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REGISTERED NUMBER: 10635312 (England and Wales)












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: C M Bartholomew
D Curnock
M Dixon
A Fixter
M Gibson
J T Sapak





REGISTERED OFFICE: Gatherley Road
Brompton on Swale
Richmond
North Yorkshire





REGISTERED NUMBER: 10635312 (England and Wales)





AUDITORS: Clayton & Brewill
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 1,411,200 1,440,000
Investments 5 1,000 1,000
Investment property 6 2,120,000 2,120,000
3,532,200 3,561,000

CURRENT ASSETS
Debtors 7 2,087,173 1,617
Cash at bank 18 13,204
2,087,191 14,821
CREDITORS
Amounts falling due within one year 8 1,184,274 1,671,339
NET CURRENT ASSETS/(LIABILITIES) 902,917 (1,656,518 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,435,117

1,904,482

CREDITORS
Amounts falling due after more than
one year

9

(2,443,106

)

-

PROVISIONS FOR LIABILITIES 10 (315,464 ) (315,464 )
NET ASSETS 1,676,547 1,589,018

CAPITAL AND RESERVES
Called up share capital 2,617 2,617
Revaluation reserve 11 433,383 424,833
Fair value reserve 11 553,888 553,888
Retained earnings 686,659 607,680
SHAREHOLDERS' FUNDS 1,676,547 1,589,018

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 13 June 2024 and were signed on its behalf by:





M Gibson - Director


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 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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% of cost or valuation

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 1,440,000
DEPRECIATION
Charge for year 28,800
At 31 December 2023 28,800
NET BOOK VALUE
At 31 December 2023 1,411,200
At 31 December 2022 1,440,000

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 1,000
NET BOOK VALUE
At 31 December 2023 1,000
At 31 December 2022 1,000

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:

Hambleton Steel Ltd
Registered office: Gatherley Road, Brompton on Swale, Richmond, North Yorkshire, DL10 5SF
Nature of business: Construction
%
Class of shares: holding
Ordinary 100.00

Sublet Fabrications Limited
Registered office: Gatherley Road, Brompton on Swale, Richmond, North Yorkshire, DL10 5SF
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

Hambleton Structures Limited
Registered office: Gatherley Road, Brompton on Swale, Richmond, North Yorkshire, DL10 5SF
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

Hambleton Steel (South) Limited
Registered office: Gatherley Road, Brompton on Swale, Richmond, North Yorkshire, DL10 5SF
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,120,000
NET BOOK VALUE
At 31 December 2023 2,120,000
At 31 December 2022 2,120,000

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 2,085,556 -
Other debtors 1,617 1,617
2,087,173 1,617

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 55,180 -
Trade creditors 8,897 8,896
Amounts owed to group undertakings 1,076,001 1,596,387
Taxation and social security 44,196 56,595
Other creditors - 9,461
1,184,274 1,671,339

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans 2,443,106 -

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 315,464
Balance at 31 December 2023 315,464

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.

Mr Douglas Perry (Senior Statutory Auditor)
for and on behalf of Clayton & Brewill

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.