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REGISTERED NUMBER: 03068660 (England and Wales)







Unaudited Financial Statements

for the Year Ended

30 September 2024

for

AHG Group Limited

AHG Group Limited (Registered number: 03068660)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AHG Group Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: M M Halmkin
R J Goldstone
M A Ashmole





SECRETARY: M M Halmkin





REGISTERED OFFICE: Brockley Combe
Backwell
Somerset
BS48 3DF





REGISTERED NUMBER: 03068660 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

AHG Group Limited (Registered number: 03068660)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 46 61
Investments 5 837,824 837,824
Investment property 6 45,000 45,000
882,870 882,885

CURRENT ASSETS
Debtors 7 - 1,786
Cash at bank 1,195 168
1,195 1,954
CREDITORS
Amounts falling due within one year 8 860,927 944,920
NET CURRENT LIABILITIES (859,732 ) (942,966 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,138

(60,081

)

PROVISIONS FOR LIABILITIES 3,118 3,118
NET ASSETS/(LIABILITIES) 20,020 (63,199 )

AHG Group Limited (Registered number: 03068660)

Statement of Financial Position - continued
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 30,000 30,000
Fair value reserve 10 13,294 13,294
Retained earnings 10 (23,274 ) (106,493 )
SHAREHOLDERS' FUNDS 20,020 (63,199 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:




R J Goldstone - Director



M M Halmkin - Director


AHG Group Limited (Registered number: 03068660)

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

1. STATUTORY INFORMATION

AHG 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at varying rates on cost

Investment property
Investment properties are recorded at valuation. No depreciation is provided on freehold properties as such assets are not held for consumption, but as investments, and the properties are well maintained and externally valued on a regular open market basis.

Any surplus or deficit arising on revaluing investment properties is recognised in the revaluation reserve. Disposals are recognised on completion. Profits and losses arising are recognised through the profit and loss account; the profit on disposal is determined as the difference between the sales proceeds and the carrying amount of the asset at the commencement of the accounting period plus additions in the period.

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 statement of financial position date.


AHG Group Limited (Registered number: 03068660)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investments
Investments in subsidiary undertakings are stated at cost less any provision for impairment. It is not felt that market value is an appropriate basis for valuation because the group is not listed on any stock exchange.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 21,873
DEPRECIATION
At 1 October 2023 21,812
Charge for year 15
At 30 September 2024 21,827
NET BOOK VALUE
At 30 September 2024 46
At 30 September 2023 61

AHG Group Limited (Registered number: 03068660)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 837,824
NET BOOK VALUE
At 30 September 2024 837,824
At 30 September 2023 837,824

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 45,000
NET BOOK VALUE
At 30 September 2024 45,000
At 30 September 2023 45,000

The properties were revalued by the directors at current open market value as at 30 September 2024 at a value of £45,000. These valuations have been incorporated into the financial statements. The directors do not consider their valuation to be materially different from the market valuation in 2013.

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2013 16,412
Cost 28,588
45,000

AHG Group Limited (Registered number: 03068660)

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

6. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 33,588 33,588

Investment properties were valued on an open market basis on 30 September 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
VAT - 1,786

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Amounts owed to group undertakings 857,300 805,375
Social security and other taxes 1,189 876
Unsecured loan notes - 132,500
Accrued expenses 2,438 6,169
860,927 944,920

£Nil (2023 - £92,500) and £Nil (2023 - £40,000) respectively of the unsecured subordinated loan notes are held by the wives of the directors M A Ashmole and R J Goldstone and interest is payable quarterly at a rate of 7% per annum.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
30,000 Ordinary £1 30,000 30,000

AHG Group Limited (Registered number: 03068660)

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

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2023 (106,493 ) 13,294 (93,199 )
Profit for the year 83,219 83,219
At 30 September 2024 (23,274 ) 13,294 (9,980 )

11. PENSION COMMITMENTS

The company operates a defined contribution scheme.

The company participates in the AHG defined benefit scheme. This is a defined benefit multi-employer scheme, the assets and liabilities of which are held independently from the group. The company is unable to identify its share of the underlying assets and liabilities of the scheme and accordingly accounts for the scheme as if it were a defined contribution scheme.

The group contributions paid to the scheme amounted to £54,167 (2023 - £50,000). At the balance sheet date there were outstanding pension contributions of £Nil (2023 - £Nil) and prepaid contributions of £Nil (2023 - £Nil).

As stated in the Fountain International Group Retirement Benefits Scheme (1982) financial statements for the year ended 30 September 2024 the full actuarial valuation at 30 September 2023 showed that the market value of the scheme's assets was £2,639,000 and that the actuarial value of these assets represented 95% of the benefits that had accrued to members.

12. CONTINGENT LIABILITIES

The company, along with certain subsidiaries, is party to a joint and several letter of set-off and an intercompany guarantee in favour of its bankers. The potential contingent liability in respect of this guarantee as at 30 September 2024 is £Nil (2023 - £663,534).

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid interest of £Nil (2023 - £8,400) in respect of unsecured subordinated loan notes held by the wives of M A Ashmole and R J Goldstone in accordance with the terms of the loan notes .

14. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

AHG Group Limited (Registered number: 03068660)

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

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M A Ashmole, a director of the company who holds 71.7% of the issued share capital.