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REGISTERED NUMBER: 06338229 (England and Wales)















HOSTING DEVELOPMENTS LTD GROUP

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Group Strategic Report 2 to 4

Report of the Directors 5 to 7

Report of the Independent Auditors 8 to 10

Consolidated Income Statement 11

Consolidated Other Comprehensive Income 12

Consolidated Statement of Financial Position 13

Company Statement of Financial Position 14

Consolidated Statement of Changes in Equity 15

Company Statement of Changes in Equity 16

Consolidated Statement of Cash Flows 17

Notes to the Consolidated Statement of Cash Flows 18

Notes to the Consolidated Financial Statements 19 to 27


HOSTING DEVELOPMENTS LTD GROUP

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M Cantrell
J Colloff
A Craggs
S B Cullen
M Halley





SECRETARY: S B Cullen





REGISTERED OFFICE: A1-A46 Junction
Lincoln Road
Newark
Nottinghamshire
NG24 2EA





REGISTERED NUMBER: 06338229 (England and Wales)





AUDITORS: Duncan & Toplis Audit Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their strategic report of the company and the group for the year ended 30 September 2024.

PRINCIPAL ACTIVITIES, REVIEW OF BUSINESS AND FUTURE DEVELOPMENTS
The group is a multi-franchise operation representing leading motorhome manufacturers from across the UK and Europe.

The group operates at Newark and is the biggest single site retailer of new and used motorhomes in the UK. As well as retailing motorhomes the group also has comprehensive aftersales, servicing and repair facilities along with an accessory shop. The Newark site is a unique destination which, in addition to its showroom displaying up to 40 motorhomes for sale, has a cafe and leisure centre together with overnight camping facilities for the exclusive use of its customers.

The results for the period and the financial position of the group are shown in the annexed financial statements.

The directors are pleased to report another year of strong profitability. The group made a profit before tax of £1.12m (2023 - £2.77m). This was a result of a more competitive marketplace meaning profits were reduced.

The group’s consistent profitability has also been as a result of increased new and used motorhome buying by management, good control of costs and the close control and monitoring of all aspects of the business by senior management.

The group has excellent relationships with its bankers and franchisors and meets all its requirements on time.

There are no planned changes to the principal activities of the group. The directors believe the business is well placed to face any challenges ahead and are encouraged by the continuing high demand for motorhomes since the financial yearend, however, the 2024/25 financial year will be adversely impacted by excessive stock levels throughout the industry, leading to an even more competitive trading environment.

Review of financial position

At 30 September 2024, the group remained in a strong net cash position with a net balance of £3.4m (2023 - £5.1m).

As a result of the profitability in the year and the payments to the EOT, the group's net assets slightly reduced to £6.8m (2023 - £7.1m). The net current asset position reduced to £5.4m (2023 - £6.4m).

Based upon the strong financial position of the group, the directors are able to make strategic decisions and take advantage of opportunities as they arise.


HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

PRINCIPAL RISKS AND UNCERTAINTIES
Business environment

The management of the business and the execution of the group’s strategy are subject to a number of risks such as the UK economy, the reliance on motorhome manufacturers and their supply chain, and the GBP/EUR exchange rate. These risks are reviewed by the Board and where appropriate, monitored and mitigated by suitable processes.

The directors keep abreast of the current economic conditions and will continue to modify policies to reflect the market conditions.

They continue to have good relationships with and the continued support of their bankers and franchisors.

The policies of the board of directors are implemented by the group's finance department. The department has policies and procedures to manage interest and currency rate risks together with credit risk and the circumstances where it would be appropriate to use financial instruments to manage these.

Inventory control

The directors review the levels, ageing and valuation of stock monthly. This close control ensures that availability and choice for customers is maintained. This means that the group is able to make informed decisions and react quickly to changes in market conditions as required.

Financial control

The group’s operations expose it to a variety of financial risks that include the effects of changes in debt market prices, credit risk, liquidity risk, currency risk and interest rate risk. The group has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the group by monitoring levels of debt finance and related finance costs.

Policies are also in place to ensure that funds are cleared on vehicles prior to delivery to ensure this risk is minimised. Where consumer finance is utilised, this is subject to acknowledgement that a customer has been accepted for finance prior to delivery.

To reduce the group’s exposure to currency risk, fixed contracts and options are considered on a regular basis by the board. The directors keep this situation under constant review and are able to act to mitigate the group’s currency risk when required.


HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

SECTION 172(1) STATEMENT
The directors of the group act in accordance with the duties set out in section 172(1) of the Companies Act 2006 to promote the success of the group for the benefit of its members, and in doing so have regard (amongst other matters) to:

a. The likely consequences of any decision in the long term
b. The interests of the group's employees
c. The need to foster the group's business relationships with suppliers, customers and others
d. The impact of the group's operations on the community and the environment
e. The desirability of the group maintaining a reputation for high standards of business conduct, and
f. The need to act fairly as between members of the group.

The board of directors meet monthly and all major decisions are discussed and agreed based on their potential short and long-term risks and rewards.

The directors are mindful that good employees are key to any business and staff are regularly consulted by way of a monthly newsletter, employee council meetings, suggestion boxes and representation at health and safety meetings. The group believes that staff pay is competitive and undertakes a pay review every year with all staff receiving an annual increase. Additionally, employees benefit from private medical insurance, death-in-service life assurance and a profit share bonus since the group became an Employee Ownership Trust. The group believes it to be a good employer as evidenced by low staff turnover, an increasing number of long serving employees and a very stable and long serving management team.

The group has excellent relationships with its key suppliers, the motorhome manufacturers, and for many years has had a strategy of limiting the number of manufacturers it represents and being a major supplier for each to enhance those relationships for the benefit of all parties. The group has five manufacturer relationships and is the UK’s biggest selling dealer (by motorhomes sold) for each of these. Strategically, around 75% of the motorhomes the group sells are sourced from UK manufacturers which gives greater certainty on supply as almost all their product is built for the UK market. The remaining 25% is sourced from European manufacturers.

Customer satisfaction is of great importance to the group and is measured by surveys sent to all motorhome buying and service customers and TrustPilot reviews. The feedback is read by the executive directors and management team and acted upon to continuously improve customer service.
The group also operates Club Brownhills which all its motorhome buying customers automatically become members of for the lifetime of their ownership of that motorhome and includes complimentary benefits such as overnight stays with electric hook-up; use of the swimming pool, sauna, spa and washroom/changing facilities; use of the club lounge and kitchen; attendance at member weekend events where food and entertainment is laid on; and an invite to member Christmas lunches throughout December. This offering is unique throughout the industry and is very well received by the members and along with good service helps maintain customer loyalty.

The group always aims to foster good relationships with its neighbours, local authorities and community, and sponsors local football and rugby clubs. Additionally, the group nominates a charity of the year and the proceeds raised at club member events are passed on. Wherever possible the group uses local suppliers to help the local economy.

The group takes its environmental responsibilities seriously and recycles, has solar panels on the roof of the building, and minimises energy consumption by using low energy lighting and software to minimise energy waste.

The directors always strive to act professionally and with integrity in the interests of the group’s reputation, financial wellbeing and the stakeholders. The group is not controlled by any one individual and therefore decision making is undertaken collectively by the directors. The Chief Executive Officer and Chief Operating Officer are members of the Employee Ownership Trust board of trustees where they explain director decision-making to the other trustees - two employee trustees and an independent trustee.

ON BEHALF OF THE BOARD:





S B Cullen - Director


26 June 2025

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their report with the financial statements of the company and the group for the year ended 30 September 2024.

DIVIDENDS
No dividends will be distributed for the year ended 30 September 2024.

The profit for the year, after taxation, amounted to £964,546 (2023 - £1,867,582).

The directors do not recommend payment of a dividend.

Financial risk management objectives and policies

These are disclosed in the Strategic Report.

FUTURE DEVELOPMENTS
Information on the likely future developments in the business of the group has been included on the Strategic Report on page 1.

DIRECTORS
A P Craggs
M Halley
M Cantrell (appointed 1 January 2024)
J Colloff (appointed 1 January 2024)

STREAMLINED ENERGY AND CARBON REPORTING
The group has reviewed its energy consumption and calculated its greenhouse gas emissions for the period 1 October 2023 to 30 September 2024 as follows along with a comparison to the prior year figures.

