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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
Page
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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
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HLG Management LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
212,839 
75,304 
Current assets
Debtors
157,008 
32,881 
Cash at bank and in hand
458 
734 
157,466 
33,615 
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)
Capital and reserves
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
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HLG Management LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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.
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:
Plant & machinery
25% RB
Computer equipment
33.33% SL
Going concern
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 
Depreciation
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 
Net book value
At 31 March 2023
199,462 
6,084 
7,293 
212,839 
At 31 March 2022
71,617 
1,987 
1,700 
75,304 
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HLG Management LTD Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
25,810 
353 
Trade debtors
54,000 
- 
Accrued income and prepayments
13,430 
6,900 
Other debtors
63,768 
25,628 
157,008 
32,881 
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 
1,081,727 
380,150 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
49,441 
50,000 
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 
1,193,128 
1,342,269 
9
Controlling party
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).
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