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REGISTERED NUMBER: 12073226 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

FOR

HAZEL GROUP LTD

HAZEL GROUP LTD (REGISTERED NUMBER: 12073226)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAZEL GROUP LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023







DIRECTOR: Mr Z S Levy





REGISTERED OFFICE: The Bristol Office
2nd Floor 5 High Street
Westbury On Trym
Bristol
BS9 3BY





REGISTERED NUMBER: 12073226 (England and Wales)





ACCOUNTANTS: DAS Accounting & Partners (UK) LLP
105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ

HAZEL GROUP LTD (REGISTERED NUMBER: 12073226)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 21,650,000 -
Investments 6 4,998,069 -
26,648,069 -

CURRENT ASSETS
Debtors 7 8,177,212 -
Cash at bank and in hand 17,808 100
8,195,020 100
CREDITORS
Amounts falling due within one year 8 (19,200,415 ) -
NET CURRENT (LIABILITIES)/ASSETS (11,005,395 ) 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,642,674

100

CREDITORS
Amounts falling due after more than one year 9 (13,975,000 ) -

PROVISIONS FOR LIABILITIES 10 (250,000 ) -
NET ASSETS 1,417,674 100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,417,574 -
SHAREHOLDERS' FUNDS 1,417,674 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

HAZEL GROUP LTD (REGISTERED NUMBER: 12073226)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





Mr Z S Levy - Director


HAZEL GROUP LTD (REGISTERED NUMBER: 12073226)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Hazel Group Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention except that investment property is measured at fair value through profit or loss.

Judgements and key sources of estimation uncertainty
Judgements made by the director, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed below.

The company's investment properties are valued by the director. The valuation of the company's properties are inherently subjective, depending on many factors, including the individual nature of the property, its location and expected future net rental value, market yields and comparable market conditions. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

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.

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

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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


HAZEL GROUP LTD (REGISTERED NUMBER: 12073226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued
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 period 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.

Investments
Investments are measured at cost and subsequently stated at cost less any accumulated impairment losses.

Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Seciton 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertaking comprise a small group.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2022 - NIL ) .

5. TANGIBLE FIXED ASSETS
Freehold
investment
property
£   
COST OR VALUATION
Additions 27,200,000
Disposals (7,370,000 )
Revaluations 1,820,000
At 31 December 2023 21,650,000
NET BOOK VALUE
At 31 December 2023 21,650,000

The director is of the opinion that £21,650,000 represents the open market value of the company's investment properties at 31 December 2023. The historical cost of the investment properties is £20,650,000.

HAZEL GROUP LTD (REGISTERED NUMBER: 12073226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

6. FIXED ASSET INVESTMENTS
Shares in
Shares in joint
group venture
undertaking undertaking Totals
£    £    £   
COST
Additions 4,767,223 230,846 4,998,069
At 31 December 2023 4,767,223 230,846 4,998,069
NET BOOK VALUE
At 31 December 2023 4,767,223 230,846 4,998,069

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,177,212 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to subsidiary undertaking 2,888,406 -
Taxation and social security 9,016 -
Other creditors 16,302,993 -
19,200,415 -

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 13,975,000 -

The bank loan is secured over the assets of the company.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 250,000 -

Deferred
tax
£   
Movement during the year 250,000
Balance at 31 December 2023 250,000

The provision for deferred tax is in relation to timing differences in respect of the revaluation of investment properties.

HAZEL GROUP LTD (REGISTERED NUMBER: 12073226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

11. RELATED PARTY DISCLOSURES

Other debtors include amounts of £7,889,017 owed by companies which have a director in common with the company. Amounts of £6,626,560 bear interest at 6.6% per annum.

Other creditors include amounts of £16,106,421 owed to the director and shareholders or companies which have a director in common with the company.

No transactions with related parties, other than disclosed above, were undertaken such as are required to be disclosed under FRS102.