Units 2024 2023
Energy Consumption- Electricity kWh 513,043 497,651
Energy Consumption- Gas kWh 700,287 814,474
Energy Consumption- Own transport Litres 69,318 49,585

Electricity Emissions tCO2e 120 116
Gas Emissions tCO2e 129 150
Own Transport Emissions 166 119
Total Gross Emissions tCO2e 415 385

Turnover £m 101.2 98.4

Intensity Ratio tCO2e/£m 4.1 3.9

The group’s Intensity Ratio increased in comparison to prior year due to the effect of higher turnover only partially offsetting an increased amount of Total Reported Emissions. Gas usage was reduced due to a milder winter. Transport emissions have increased due to the amount of fuel placed into customers vans ahead of collection.

The company has taken action and will continue to do so to improve energy efficiency including:
- Generating a portion of its electricity from 149.76 KWp solar panels on the building roof
- Using LED lighting in all areas of the business
- Increasing the number of fully electric cars which now comprise 40% of its total vehicle fleet
- Discussing energy consumption and means to reduce it at management and director level


HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained
in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for preparing the group strategic report, the directors' report and the consolidated financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period.

In preparing these financial statements, the directors are required to:

• select suitable accounting policies for the group's financial statements and then apply them consistently;
• make judgements and accounting estimates that are reasonable and prudent;
• state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements; and
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group
will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

DISCLOSURE OF INFORMATION TO AUDITORS
Each of the persons who are directors at the time when this directors' report is approved has confirmed that:

• so far as the director is aware, there is no relevant audit information of which the company and the group's
auditor is unaware; and

• the director has taken all the steps that ought to have been taken as a director in order to be aware of any
relevant audit information and to establish that the company and the group's auditor is aware of that information.

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:





S B Cullen - Director


26 June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HOSTING DEVELOPMENTS LTD GROUP

Opinion
We have audited the financial statements of Hosting Developments Ltd Group (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 September 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HOSTING DEVELOPMENTS LTD GROUP


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page six, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, knowledge of the sector, a review of regulatory and legal correspondence and through discussions with directors and other management obtained as part of the work required by auditing standards. We have also discussed with the directors and other management the policies and procedures relating to compliance with laws and regulations. We communicated laws and regulations throughout the team and remained alert to any indications of non-compliance throughout the audit.

The potential impact of different laws and regulations varies considerably. Firstly, the company is subject to laws and regulations that directly impact the financial statements (for example financial reporting legislation) and we have assessed the extent of compliance with such laws and regulations as part of our financial statements audit. This included the identification and testing of unusual material journal entries and challenging management on key areas of uncertainty being the estimates, assumptions and judgements made in the preparation of the financial statements. These key areas of uncertainty are disclosed in the accounting policies.

Secondly, the company is subject to other laws and regulations where the consequence for non-compliance could have a material effect on the amounts or disclosures in the financial statements. We identified the following areas as those most likely to have such an effect: Health and Safety regulations, Employment law and Environmental regulations. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection. Through these procedures, if we became aware of any non-compliance, we considered the impact on the procedures performed on the related financial statements items.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. As with any audit, there is a greater risk of non-detection of irregularities as these may involve collusion, intentional omissions or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HOSTING DEVELOPMENTS LTD GROUP


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Rachel Rudkin (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

27 June 2025

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

REVENUE 4 101,193,058 98,354,975

Cost of sales 89,881,030 85,441,344
GROSS PROFIT 11,312,028 12,913,631

Administrative expenses 10,300,299 10,074,531
1,011,729 2,839,100

Other operating income 587,113 -
OPERATING PROFIT 6 1,598,842 2,839,100

Interest receivable and similar income 116,144 -
1,714,986 2,839,100

Interest payable and similar expenses 7 498,229 199,580
PROFIT BEFORE TAXATION 1,216,757 2,639,520

Tax on profit 8 252,211 771,938
PROFIT FOR THE FINANCIAL YEAR 964,546 1,867,582
Profit attributable to:
Owners of the parent 964,546 1,867,582

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 964,546 1,867,582


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 964,546 1,867,582

Total comprehensive income attributable to:
Owners of the parent 964,546 1,867,582

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 - -
Property, plant and equipment 11 1,342,253 695,380
Investments 12 - -
1,342,253 695,380

CURRENT ASSETS
Inventories 13 27,378,105 13,413,143
Debtors 14 2,690,043 2,161,978
Cash at bank 3,419,563 5,112,668
33,487,711 20,687,789
CREDITORS
Amounts falling due within one year 15 28,152,224 14,202,323
NET CURRENT ASSETS 5,335,487 6,485,466
TOTAL ASSETS LESS CURRENT LIABILITIES 6,677,740 7,180,846

