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REGISTERED NUMBER: 10092059 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HANLON & RHODES GROUP LIMITED

HANLON & RHODES GROUP LIMITED (REGISTERED NUMBER: 10092059)






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

Chartered Accountants' Report 7

HANLON & RHODES GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P A Hanlon
S B Rhodes





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 10092059 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

HANLON & RHODES GROUP LIMITED (REGISTERED NUMBER: 10092059)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 400 400

CURRENT ASSETS
Debtors 5 12,394,257 12,513,686
Cash at bank 12,926 497
12,407,183 12,514,183
CREDITORS
Amounts falling due within one year 6 25,132 88,003
NET CURRENT ASSETS 12,382,051 12,426,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,382,451

12,426,580

CREDITORS
Amounts falling due after more than one
year

7

34,259

71,482
NET ASSETS 12,348,192 12,355,098

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Share premium 9 10,324,800 10,324,800
Retained earnings 9 2,022,392 2,029,298
SHAREHOLDERS' FUNDS 12,348,192 12,355,098

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.

HANLON & RHODES GROUP LIMITED (REGISTERED NUMBER: 10092059)

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 3 December 2024 and were signed on its behalf by:




S B Rhodes - Director



P A Hanlon - Director


HANLON & RHODES GROUP LIMITED (REGISTERED NUMBER: 10092059)

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

1. STATUTORY INFORMATION

Hanlon & Rhodes Group 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.

On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 400
NET BOOK VALUE
At 31 March 2024 400
At 31 March 2023 400

HANLON & RHODES GROUP LIMITED (REGISTERED NUMBER: 10092059)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hanlon & Rhodes Portfolio A Lt 3,792,246 4,594,259
Other debtors 3,140,600 1,722,100
Hanlon & Rhodes Portfolio B Lt 1,898,615 2,389,016
Hanlon & Rhodes Portfolio C Lt 1,868,424 2,169,137
Hanlon & Rhodes Portfolio D Lt 1,759,715 1,747,931
HRS Property Holdings (38,000 ) (38,000 )
Sussex Coast Properties (27,343 ) (70,757 )
12,394,257 12,513,686

Monies in other debtors relate to monies owed by companies under common control of both, or, either directors.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 17,954 16,871
Social security and other taxes 3,680 4,150
Directors' current accounts 279 63,209
Accrued expenses 3,219 3,773
25,132 88,003

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bounceback Loans 34,259 71,482

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary 1 1,000 1,000

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 2,029,298 10,324,800 12,354,098
Profit for the year 107,094 107,094
Dividends (114,000 ) (114,000 )
At 31 March 2024 2,022,392 10,324,800 12,347,192

HANLON & RHODES GROUP LIMITED (REGISTERED NUMBER: 10092059)

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

10. RELATED PARTY DISCLOSURES

The company has investment in 4 wholly owned subsidiaries:-

1. Hanlon & Rhodes Portfolio A Limited (Co No:11445896)
2. Hanlon & Rhodes Portfolio B Limited (Co No:11445929)
3. Hanlon & Rhodes Portfolio C Limited (Co No:11832049)
4. Hanlon & Rhodes Portfolio D Limited (Co No: 13904867)

Any related company balances are shown in note 6 of the financial statements.

At the year end, the company owed the directors, £288 (2023: £63,209). This loan is interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HANLON & RHODES GROUP LIMITED

The following reproduces the text of the report prepared for the directors 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 Directors 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 Hanlon & Rhodes Group Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet 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 Board of Directors of Hanlon & Rhodes Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hanlon & Rhodes Group Limited and state those matters that we have agreed to state to the Board of Directors of Hanlon & Rhodes Group Limited, as a body, 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 Hanlon & Rhodes Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hanlon & Rhodes Group 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 Hanlon & Rhodes Group Limited. You consider that Hanlon & Rhodes Group 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 Hanlon & Rhodes Group 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.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


4 December 2024