Silverfin false 30/04/2023 01/05/2022 30/04/2023 N Kalms 17/07/2017 B Radstone 17/07/2017 24 October 2023 The principal activity of Hyjan Group Ltd "the Company" is that of a holding company. 10868492 2023-04-30 10868492 bus:Director1 2023-04-30 10868492 bus:Director2 2023-04-30 10868492 2022-04-30 10868492 core:CurrentFinancialInstruments 2023-04-30 10868492 core:CurrentFinancialInstruments 2022-04-30 10868492 core:ShareCapital 2023-04-30 10868492 core:ShareCapital 2022-04-30 10868492 core:RetainedEarningsAccumulatedLosses 2023-04-30 10868492 core:RetainedEarningsAccumulatedLosses 2022-04-30 10868492 core:CostValuation 2022-04-30 10868492 core:CostValuation 2023-04-30 10868492 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2023-04-30 10868492 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2022-04-30 10868492 core:CurrentFinancialInstruments 1 2023-04-30 10868492 core:CurrentFinancialInstruments 1 2022-04-30 10868492 bus:OrdinaryShareClass1 2023-04-30 10868492 2022-05-01 2023-04-30 10868492 bus:FullAccounts 2022-05-01 2023-04-30 10868492 bus:SmallEntities 2022-05-01 2023-04-30 10868492 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 10868492 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10868492 bus:Director1 2022-05-01 2023-04-30 10868492 bus:Director2 2022-05-01 2023-04-30 10868492 2021-05-01 2022-04-30 10868492 core:Subsidiary1 2022-05-01 2023-04-30 10868492 core:Subsidiary1 1 2022-05-01 2023-04-30 10868492 core:Subsidiary1 1 2021-05-01 2022-04-30 10868492 core:Subsidiary2 2022-05-01 2023-04-30 10868492 core:Subsidiary2 1 2022-05-01 2023-04-30 10868492 core:Subsidiary2 1 2021-05-01 2022-04-30 10868492 core:Subsidiary3 2022-05-01 2023-04-30 10868492 core:Subsidiary3 1 2022-05-01 2023-04-30 10868492 core:Subsidiary3 1 2021-05-01 2022-04-30 10868492 core:Subsidiary4 2022-05-01 2023-04-30 10868492 core:Subsidiary4 1 2022-05-01 2023-04-30 10868492 core:Subsidiary4 1 2021-05-01 2022-04-30 10868492 core:CurrentFinancialInstruments 2022-05-01 2023-04-30 10868492 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 10868492 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 10868492 (England and Wales)

HYJAN GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

HYJAN GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

HYJAN GROUP LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2023
HYJAN GROUP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 520 520
520 520
Current assets
Debtors 4 484,491 52,300
Cash at bank and in hand 2,767 3,469
487,258 55,769
Creditors: amounts falling due within one year 5 ( 487,514) ( 56,024)
Net current liabilities (256) (255)
Total assets less current liabilities 264 265
Net assets 264 265
Capital and reserves
Called-up share capital 6 164 164
Profit and loss account 100 101
Total shareholders' funds 264 265

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hyjan Group Limited (registered number: 10868492) were approved and authorised for issue by the Director. They were signed on its behalf by:

N Kalms
Director
B Radstone
Director

24 October 2023

HYJAN GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
HYJAN GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

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

General information and basis of accounting

Hyjan Group 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 35 Ballards Lane, London, N3 1XW.

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 £.

Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 May 2022 520
At 30 April 2023 520
Carrying value at 30 April 2023 520
Carrying value at 30 April 2022 520

Investments in shares

Name of entity Registered office Nature of business Class of
shares
Ownership
30.04.2023
Ownership
30.04.2022
Hyjan Investments (Holdings) Limited 35 Ballards Lane, London, N3 1XW Development of building projects Ordinary 100.00% 100.00%
Youspotproperty.com Ltd 35 Ballards Lane, London, N3 1XW Property traders Ordinary 100.00% 100.00%
Hyjan Housing Limited 35 Ballards Lane, London, N3 1XW Development of building projects Ordinary 100.00% 100.00%
Hyjan Research Limited 215 West End Lane, London, NW6 1XJ Aiding the repatriation of assets Ordinary 100.00% 100.00%

4. Debtors

2023 2022
£ £
Amounts owed by connected companies 484,491 52,000
Prepayments 0 300
484,491 52,300

Amounts owed by connected companies are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to connected companies 484,690 54,600
Amounts owed to directors 424 424
Accruals 2,400 1,000
487,514 56,024

Amounts owed to connected companies are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
164 Ordinary shares of £ 1.00 each 164 164