REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2023 |
for |
Hambleton Steel Group Ltd |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2023 |
for |
Hambleton Steel Group Ltd |
Hambleton Steel Group Ltd (Registered number: 10635312) |
Contents of the Financial Statements |
for the year ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Hambleton Steel Group Ltd |
Company Information |
for the year ended 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors and |
Chartered Accountants |
Cawley House |
149-155 Canal Street |
Nottingham |
Nottinghamshire |
NG1 7HR |
Hambleton Steel Group Ltd (Registered number: 10635312) |
Balance Sheet |
31 December 2023 |
31/12/23 | 31/12/22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 11 |
Fair value reserve | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
Hambleton Steel Group Ltd (Registered number: 10635312) |
Notes to the Financial Statements |
for the year ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Hambleton Steel Group Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Land and buildings | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
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). |
Hambleton Steel Group Ltd (Registered number: 10635312) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST OR VALUATION |
At 1 January 2023 |
and 31 December 2023 |
DEPRECIATION |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
Cost or valuation at 31 December 2023 is represented by: |
Land and |
buildings |
£ |
Valuation in 2022 | 427,500 |
Cost | 1,012,500 |
1,440,000 |
If Freehold property had not been revalued it would have been included at the following historical cost: |
31/12/23 | 31/12/22 |
£ | £ |
Cost | 1,012,500 | 1,012,500 |
Aggregate depreciation | 121,500 | 101,250 |
Freehold property were valued on an open market basis on 5 January 2023 by Eddisons Chartered Surveyors . |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
Hambleton Steel Group Ltd (Registered number: 10635312) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
5. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: Gatherley Road, Brompton on Swale, Richmond, North Yorkshire, DL10 5SF |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Gatherley Road, Brompton on Swale, Richmond, North Yorkshire, DL10 5SF |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Gatherley Road, Brompton on Swale, Richmond, North Yorkshire, DL10 5SF |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Gatherley Road, Brompton on Swale, Richmond, North Yorkshire, DL10 5SF |
Nature of business: |
% |
Class of shares: | holding |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
Fair value at 31 December 2023 is represented by: |
£ |
Valuation in 2021 | 499,842 |
Valuation in 2022 | 295,000 |
Cost | 1,325,158 |
2,120,000 |
Hambleton Steel Group Ltd (Registered number: 10635312) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
6. | INVESTMENT PROPERTY - continued |
If Investment property had not been revalued it would have been included at the following historical cost: |
31/12/23 | 31/12/22 |
£ | £ |
Cost | 1,325,158 | 1,325,158 |
Investment property was valued on an open market basis on 5 January 2023 by Eddisons Chartered Surveyors . |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/23 | 31/12/22 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/23 | 31/12/22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/12/23 | 31/12/22 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 2,264,716 | - |
The company holds the following securities as at the 31st December 2023: |
Fixed and floating charge held with Allicia Bank Limited |
A fixed and floating charge held with FW Capital Limited. |
A fixed and floating charge held with Bibby Financial Services Limited. |
10. | PROVISIONS FOR LIABILITIES |
31/12/23 | 31/12/22 |
£ | £ |
Deferred tax | 315,464 | 315,464 |
Hambleton Steel Group Ltd (Registered number: 10635312) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
10. | PROVISIONS FOR LIABILITIES - continued |
Deferred |
tax |
£ |
Balance at 1 January 2023 |
Balance at 31 December 2023 |
11. | RESERVES |
Fair |
Revaluation | value |
reserve | reserve | Totals |
£ | £ | £ |
At 1 January 2023 | 424,833 | 553,888 | 978,721 |
Reserves transfer | 8,550 | - | 8,550 |
At 31 December 2023 | 433,383 | 553,888 | 987,271 |
12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
13. | ULTIMATE CONTROLLING PARTY |
The company is controlled by its immediate parent company, ESG BidCo1 Ltd, a company incorporated in England and Wales (company number 13911341). This is by virtue of its holding 100% of the ordinary share capital in the company. |
The ultimate controlling party is J Hacker by virtue of his majority shareholding in the ultimate |
parent company, Catalyst Ventures Ltd.A copy of the consolidated accounts can be obtained from |
the registered office. |