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Company Registration No. 13283369 (England and Wales)
HLN SIX LTD Unaudited accounts for the year ended 31 March 2023
HLN SIX LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
- 
100 
Fixed assets
Intangible assets
118,750 
- 
Tangible assets
111,000 
- 
229,750 
- 
Current assets
Debtors
321,321 
- 
Cash at bank and in hand
60,115 
- 
381,436 
- 
Creditors: amounts falling due within one year
(589,356)
- 
Net current liabilities
(207,920)
- 
Net assets
21,830 
100 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
21,730 
- 
Shareholders' funds
21,830 
100 
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 director acknowledges his 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 and authorised for issue on 28 March 2024 and were signed on its behalf by
Mohammed Naveed Director Company Registration No. 13283369
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HLN SIX LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
HLN SIX LTD is a private company, limited by shares, registered in England and Wales, registration number 13283369. The registered office is Spaces Crossways, 156 Great Charles Street Queensway, Birmingham, B3 3HN, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is calculated, using the straight-line method, to allocate the depreciable amount of the assets to their residual values over their estimated useful lives, as follows: Acquired Brands & Trademarks - 20 Years
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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HLN SIX LTD Notes to the Accounts for the year ended 31 March 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
- 
Additions
125,000 
At 31 March 2023
125,000 
Amortisation
At 1 April 2022
- 
Charge for the year
6,250 
At 31 March 2023
6,250 
Net book value
At 31 March 2023
118,750 
5
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2022
- 
Additions
148,000 
At 31 March 2023
148,000 
Depreciation
Charge for the year
37,000 
At 31 March 2023
37,000 
Net book value
At 31 March 2023
111,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
259,610 
- 
Amounts due from group undertakings etc.
50,000 
- 
Deferred tax asset
6,546 
Other debtors
5,165 
- 
321,321 
- 
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HLN SIX LTD Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
50,287 
- 
Trade creditors
317,556 
- 
Amounts owed to group undertakings and other participating interests
150,000 
- 
Taxes and social security
13,831 
- 
Other creditors
53,633 
- 
Loans from directors
49 
- 
Accruals
4,000 
- 
589,356 
- 
8
Deferred taxation
2023 
2022 
£ 
£ 
Other deferred taxation
(6,546)
- 
2023 
2022 
£ 
£ 
Credited to the profit and loss account
(6,546)
- 
Provision at end of year
(6,546)
- 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 3 (2022: 1).
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