Heart of England Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05246934 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Heart of England Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S T Hammon

SECRETARY:

J Hyde

REGISTERED OFFICE:

Heart of England Conference & Events

Meriden Road

Fillongley

Coventry

West Midlands

CV7 8DX

REGISTERED NUMBER:

05246934 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Tangible assets

4

1,853,467

1,868,434

Investments

5

402

1,853,869

1,868,836

CREDITORS

Amounts falling due within one year

6

335,923

429,934

NET CURRENT LIABILITIES

(335,923

)

(429,934

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,517,946

1,438,902

CAPITAL AND RESERVES

Called up share capital

8

102

Retained earnings

1,517,844

1,438,800

SHAREHOLDERS' FUNDS

1,517,946

1,438,902

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 March 2025 and were signed by:

S T Hammon - Director

1.	STATUTORY INFORMATION

Heart of England 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.

The 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Tangible assets are initially recognised at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2024

and 31 December 2024

1,870,834

DEPRECIATION

At 1 January 2024

2,400

Charge for year

14,967

At 31 December 2024

17,367

NET BOOK VALUE

At 31 December 2024

1,853,467

At 31 December 2023

1,868,434

Land and buildings relate to the site of the Heart of England Conference and Events Centre, Meriden Road, Fillongley, Coventry, CV7 8DX.

The site is leased to a subsidiary undertaking for use in its trade.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

and 31 December 2024

402

NET BOOK VALUE

At 31 December 2024

402

At 31 December 2023

402

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Heart of England Promotions Limited

Registered office: United Kingdom

Nature of business: Conference, wedding, and events centre

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

Aggregate capital and reserves

525,541

560,787

Profit for the year

131,899

713,234

Heart Pods Limited

Registered office: United Kingdom

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

Aggregate capital and reserves

100

Heart Park Limited

Registered office: United Kingdom

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

Aggregate capital and reserves

100

Heart of England Events Limited

Registered office: United Kingdom

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

Aggregate capital and reserves

2

Road to Hell Limited

Registered office: United Kingdom

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

Aggregate capital and reserves

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed to group undertakings

334,591

427,648

Directors' current accounts

72

486

Accrued expenses

1,260

1,800

335,923

429,934

7.	SECURED DEBTS

During the year, the company purchased the site of Heart of England Conference and Events Centre.

A cross-guarantee is in place, with the bank loans of the subsidiary company, Heart of England Promotions Limited, being secured against this property.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

102

Ordinary

£1

102

The Company's authorised share capital is £1,000 divided into 1,000 shares of £1.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

S T Hammon

Balance outstanding at start of year

(486

)

-

Amounts advanced

72,914

56,514

Amounts repaid

(72,500

)

(57,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(72

)

(486

)

The above loan due to the director from the company is interest free and has no set terms of repayment.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is S T Hammon.