Registered number
SC769535
HS RESIDENTIAL GROUP LTD
Filleted Accounts
31 May 2024
HS RESIDENTIAL GROUP LTD
Registered number: SC769535
Balance Sheet
as at 31 May 2024
Notes 2024
£
Fixed assets
Tangible assets 3 35,000
35,000
Current assets
Stocks -
Cash at bank and in hand 6,817
6,817
Creditors: amounts falling due within one year 4 (1,684)
Net current assets 5,133
Total assets less current liabilities 40,133
Creditors: amounts falling due after more than one year 5 (35,000)
Provisions for liabilities -
Net assets 5,133
Capital and reserves
Called up share capital 2
Share premium -
Profit and loss account 5,131
Shareholders' funds 5,133
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.
HAMZAH HABIB
Director
Approved by the board on 17 March 2025
HS RESIDENTIAL GROUP LTD
Notes to the Accounts
for the year ended 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Tangible fixed assets
Land and buildings Total
£ £
Cost
At 1 June 2023 - -
Additions 35,000 35,000
Surplus on revaluation - -
Disposals - -
At 31 May 2024 35,000 35,000
Depreciation
At 1 June 2023 - -
Charge for the year - -
Surplus on revaluation - -
On disposals - -
At 31 May 2024 - -
Net book value
At 31 May 2024 35,000 35,000
At 31 May 2023 - -
4 Creditors: amounts falling due within one year 2024
£
Non-equity preference shares -
Bank loans and overdrafts -
Obligations under finance lease and hire purchase contracts -
Trade creditors -
Accruals 480
Taxation and social security costs 1,204
Other creditors -
1,684
5 Creditors: amounts falling due after one year 2024
£
Non-equity preference shares -
Bank loans -
Obligations under finance lease and hire purchase contracts -
Trade creditors -
Amounts owed to group undertakings and undertakings in which the company has a participating interest -
Other creditors 35,000
35,000
6 Other information
HS RESIDENTIAL GROUP LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
Bracken House Northfield,
Lesmahagow,
Lanark,
Scotland,
ML11 0JE
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