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Registration number: NI629450

AHG Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

AHG Limited

(Registration number: NI629450)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

3,438,537

3,566,987

Current assets

 

Debtors

5

1,298

3,029

Cash at bank and in hand

 

40

585

 

1,338

3,614

Creditors: Amounts falling due within one year

6

(306,612)

(310,966)

Net current liabilities

 

(305,274)

(307,352)

Total assets less current liabilities

 

3,133,263

3,259,635

Creditors: Amounts falling due after more than one year

6

(609,727)

(929,423)

Net assets

 

2,523,536

2,330,212

Capital and reserves

 

Called up share capital

8

2

2

Shareholders loans

23,660

87,828

Retained earnings

2,499,874

2,242,382

Shareholders' funds

 

2,523,536

2,330,212

For the financial year ending 31 December 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

AHG Limited

(Registration number: NI629450)
Balance Sheet as at 31 December 2023

Approved and authorised by the Board on 25 September 2024 and signed on its behalf by:
 

.........................................
Mr Ivan James Moore Pollin
Director

.........................................
Mr Robert Stuart Moore Pollin
Director

 
     
 

AHG Limited

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

1

General information

The company is a private company limited by share capital incorporated in Northern Ireland.

The address of its registered office is: 41 Donegall Street, Belfast, Co. Antrim, BT1 2GA.

These financial statements were authorised for issue by the Board on 25 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Income represents amounts chargeable, net if value added tax, in respect of management charges to subsidiaries.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.

 

AHG Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date, or if the likelihood of earlier settlement is remote.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in subsidiaries

3,438,537

3,566,987

5

Debtors

2023
£

2022
£

Prepayments

1,298

3,029

 

1,298

3,029

6

Creditors: due within one year

2023
£

2022
£

Bank loans and overdrafts

300,000

300,000

Other creditors and accruals

6,612

10,966

306,612

310,966

 

AHG Limited

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

7

Creditors: due after more than one year

2023
£

2022
£

Bank loans

609,727

929,423

The bank loans are secured by a fixed charge over the Group's development and investment properties. The loans are repayable by instalment and are expected to be fully repaid within five years of the balance sheet date.

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2