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Company Registration No. SC461497 (Scotland)
HNG Geological Ltd Unaudited accounts for the year ended 31 October 2024
HNG Geological Ltd Unaudited accounts Contents
Page
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HNG Geological Ltd Company Information for the year ended 31 October 2024
Director
H N Godhrawala
Secretary
I H Godhrawala
Company Number
SC461497 (Scotland)
Registered Office
14 LAURELWOOD AVENUE ABERDEEN AB25 3SL
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HNG Geological Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,538 
2,538 
Investment property
100,000 
100,000 
102,538 
102,538 
Current assets
Cash at bank and in hand
43 
45 
Creditors: amounts falling due within one year
(6,748)
(6,748)
Net current liabilities
(6,705)
(6,703)
Total assets less current liabilities
95,833 
95,835 
Creditors: amounts falling due after more than one year
(15,000)
(15,000)
Net assets
80,833 
80,835 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
80,733 
80,735 
Shareholders' funds
80,833 
80,835 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 December 2024 and were signed on its behalf by
H N Godhrawala Director Company Registration No. SC461497
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HNG Geological Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
HNG Geological Ltd is a private company, limited by shares, registered in Scotland, registration number SC461497. The registered office is 14 LAURELWOOD AVENUE, ABERDEEN, AB25 3SL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25%
Fixtures & fittings
25%
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
5,792 
1,250 
7,042 
At 31 October 2024
5,792 
1,250 
7,042 
Depreciation
At 1 November 2023
3,348 
1,156 
4,504 
At 31 October 2024
3,348 
1,156 
4,504 
Net book value
At 31 October 2024
2,444 
94 
2,538 
At 31 October 2023
2,444 
94 
2,538 
5
Investment property
2024 
£ 
Fair value at 1 November 2023
100,000 
At 31 October 2024
100,000 
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HNG Geological Ltd Notes to the Accounts for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
5,081 
5,081 
Loans from directors
350 
350 
Accruals
1,317 
1,317 
6,748 
6,748 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,000 
15,000 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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