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REGISTERED NUMBER: 12315813 (England and Wales)













Financial Statements

for the Year Ended 30 June 2023

for

HFH (NE) Limited

HFH (NE) Limited (Registered number: 12315813)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HFH (NE) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: B Williamson
R Jackson
S J Hunter



REGISTERED OFFICE: 45 Dukesway
Teesside Industrial Estate
Stockton-on-Tees
TS17 9LT



REGISTERED NUMBER: 12315813 (England and Wales)



SENIOR STATUTORY AUDITOR: Kevin Shotton BA BFP FCA



AUDITORS: Clive Owen LLP
Chartered Accountants
& Statutory Auditors
140 Coniscliffe Road
Darlington
County Durham
DL3 7RT

HFH (NE) Limited (Registered number: 12315813)

Balance Sheet
30 June 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,834 3,926

CURRENT ASSETS
Stocks 5 335 335
Debtors 6 43,094 30,814
Cash at bank and in hand 3,646 2,827
47,075 33,976
CREDITORS
Amounts falling due within one year 7 105,692 48,727
NET CURRENT LIABILITIES (58,617 ) (14,751 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(55,783

)

(10,825

)

PROVISIONS FOR LIABILITIES 9 513 754
NET LIABILITIES (56,296 ) (11,579 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (56,396 ) (11,679 )
SHAREHOLDERS' FUNDS (56,296 ) (11,579 )

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 6 March 2024 and were signed on its behalf by:





R Jackson - Director


HFH (NE) Limited (Registered number: 12315813)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

HFH (NE) 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.

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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Going concern
PCE Holdings Limited, the parent company, has confirmed that it intends, and has the ability, to provide continuing financial support to HFH (NE) Limited to enable the company to meet its liabilities as and when they fall due for payment and will continue to provide financial support for a period of at least twelve months from the date of approval of HFH (NE) Limited's financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions which are under commercial terms.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Turnover from the sale of goods at the store is recognised at the point of sale when the customer pays for the goods.
Turnover from the sale of services is recognised when the customer pays for their gym membership either monthly or weekly.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.


HFH (NE) Limited (Registered number: 12315813)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 3,135 2,324 5,459
DEPRECIATION
At 1 July 2022 918 615 1,533
Charge for year 627 465 1,092
At 30 June 2023 1,545 1,080 2,625
NET BOOK VALUE
At 30 June 2023 1,590 1,244 2,834
At 30 June 2022 2,217 1,709 3,926

5. STOCKS
2023 2022
as restated
£    £   
Goods for resale 335 335

HFH (NE) Limited (Registered number: 12315813)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Amounts owed by group undertakings 4,510 5,520
Other debtors 30,178 14,986
Prepayments and accrued income 8,406 10,308
43,094 30,814

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 3,221 11,021
Amounts owed to group undertakings 91,408 23,146
Taxation and social security 718 523
Other creditors 375 208
Accruals and deferred income 9,970 13,829
105,692 48,727

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
as restated
£    £   
Within one year 16,000 16,000
Between one and five years 25,333 41,333
41,333 57,333

9. PROVISIONS FOR LIABILITIES
2023 2022
as restated
£    £   
Deferred tax 513 754

Deferred
tax
£   
Balance at 1 July 2022 754
Credit to Statement of Income and Retained Earnings during year (241 )
Accelerated capital allowances
Balance at 30 June 2023 513

HFH (NE) Limited (Registered number: 12315813)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
95 Ordinary 'A' Shares £1 95 95
5 Ordinary 'B' Shares £1 5 5
100 100

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shotton BA BFP FCA (Senior Statutory Auditor)
for and on behalf of Clive Owen LLP

12. ULTIMATE PARENT COMPANY

The ultimate parent undertaking is PCE Holdings Limited, a company registered at Orchard House, Easterly
Grange, Foxton, Sedgefield, County Durham, TS21 2HX.