HCR Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 13223784 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 24 FEBRUARY 2021 TO 31 OCTOBER 2021

FOR

HCR HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Rogers

B A Rogers

REGISTERED OFFICE:

Bank Gallery

13 High Street

Kenilworth

CV8 1LY

REGISTERED NUMBER:

13223784 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Investments

4

1,500,000

CURRENT ASSETS

Debtors

5

980,935

Cash at bank

1,936,902

2,917,837

CREDITORS

Amounts falling due within one year

6

675,000

NET CURRENT ASSETS

2,242,837

TOTAL ASSETS LESS CURRENT LIABILITIES

3,742,837

CAPITAL AND RESERVES

Called up share capital

150

Share premium

749,850

Retained earnings

2,992,837

3,742,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 1 July 2022 and were signed on its behalf by:

D J Rogers - Director

1.	STATUTORY INFORMATION

Hcr Holdings 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.

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.

Investments in subsidiaries

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

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

3,066,221

Impairments

(1,566,221

)

At 31 October 2021

1,500,000

NET BOOK VALUE

At 31 October 2021

1,500,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

980,935

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

675,000

7.	RELATED PARTY DISCLOSURES

At 31 October 2021 other debtors included loans made to CAL Property Limited, a company of which Mr B Rogers is a Director, of £405,274. The loans are interest free and have no fixed date for repayment.

At 31 October 2021 other debtors included loans made to Kenilworth Accountancy Limited, the subsidiary of HCR Holdings, of £396,250. The loans are interest free and have no fixed date for repayment.

During the year, the director’s current account for Mr D Rogers became overdrawn, the maximum amount and the year end balance was £179,411. This has subsequently cleared.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J Rogers.