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REGISTERED NUMBER: 09552506 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

HGF Investments Limited

HGF Investments Limited (Registered number: 09552506)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HGF Investments Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: C P Lawton





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 09552506 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

HGF Investments Limited (Registered number: 09552506)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,774,563 3,495,000

CURRENT ASSETS
Debtors 5 419,397 177,864
Cash at bank 83,795 5,696
503,192 183,560
CREDITORS
Amounts falling due within one year 6 348,794 338,529
NET CURRENT ASSETS/(LIABILITIES) 154,398 (154,969 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,928,961

3,340,031

CREDITORS
Amounts falling due after more than one year 7 (2,396,357 ) (1,890,703 )

PROVISIONS FOR LIABILITIES (208,868 ) (208,868 )
NET ASSETS 1,323,736 1,240,460

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 8 1,043,677 1,043,677
Retained earnings 280,058 196,782
SHAREHOLDERS' FUNDS 1,323,736 1,240,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HGF Investments Limited (Registered number: 09552506)

Balance Sheet - continued
30 April 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 director and authorised for issue on 31 January 2025 and were signed by:





C P Lawton - Director


HGF Investments Limited (Registered number: 09552506)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

HGF Investments 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

HGF Investments Limited (Registered number: 09552506)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 3,495,000
Additions 279,563
At 30 April 2024 3,774,563
NET BOOK VALUE
At 30 April 2024 3,774,563
At 30 April 2023 3,495,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 1,088,782
Valuation in 2023 163,763
Valuation in 2024 279,563
Cost 2,242,455
3,774,563

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Loan - Worthington Homes 384,133 162,600
Whitegate Commercial Property
Ltd 15,264 15,264
Calm Properties Ltd 20,000 -
419,397 177,864

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Tax 27,686 9,994
HGF Properties Limited 292,587 306,531
Directors' loan accounts 27,721 21,204
Accrued expenses 800 800
348,794 338,529

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 2-5 years 2,396,357 1,890,703

HGF Investments Limited (Registered number: 09552506)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


8. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 1,043,677

9. RELATED PARTY DISCLOSURES

The company is controlled by the company director.