Hs (552) Limited - Accounts to registrar (filleted) - small 22.3

Hs (552) Limited - Accounts to registrar (filleted) - small 22.3

HS (552) LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v22.3.0.621 05765248 director 1.1.22 31.12.22 31.12.22 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure057652482021-12-31057652482022-12-31057652482022-01-012022-12-31057652482020-12-31057652482021-01-012021-12-31057652482021-12-3105765248ns16:EnglandWales2022-01-012022-12-3105765248ns15:PoundSterling2022-01-012022-12-3105765248ns11:Director12022-01-012022-12-3105765248ns11:PrivateLimitedCompanyLtd2022-01-012022-12-3105765248ns11:SmallEntities2022-01-012022-12-3105765248ns11:AuditExempt-NoAccountantsReport2022-01-012022-12-3105765248ns11:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3105765248ns11:SmallCompaniesRegimeForAccounts2022-01-012022-12-3105765248ns11:FullAccounts2022-01-012022-12-3105765248ns11:EntityHasNeverTraded2022-01-012022-12-3105765248ns11:CompanySecretary12022-01-012022-12-3105765248ns11:RegisteredOffice2022-01-012022-12-3105765248ns6:CurrentFinancialInstruments2022-12-3105765248ns6:CurrentFinancialInstruments2021-12-3105765248ns6:ShareCapital2022-12-3105765248ns6:ShareCapital2021-12-3105765248ns6:SharePremium2022-12-3105765248ns6:SharePremium2021-12-3105765248ns6:CostValuation2021-12-31
REGISTERED NUMBER: 05765248 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

HS (552) LIMITED
HS (552) LIMITED (REGISTERED NUMBER: 05765248)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


HS (552) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: M Barber





SECRETARY: Miss L Barber





REGISTERED OFFICE: Unit 20 Riverside Development
Chesterton Road
Eastwood Trading Estate
Rotherham
South Yorkshire
S65 1SU





REGISTERED NUMBER: 05765248 (England and Wales)





ACCOUNTANTS: Michael A Jarvis & Co Ltd
Edenthorpe
Grove Road
Rotherham
South Yorkshire
S60 2ER
Page 1
HS (552) LIMITED (REGISTERED NUMBER: 05765248)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,211,651 1,211,651

CREDITORS
Amounts falling due within one year 5 1,201,651 1,201,651
NET CURRENT LIABILITIES (1,201,651 ) (1,201,651 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
10,000
10,000

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 9,998 9,998
10,000 10,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 17 April 2023 and were signed by:





M Barber - Director


The notes form part of these financial statements

Page 2
HS (552) LIMITED (REGISTERED NUMBER: 05765248)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Hs (552) 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.

Preparation of consolidated financial statements
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 December 2022 1,211,651
NET BOOK VALUE
At 31 December 2022 1,211,651
At 31 December 2021 1,211,651

Fixed asset investments comprise one wholly owned subsidiary company SHS Freight Services Limited registered in England and Wales.

Page 3 continued...
HS (552) LIMITED (REGISTERED NUMBER: 05765248)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 911,651 911,651
Other creditors 290,000 290,000
1,201,651 1,201,651

6. SECURED DEBTS

Banking facilities provided by Barclays Bank plc to a subsidiary are secured by a guarantee and debenture dated 23 June 2006 in the bank standard form over the assets of the company. The contingent liability under this guarantee was £Nil (2021 £Nil).

7. CONTINGENT LIABILITIES

The company is party to a group banking arrangement whereby the obligation of its subsidiary to Barclays Bank plc is guaranteed by the company. At 31 December 2022 the company's contingent liability under this guarantee was £Nil (2021 £Nil).

8. RELATED PARTY DISCLOSURES

At the year end the company owed £290,000 (2021 £290,000) to Special Metals & Engineering Ltd.

The company considers that Special Metals & Engineering Ltd is a related party because the two companies are controlled by Mr M Barber.

9. ULTIMATE CONTROLLING PARTY

The company is wholly controlled by Martyn Barber.

Page 4