2023-01-01 05000815 2023-12-31 05000815 2023-01-01 2023-12-31 05000815 2022-12-31 05000815 2022-01-01 2022-12-31 05000815 uk-core:WithinOneYear 2022-12-31 05000815 uk-core:WithinOneYear 2023-12-31 05000815 uk-core:AfterOneYear 2022-12-31 05000815 uk-core:AfterOneYear 2023-12-31 05000815 uk-core:ShareCapital 2023-12-31 05000815 uk-core:ShareCapital 2022-12-31 05000815 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 05000815 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 05000815 uk-bus:Director1 2023-01-01 2023-12-31 05000815 uk-core:InvestmentPropertyIncludedWithinPPE 2023-01-01 2023-12-31 05000815 uk-core:CostValuation 2022-12-31 05000815 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2022-12-31 05000815 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-12-31 05000815 uk-core:CostValuation 2023-12-31 05000815 uk-core:Non-currentFinancialInstruments 2023-12-31 05000815 uk-core:Non-currentFinancialInstruments 2022-12-31 iso4217:GBP xbrli:pure 05000815 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05000815 uk-bus:FRS102 2023-01-01 2023-12-31 05000815 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 05000815 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
HG Enterprises (UK Limited
Registered Number:05000815
For the year ended 31 December 2023
England and Wales
Report of the Directors and Financial Statements
2
For the year ended 31 December 2023
HG Enterprises (UK Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05000815
As at 31 December 2023
HG Enterprises (UK Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
2
380,000
380,000
Investment property
Financial assets
50
50
3
380,050
380,050
Current assets
2,651
Cash and cash equivalents
4,546
4,546
2,651
Trade and other payables: amounts falling due within one
year
(18,809)
(19,099)
4
(16,158)
(14,553)
Net current liabilities
Total assets less current liabilities
365,497
363,892
Trade and other payables: amounts falling due after more
than one year
(188,241)
(188,241)
5
(28,219)
(28,219)
Provisions for liabilities
149,037
Net assets
147,432
Capital and reserves
Called up share capital
2
2
Retained earnings
149,035
147,430
149,037
147,432
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr G Gupta Director
These financial statements were approved and authorised for issue by the Board on 04 September 2024 and were signed by:
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4
Registered Number :
05000815
For the year ended 31 December 2023
HG Enterprises (UK Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 December 2023
HG Enterprises (UK Limited
Notes to the Financial Statements
Statutory Information
HG Enterprises (UK Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05000815.
Registered address:
8 Kingswood Avenue
Hounslow, Middlesex
TW3 4LL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
0% Straight line
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Investment property
Total
£
Fair value
At 01 January 2023
380,000
At 31 December 2023
380,000
Net book value
At 31 December 2023
380,000
At 31 December 2022
380,000
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6
For the year ended 31 December 2023
HG Enterprises (UK Limited
Notes to the Financial Statements Continued
3. Investments held as fixed assets
Other investments
Total
At 01 January 2023
50
50
Cost
£
£
At 31 December 2023
50
50
At 31 December 2023
Net book value
50
50
At 01 January 2023
50
50
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
377
87
Other creditors
18,722
18,722
19,099
18,809
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
188,241
188,241
6. Average number of persons employed
During the year the average number of employees was 0
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