HRMGW Holdings Limited - Filleted accounts

Registered number

14774913

HRMGW Holdings Limited

Filleted Accounts

for the year ended

31 March 2025

HRMGW Holdings Limited
Registered number:		14774913
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		212,488			212,488

Current assets
Cash at bank and in hand		7,317			10,979

Creditors: amounts falling due within one year	4	(3,762)			(19,249)

Net current assets/(liabilities)			3,555			(8,270)

Total assets less current liabilities			216,043			204,218

Creditors: amounts falling due after more than one year	5		(257,888)			(233,263)



Net liabilities			(41,845)			(29,045)

Capital and reserves
Called up share capital			3			3
Profit and loss account			(41,848)			(29,048)

Shareholders' funds			(41,845)			(29,045)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Whitt
Director
Approved by the board on 30 December 2025

HRMGW Holdings Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents rents received in the year.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.




	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	2		2


3	Tangible fixed assets
				Land and buildings
£
	Cost
	At 1 April 2024			212,488
	At 31 March 2025			212,488

	Depreciation
	At 31 March 2025			-

	Net book value
	At 31 March 2025			212,488
	At 31 March 2024			212,488
	The property was purchased on 10 August 2023 and is valued at cost. Future consideration will be given to any revaluations.


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Bank loans and overdrafts	-		14,625
	Trade creditors	-		1,016
	Other creditors	3,762		3,608
		3,762		19,249


5	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	117,000		117,000
	Other creditors	140,888		116,263
		257,888		233,263


6	Loans	2025		2024
£			£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years	140,888		116,263
	Instalments falling due for payment after more than five years	58,500		58,500
		199,388		174,763


	Secured bank loans	117,000		131,625

	The mortgage is secured by a legal charge on Apartment 1F, Park Road, Castle Boulevard, Nottingham dated 14 August 2023 and is secured with The Mortgage Works (UK) plc.


7	Related party transactions

	Other creditors is an unsecured loan from Draw Construction Limited, an associated company. Both companies are under the same control and ownership. The loan is made charging interest at 4.5% p.a At the year end the loan balance was £140,888.


8	Other information

	HRMGW Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
	32 Quorn Close
	Loughborough
	Leics
	LE11 2AW