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REGISTERED NUMBER: 12571904 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

HSG Securities Ltd

HSG Securities Ltd (Registered number: 12571904)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HSG Securities Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs L M Nicol
Mr F M Nicol
Mrs S A Carter





REGISTERED OFFICE: 111 Cambridge Road
Waterbeach
CAMBRIDGE
Cambridgeshire
CB25 9NJ





BUSINESS ADDRESS: Chettisham Business Park
Lynn Road
Chettisham
Ely
Cambridgeshire
CB6 1RY





REGISTERED NUMBER: 12571904 (England and Wales)

HSG Securities Ltd (Registered number: 12571904)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,421,008 1,425,812
Investments 6 50,000 50,000
1,471,008 1,475,812

CURRENT ASSETS
Debtors 7 187,374 190,125
Cash at bank 38,175 66,642
225,549 256,767
CREDITORS
Amounts falling due within one year 8 91,685 66,586
NET CURRENT ASSETS 133,864 190,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,604,872

1,665,993

CREDITORS
Amounts falling due after more than one
year

9

633,751

698,914
NET ASSETS 971,121 967,079

CAPITAL AND RESERVES
Called up share capital 56,750 56,750
Share premium 420,673 420,673
Capital redemption reserve 1,450 1,450
Retained earnings 492,248 488,206
971,121 967,079

HSG Securities Ltd (Registered number: 12571904)

Balance Sheet - continued
31 January 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 10 October 2024 and were signed on its behalf by:





Mrs S A Carter - Director


HSG Securities Ltd (Registered number: 12571904)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

HSG Securities 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about HSG Securities Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates, and
assumptions that influence the values reported. These estimates and judgement are regularly reviewed and are based on the experience of the company's management as well as other factors, including the expectations of future events that are believed to be reasonable under the circumstances.

Significant judgements:
The directors have taken consideration of the requirements of the relevant financial reporting standards when preparing the financial statements, and concluded that there is not a reliable estimate of the fair value of the investments in subsidiary undertakings readily available to the company. The directors have subsequently recognised investments in subsidiaries at cost less impairment as disclosed within the accounting policies. The financial statements disclose supplementary information of the subsidiaries and their results in the accounting period in order to assist the end users of the financial statements.

There are no other judgements apart from those involving estimations that management has made in the process of applying the entities accounting polices and that have the most significant effect on the amounts recognised in 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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 50 years straight line

Investments in subsidiaries
Unlisted fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses as there is no reliable fair value available.

HSG Securities Ltd (Registered number: 12571904)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 February 2023
and 31 January 2024 1,440,224
DEPRECIATION
At 1 February 2023 14,412
Charge for year 4,804
At 31 January 2024 19,216
NET BOOK VALUE
At 31 January 2024 1,421,008
At 31 January 2023 1,425,812

HSG Securities Ltd (Registered number: 12571904)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 50,000
NET BOOK VALUE
At 31 January 2024 50,000
At 31 January 2023 50,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 187,374 190,125

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 63,700 60,999
Trade creditors 16 7
Taxation and social security 24,832 2,171
Other creditors 3,137 3,409
91,685 66,586

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 633,751 698,914

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 335,472 417,137

HSG Securities Ltd (Registered number: 12571904)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


10. LEASING AGREEMENTS
Lessor

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

2024 2023
£    £   
Within one year 120,000 120,000
Between two and five years 480,000 480,000
Greater than five years 370,000 490,000
970,000 1,090,000

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 697,451 759,913

On 19 June 2020, HSBC UK Bank Ltd undertook a fixed and floating charge with a negative pledge over all the property and undertaking of the company.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.