PROVISIONS FOR LIABILITIES 17 32,348 -
NET ASSETS 6,645,392 7,180,846

CAPITAL AND RESERVES
Called up share capital 18 11 11
Share premium 19 60,002 60,002
Retained earnings 19 6,585,379 7,120,833
SHAREHOLDERS' FUNDS 6,645,392 7,180,846

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





S B Cullen - Director


HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

COMPANY STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 - -
Property, plant and equipment 11 - -
Investments 12 2 2
2 2

CURRENT ASSETS
Debtors 14 93,004 93,004
NET CURRENT ASSETS 93,004 93,004
TOTAL ASSETS LESS CURRENT LIABILITIES 93,006 93,006

CAPITAL AND RESERVES
Called up share capital 18 11 11
Share premium 19 60,002 60,002
Retained earnings 19 32,993 32,993
SHAREHOLDERS' FUNDS 93,006 93,006

Company's profit for the financial year - -

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





S B Cullen - Director


HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 October 2022 11 7,253,251 60,002 7,313,264

Changes in equity
Total comprehensive income - 1,867,582 - 1,867,582
Contributions to employment
ownership trust

-

(2,000,000

)

-

(2,000,000

)
Balance at 30 September 2023 11 7,120,833 60,002 7,180,846

Changes in equity
Total comprehensive income - 964,546 - 964,546
Contributions to employment
ownership trust

-

(1,500,000

)

-

(1,500,000

)
Balance at 30 September 2024 11 6,585,379 60,002 6,645,392

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 October 2022 11 32,993 60,002 93,006

Changes in equity
Balance at 30 September 2023 11 32,993 60,002 93,006

Changes in equity
Balance at 30 September 2024 11 32,993 60,002 93,006

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,138,130 1,664,315
Interest paid (498,229 ) (199,581 )
Tax paid (94,734 ) (120,000 )
Net cash from operating activities 545,167 1,344,734

Cash flows from investing activities
Purchase of tangible fixed assets (1,082,067 ) (412,017 )
Sale of tangible fixed assets 227,651 42,809
Interest received 116,144 -
Net cash from investing activities (738,272 ) (369,208 )

Cash flows from financing activities
Distributions to the EOT (1,500,000 ) (2,000,000 )
Net cash from financing activities (1,500,000 ) (2,000,000 )

Decrease in cash and cash equivalents (1,693,105 ) (1,024,474 )
Cash and cash equivalents at beginning of year 2 5,112,668 6,137,142

Cash and cash equivalents at end of year 2 3,419,563 5,112,668

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 1,216,757 2,639,520
Depreciation charges 232,470 238,048
Profit on disposal of fixed assets (24,927 ) (2,912 )
Finance costs 498,229 199,580
Finance income (116,144 ) -
1,806,385 3,074,236
Increase in inventories (13,964,962 ) (5,651,715 )
Increase in trade and other debtors (653,194 ) (913,938 )
Increase in trade and other creditors 13,949,901 5,155,732
Cash generated from operations 1,138,130 1,664,315

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 September 2024
30.9.24 1.10.23
£    £   
Cash and cash equivalents 3,419,563 5,112,668
Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 5,112,668 6,137,142


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.23 Cash flow At 30.9.24
£    £    £   
Net cash
Cash at bank and in hand 5,112,668 (1,693,105 ) 3,419,563
5,112,668 (1,693,105 ) 3,419,563
Total 5,112,668 (1,693,105 ) 3,419,563

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Hosting Developments Ltd Group 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 General Information page.

2. ACCOUNTING POLICIES

2.1 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of freehold buildings and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires group management to exercise judgement in applying the company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2 Parent company disclosure exemptions

In preparing the separate financial statements of the parent company, advantage has been taken of the following disclosure exemptions available in FRS 102:

- no cash flow statement has been presented for the parent company; and
- no disclosure has been given for the aggregate remuneration of the key management personnel of the parent company as their remuneration is included in the totals for the group as a whole.

2.3 Basis of consolidation
The consolidated financial statements present the results of the group and its own subsidiaries ("the group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the consolidated statement of comprehensive income from the date on which control is obtained. They are de-consolidated from the date control ceases.

