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REGISTERED NUMBER: 05474302 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

HMC Gosforth Limited

HMC Gosforth Limited (Registered number: 05474302)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HMC Gosforth Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M H McArdle
J H McArdle
M M McArdle





REGISTERED OFFICE: 140 Coniscliffe Road
DARLINGTON
County Durham
DL3 7RT





REGISTERED NUMBER: 05474302 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

HMC Gosforth Limited (Registered number: 05474302)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 32,298 32,298

CURRENT ASSETS
Debtors 5 1,267,702 1,267,702
Cash at bank 12,350 12,412
1,280,052 1,280,114
CREDITORS
Amounts falling due within one year 6 1,303,109 1,301,111
NET CURRENT LIABILITIES (23,057 ) (20,997 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,241

11,301

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 9,240 11,300
SHAREHOLDERS' FUNDS 9,241 11,301

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





M H McArdle - Director


HMC Gosforth Limited (Registered number: 05474302)

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

1. STATUTORY INFORMATION

HMC Gosforth 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
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' Section 1A, not to disclose related party transactions with wholly owned subsidiaries within the group or those which are under commercial terms.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Investments
Investments held as fixed assets are stated at cost less provision for any impairment in value.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 April 2023
and 31 March 2024 32,298
NET BOOK VALUE
At 31 March 2024 32,298
At 31 March 2023 32,298

HMC Gosforth Limited (Registered number: 05474302)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by joint ventures 1,267,702 1,267,702

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,301,210 1,299,260
Accruals 1,899 1,851
1,303,109 1,301,111

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. ULTIMATE PARENT COMPANY

The immediate parent company is HMC Group Limited, a company registered in England and Wales, registered office address: 140 Coniscliffe Road, Darlington, Co. Durham, DL3 7RT.

The ultimate parent company is HMC Group Holdings Limited, a company registered in Jersey, registered office address: 140 Coniscliffe Road, Darlington, Co. Durham, DL3 7RT.