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REGISTERED NUMBER: 11932272 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2022 to 31 October 2023

for

The Group Hug Ltd

The Group Hug Ltd (Registered number: 11932272)






Contents of the Financial Statements
for the Period 1 May 2022 to 31 October 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


The Group Hug Ltd (Registered number: 11932272)

Statement of Financial Position
31 October 2023

31.10.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 308
Tangible assets 5 - -
1 308

CURRENT ASSETS
Debtors 6 3,040 560
Cash at bank 204 482
3,244 1,042
CREDITORS
Amounts falling due within one year 7 30,568 32,177
NET CURRENT LIABILITIES (27,324 ) (31,135 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,323

)

(30,827

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (27,423 ) (30,927 )
SHAREHOLDERS' FUNDS (27,323 ) (30,827 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2023 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 Group Hug Ltd (Registered number: 11932272)

Statement of Financial Position - continued
31 October 2023


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 28 October 2024 and were signed on its behalf by:





Ms Alison Sarah March - Director


The Group Hug Ltd (Registered number: 11932272)

Notes to the Financial Statements
for the Period 1 May 2022 to 31 October 2023

1. STATUTORY INFORMATION

The Group Hug Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11932272

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being fully amortised and shown at £Nil.

Computer software are being fully amortised and shown at £Nil.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the period 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 statement of financial position date.


The Group Hug Ltd (Registered number: 11932272)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Going concern
The company has net liabilities of £27,323. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
licences software Totals
£    £    £   
COST
At 1 May 2022
and 31 October 2023 420 10,829 11,249
AMORTISATION
At 1 May 2022 420 10,521 10,941
Amortisation for period - 307 307
At 31 October 2023 420 10,828 11,248
NET BOOK VALUE
At 31 October 2023 - 1 1
At 30 April 2022 - 308 308

The Group Hug Ltd (Registered number: 11932272)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 October 2023

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2022
and 31 October 2023 1,190
DEPRECIATION
At 1 May 2022
and 31 October 2023 1,190
NET BOOK VALUE
At 31 October 2023 -
At 30 April 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 30.4.22
£    £   
Trade debtors 3,040 560

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 30.4.22
£    £   
Other creditors 30,568 32,177

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 30.4.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

The company owes £18,411 (2022: £19,074) to its director, Ms Alison March who is also 55% shareholder of the company as at accounting year end date.

The company owes £10,864 (2022: 11,264) to its director, Mr Sebastian Monk who is also 45% shareholder of the company as at accounting year end date.