Silverfin false false 30/04/2024 01/05/2023 30/04/2024 N Kalms 17/07/2017 B Radstone 17/07/2017 13 January 2025 The principal activity of Hyjan Group Ltd "the Company" is that of a holding company. 10868492 2024-04-30 10868492 bus:Director1 2024-04-30 10868492 bus:Director2 2024-04-30 10868492 2023-04-30 10868492 core:CurrentFinancialInstruments 2024-04-30 10868492 core:CurrentFinancialInstruments 2023-04-30 10868492 core:ShareCapital 2024-04-30 10868492 core:ShareCapital 2023-04-30 10868492 core:RetainedEarningsAccumulatedLosses 2024-04-30 10868492 core:RetainedEarningsAccumulatedLosses 2023-04-30 10868492 core:CostValuation 2023-04-30 10868492 core:CostValuation 2024-04-30 10868492 core:CurrentFinancialInstruments 1 2024-04-30 10868492 core:CurrentFinancialInstruments 1 2023-04-30 10868492 bus:OrdinaryShareClass1 2024-04-30 10868492 2023-05-01 2024-04-30 10868492 bus:FilletedAccounts 2023-05-01 2024-04-30 10868492 bus:SmallEntities 2023-05-01 2024-04-30 10868492 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10868492 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10868492 bus:Director1 2023-05-01 2024-04-30 10868492 bus:Director2 2023-05-01 2024-04-30 10868492 2022-05-01 2023-04-30 10868492 core:Subsidiary1 2023-05-01 2024-04-30 10868492 core:Subsidiary1 1 2023-05-01 2024-04-30 10868492 core:Subsidiary1 1 2022-05-01 2023-04-30 10868492 core:Subsidiary2 2023-05-01 2024-04-30 10868492 core:Subsidiary2 1 2023-05-01 2024-04-30 10868492 core:Subsidiary2 1 2022-05-01 2023-04-30 10868492 core:Subsidiary3 2023-05-01 2024-04-30 10868492 core:Subsidiary3 1 2023-05-01 2024-04-30 10868492 core:Subsidiary3 1 2022-05-01 2023-04-30 10868492 core:Subsidiary4 2023-05-01 2024-04-30 10868492 core:Subsidiary4 1 2023-05-01 2024-04-30 10868492 core:Subsidiary4 1 2022-05-01 2023-04-30 10868492 core:CurrentFinancialInstruments 2023-05-01 2024-04-30 10868492 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 10868492 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 10868492 (England and Wales)

HYJAN GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

HYJAN GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

HYJAN GROUP LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
HYJAN GROUP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 520 520
520 520
Current assets
Debtors 4 544,412 484,491
Cash at bank and in hand 164 2,767
544,576 487,258
Creditors: amounts falling due within one year 5 ( 544,832) ( 487,514)
Net current liabilities (256) (256)
Total assets less current liabilities 264 264
Net assets 264 264
Capital and reserves
Called-up share capital 6 164 164
Profit and loss account 100 100
Total shareholders' funds 264 264

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hyjan Group Limited (registered number: 10868492) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

N Kalms
Director
B Radstone
Director

13 January 2025

HYJAN GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
HYJAN GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hyjan Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 May 2023 520
At 30 April 2024 520
Carrying value at 30 April 2024 520
Carrying value at 30 April 2023 520

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
30.04.2024
Ownership
30.04.2023
Held
Hyjan Investments (Holdings) Limited 35 Ballards Lane, London, N3 1XW Development of building projects Ordinary 100.00% 100.00% Direct
Youspotproperty.com Ltd 35 Ballards Lane, London, N3 1XW Property traders Ordinary 100.00% 100.00% Direct
Hyjan Housing Limited 35 Ballards Lane, London, N3 1XW Development of building projects Ordinary 100.00% 100.00% Direct
Hyjan Research Limited 35 Ballards Lane, London, N3 1XW Aiding the repatriation of assets Ordinary 100.00% 100.00% Direct

4. Debtors

2024 2023
£ £
Amounts owed by connected companies 544,412 484,491

Amounts owed by connected companies are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to connected companies 542,908 484,690
Accruals 1,500 2,400
Other creditors 424 424
544,832 487,514

Amounts owed to connected companies are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
164 Ordinary shares of £ 1.00 each 164 164

7. Related party transactions

Where possible, the company has taken advantage of the exemption conferred by FRS 102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings.

Included within in other debtors is a balance of £544,412 (2023: £484,491) owed to companies in which the directors have an interest either as directors or participators. The balance is unsecured and interest free with no fixed repayment terms.

Included within in other creditors is a balance of £542,908 (2023: £484,690) owed to companies in which the directors have an interest either as directors or participators. The balance is unsecured and interest free with no fixed repayment terms.