HRS Development Group Ltd 13199823 true 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true Dr Tariq Mohammed Mr Hashim Mohammed Miss Rafia Mohammed true true 13199823 2023-03-01 2024-02-29 13199823 2024-02-29 13199823 bus:OrdinaryShareClass1 2024-02-29 13199823 core:ShareCapital 2024-02-29 13199823 core:CurrentFinancialInstruments 2024-02-29 13199823 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 13199823 bus:FRS102 2023-03-01 2024-02-29 13199823 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13199823 bus:FullAccounts 2023-03-01 2024-02-29 13199823 bus:RegisteredOffice 2023-03-01 2024-02-29 13199823 bus:Director1 2023-03-01 2024-02-29 13199823 bus:Director2 2023-03-01 2024-02-29 13199823 bus:Director3 2023-03-01 2024-02-29 13199823 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 13199823 bus:EntityHasNeverTraded 2023-03-01 2024-02-29 13199823 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13199823 1 2023-03-01 2024-02-29 13199823 countries:England 2023-03-01 2024-02-29 13199823 core:CostValuation 2023-02-28 13199823 2023-02-28 13199823 bus:OrdinaryShareClass1 2023-02-28 13199823 core:ShareCapital 2023-02-28 13199823 core:CurrentFinancialInstruments 2023-02-28 13199823 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13199823

HRS Development Group Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

HRS Development Group Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

HRS Development Group Ltd

(Registration number: 13199823)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

3

201

201

Current assets

 

Debtors

4

1,000

1,000

Creditors: Amounts falling due within one year

5

(201)

(201)

Net current assets

 

799

799

Net assets

 

1,000

1,000

Capital and reserves

 

Called up share capital

6

1,000

1,000

Shareholders' funds

 

1,000

1,000

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 13 November 2024 and signed on its behalf by:
 

.........................................
Dr Tariq Mohammed
Director

 

HRS Development Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Time Technology Park
Blackburn Road
Simonstone
BB12 7TY

These financial statements were authorised for issue by the Board on 13 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

HRS Development Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

HRS Development Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

3

Investments

2024
£

2023
£

Investments

201

201

Joint ventures

£

Cost

At 1 March 2023

201

Provision

Carrying amount

At 29 February 2024

201

At 28 February 2023

201

4

Debtors

Current

2024
£

2023
£

Other debtors

1,000

1,000

 

1,000

1,000

5

Creditors

2024
£

2023
£

Due within one year

Other payables

201

201

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000

       

7

Parent and ultimate parent undertaking

The ultimate controlling party is Dr Tariq Mohammed.