6 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,277,447 4,277,447 4,277,447 xbrli:pure xbrli:shares iso4217:GBP 13083865 2023-07-01 2024-06-30 13083865 2024-06-30 13083865 2023-06-30 13083865 2022-07-01 2023-06-30 13083865 2023-06-30 13083865 2022-06-30 13083865 bus:Director3 2023-07-01 2024-06-30 13083865 core:WithinOneYear 2024-06-30 13083865 core:WithinOneYear 2023-06-30 13083865 core:AfterOneYear 2024-06-30 13083865 core:AfterOneYear 2023-06-30 13083865 core:ShareCapital 2024-06-30 13083865 core:ShareCapital 2023-06-30 13083865 core:RetainedEarningsAccumulatedLosses 2024-06-30 13083865 core:RetainedEarningsAccumulatedLosses 2023-06-30 13083865 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 13083865 core:Non-currentFinancialInstruments 2024-06-30 13083865 core:Non-currentFinancialInstruments 2023-06-30 13083865 bus:SmallEntities 2023-07-01 2024-06-30 13083865 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13083865 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13083865 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13083865 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 13083865
Hydromarque Group Limited
Filleted Unaudited Financial Statements
For the year ended
30 June 2024
Hydromarque Group Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
4,277,447
4,277,447
Current assets
Debtors
6
53,078
73,334
Cash at bank and in hand
322,178
238,731
---------
---------
375,256
312,065
Creditors: amounts falling due within one year
7
1,059,001
777,267
------------
---------
Net current liabilities
683,745
465,202
------------
------------
Total assets less current liabilities
3,593,702
3,812,245
Creditors: amounts falling due after more than one year
8
752,569
1,475,911
------------
------------
Net assets
2,841,133
2,336,334
------------
------------
Hydromarque Group Limited
Statement of Financial Position (continued)
30 June 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
100,000
100,000
Profit and loss account
2,741,133
2,236,334
------------
------------
Shareholders funds
2,841,133
2,336,334
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 September 2024 , and are signed on behalf of the board by:
R Newcombe
Director
Company registration number: 13083865
Hydromarque Group Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-21 Stapledon Road, Orton Southgate, Peterborough, PE2 6TD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 5 ).
5. Investments
Shares in group undertakings
£
Cost
At 1 July 2023 and 30 June 2024
4,277,447
------------
Impairment
At 1 July 2023 and 30 June 2024
------------
Carrying amount
At 30 June 2024
4,277,447
------------
At 30 June 2023
4,277,447
------------
6. Debtors
2024
2023
£
£
Other debtors
53,078
73,334
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
175,893
Trade creditors
50,627
49,303
Amounts owed to group undertakings and undertakings in which the company has a participating interest
712,310
232,030
Social security and other taxes
176,604
108,861
Other creditors
119,460
211,180
------------
---------
1,059,001
777,267
------------
---------
Bank loans and overdrafts are secured by way of first legal charge over the assets of the company.
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
116,672
Other creditors
752,569
1,359,239
---------
------------
752,569
1,475,911
---------
------------
Bank loans and overdrafts are secured by way of first legal charge over the assets of the company.
Other creditors include loan notes which are secured against the assets of the company.