IRIS Accounts Production v24.3.0.553 06810896 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068108962023-03-31068108962024-03-31068108962023-04-012024-03-31068108962022-03-31068108962022-04-012023-03-31068108962023-03-3106810896ns15:EnglandWales2023-04-012024-03-3106810896ns14:PoundSterling2023-04-012024-03-3106810896ns10:Director12023-04-012024-03-3106810896ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106810896ns10:SmallEntities2023-04-012024-03-3106810896ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106810896ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106810896ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106810896ns10:FullAccounts2023-04-012024-03-3106810896ns10:OrdinaryShareClass12023-04-012024-03-3106810896ns10:Director22023-04-012024-03-3106810896ns10:Director32023-04-012024-03-3106810896ns10:RegisteredOffice2023-04-012024-03-3106810896ns5:CurrentFinancialInstruments2024-03-3106810896ns5:CurrentFinancialInstruments2023-03-3106810896ns5:Non-currentFinancialInstruments2024-03-3106810896ns5:Non-currentFinancialInstruments2023-03-3106810896ns5:ShareCapital2024-03-3106810896ns5:ShareCapital2023-03-3106810896ns5:RetainedEarningsAccumulatedLosses2024-03-3106810896ns5:RetainedEarningsAccumulatedLosses2023-03-3106810896ns5:FurnitureFittings2023-04-012024-03-3106810896ns5:MotorVehicles2023-04-012024-03-3106810896ns5:ComputerEquipment2023-04-012024-03-3106810896ns5:FurnitureFittings2023-03-3106810896ns5:MotorVehicles2023-03-3106810896ns5:ComputerEquipment2023-03-3106810896ns5:FurnitureFittings2024-03-3106810896ns5:MotorVehicles2024-03-3106810896ns5:ComputerEquipment2024-03-3106810896ns5:FurnitureFittings2023-03-3106810896ns5:MotorVehicles2023-03-3106810896ns5:ComputerEquipment2023-03-3106810896ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3106810896ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3106810896ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106810896ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106810896ns10:OrdinaryShareClass12024-03-31068108961ns10:Director12023-03-31068108961ns10:Director12022-03-31068108961ns10:Director12023-04-012024-03-31068108961ns10:Director12022-04-012023-03-31068108961ns10:Director12024-03-31068108961ns10:Director12023-03-31
REGISTERED NUMBER: 06810896 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HAYS FINANCIAL CENTRE LIMITED

HAYS FINANCIAL CENTRE LIMITED (REGISTERED NUMBER: 06810896)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAYS FINANCIAL CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: H A Yazdani
R Yazdani
D Yazdani





REGISTERED OFFICE: 325 Baring Road
London
SE12 0DZ





REGISTERED NUMBER: 06810896 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

HAYS FINANCIAL CENTRE LIMITED (REGISTERED NUMBER: 06810896)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 135,424 71,677

CURRENT ASSETS
Debtors 5 - 449,769
Cash at bank and in hand 280,161 1,079,860
280,161 1,529,629
CREDITORS
Amounts falling due within one year 6 (44,453 ) (28,770 )
NET CURRENT ASSETS 235,708 1,500,859
TOTAL ASSETS LESS CURRENT LIABILITIES 371,132 1,572,536

CREDITORS
Amounts falling due after more than one year 7 (69,675 ) -
NET ASSETS 301,457 1,572,536

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 301,357 1,572,436
SHAREHOLDERS' FUNDS 301,457 1,572,536

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

HAYS FINANCIAL CENTRE LIMITED (REGISTERED NUMBER: 06810896)

BALANCE SHEET - continued
31 MARCH 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 by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





H A Yazdani - Director


HAYS FINANCIAL CENTRE LIMITED (REGISTERED NUMBER: 06810896)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Hays Financial Centre 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.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

HAYS FINANCIAL CENTRE LIMITED (REGISTERED NUMBER: 06810896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 116,676 - 35,435 152,111
Additions - 108,888 - 108,888
At 31 March 2024 116,676 108,888 35,435 260,999
DEPRECIATION
At 1 April 2023 60,748 - 19,686 80,434
Charge for year 13,982 27,222 3,937 45,141
At 31 March 2024 74,730 27,222 23,623 125,575
NET BOOK VALUE
At 31 March 2024 41,946 81,666 11,812 135,424
At 31 March 2023 55,928 - 15,749 71,677

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 108,888
At 31 March 2024 108,888
DEPRECIATION
Charge for year 27,222
At 31 March 2024 27,222
NET BOOK VALUE
At 31 March 2024 81,666

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 449,769

HAYS FINANCIAL CENTRE LIMITED (REGISTERED NUMBER: 06810896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 6,866 -
Taxation and social security 294 21,477
Other creditors 37,293 7,293
44,453 28,770

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 69,675 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 76,541 -

Hire purchase liabilities are secured on the asset financed.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
H A Yazdani
Balance outstanding at start of year 449,769 2,685
Amounts advanced - 447,084
Amounts repaid (449,769 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 449,769

HAYS FINANCIAL CENTRE LIMITED (REGISTERED NUMBER: 06810896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. ULTIMATE CONTROLLING PARTY

The controlling party is Hays Financial Holdings Limited.

The ultimate controlling party is D Yazdani.