2024-04-222025-03-312025-03-31false15669305HUGHES EGLOBAL DIGITAL HOLDINGS GROUP 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HUGHES EGLOBAL DIGITAL HOLDINGS GROUP LTD

Registered Number
15669305
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2025

HUGHES EGLOBAL DIGITAL HOLDINGS GROUP LTD
Company Information
for the period from 22 April 2024 to 31 March 2025

Directors

HUGHES, Ashley Leon
HUGHES, Cameron Jack

Company Secretary

SMSA UK LTD

Registered Address

25 Hither Farm Road
London
SE3 9QT

Registered Number

15669305 (England and Wales)
HUGHES EGLOBAL DIGITAL HOLDINGS GROUP LTD
Statement of Financial Position
31 March 2025

Notes

2025

£

£

Fixed assets
Investments31
1
Current assets
Cash at bank and on hand2
2
Creditors amounts falling due within one year(2)
Total assets less current liabilities1
Net assets1
Capital and reserves
Called up share capital1
Shareholders' funds1
The financial statements were approved and authorised for issue by the Board of Directors on 10 April 2025, and are signed on its behalf by:
HUGHES, Ashley Leon
Director
Registered Company No. 15669305
HUGHES EGLOBAL DIGITAL HOLDINGS GROUP LTD
Notes to the Financial Statements
for the period ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A (FRS 102 1A) and the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime. The financial statements have been prepared under the historical cost convention. The company is exempt under section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as it qualifies as a small group. These financial statements present information for the company as an individual entity.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds. Called-up Share Capital: Recorded at nominal value of shares issued. On 22 April 2024, 100% of the issued share capital of the company was acquired by HUGHES EGLOBAL DIGITAL HOLDINGS GROUP LTD, making it the immediate and ultimate parent undertaking. HUGHES EGLOBAL DIGITAL HOLDINGS GROUP LTD is incorporated in the United Kingdom.
2.Average number of employees
The average number of employees, including directors, during the year was 0 (2024 - 0)

2025
Average number of employees during the year0
3.Fixed asset investments
The company holds 100% of the issued share capital in HUGHES EPRODUCTS LTD, a private limited company incorporated in the United Kingdom. The investment was acquired via a share-for-share exchange and is held at cost of £1.

Total

£
Cost or valuation
Additions1
At 31 March 251
Net book value
At 31 March 251
At 21 April 24-
4.Share capital
The company has issued the following share capital: 51 A Ordinary shares of £0.01 each (£0.51) 49 B Ordinary shares of £0.01 each (£0.49) All shares are allotted, called-up and fully paid and carry equal rights to distributions and voting, except where specified in the Articles of Association.
5.Controlling party
The immediate and ultimate parent undertaking is HUGHES EGLOBAL DIGITAL HOLDINGS GROUP LTD, a company incorporated in the United Kingdom. The parent company holds 100% of the issued share capital of HUGHES EPRODUCTS LTD as at 31 March 2025.
6.Parent-subsidiary relationships
The company holds 100% of the ordinary share capital of HUGHES EPRODUCTS LTD, a company incorporated in the United Kingdom. HUGHES EPRODUCTS LTD is the only subsidiary undertaking.