Company registration number 14596849 (England and Wales)
HC GROUP VENTURE HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
HC GROUP VENTURE HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HC GROUP VENTURE HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
Notes
£
£
Fixed assets
Investments
4
60,019
Current assets
Debtors
5
60,000
Creditors: amounts falling due within one year
6
(120,018)
Net current liabilities
(60,018)
Net assets
1
Capital and reserves
Called up share capital
1

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 December 2023 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 10 March 2025 and are signed on its behalf by:
Mr D C A Stewart
Director
Company registration number 14596849 (England and Wales)
HC GROUP VENTURE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

HC Group Venture Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Fladgate LLP, 16 Great Queen Street, LONDON, WC2B 5DG.

1.1
Reporting period

The company was incorporated on 17 January 2023. The company's first reporting period is from the incorporation date of 17 January 2023 to the period end date of 31 December 2023. The financial statements reporting period is therefore shorter than one year and there is no comparative information to be included.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

 

HC Group Venture Holdings Limited is a wholly owned subsidiary of HC Group Global Holdings Limited and the results of HC Group Venture Holdings Limited are included in the consolidated financial statements of the ultimate parent company HC Group Global Holdings Limited which are available from Companies House, Crown Way, Cardiff, CF14 3UZ.

1.3
Fixed asset investments

Interests in subsidiaries and other investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include #tErm6, are measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

HC GROUP VENTURE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
Number
Total
2
4
Fixed asset investments
2023
£
Shares in group undertakings and participating interests
19
Other investments other than loans
60,000
60,019
HC GROUP VENTURE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
4
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in associates
Other investments
Total
£
£
£
Cost or valuation
At 17 January 2023
-
-
-
Additions
19
60,000
60,019
At 31 December 2023
19
60,000
60,019
Carrying amount
At 31 December 2023
19
60,000
60,019
5
Debtors
2023
Amounts falling due within one year:
£
Other debtors
60,000
6
Creditors: amounts falling due within one year
2023
£
Amounts owed to group undertakings
120,018
7
Parent company

The ultimate parent company is HC Group Global Holdings Ltd. The registered office is N2 Bressenden Place, 3rd Floor, London, England, SW1E 5BY.

 

The financial statements of the ultimate parent company of the group, HC Group Global Holdings Ltd, are publicly available. Copies of the group financial statements can be obtained from Companies House, Crown Way, Cardiff, CF4 3UZ.

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