Company Registration No. 12258254 (England and Wales)
HLG Management LTD
Unaudited accounts
for the year ended 31 March 2023
HLG Management LTD
Unaudited accounts
Contents
HLG Management LTD
Company Information
for the year ended 31 March 2023
Directors
Darren Turnbull
Grant Davison
Sinead Turnbull
Company Number
12258254 (England and Wales)
Registered Office
540 Chiswick High Road
Chiswick
London
W4 5RG
Accountants
The Accurate Accountant
20 Mortlake High Street
London
SW14 8JN
HLG Management LTD
Statement of financial position
as at 31 March 2023
Tangible assets
212,839
75,304
Cash at bank and in hand
458
734
Creditors: amounts falling due within one year
(1,081,727)
(380,150)
Net current liabilities
(924,261)
(346,535)
Total assets less current liabilities
(711,422)
(271,231)
Creditors: amounts falling due after more than one year
(49,441)
(50,000)
Net liabilities
(760,863)
(321,231)
Called up share capital
1
1
Profit and loss account
(760,864)
(321,232)
Shareholders' funds
(760,863)
(321,231)
For the year ending 31 March 2023 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 12 July 2023 and were signed on its behalf by
Darren Turnbull
Director
Company Registration No. 12258254
HLG Management LTD
Notes to the Accounts
for the year ended 31 March 2023
HLG Management LTD is a private company, limited by shares, registered in England and Wales, registration number 12258254. The registered office is 540 Chiswick High Road, Chiswick , London, W4 5RG.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
33.33% SL
The directors are satisfied that the group has adequate resources to continue to operate for the foreseeable future. For this reason they continue to adopt the going concern basis for preparing these financial statements
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
71,617
2,510
3,361
77,488
Additions
127,845
6,264
5,958
140,067
At 31 March 2023
199,462
8,774
9,319
217,555
At 1 April 2022
-
523
1,661
2,184
Charge for the year
-
2,167
365
2,532
At 31 March 2023
-
2,690
2,026
4,716
At 31 March 2023
199,462
6,084
7,293
212,839
At 31 March 2022
71,617
1,987
1,700
75,304
HLG Management LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Accrued income and prepayments
13,430
6,900
Other debtors
63,768
25,628
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
211,899
168,780
Taxes and social security
12,936
2,380
Other creditors
856,892
208,990
7
Creditors: amounts falling due after more than one year
2023
2022
The bank loan brought forward from the previous period has been reclassified as falling due after one year as the director has no plans to settle this within the coming period.
8
Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
149,141
149,141
Later than one year and not later than five years
596,564
596,564
Later than five years
447,423
596,564
Home Living Group Limited, 540 Chiswick High Road, Chiswick, London, W4 5RG Registration Number:12101827
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).