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REGISTERED NUMBER: 05165202 (England and Wales)






Financial Statements

for the Year Ended 31 December 2023

for

HTSL GROUP LIMITED

HTSL GROUP LIMITED (REGISTERED NUMBER: 05165202)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HTSL GROUP LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B D Read
W4S Directors Limited
C J Langley





SECRETARY: Cossey Cosec Services Limited





REGISTERED OFFICE: 4th Floor
24 Old Bond Street
London
W1S 4AW





REGISTERED NUMBER: 05165202 (England and Wales)





AUDITORS: Pembroke Briggs Chartered Accountants
Beacon House
South Road
Weybridge
Surrey
KT13 9DZ

HTSL GROUP LIMITED (REGISTERED NUMBER: 05165202)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 4,091,248 2,491,248

CREDITORS
Amounts falling due within one
year

1,617,500

3,500
NET CURRENT LIABILITIES (1,617,500 ) (3,500 )
TOTAL ASSETS LESS
CURRENT LIABILITIES

2,473,748

2,487,748

CREDITORS
Amounts falling due after more
than one year

-

1,360,198
NET ASSETS 2,473,748 1,127,550

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Share premium 19,999,999 19,999,999
Retained earnings (17,527,252 ) (18,873,450 )
SHAREHOLDERS' FUNDS 2,473,748 1,127,550

HTSL GROUP LIMITED (REGISTERED NUMBER: 05165202)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 September 2024 and were signed on its behalf by:





B D Read - Director


HTSL GROUP LIMITED (REGISTERED NUMBER: 05165202)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

HTSL Group Limited 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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).

HTSL GROUP LIMITED (REGISTERED NUMBER: 05165202)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023 2,491,248
Additions 1,600,000
At 31 December 2023 4,091,248
NET BOOK VALUE
At 31 December 2023 4,091,248
At 31 December 2022 2,491,248

5. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

S Briggs (Senior Statutory Auditor)
for and on behalf of Pembroke Briggs Chartered Accountants

6. ULTIMATE CONTROLLING PARTY

The Company's immediate parent company is HTSL Holdings Limited.

In the Directors' opinion there is no one controlling party.