2.4 Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will have sufficient funds available to enable it to continue to trade for the foreseeable future. In making their assessment that this assumption is correct the directors have undertaken an in depth review of the business, its current prospects, and cash resources.

After due consideration of these forecasts, current and forecast cash resources and the support of the company's bankers, the directors consider that the company has adequate financial resources to continue in operational existence for the foreseeable future, and for this reason the financial statements have been prepared on a going concern basis.

Related party exemption
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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover represents sales to external customers at invoiced amounts less value added tax or local taxes on sales.

Sales of motorhomes, parts and accessories are recognised on the earlier of full payment or delivery to the customer. Service sales are recognised on completion of the agreed work.

Intangible assets
Goodwill relates to the acquisition of a business in 2008, and is the difference between the fair value of the consideration paid and the fair value of the assets and liabilities acquired. Positive goodwill is capitalised and amortised through the consolidated statement of comprehensive income over the directors' estimate of its useful economic life of 20 years. Impairment tests on the carrying value of goodwill are undertaken:

- at the end of the first full financial year following acquisition; and
- in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS102 in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the consolidated statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company and the group operate and generate income.


HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits;
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances
have been met; and
- Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and
joint ventures and the group can control the reversal of the timing differences and such reversal is not
considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Foreign currency transactions are translated into sterling at the rates ruling when they occurred.

Foreign currency monetary assets and liabilities are translated at the rates ruling at the balance sheet date. Any differences are taken to the consolidated statement of comprehensive income.

Financial liability and equity

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

Finance costs

Finance costs are charged to the consolidated statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Hire purchase and leasing commitments
Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable over the term of the lease. The corresponding leasing commitments are shown as amounts payable to the lessor. Depreciation on the relevant assets is charged to the consolidated statement of comprehensive income account over the shorter of estimated useful economic life and the period of the lease.

Lease payments are analysed between capital and interest components so that the interest element of the payment is charged to the consolidated statement of comprehensive income over the period of the lease and is calculated so that it represents a constant proportion of the balance of capital repayments outstanding. The capital part reduces the amounts payable to the lessor.

All other leases are treated as operating leases. Their annual rentals are charged to the consolidated statement of comprehensive income on a straight-line basis over the term of the lease.

Defined contribution pension plan
The group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the group pays fixed contributions into a separate entity. Once the contributions have been paid the group has no further payment obligations.

The contributions are recognised as an expense in the consolidated statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the group in independently administered funds.

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are management's best knowledge of the amount, events or actions, actual amounts ultimately may differ from those estimates.

The directors have made the following critical estimates and judgements deemed to be applicable to the financial statements:

Stocks

Consideration has been given by the directors to the level of provision against vehicle stocks. In determining the provision required the directors have used guidance from independent valuation tools and their knowledge of the industry.

4. REVENUE

The revenue and profit before taxation are attributable to the one principal activity of the group.

An analysis of revenue by class of business is given below:

2024 2023
£    £   
Vehicles 97,937,896 95,119,014
Aftersales 3,009,163 3,014,053
Other 245,999 221,908
101,193,058 98,354,975

5. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 6,791,088 7,498,804
Social security costs 666,206 473,000
Other pension costs 162,122 145,234
7,619,416 8,117,038

The average number of employees during the year was as follows:
2024 2023

Sales 56 58
Administration 48 37
Service 81 74
Parts 16 18
201 187

The average number of employees by undertakings that were proportionately consolidated during the year was NIL (2023 - NIL).

2024 2023
£    £   
Directors' remuneration 517,122 477,235

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Accrued lump sum at 30 September 2024 159,363 263,009

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. EMPLOYEES AND DIRECTORS - continued

During the year retirement benefits were accruing to 4 directors (2023 - 2) in respect of defined contribution pension schemes.

The value of the company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £13,622 (2023 - £13,660).

