H.G. Holdings Limited 09480572 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is Holding Company Digita Accounts Production Advanced 6.30.9574.0 true false false 09480572 2023-10-01 2024-09-30 09480572 2024-09-30 09480572 bus:OrdinaryShareClass1 2024-09-30 09480572 core:RetainedEarningsAccumulatedLosses 2024-09-30 09480572 core:ShareCapital 2024-09-30 09480572 core:CurrentFinancialInstruments 2024-09-30 09480572 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 09480572 core:CostValuation 2024-09-30 09480572 core:DisposalsDecreaseInInvestments 2024-09-30 09480572 core:MotorVehicles 2024-09-30 09480572 bus:SmallEntities 2023-10-01 2024-09-30 09480572 bus:Audited 2023-10-01 2024-09-30 09480572 bus:FilletedAccounts 2023-10-01 2024-09-30 09480572 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09480572 bus:RegisteredOffice 2023-10-01 2024-09-30 09480572 bus:Director3 2023-10-01 2024-09-30 09480572 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 09480572 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09480572 core:MotorVehicles 2023-10-01 2024-09-30 09480572 core:Vehicles 2023-10-01 2024-09-30 09480572 1 2023-10-01 2024-09-30 09480572 countries:AllCountries 2023-10-01 2024-09-30 09480572 countries:England 2023-10-01 2024-09-30 09480572 2023-09-30 09480572 core:AdditionsToInvestments 2023-09-30 09480572 core:MotorVehicles 2023-09-30 09480572 2022-10-01 2023-09-30 09480572 2023-09-30 09480572 bus:OrdinaryShareClass1 2023-09-30 09480572 core:RetainedEarningsAccumulatedLosses 2023-09-30 09480572 core:ShareCapital 2023-09-30 09480572 core:CurrentFinancialInstruments 2023-09-30 09480572 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 09480572 core:CostValuation 2023-09-30 09480572 core:MotorVehicles 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09480572

H.G. Holdings Limited

Filleted Financial Statements

for the Year Ended 30 September 2024

 

H.G. Holdings Limited

Registration number: 09480572

Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

760,949

252,911

Investment property

5

133,000

-

Investments

6

1,200

875

 

895,149

253,786

Current assets

 

Debtors

7

971,479

120,828

Cash at bank and in hand

 

1,167,667

1,399,049

 

2,139,146

1,519,877

Creditors: Amounts falling due within one year

8

(961,935)

(440,871)

Net current assets

 

1,177,211

1,079,006

Net assets

 

2,072,360

1,332,792

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

2,072,260

1,332,692

Shareholders' funds

 

2,072,360

1,332,792

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 June 2025 and signed on its behalf by:
 


Mr S A Hunt
Director

   
 

H.G. Holdings Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
26-30 Midland Road
Scunthorpe
North Lincolnshire
DN16 1DQ

Registered number: 09480572.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is exempt from the obligation to prepare and deliver group accounts as it is included in the accounts of a larger group.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 12 June 2025 was Robert Smith BSc FCA, who signed for and on behalf of RNS Chartered Accountants.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change
attributable to an item of income or expense recognised as other comprehensive income is also
recognised directly in other comprehensive income.

 

H.G. Holdings Limited

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

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% per annum on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

H.G. Holdings Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company during the year was 1 (2023 - 1).

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

263,340

263,340

Additions

653,174

653,174

At 30 September 2024

916,514

916,514

Depreciation

At 1 October 2023

10,429

10,429

Charge for the year

145,136

145,136

At 30 September 2024

155,565

155,565

Carrying amount

At 30 September 2024

760,949

760,949

At 30 September 2023

252,911

252,911

 

H.G. Holdings Limited

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

5

Investment properties

2024
£

Additions

133,000

At 30 September

133,000

The value of the investment properties are assessed each year by the directors. The directors are
experienced within the building trade regionally and nationally and hence are in a position to reliable
estimate this. The directors use observable market prices, adjusted if necessary for any difference in nature, location or condition of a specific asset.

There has been no valuation of investment property by an independent valuer.

6

Investments

2024
£

2023
£

Investments in subsidiaries

1,200

875

Subsidiaries

£

Cost or valuation

At 1 October 2023

875

Additions

400

Disposals

(75)

At 30 September 2024

1,200

Carrying amount

At 30 September 2024

1,200

At 30 September 2023

875

7

Debtors

2024
£

2023
£

Trade debtors

9,606

20,055

Amounts owed by related parties

810,777

37,548

Prepayments

28,128

13,778

Other debtors

15,533

2,000

Social security and other taxes

107,435

47,447

 

971,479

120,828

 

H.G. Holdings Limited

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

8

Creditors

2024
£

2023
£

Due within one year

Trade payables

9,717

1,281

Amounts due to related parties

870,946

389,453

Other payables

81,272

50,137

961,935

440,871

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

10

Parent and ultimate parent undertaking

The company's immediate parent is Hunt Group Limited, incorporated in the UK.
 

The parent of the largest group in which these financial statements are consolidated is Hunt Group, incorporated in UK.

The address of Hunt Group is:
26-30 Midland Road
Scunthorpe
North Lincolnshire
DN16 1DQ