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REGISTERED NUMBER: 01455303 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Headcrown Group Limited

Headcrown Group Limited (Registered number: 01455303)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Headcrown Group Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: C A Brian BSc Eng ACA



REGISTERED OFFICE: 15 Newland
Lincoln
LN1 1XG



REGISTERED NUMBER: 01455303 (England and Wales)



ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG



BANKERS: Lloyds Bank plc
5 St Paul's Square
Old Hall Street
Liverpool
L3 9SJ

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Headcrown Group Limited

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Headcrown Group Limited for the year ended 30 September 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 director of Headcrown Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Headcrown Group Limited and state those matters that we have agreed to state to the director of Headcrown Group Limited 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 Headcrown Group Limited and its director for our work or for this report.

It is your duty to ensure that Headcrown Group Limited 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 loss of Headcrown Group Limited. You consider that Headcrown Group Limited 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 Headcrown Group Limited. 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


22 May 2025

Headcrown Group Limited (Registered number: 01455303)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 431 575
Investments 5 574,970 3,135,322
575,401 3,135,897

CURRENT ASSETS
Debtors 6 238,989 501,640
Cash at bank 509,680 115,030
748,669 616,670
CREDITORS
Amounts falling due within one year 7 216,041 209,929
NET CURRENT ASSETS 532,628 406,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,108,029

3,542,638

CAPITAL AND RESERVES
Called up share capital 9 375,000 375,000
Revaluation reserve 10 574,970 3,135,322
Retained earnings 158,059 32,316
SHAREHOLDERS' FUNDS 1,108,029 3,542,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 May 2025 and were signed by:





C A Brian BSc Eng ACA - Director


Headcrown Group Limited (Registered number: 01455303)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Headcrown Group Limited 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.

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 - 25% on reducing balance

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Fixed asset investments
Accounting regulations recognise that alternative accounting rules are required in order to fairly show the value of certain assets.

The Directors have taken the opinion that in order to show a true and fair view of the current position of the company's investments, revaluations of the investments up to the balance sheet values, adjusted for the level of ownership, should be recognised.

Such revaluations are shown through the revaluation reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Headcrown Group Limited (Registered number: 01455303)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2023
and 30 September 2024 14,036
DEPRECIATION
At 1 October 2023 13,461
Charge for year 144
At 30 September 2024 13,605
NET BOOK VALUE
At 30 September 2024 431
At 30 September 2023 575

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 3,135,322
Revaluations (2,560,352 )
At 30 September 2024 574,970
NET BOOK VALUE
At 30 September 2024 574,970
At 30 September 2023 3,135,322

Fixed asset investments consist of shares in subsidiaries.

These investments were revalued to the net asset values of the subsidiary companies at 30 September 2024 which, in the opinion of the directors, equates to their fair value at this date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 238,989 429,900
Other debtors - 71,740
238,989 501,640

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 3,657
Amounts owed to group undertakings 141,185 181,400
Taxation and social security 67,856 9,372
Other creditors 7,000 15,500
216,041 209,929

8. SECURED DEBTS

At the year end the company is party to fixed and floating charges covering all the property of the company.

Headcrown Group Limited (Registered number: 01455303)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
375,000 Ordinary Shares £1 375,000 375,000

10. RESERVES
Revaluation
reserve
£   
At 1 October 2023 3,135,322
Revaluation reserve movement (2,560,352 )

At 30 September 2024 574,970

11. OTHER FINANCIAL COMMITMENTS

Headcrown Group Limited is the guarantor of all present and future obligations and liabilities of Cruden Group FSPS Holdings Limited to make payments to the Cruden Group Retirement Benefits Scheme up to a maximum amount of £1,000,000 less any contributions made to the Scheme by Cruden Group FSPS Holdings Limited since 25 March 2017.