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REGISTERED NUMBER: NI696628 (Northern Ireland)















Directors' Report and

Unaudited Financial Statements for the Year Ended 31 October 2024

for

William Hastings Group Limited

William Hastings Group Limited (Registered number: NI696628)






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




Page

Company Information 1

Directors' Report 2

Statement of Comprehensive Income 3

Balance Sheet 4

Notes to the Financial Statements 5


William Hastings Group Limited

Company Information
for the Year Ended 31 October 2024







Directors: Mr P D E Gibson
Mrs J A H Hastings
Mr H J Hastings
Mrs A C L Martin
Mrs A K McKimm
Mr J E Carson



Registered office: 1066 House
587 Upper Newtownards Road
Belfast
BT4 3LP



Registered number: NI696628 (Northern Ireland)



Accountants: Grant Thornton (NI) LLP
12-15 Donegall Square West
Belfast
Northern Ireland
BT1 6JH



Solicitors: Arthur Cox
Victoria House
15-17 Gloucester St
Belfast
BT1 4LS

William Hastings Group Limited (Registered number: NI696628)

Directors' Report
for the Year Ended 31 October 2024

The directors present their report with the financial statements of the company for the year ended 31 October 2024.

Principal activity
The principal activity of the company in the year under review was that of a holding company.

Post balance sheet events
Subsequent to the year end, four subsidiary undertakings of the company (Moyola (Investments) Limited, Fir Trees Lodge Hotel (1985) Limited, White's Hotels Limited and Moyola Night Clubs Limited) were voluntarily struck off.

Directors
The directors shown below have held office during the whole of the period from 1 November 2023 to the date of this report.

Mr P D E Gibson
Mrs J A H Hastings
Mr H J Hastings
Mrs A C L Martin
Mrs A K McKimm
Mr J E Carson

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:





Mr H J Hastings - Director


11 April 2025

William Hastings Group Limited (Registered number: NI696628)

Statement of Comprehensive Income
for the Year Ended 31 October 2024

Period
25.4.23
Year ended to
31.10.24 31.10.23
£    £   

Turnover - -
Operating profit and
Profit before taxation - -

Tax on profit - -
Profit for the financial year - -

William Hastings Group Limited (Registered number: NI696628)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
Fixed assets
Investments 4 46,547,930 46,547,930
Total assets less current liabilities 46,547,930 46,547,930

Capital and reserves
Called up share capital 46,547,930 46,547,930
46,547,930 46,547,930

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





Mr P D E Gibson - Director


William Hastings Group Limited (Registered number: NI696628)

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

1. Statutory information

The principal activity of the company during the year was that of a holding company.

The company is a private company, limited by shares and is registered in Northern Ireland, within the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

The functional and 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.

The following accounting policies have been applied consistently unless otherwise stated.

Going Concern
The company's activities, together with factors likely to affect its future development, performance and position are continuously reviewed by the directors. These include the company's cashflow, liquidity position and borrowing facilities. As a consequence, the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. The company meets its day to day working capital requirements through the group bank overdraft facilities.

The directors are confident that the company has adequate resources to continue its normal business with the continued support of fellow group companies for the foreseeable future, and accordingly they continue to adopt the going concern basis in preparing the Directors' report and financial statements.

Preparation of consolidated financial statements
The financial statements contain information about William Hastings Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less accumulated impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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).

William Hastings Group Limited (Registered number: NI696628)

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

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 November 2023
and 31 October 2024 46,547,930
Net book value
At 31 October 2024 46,547,930
At 31 October 2023 46,547,930

Subsidiary undertakings

The following are subsidiary undertakings of the company:


Name
Country of
Incorporation
Class of
shares

Holding

Principal activity
HHG No.11 Limited United Kingdom Ordinary 100% Property investment
William Hastings (Stormont) Limited* United Kingdom Ordinary 100% Dormant
HHG No.10 Limited * United Kingdom Ordinary 100% Holding company
William Hastings (Belfast) Limited * United Kingdom Ordinary 100% Property investment
Moyola (Investments) Limited * United Kingdom Ordinary 100% Dormant
Fir Trees Lodge Hotel (1985) Limited * United Kingdom Ordinary 100% Dormant
White's Hotels Limited * United Kingdom Ordinary 100% Dormant
Moyola Night Clubs Limited * United Kingdom Ordinary 100% Dormant

* Investment held by a subsidiary undertaking.

The registered office address of the above subsidiary undertakings is 1066 House, 587 Upper Newtownards Road, Belfast BT4 3LP.

Subsequent to the year end, Moyola (Investments) Limited, Fir Trees Lodge Hotel (1985) Limited, White's Hotels Limited and Moyola Night Clubs Limited were voluntarily struck off.

5. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

6. Post balance sheet events

Subsequent to the year end, four subsidiary undertakings of the company (Moyola (Investments) Limited, Fir Trees Lodge Hotel (1985) Limited, White's Hotels Limited and Moyola Night Clubs Limited) were voluntarily struck off.

7. Ultimate controlling party

The ultimate controlling party is the Hastings Family.