Company Registration No. 11866281 (England and Wales)
HB 5 Group Limited
Unaudited accounts
for the year ended 31 March 2023
HB 5 Group Limited
Unaudited accounts
Contents
HB 5 Group Limited
Company Information
for the year ended 31 March 2023
Directors
Mr H J Singh
Mrs B K Sheri
Miss A A P K Sheri
Mr A S Landa
Company Number
11866281 (England and Wales)
Registered Office
35 Gripps Common
Cotgrave
Nottingham
NG12 3TF
ENGLAND
Accountants
Net Accountancy Solutions Limited
35 Gripps Common
Cotgrave
Nottingham
Nottinghamshire
NG12 3TF
HB 5 Group Limited
Statement of financial position
as at 31 March 2023
Investment property
100,853
-
Cash at bank and in hand
59,067
200
Creditors: amounts falling due within one year
(154,525)
-
Net current (liabilities)/assets
(95,458)
200
Called up share capital
200
200
Profit and loss account
5,195
-
Shareholders' funds
5,395
200
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 22 December 2023 and were signed on its behalf by
Mrs B K Sheri
Director
Company Registration No. 11866281
HB 5 Group Limited
Notes to the Accounts
for the year ended 31 March 2023
HB 5 Group Limited is a private company, limited by shares, registered in England and Wales, registration number 11866281. The registered office is 35 Gripps Common, Cotgrave, Nottingham, NG12 3TF, ENGLAND.
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.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the rent received in the normal course of business and is shown net of VAT and other sales related taxes.
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which
includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting
end date. Changes in fair value are recognised in profit or loss.
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,218
-
Loans from directors
152,947
-
6
Transactions with related parties
The investment property comprises a property previously owned by director Miss A A Sheri which was transferred into the company ownership at a valuation of £97,000. This is then shown as a balance on the director's loan account. At the end of the year the amount owed to the directors totalled £152,947. The amount is interest free and repayable on demand.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).