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 1,915 11,388
Depreciation - owned assets 232,470 238,048
Profit on disposal of fixed assets (24,927 ) (2,912 )
Auditors remuneration 42,000 41,940
Impairment of stocks 30,060 12,683
Operating lease expense 632,271 584,470
Exchange differences 127,034 (13,944 )

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 498,229 199,580

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 29,036 (18,929 )

Deferred tax 223,175 790,867
Tax on profit 252,211 771,938

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 1,216,757 2,639,520
Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2023 -
19 %)

304,189

501,509

Effects of:
Expenses not deductible for tax purposes 20,772 21,324
Capital allowances in excess of depreciation (10,771 ) -
Adjustments to tax charge in respect of previous periods - 14,240
Fixed asset difference - (471 )
Changed in deferred tax rate (9,876 ) (22,006 )
Remeasurement of deferred tax for changes in tax rates (52,103 ) 257,342
Total tax charge 252,211 771,938

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. TAXATION - continued

The UK Government have confirmed that the main rate of corporation tax will increase to 25% from April 2023. At the balance sheet date deferred tax has been calculated at the enhanced rate of 25%.

9. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


10. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 17,969,087
AMORTISATION
At 1 October 2023
and 30 September 2024 17,969,087
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

11. PROPERTY, PLANT AND EQUIPMENT

Group
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 - 743,748 480,491 127,289 1,351,528
Additions 739,198 87,085 231,623 24,161 1,082,067
Disposals - (1,482 ) (228,231 ) (76 ) (229,789 )
At 30 September 2024 739,198 829,351 483,883 151,374 2,203,806
DEPRECIATION
At 1 October 2023 - 413,745 154,537 87,866 656,148
Charge for year 23,228 115,413 71,575 22,254 232,470
Eliminated on disposal - - (27,065 ) - (27,065 )
At 30 September 2024 23,228 529,158 199,047 110,120 861,553
NET BOOK VALUE
At 30 September 2024 715,970 300,193 284,836 41,254 1,342,253
At 30 September 2023 - 330,003 325,954 39,423 695,380

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 2
NET BOOK VALUE
At 30 September 2024 2
At 30 September 2023 2

The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Subsidiary

Brownhills Motorhomes Limited
Registered office: A1/A46 Junction, Newark, Nottinghamshire, NG24 2EA.
Nature of business: Retailer of motorhomes
%
Class of shares: holding
Ordinary 100.00


13. STOCKS

Group
2024 2023
£    £   
Work-in-progress (23,720 ) 20,387
Finished goods 27,401,825 13,392,756
27,378,105 13,413,143

Vehicle stocks held under consignment stocking agreements which are deemed to be assets of the company are included on the balance sheet from the point of consignment. The corresponding liability to the manufacturers is included within creditors. Stocks are held on consignment until adopted.

There is no material difference between the replacement cost of stocks and the amounts stated above.

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 1,447,053 724,443 - -
Amounts owed by group undertakings - - 93,004 93,004
Tax 65,698 - - -
Deferred tax asset - 190,827 - -
Prepayments and accrued income 1,177,292 1,246,708 - -
2,690,043 2,161,978 93,004 93,004

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Deferred tax asset
Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred taxation - 190,827 - -

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
2024 2023
£    £   
Trade creditors 22,994,191 8,915,878
Other taxes and social security 1,073,070 775,799
Accruals and deferred income 4,084,963 4,510,646
28,152,224 14,202,323

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 649,605 561,250
Between one and five years 2,817,229 2,219,888
In more than five years 15,166,101 9,315,000
18,632,935 12,096,138

The company had no commitments under the non-cancellable operating leases as at the balance sheet date.

17. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred taxation 32,348 -

Group
Deferred
tax
£   
Balance at 1 October 2023 (190,827 )
Provided during year 223,175
Balance at 30 September 2024 32,348

HOSTING DEVELOPMENTS LTD GROUP (REGISTERED NUMBER: 06338229)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,053 Allotted called up and fully
paid 0.01 11 11

19. RESERVES

The company's capital and reserves are as follows:

Called up share capital

Called up share capital represents the nominal value of the shares issued.

Share premium account

The share premium account includes the premium on issue of equity shares, net of any issue costs.

Revaluation reserve

The revaluation reserve represents accumulated revaluation gains on freehold land and buildings.

Capital redemption reserve

The capital redemption reserve represents the nominal value of shares repurchased by the company.

Profit and loss account

The profit and loss account represents cumulative profits or losses, net of dividends paid and other
adjustments

20. PENSION COMMITMENTS

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension charge amounted to £162,112 (2023 - £145,235).

21. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption conferred by FRS 102 not to disclose transactions with its wholly owned subsidiaries.

22. ULTIMATE CONTROLLING PARTY

The company is controlled by the trustees of Brownhills Motorhomes EOT Limited. The directors consider that no one person controls the company.