As far as parts go for these old Club bikes, the place to look is not necessarily the Hercules Catalogs, but the Phillips catalogs. Thats where you may find the fork and a lot of the other parts that make up nearly all Birmingham bikes. Hercules did make their own frames by the thousands but they helped keep Phillips in business as they were mainly a parts and kits company until after the war.
Also interesting is that Phillips was a "jobber" for many German parts.
You can also tell when 531 was introduced in bicycle parts and at what market level by skipping between the early catalogs.
Speaking of those "mud guard" hangars, those are the same as the ones on my bike that were holding Alum fenders and also used on celluloid. Ive seen them on many steel fenders also. A simple way to use the same fender on different frame sizes.
H.Lloyd website has a 531 decal timeline and explanation page also.