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REGISTERED NUMBER: 12146424 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

HGS Investments Ltd

HGS Investments Ltd (Registered number: 12146424)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


HGS Investments Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs J M Hollings
S W Hollings





REGISTERED OFFICE: 25 Watchet Lane
Holmer Green
High Wycombe
HP15 6UF





REGISTERED NUMBER: 12146424 (England and Wales)





ACCOUNTANTS: M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
HGS Investments Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HGS Investments Ltd for the year ended 31 October 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of HGS Investments Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of HGS Investments Ltd and state those matters that we have agreed to state to the Board of Directors of HGS Investments Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HGS Investments Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that HGS Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HGS Investments Ltd. You consider that HGS Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of HGS Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF


17 March 2025

HGS Investments Ltd (Registered number: 12146424)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,134 23,586
Investment property 5 1,025,000 800,000
1,044,134 823,586

CURRENT ASSETS
Stocks 404,416 379,643
Debtors 6 - 8
Prepayments and accrued income 768 889
Cash at bank and in hand 20,308 3,998
425,492 384,538
CREDITORS
Amounts falling due within one year 7 1,264,052 1,053,742
NET CURRENT LIABILITIES (838,560 ) (669,204 )
TOTAL ASSETS LESS CURRENT LIABILITIES 205,574 154,382

PROVISIONS FOR LIABILITIES (51,527 ) (31,704 )

ACCRUALS AND DEFERRED INCOME (1,482 ) (1,509 )
NET ASSETS 152,565 121,169

CAPITAL AND RESERVES
Called up share capital 600 600
Fair value reserve 9 170,200 150,019
Retained earnings (18,235 ) (29,450 )
152,565 121,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:




S W Hollings - Director


HGS Investments Ltd (Registered number: 12146424)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

HGS Investments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance and 10% on reducing balance

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

HGS Investments Ltd (Registered number: 12146424)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2023 40,787
Additions 274
At 31 October 2024 41,061
DEPRECIATION
At 1 November 2023 17,201
Charge for year 4,726
At 31 October 2024 21,927
NET BOOK VALUE
At 31 October 2024 19,134
At 31 October 2023 23,586

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 800,000
Additions 184,995
Revaluations 40,005
At 31 October 2024 1,025,000
NET BOOK VALUE
At 31 October 2024 1,025,000
At 31 October 2023 800,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2022 181,722
Valuation in 2024 40,005
Cost 803,273
1,025,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 803,273 618,278
Aggregate depreciation (43,260 ) (37,098 )

Investment property was valued on an open market basis on 31 October 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 8

HGS Investments Ltd (Registered number: 12146424)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 453,199 503,199
Trade creditors 188 47
Other creditors 810,665 550,496
1,264,052 1,053,742

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 453,199 503,199

A personal guarantee has been provided by the Directors on the Mortgages.

9. RESERVES
Fair
value
reserve
£   
At 1 November 2023 150,019
Transfers 20,181

At 31 October 2024 170,200