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Registered number: 8372749

H1 Club Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2023

Prepared By:
The Lanson Partnership

H1 Club Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2023
DIRECTORS
L P J Milne
R F Binfield
REGISTERED OFFICE
Flat 2, 40 King Street
Covent Garden
London
Hampshire
WC2E 8JS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 8372749
ACCOUNTANTS
The Lanson Partnership

H1 Club Limited

ACCOUNTS
FOR THEYEARENDED31/05/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

H1 Club Limited

BALANCE SHEET AT 31/05/2023
20232022
Notes££
FIXED ASSETS
Investment Assets3-100
CURRENT ASSETS
Stock150250
Debtors56,7773,452
Cash at bank and in hand1,6292,593
8,5566,295
CREDITORS: Amounts falling due within one year66,2915,491
NET CURRENT ASSETS2,265804
TOTAL ASSETS LESS CURRENT LIABILITIES2,265904
CAPITAL AND RESERVES
Called up share capital8600600
Profit and loss account1,665304
SHAREHOLDERS' FUNDS2,265904
For the year ending 31/05/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/02/2024 and signed on their behalf by
.............................
L P J Milne
Director

H1 Club Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.

H1 Club Limited

2. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/06/202212,00012,000
At 31/05/202312,00012,000
Depreciation
At 01/06/202212,00012,000
At 31/05/202312,00012,000
Net Book Amounts
At 31/05/2023--
3. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/06/2022100100
Disposals(100)(100)
Amortisation
Net Book Amounts
At 31/05/2022100100
The investment represented a 100% holding of the ordinary share capital of H1 Club Retail Ltd, this company was dissolved on 28/03/2023.
4. STOCK 20232022
££
Stock comprises:
Stock for resale150250
150250
5. DEBTORS 20232022
££
Amounts falling due within one year
Amounts due from group companies6,7773,452
6,7773,452

H1 Club Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Other creditors2,4912,491
Accruals3,8003,000
6,2915,491
7. EMPLOYEES
20232022
No.No.
Average number of employees--
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
600 Ordinary shares of £1 each600600
600600
9. ULTIMATE CONTROLLING COMPANY
The company's ultimate holding company is Twelve Thirteen Ltd a company incorporated in England.