Registered number
14875258
THE HAYES GROUP LIMITED
Filleted Accounts
31 May 2024
THE HAYES GROUP LIMITED
Registered number: 14875258
Balance Sheet
as at 31 May 2024
Notes 2024
£
Fixed assets
Investments 3 1,206,000
Creditors: amounts falling due within one year 4 (539,337)
Net current liabilities (539,337)
Total assets less current liabilities 666,663
Creditors: amounts falling due after more than one year 5 (666,663)
Net assets -
Capital and reserves
Share premium 1
Profit and loss account (1)
Shareholders' funds -
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jack Philip Hayes
Director
Approved by the board on 3 February 2025
THE HAYES GROUP LIMITED
Notes to the Accounts
for the period from 17 May 2023 to 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 1,206,000
At 31 May 2024 1,206,000
The above investment represents the company acquiring 50% of the share capital of H&P Executive Search Limited,  a company registered in England whose principal activity is that of an executive search consultancy.
4 Creditors: amounts falling due within one year 2024
£
Amounts owed to group undertakings 539,337
5 Creditors: amounts falling due after one year 2024
£
Amounts owed to group undertakings 666,663
6 Other information
THE HAYES GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
C/O Sherrards
1-3 Pemberton Row
London
England
EC4A 3BG
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