REGISTERED NUMBER: 06905628 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

HLS DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C W Howarth

Mr D J P Logie

REGISTERED OFFICE:

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

REGISTERED NUMBER:

06905628 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Tangible assets

4

5,800

8,127

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

5

82,543

78,551

85,543

81,551

CREDITORS

Amounts falling due within one year

6

89,912

81,837

NET CURRENT LIABILITIES

(4,369

)

(286

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,431

7,841

CREDITORS

Amounts falling due after more than one year

7

1,328

6,547

NET ASSETS

103

1,294

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9

101

1,292

SHAREHOLDERS' FUNDS

103

1,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 8th September 2025 and were signed on its behalf by:

Mr C W Howarth - Director

Mr D J P Logie - Director

1.	STATUTORY INFORMATION

HLS Developments 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.

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

-

Straight line over 3 years

Fixtures and fittings

-

Straight line over 3 years

Motor vehicles

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

and 31st March 2025

357

140

16,597

1,102

18,196

DEPRECIATION

At 1st April 2024

357

140

8,470

1,102

10,069

Charge for year

-

-

2,327

-

2,327

At 31st March 2025

357

140

10,797

1,102

12,396

NET BOOK VALUE

At 31st March 2025

-

-

5,800

-

5,800

At 31st March 2024

-

-

8,127

-

8,127

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Directors' current accounts

41,790

44,833

Tax

11,601

13,068

Accrued income

28,318

19,693

Prepayments

834

957

82,543

78,551

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 8)

19,561

22,615

Trade creditors

22,773

17,387

Tax

13,604

9,797

Social security and other taxes

2,819

2,741

VAT

12,816

13,412

Credit cards

16,639

13,890

Accrued expenses

1,700

1,995

89,912

81,837

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 8)

1,328

6,547

8.

LOANS

Included within creditors is a Bounce Back Loan totalling £6,547.41. This scheme is for businesses that have been negatively affected by the coronavirus pandemic and is 100% guaranteed by the UK Government in the event of a default.

9.

RESERVES

Retained

earnings

£

At 1st April 2024

1,292

Profit for the year

34,097

Dividends

(35,288

)

At 31st March 2025

101

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25

31.3.24

£

£

Mr C W Howarth

Balance outstanding at start of year

22,483

25,416

Amounts advanced

480

567

Amounts repaid

(2,000

)

(3,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,963

22,483

Mr D J P Logie

Balance outstanding at start of year

22,351

25,287

Amounts advanced

477

564

Amounts repaid

(2,000

)

(3,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,828

22,351

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Howarth and Mr D J Logie.