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REGISTERED NUMBER: 08230531 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 May 2024

for

HLB Group (Midlands) Limited

HLB Group (Midlands) Limited (Registered number: 08230531)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

HLB Group (Midlands) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: D N Pattinson





REGISTERED OFFICE: 39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST





BUSINESS ADDRESS: Unit 1 Vigo Works
Conduit Road
Norton Canes
Cannock
Staffordshire
WS11 9TJ





REGISTERED NUMBER: 08230531 (England and Wales)





ACCOUNTANTS: Crowther Jordan Limited
Chartered Accountants
39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST

HLB Group (Midlands) Limited (Registered number: 08230531)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5 5
Investment property 5 975,000 975,000
975,005 975,005

CURRENT ASSETS
Debtors 6 158,769 148,760
Cash at bank 15,562 2,705
174,331 151,465
CREDITORS
Amounts falling due within one year 7 12,932 46,591
NET CURRENT ASSETS 161,399 104,874
TOTAL ASSETS LESS CURRENT LIABILITIES 1,136,404 1,079,879

PROVISIONS FOR LIABILITIES 9 146,713 146,713
NET ASSETS 989,691 933,166

CAPITAL AND RESERVES
Called up share capital 10 1 1
Other reserves 440,140 440,140
Retained earnings 549,550 493,025
SHAREHOLDERS' FUNDS 989,691 933,166

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

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

The director acknowledges his 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.

HLB Group (Midlands) Limited (Registered number: 08230531)

Balance Sheet - continued
31 May 2024


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 and authorised for issue by the director and authorised for issue on 4 November 2024 and were signed by:





D N Pattinson - Director


HLB Group (Midlands) Limited (Registered number: 08230531)

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

1. STATUTORY INFORMATION

HLB Group (Midlands) 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about HLB Group (Midlands) Limited 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.

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

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 (2023 - NIL).

HLB Group (Midlands) Limited (Registered number: 08230531)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 5
NET BOOK VALUE
At 31 May 2024 5
At 31 May 2023 5

The company's investments at the Balance Sheet date in the share capital of companies include the following:

HLB Plastics Limited
Registered office: United Kingdom
Nature of business: Manufacture of plastic products
%
Class of shares: holding
Ordinary 80.00
31.5.24 31.5.23
£    £   
Aggregate capital and reserves 331,494 340,017
Profit for the year 71,477 160,064

HLB (Midlands) Limited
Registered office: United Kingdom
Nature of business: Dormant Company
%
Class of shares: holding
Ordinary 100.00
31.5.24 31.5.23
£    £   
Aggregate capital and reserves 1 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 975,000
NET BOOK VALUE
At 31 May 2024 975,000
At 31 May 2023 975,000

HLB Group (Midlands) Limited (Registered number: 08230531)

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

5. INVESTMENT PROPERTY - continued

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2023 586,854
Cost 388,146
975,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 2,000 3,192
Amounts owed by group undertakings 156,769 145,568
158,769 148,760

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors - 1,050
Taxation and social security 9,607 14,654
Other creditors 3,325 30,887
12,932 46,591

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Other loans - 29,867

9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax
Other timing differences 146,713 146,713

Deferred
tax
£   
Balance at 1 June 2023 146,713
Balance at 31 May 2024 146,713

HLB Group (Midlands) Limited (Registered number: 08230531)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 1 1

11. RELATED PARTY DISCLOSURES

The company owns 80% of the shares in HLB Plastics Limited. At the balance sheet date, £156,769 (2023: £145,568) was owed by HLB Plastics Limited.


Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
HLB Group (Midlands) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HLB Group (Midlands) Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of HLB Group (Midlands) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of HLB Group (Midlands) Limited and state those matters that we have agreed to state to the director of HLB Group (Midlands) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HLB Group (Midlands) Limited and its director for our work or for this report.

It is your duty to ensure that HLB Group (Midlands) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HLB Group (Midlands) Limited. You consider that HLB Group (Midlands) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of HLB Group (Midlands) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Crowther Jordan Limited
Chartered Accountants
39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST


4 November 2024