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Company Registration No. 13283369 (England and Wales)
HLN SIX LTD Unaudited accounts for the year ended 31 March 2024
HLN SIX LTD Unaudited accounts Contents
Page
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HLN SIX LTD Company Information for the year ended 31 March 2024
Director
Mohammed Naveed
Company Number
13283369 (England and Wales)
Registered Office
69 New Town Row Birmingham B6 4HL England
Accountants
Shipleys Tax - Chartered Accountants 32 Park Cross Street Leeds West Yorkshire LS1 2QH
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HLN SIX LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
117,408 
118,750 
Tangible assets
88,121 
111,000 
205,529 
229,750 
Current assets
Debtors
123,946 
321,321 
Cash at bank and in hand
76,169 
60,115 
200,115 
381,436 
Creditors: amounts falling due within one year
(613,937)
(589,356)
Net current liabilities
(413,822)
(207,920)
Net (liabilities)/assets
(208,293)
21,830 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(208,393)
21,730 
Shareholders' funds
(208,293)
21,830 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 March 2025 and were signed on its behalf by
Mohammed Naveed Director Company Registration No. 13283369
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HLN SIX LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
HLN SIX LTD is a private company, limited by shares, registered in England and Wales, registration number 13283369. The registered office is 69 New Town Row, Birmingham, B6 4HL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is calculated, using the straight-line method, to allocate the depreciable amount of the assets to their residual values over their estimated useful lives, as follows: Acquired Brands & Trademarks - 20 Years
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 Years Straight Line
Motor vehicles
25% Reducing Balance
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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HLN SIX LTD Notes to the Accounts for the year ended 31 March 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
125,000 
Additions
5,000 
At 31 March 2024
130,000 
Amortisation
At 1 April 2023
6,250 
Charge for the year
6,342 
At 31 March 2024
12,592 
Net book value
At 31 March 2024
117,408 
At 31 March 2023
118,750 
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HLN SIX LTD Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
- 
148,000 
148,000 
Additions
5,000 
- 
5,000 
At 31 March 2024
5,000 
148,000 
153,000 
Depreciation
At 1 April 2023
- 
37,000 
37,000 
Charge for the year
129 
27,750 
27,879 
At 31 March 2024
129 
64,750 
64,879 
Net book value
At 31 March 2024
4,871 
83,250 
88,121 
At 31 March 2023
- 
111,000 
111,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
29,452 
- 
Trade debtors
79,471 
259,610 
Amounts due from group undertakings etc.
- 
50,000 
Deferred tax asset
6,546 
Other debtors
15,023 
5,165 
123,946 
321,321 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
50,287 
Trade creditors
397,370 
317,556 
Amounts owed to group undertakings and other participating interests
200,000 
150,000 
Taxes and social security
11,991 
13,831 
Other creditors
4,526 
53,633 
Loans from directors
50 
49 
Accruals
- 
4,000 
613,937 
589,356 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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HLN SIX LTD Notes to the Accounts for the year ended 31 March 2024
9
Transactions with related parties
During the year ended 31 March 2024, HLN Six Ltd entered into loan agreements with related parties within the group. The total amount owed by HLN Six Ltd to other group companies as at 31 March 2024 was £200,000 (2023: £150,000). The loans were provided on an interest free basis. No guarantees were provided or received in respect of these balances. The loans are unsecured and are repayable on demand.
10
Controlling party
As at the balance sheet date, the ultimate controlling party of HLN Six Ltd is HLN Group Ltd, a company incorporated in England & Wales. HLN Group holds 100% of the issued share capital of HLN Six Ltd, giving it the ability to exercise control over the company. The registered office of HLN Group Ltd is 69 New Town, Birmingham, B6 4HT.
11
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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