, including directors	6

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 February 2025	0		0
Additions	141		141
At 31 January 2026	141		141
Accumulated depreciation
At 01 February 2025	0		0
Charge for the financial year	6		6
At 31 January 2026	6		6
Net book value
At 31 January 2026	135		135

4. Debtors

	2026
	£
Trade debtors	619
Prepayments	12,423
Other debtors	50,002
	63,044

5. Cash and cash equivalents

	2026
	£
Cash at bank and in hand	101,204

6. Creditors: amounts falling due within one year

	2026
	£
Trade creditors	15,098
Taxation and social security	45,730
Other creditors	16,443
	77,271

7. Called-up share capital

	2026
	£
Allotted, called-up and fully-paid
2 ordinary shares of £ 1.00 each	2