Registered number
14774913
HRMGW Holdings Limited
Filleted Accounts
for the period ended
31 March 2024
HRMGW Holdings Limited
Registered number: 14774913
Balance Sheet
as at 31 March 2024
Notes 2024
£
Fixed assets
Tangible assets 3 212,488
Current assets
Cash at bank and in hand 10,979
Creditors: amounts falling due within one year 4 (19,249)
Net current liabilities (8,270)
Total assets less current liabilities 204,218
Creditors: amounts falling due after more than one year 5 (233,263)
Net liabilities (29,045)
Capital and reserves
Called up share capital 3
Profit and loss account (29,048)
Shareholders' funds (29,045)
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.
R Whitt
Director
Approved by the board on 28 March 2025
HRMGW Holdings Limited
Notes to the Accounts
for the period from 3 April 2023 to 31 March 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 represents rents received in the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024
Number
Average number of persons employed by the company 2
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 212,488
At 31 March 2024 212,488
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 212,488
The property was purchased on 10 August 2023 and is valued at cost. Future consideration will be given to any revaluations.
4 Creditors: amounts falling due within one year 2024
£
Bank loans and overdrafts 14,625
Trade creditors 1,016
Other creditors 3,608
19,249
5 Creditors: amounts falling due after one year 2024
£
Bank loans 117,000
Other creditors 116,263
233,263
6 Loans 2024
£
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 116,263
Instalments falling due for payment after more than five years 58,500
174,763
Secured bank loans 131,625
The mortgage is secured by a legal charge on Apartment 1F, Park Road, Castle Boulevard, Nottingham dated 14 August 2023 and is secured with The Mortgage Works (UK) plc.
7 Related party transactions
Other creditors is an unsecured loan from Draw Construction Limited, an associated company. Both companies are under the same control and ownership. The loan is made charging interest at 4.5% p.a At the year end the loan balance was £116,263.
8 Other information
HRMGW Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
32 Quorn Close
Loughborough
Leics
LE11 2AW
HRMGW Holdings Limited 14774913 false 2023-04-03 2024-03-31 2024-03-31 VT Final Accounts April 2025 R Whitt No description of principal activity 14774913 2023-04-03 2024-03-31 14774913 bus:PrivateLimitedCompanyLtd 2023-04-03 2024-03-31 14774913 bus:AuditExemptWithAccountantsReport 2023-04-03 2024-03-31 14774913 bus:Director40 2023-04-03 2024-03-31 14774913 1 2023-04-03 2024-03-31 14774913 2 2023-04-03 2024-03-31 14774913 countries:England 2023-04-03 2024-03-31 14774913 bus:FRS102 2023-04-03 2024-03-31 14774913 bus:FilletedAccounts 2023-04-03 2024-03-31 14774913 2024-03-31 14774913 core:WithinOneYear 2024-03-31 14774913 core:AfterOneYear 2024-03-31 14774913 core:ShareCapital 2024-03-31 14774913 core:RetainedEarningsAccumulatedLosses 2024-03-31 14774913 core:MoreThanFiveYears 2024-03-31 14774913 2023-04-02 iso4217:GBP xbrli:pure