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REGISTERED NUMBER: 12322769 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

HBL Investments Limited

HBL Investments Limited (Registered number: 12322769)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HBL Investments Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: A M Ben Ghalbon
L D Massey
A L Smith





REGISTERED OFFICE: Brook House
Weybrook Road
Manchester
Greater Manchester
M19 2QD





REGISTERED NUMBER: 12322769 (England and Wales)





ACCOUNTANTS: EBA
Ground Floor
Rear Barn
The Brookdale Centre
Knutsford
Cheshire
WA16 0SR

HBL Investments Limited (Registered number: 12322769)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £ £ £ £
FIXED ASSETS
Investments 4 899,957 899,957

CURRENT ASSETS
Debtors 5 270,630 47,300
Cash at bank 215 16,329
270,845 63,629
CREDITORS
Amounts falling due within one year 6 1,044,854 839,771
NET CURRENT LIABILITIES (774,009 ) (776,142 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,948

123,815

CAPITAL AND RESERVES
Called up share capital 120,000 120,000
Retained earnings 5,948 3,815
125,948 123,815

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





A M Ben Ghalbon - Director


HBL Investments Limited (Registered number: 12322769)

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

1. STATUTORY INFORMATION

HBL Investments 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.

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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 December 2022
and 30 November 2023 899,957
NET BOOK VALUE
At 30 November 2023 899,957
At 30 November 2022 899,957

HBL Investments Limited (Registered number: 12322769)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£ £
Amounts owed by group undertakings 21,300 47,300
Other debtors 249,330 -
270,630 47,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£ £
Amounts owed to group undertakings 1,044,354 764,629
Taxation and social security 500 260
Other creditors - 74,882
1,044,854 839,771

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£ £
A L Smith
Balance outstanding at start of year - -
Amounts advanced 86,030 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,030 -

L D Massey
Balance outstanding at start of year - -
Amounts advanced 84,947 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 84,947 -

A M Ben Ghalbon
Balance outstanding at start of year - -
Amounts advanced 78,354 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 78,354 -

8. ULTIMATE CONTROLLING PARTY

The company is controlled by HBL Associates Holdings Limited.