Neil Hudgell Group Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09352902 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Neil Hudgell Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

N Hudgell

REGISTERED OFFICE:

No 2 At The Dock

46 Humber Street

Hull

East Riding

HU1 1TU

REGISTERED NUMBER:

09352902 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

FIXED ASSETS

Investments

4

2,852,715

Investment property

5

1,595,000

4,447,715

CURRENT ASSETS

Cash at bank

58,801

54,988

CREDITORS

Amounts falling due within one year

6

(2,602,050

)

(2,601,464

)

NET CURRENT LIABILITIES

(2,543,249

)

(2,546,476

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,904,466

1,901,239

CREDITORS

Amounts falling due after more than one year

7

(862,528

)

(911,991

)

NET ASSETS

1,041,938

989,248

CAPITAL AND RESERVES

Called up share capital

10,000

Retained earnings

1,031,938

979,248

SHAREHOLDERS' FUNDS

1,041,938

989,248

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2025 and were signed by:

N Hudgell - Director

1.	STATUTORY INFORMATION

Neil Hudgell Group Ltd is a private company, limited by shares, incorporated and registered in England and Wales. The company's 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 as modified by the revaluation of certain assets.

Significant judgements and estimates

The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates, it also requires management to exercise its judgement in the process of applying the group's accounting policies. The areas involving a higher degree of judgement are:

Fair value of investment properties

The group recognises investment property at fair value based on an independent valuation of current market rates of the properties. The director believes that there is no material difference between the value of the properties at the year end and at their last independent valuation.

Turnover

Rental turnover represents net services representing rental income, excluding value added tax in the UK and is recognised over the term of the rental agreement on a weekly or monthly basis as appropriate.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost, less any provision for impairment.

Investment property

Investment property is shown at purchase cost on acquisition and subsequently at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and presented within 'Other operating gains/losses'. Investment property used by the Group is treated as freehold property in the consolidated financial statements.

Investment properties are derecognised on disposal or when no future economic benefits are expected.The gain or loss arising on the disposal of an investment property is determined as the difference between the sales proceeds, less any direct cost of the disposal, and the carrying value of the asset, and is credited or charged to the profit and loss account.

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.

Dividends

Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Share capital

Ordinary shares are classed as equity.

Distributions to equity holders

Dividends to the company's shareholders are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

2,852,715

NET BOOK VALUE

At 31 March 2025

2,852,715

At 31 March 2024

2,852,715

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,595,000

NET BOOK VALUE

At 31 March 2025

1,595,000

At 31 March 2024

1,595,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

(194,644

)

Cost

1,789,644

1,595,000

The carrying value of investment properties are based on the latest independent valuations by MRICS valuers.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

43,291

43,212

Taxation and social security

14,803

14,299

Other creditors

2,543,956

2,543,953

2,602,050

2,601,464

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

862,528

911,991

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

689,363

738,826

8.	ULTIMATE CONTROLLING PARTY

Up until 8 December 2023 Neil Hudgell Group Limited had no parent company. Following a group reorganisation dated 8 December 2023, the company's immediate and ultimate parent company became Hudgell Property Holdings Limited.

The ultimate controlling party is N Hudgell.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Neil Hudgell Group Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Neil Hudgell Group Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Neil Hudgell Group Ltd and state those matters that we have agreed to state to the director of Neil Hudgell Group Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Neil Hudgell Group Ltd and its director for our work or for this report.

It is your duty to ensure that Neil Hudgell Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Neil Hudgell Group Ltd. You consider that Neil Hudgell Group Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Neil Hudgell Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

16 September 2025