HC Recruitment Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09735570

HC Recruitment Limited

Filleted Financial Statements

For the Year Ended

31 March 2025

HC Recruitment Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Investments	5	1,040,149	1,040,149

Current assets

Debtors	6	–	55,816
Cash at bank and in hand		–	118,085
		----	---------
		–	173,901

Creditors: amounts falling due within one year	7	–	( 1,060,389)
		----	------------
Net current liabilities		–	( 886,488)
		------------	------------
Total assets less current liabilities		1,040,149	153,661
		------------	---------
Net assets		1,040,149	153,661
		------------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,040,049	153,561
	------------	---------
Shareholders funds	1,040,149	153,661
	------------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

T Barton

Director

Company registration number: 09735570

HC Recruitment Limited

Notes to the Financial Statements

Year Ended 31 March 2025

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingdom House, Woodlands Park, Ashton Road, Newton-Le-Willows, WA12 0HF, England.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Transfer of Trade

In July 2024 the trade of HC Recruitment Limited was transferred to Kingdom People Limited, a fellow group company, as part of a group reorganisation. The transfer took place in July 2024 and has been accounted for at book value in accordance with FRS 102. Kingdom People Limited has traded for the full year, while HC Recruitment Limited ceased trading on that date.

4. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the company.

Disclosure Exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Kingdom Services Group Limited which can be obtained from the company's registered office address. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

5. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	1,040,149
	------------
Impairment
At 1 April 2024 and 31 March 2025	–
	------------

Carrying amount
At 31 March 2025	1,040,149
	------------
At 31 March 2024	1,040,149
	------------

Subsidiary

Aztec Resources Limited

Registered Office: Kingdom House, Woodlands Park, Ashton Road, Newton-Le-Willows, WA12 0HF Nature of Business: Recruitment

Class of shares: 100% Ordinary Holding

6. Debtors

	2025	2024
	£	£
Trade debtors	–	55,816
	----	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings	–	1,024,561
Corporation tax	–	26,661
Social security and other taxes	–	6,167
Other creditors	–	3,000
	----	------------
	–	1,060,389
	----	------------

In July 2024 the trade transferred from HC Recruitment Limited to Kingdom People Limited, which is another company within the group of Kingdom Services Group Limited.

8. Events after the End of the Reporting Period

On 25 September 2025, the company entered into a separate security agreement creating fixed and floating charges over its assets: - a debenture agreement with HSBC UK Bank PLC, acting as security agent, registered with Companies House on 26 September 2025. This floating charge covers all property or undertaking of the company and includes a negative pledge restricting further security creation over the company's assets. Following this, on 8 October 2025 Close Brothers Limited released the security previously held over the company's assets and charge was satisfied with Companies House. These transactions occurred after the reporting date and before the financial statements were authorised for issue, and have not resulted in any adjustments to the financial statements for the current year.

9. Summary Audit Opinion

The auditor's report dated 29 April 2026 was unqualified .

The senior statutory auditor was Iain Round BSc FCA , for and on behalf of Menzies LLP .

10. Related Party Transactions

The company is a wholly owned subsidiary of Kingdom Services Group Limited and has taken advantage of the available exemption conferred by section 33.1A of FRS 102 not to disclose transactions with group members due to consolidated accounts being publicly available.

11. Controlling Party

The immediate parent company is Kingdom Services Group Limited, a company incorporated in England and Wales and whose registered office is Kingdom House, Ashton Road, Newton Le-Willows, WA12 0HF. The largest and smallest group in which the results of the company are consolidated is that headed by Kingdom Services Group Limited. The consolidated financial statements are available to the public and may be obtained from Companies House. The directors consider the ultimate controlling party to be T Barton .