REGISTERED NUMBER: 05727073 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HAYBURY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J Kerassitis

SECRETARY:

S J Kerassitis

REGISTERED OFFICE:

Runway East

50 New England Street

Brighton

BN1 4AW

REGISTERED NUMBER:

05727073 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

3,203

10,768

Investments

5

77,825

77,825

81,028

88,593

CURRENT ASSETS

Debtors

6

2,148,859

2,118,802

Cash at bank and in hand

27,945

53,826

2,176,804

2,172,628

CREDITORS

Amounts falling due within one year

7

1,205,567

1,193,195

NET CURRENT ASSETS

971,237

979,433

TOTAL ASSETS LESS CURRENT LIABILITIES

1,052,265

1,068,026

CREDITORS

Amounts falling due after more than one year

8

(20,380

)

(122,371

)

PROVISIONS FOR LIABILITIES

(800

)

(2,692

)

NET ASSETS

1,031,085

942,963

CAPITAL AND RESERVES

Called up share capital

10

810

810

Share premium

9,910

9,910

Capital redemption reserve

280

280

Retained earnings

1,020,085

931,963

SHAREHOLDERS' FUNDS

1,031,085

942,963

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 19 November 2025 and were signed by:

S J Kerassitis - Director

1.	STATUTORY INFORMATION

Haybury 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 and amounts are rounded to the nearest Pound.

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.

Fixtures and fittings

30% straight line

Computer equipment

30% straight line

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.

Investments in subsidiaries

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 22 (2023 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

147,125

78,461

225,586

Disposals

(916

)

(1,915

)

(2,831

)

At 31 December 2024

146,209

76,546

222,755

DEPRECIATION

At 1 January 2024

145,961

68,857

214,818

Charge for year

740

6,687

7,427

Eliminated on disposal

(778

)

(1,915

)

(2,693

)

At 31 December 2024

145,923

73,629

219,552

NET BOOK VALUE

At 31 December 2024

286

2,917

3,203

At 31 December 2023

1,164

9,604

10,768

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

77,825

NET BOOK VALUE

At 31 December 2024

77,825

At 31 December 2023

77,825

Details of the company's subsidiaries at 31 December 2024 are as follows:

Name of

Registered

Nature of

Class of

% Held

undertaking

office

business

shares held

Direct

Indirect

Greensearch Global Ltd

Runway East, 50 New England Street, Brighton, BN1 4AW

Dormant

Ordinary

100

-

Haybury AG

Teichgässlein 9, CH-4058 Basel, Switzerland

Recruitment consultancy

Ordinary

100

-

Haybury GmbH

Rheinstrabe 11, 14513, Teltow, Germany

Recruitment consultancy

Ordinary

100

-

Haybury Search SL

Avenida Diagonal 131, Barcelona, 08018, Spain

Recruitment consultancy

Ordinary

100

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

618,146

714,061

Amounts owed by group undertakings

1,402,914

1,252,436

Amounts owed by associates

2,375

2,375

Other debtors

125,424

149,930

2,148,859

2,118,802

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

403,797

328,703

Trade creditors

145,255

111,449

Amounts owed to group undertakings

240,722

2,375

Taxation and social security

115,620

172,038

Other creditors

300,173

578,630

1,205,567

1,193,195

Bank overdrafts of £281,575 (2023: £186,259) are secured by inter-company debentures and a limited directors' personal guarantee.

Further details on the bank loans can be found in note 9.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

20,380

122,371

The loan is repayable by February 2026 and interest is charged at 4.75% above base rate per annum.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

9,612

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

720

A Ordinary shares

£1

720

720

90

B Ordinary shares

£1

90

90

810

810

11.	PARENT COMPANY

The ultimate controlling party is KPP Ventures Limited, a company incorporated in England, with registered office Runway East, 50 New England Street, Brighton, BN1 4AW.