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REGISTERED NUMBER: 08222741 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

HLG Management Solutions Limited

HLG Management Solutions Limited (Registered number: 08222741)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HLG Management Solutions Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr H Goodrich
Mrs R Mahay-Goodrich





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 08222741 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

HLG Management Solutions Limited (Registered number: 08222741)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 565 1,600
Investment property 5 1,659,928 1,659,928
1,660,493 1,661,528

CURRENT ASSETS
Cash at bank 10,593 19,056

CREDITORS
Amounts falling due within one year 6 284,474 297,126
NET CURRENT LIABILITIES (273,881 ) (278,070 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,386,612

1,383,458

CREDITORS
Amounts falling due after more than one year 7 (1,100,188 ) (1,109,418 )

PROVISIONS FOR LIABILITIES 8 (49,000 ) (49,000 )
NET ASSETS 237,424 225,040

CAPITAL AND RESERVES
Called up share capital 9 2 2
Non distributable reserves 10 208,893 208,893
Retained earnings 10 28,529 16,145
SHAREHOLDERS' FUNDS 237,424 225,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

HLG Management Solutions Limited (Registered number: 08222741)

Balance Sheet - continued
30 September 2023


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 Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





Mr H Goodrich - Director


HLG Management Solutions Limited (Registered number: 08222741)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

HLG Management Solutions 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.

Computer equipment - 25% of costs

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 (2022 - 2 ) .

HLG Management Solutions Limited (Registered number: 08222741)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 October 2022
and 30 September 2023 3,510
DEPRECIATION
At 1 October 2022 1,910
Charge for year 1,035
At 30 September 2023 2,945
NET BOOK VALUE
At 30 September 2023 565
At 30 September 2022 1,600

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 October 2022
and 30 September 2023 1,659,928
NET BOOK VALUE
At 30 September 2023 1,659,928
At 30 September 2022 1,659,928

Fair value at 30 September 2023 is represented by:
£
Valuation in 2022 257,892
Cost 1,402,036
1,659,928

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£ £
Bank loans and overdrafts 6,301 -
Trade creditors 1,907 1,323
Taxation and social security 1,121 688
Other creditors 275,145 295,115
284,474 297,126

HLG Management Solutions Limited (Registered number: 08222741)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£ £
Bank loans 1,100,188 1,109,418

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 711,909 -

Repayable by instalments
Bank loans more 5 yr by instal - 1,081,018

8. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£ £
Deferred tax 49,000 49,000

Deferred tax
£
Balance at 1 October 2022 49,000
Balance at 30 September 2023 49,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £ £
2 Ordinary £1 2 2

10. RESERVES
Non
Retained distributable
earnings reserves Totals
£ £ £

At 1 October 2022 16,145 208,893 225,038
Profit for the year 14,384 14,384
Dividends (2,000 ) (2,000 )
At 30 September 2023 28,529 208,893 237,422