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REGISTERED NUMBER: 11113139 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HASTINGS MANAGEMENT GROUP LTD

HASTINGS MANAGEMENT GROUP LTD (REGISTERED NUMBER: 11113139)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HASTINGS MANAGEMENT GROUP LTD

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTOR: Mr A Spyrka





REGISTERED OFFICE: 25-29 Sandy Way
Yeadon
Leeds
LS19 7EW





REGISTERED NUMBER: 11113139 (England and Wales)





ACCOUNTANTS: J S White & Co Limited
25-29 Sandy Way
Yeadon
Leeds
LS19 7EW

HASTINGS MANAGEMENT GROUP LTD (REGISTERED NUMBER: 11113139)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,944 2,910
Investment property 5 929,255 929,255
932,199 932,165

CURRENT ASSETS
Debtors 6 - 893
Cash at bank 1,687 8,400
1,687 9,293
CREDITORS
Amounts falling due within one year 7 324,583 297,614
NET CURRENT LIABILITIES (322,896 ) (288,321 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

609,303

643,844

CREDITORS
Amounts falling due after more than one
year

8

668,487

668,487
NET LIABILITIES (59,184 ) (24,643 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (59,185 ) (24,644 )
SHAREHOLDERS' FUNDS (59,184 ) (24,643 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

HASTINGS MANAGEMENT GROUP LTD (REGISTERED NUMBER: 11113139)

BALANCE SHEET - continued
31 December 2024


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 29 May 2025 and were signed by:





Mr A Spyrka - Director


HASTINGS MANAGEMENT GROUP LTD (REGISTERED NUMBER: 11113139)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Hastings Management Group 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.

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.

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.

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.

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 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).

HASTINGS MANAGEMENT GROUP LTD (REGISTERED NUMBER: 11113139)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 368 3,968 200 4,536
Additions - - 712 712
At 31 December 2024 368 3,968 912 5,248
DEPRECIATION
At 1 January 2024 368 1,098 160 1,626
Charge for year - 430 248 678
At 31 December 2024 368 1,528 408 2,304
NET BOOK VALUE
At 31 December 2024 - 2,440 504 2,944
At 31 December 2023 - 2,870 40 2,910

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 929,255
NET BOOK VALUE
At 31 December 2024 929,255
At 31 December 2023 929,255

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 893

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,749 21,523
Other creditors 322,834 276,091
324,583 297,614

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 668,487 668,487