REGISTERED NUMBER: SC185178 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Hazledene Group Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M D Shaw

SECRETARY:

Dr N Baille

REGISTERED OFFICE:

The Ca'd'ora

45 Gordon Street

Glasgow

G1 3PE

REGISTERED NUMBER:

SC185178 (Scotland)

ACCOUNTANTS:

AR Accountancy

Chartered Accountants

3 Holmwood Park

Crossford

Lanarkshire

ML8 5SZ

SOLICITORS:

Harper Macleod LLP

The Ca'd'ora

45 Gordon Street

Glasgow

G1 3PE

FIXED ASSETS

Tangible assets

4

1,608

-

Investments

5

153

153

1,761

153

CURRENT ASSETS

Debtors

6

709,896

936,276

Prepayments and accrued income

9,791

106,241

Cash at bank

139,551

693,400

859,238

1,735,917

CREDITORS

Amounts falling due within one year

7

653,694

2,231,517

NET CURRENT ASSETS/(LIABILITIES)

205,544

(495,600

)

TOTAL ASSETS LESS CURRENT LIABILITIES

207,305

(495,447

)

CREDITORS

Amounts falling due after more than one year

8

(5,834

)

(15,834

)

PROVISIONS FOR LIABILITIES

(375

)

-

NET ASSETS/(LIABILITIES)

201,096

(511,281

)

CAPITAL AND RESERVES

Called up share capital

1,800,002

1,800,002

Share premium

200,000

200,000

Retained earnings

(1,798,906

)

(2,511,283

)

SHAREHOLDERS' FUNDS

201,096

(511,281

)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

M D Shaw - Director

1.	STATUTORY INFORMATION

Hazledene Group Limited is a private company, limited by shares , registered in Scotland. 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.

Going concern

The director has assessed that the company has adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.

Preparation of consolidated financial statements

The financial statements contain information about Hazledene Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

Significant judgements and estimates

Preparation of financial statements requires management to make significant judgements and estimates. There are no items in the financial statements where any significant judgements or estimates have been made.

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 etc

-

33% on cost

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

4,865

Additions

2,056

Disposals

(3,779

)

At 31 December 2024

3,142

DEPRECIATION

At 1 January 2024

4,865

Charge for year

448

Eliminated on disposal

(3,779

)

At 31 December 2024

1,534

NET BOOK VALUE

At 31 December 2024

1,608

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

153

NET BOOK VALUE

At 31 December 2024

153

At 31 December 2023

153

Hazledene Group Limited had the following investments at the Statement of Financial Position date. Where subsidiary undertakings have subsidiaries, these are shown indented.

Subsidiary Undertaking

Class of Shares held

Percentage

Cost

shareholding

£

Hazledene Homes Limited

Ordinary

100%

77

Hazledene (Strawberrybank) Limited

Ordinary

76%

76

Hazledene Strawberrybank (Hotel) LImited

Ordinary

100%

All the investments are incorporated in Scotland.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

59,496

48,828

Amounts owed by group undertakings

567,000

804,785

Amounts owed by participating interests

75,597

75,597

Other debtors

7,803

7,066

709,896

936,276

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Other loans

98,038

2,173,903

Trade creditors

458

484

Amounts owed to group undertakings

152

152

Social security and other taxes

2,462

3,043

VAT

41,397

33,805

Other creditors

14,488

3,965

Director's loan account

480,241

-

Accruals and deferred income

6,458

6,165

653,694

2,231,517

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,834

10,000

Bank loans - 2-5 years

-

5,834

5,834

15,834

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other loans

-

743,222

Other secured loans were held by Mark Shaw, director, and he had a bond and floating charge over the assets of the company.

10.	RELATED PARTY DISCLOSURES

The following balances were due from related undertakings at the year end:-

2024

2023

£

£

Hazledene Investments Limited *

24,891

24,891

Hazledene Inverness Limited

75,597

75,597

100,488

100,488

* Provisions (provision made against balance noted above)

(24,891

)

(24,891

)

75,597

75,597

Mr M Shaw is a director of Hazledene Investments Limited and Hazledene Inverness Limited.

The following balances were receivable from group undertakings at the year end:

2024

2023

£

£

Subsidiary companies:

Hazledene Strawberrybank (Hotel) Limited

1,080,427

1,062,143

Hazledene (Strawberrybank) Limited

4,838

2,974

Provisions

(518,265

)

(260,332

)

567,000

804,785

Expenses of £1,445 (2023: £2,933) were settled on behalf of Hazledene Strawberrybank (Hotel) Limited during the year. In addition, funding of £nil (2023: £817,393) was provided to the company and £25,000 (2023: £450,000) was repaid in the year. Interest has been applied to this balance of £41,839 (2023: £18,872). Interest is applied at 3% above base rate on the balance which could not be repaid on demand. A provision of £513,427 (2023: £257,359) is in place against this balance.

Expenses of £1,594 (2023: £1,866) were settled on behalf of Hazledene (Strawberrybank) Limited during the year. Interest has been applied to this balance of £270 (2023: £135). Interest is applied quarterly at 3% above base rate. This balance is provided for in full.

Mark Shaw is a director of Hazledene (Strawberrybank) Limited and Hazledene Strawberrybank (Hotel) Limited.

The following balance was payable to group undertakings at the year end:-

2024

2023

£

£

Subsidiary companies:

Hazledene (Strawberrybank) Limited

76

76

The balance payable is for unpaid share capital.

Other related party transactions:-

Loans from Hazledene Investment Management LLP to Hazledene Group Limited, which total £98,038 remain outstanding at 31 December 2024 (2023 £98,038) and are included in other loans due within one year.

At 31 December 2024 the balance outstanding to Mark Shaw was £nil (2023 £743,222). This balance is included in other loans.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is M D Shaw.

The ultimate controlling party is M D Shaw.