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REGISTERED NUMBER: 13790429 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

HEXLEY GROUP LIMITED

HEXLEY GROUP LIMITED (REGISTERED NUMBER: 13790429)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEXLEY GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: J Flood
Mrs M A Phelps



REGISTERED OFFICE: Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



REGISTERED NUMBER: 13790429 (England and Wales)



ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



BANKERS: Natwest Bank PLC
52 West Street
Fareham
Hampshire
PO16 0JX

HEXLEY GROUP LIMITED (REGISTERED NUMBER: 13790429)

BALANCE SHEET
30TH NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 402,529 368,593
Investments 5 759,556 759,554
1,162,085 1,128,147

CURRENT ASSETS
Debtors 6 1,578 -
Cash at bank 165,295 -
166,873 -
CREDITORS
Amounts falling due within one year 7 792,028 685,607
NET CURRENT LIABILITIES (625,155 ) (685,607 )
TOTAL ASSETS LESS CURRENT LIABILITIES 536,930 442,540

CREDITORS
Amounts falling due after more than one year 8 (193,897 ) (188,762 )

PROVISIONS FOR LIABILITIES (20,632 ) (9,233 )
NET ASSETS 322,401 244,545

CAPITAL AND RESERVES
Called up share capital 10 90 88
Revaluation reserve 11 20,000 -
Other reserves 155,450 155,450
Retained earnings 146,861 89,007
SHAREHOLDERS' FUNDS 322,401 244,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HEXLEY GROUP LIMITED (REGISTERED NUMBER: 13790429)

BALANCE SHEET - continued
30TH NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th February 2024 and were signed on its behalf by:





J Flood - Director


HEXLEY GROUP LIMITED (REGISTERED NUMBER: 13790429)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

Hexley Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HEXLEY GROUP LIMITED (REGISTERED NUMBER: 13790429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where 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.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

Revaluation reserve
Surpluses and deficits to the extent that any deficit is regarded as temporary, arising from the valuations of properties are taken direct to the revaluation reserve. Where a permanent diminution in the value of an individual property is identified, the deficit is eliminated first against any revaluation reserve in respect of that property with any excess being charged to the profit and loss account. Valuation surpluses or deficits realised on sale are transferred from the revaluation reserve to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1st December 2022 320,000 8,047 -
Additions - - 1,392
Disposals - - -
Revaluations 20,000 - -
At 30th November 2023 340,000 8,047 1,392
DEPRECIATION
Charge for year - 2,012 348
At 30th November 2023 - 2,012 348
NET BOOK VALUE
At 30th November 2023 340,000 6,035 1,044
At 30th November 2022 320,000 8,047 -

HEXLEY GROUP LIMITED (REGISTERED NUMBER: 13790429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1st December 2022 40,546 - 368,593
Additions 32,554 1,789 35,735
Disposals (758 ) - (758 )
Revaluations - - 20,000
At 30th November 2023 72,342 1,789 423,570
DEPRECIATION
Charge for year 18,085 596 21,041
At 30th November 2023 18,085 596 21,041
NET BOOK VALUE
At 30th November 2023 54,257 1,193 402,529
At 30th November 2022 40,546 - 368,593

Cost or valuation at 30th November 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2023 340,000 8,047 1,392

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2023 72,342 1,789 423,570

If the freehold property had not been revalued it would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 320,000 320,000

HEXLEY GROUP LIMITED (REGISTERED NUMBER: 13790429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st December 2022 759,554
Additions 2
At 30th November 2023 759,556
NET BOOK VALUE
At 30th November 2023 759,556
At 30th November 2022 759,554

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 1,578 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 6,057 17,248
Amounts owed to group undertakings 785,971 668,359
792,028 685,607

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 193,897 188,762

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 169,670 119,762

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 199,954 206,010

National Westminster Bank plc holds a fixed and floating charge over all assets. Floating charge covers all property undertakings of the company.

HEXLEY GROUP LIMITED (REGISTERED NUMBER: 13790429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
88 Ordinary 'A' £1 88 88
1 Ordinary C £1 1 -
89 88

The following shares were issued during the year for cash at par :

1 Ordinary C share of £1

11. RESERVES
Revaluation
reserve
£   
Revaluation reserve 20,000

At 30th November 2023 20,000