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REGISTERED NUMBER: 10356580 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

HLM GROUP LTD

HLM GROUP LTD (REGISTERED NUMBER: 10356580)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HLM GROUP LTD

COMPANY INFORMATION
for the Year Ended 31 December 2022







DIRECTORS: Mr D L Mitson
Mrs V L Mitson





REGISTERED OFFICE: 4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE





REGISTERED NUMBER: 10356580 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

HLM GROUP LTD (REGISTERED NUMBER: 10356580)

BALANCE SHEET
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Investments 4 600 600

CURRENT ASSETS
Debtors 5 4,915,134 5,016,508
Cash at bank and in hand 14,915 26,017
4,930,049 5,042,525
CREDITORS
Amounts falling due within one year 6 440,667 247,143
NET CURRENT ASSETS 4,489,382 4,795,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,489,982

4,795,982

CREDITORS
Amounts falling due after more than one year 7 3,272,028 3,510,674
NET ASSETS 1,217,954 1,285,308

CAPITAL AND RESERVES
Called up share capital 10 118 118
Share premium 11 1,499,983 1,499,983
Retained earnings 11 (282,147 ) (214,793 )
SHAREHOLDERS' FUNDS 1,217,954 1,285,308

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 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.

HLM GROUP LTD (REGISTERED NUMBER: 10356580)

BALANCE SHEET - continued
31 December 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





Mr D L Mitson - Director


HLM GROUP LTD (REGISTERED NUMBER: 10356580)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

HLM Group LTD 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 financial statements contain information about HLM Group LTD as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

HLM GROUP LTD (REGISTERED NUMBER: 10356580)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including loans from fellow group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


HLM GROUP LTD (REGISTERED NUMBER: 10356580)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
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 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 2 (2021 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2022
and 31 December 2022 600
NET BOOK VALUE
At 31 December 2022 600
At 31 December 2021 600

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Aspen Animal Health Ltd
Registered office: 4 Grovelands Boundary Way, Hemel Hempstead, Hertfordshire,England, HP2 7TE
Nature of business: Manufacture of prepared feeds for farm animals
%
Class of shares: holding
Ordinary Share 100.00
31.12.22 31.12.21
£    £   
Aggregate capital and reserves 426,566 434,780
Loss for the year (3,270 ) (160,943 )

HLM GROUP LTD (REGISTERED NUMBER: 10356580)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

4. FIXED ASSET INVESTMENTS - continued

Oaklands Animal Health Ltd
Registered office: 4 Grovelands Boundary Way, Hemel Hempstead, Hertfordshire,England, HP2 7TE
Nature of business: Manufacture of prepared pet food.
%
Class of shares: holding
Ordinary shares 100.00
31.12.22 31.12.21
£    £   
Aggregate capital and reserves 75,506 109,930
Profit/(loss) for the year 186,558 (802,846 )

Westgate EFI Global Ltd
Registered office: 4 Grovelands Boundary Way, Hemel Hempstead, Hertfordshire,England, HP2 7TE
Nature of business: Wholesale trade
%
Class of shares: holding
Ordinary 100.00
31.12.22 31.12.21
£    £   
Aggregate capital and reserves (567,830 ) (348,266 )
Loss for the year (219,657 ) (160,025 )

Nourish Animal Health Ltd
Registered office: 4 Grovelands Boundary Way, Hemel Hempstead, Hertfordshire,England, HP2 7TE
Nature of business: Manufacture of prepared pet foods
%
Class of shares: holding
Ordinary 100.00
31.12.22 31.12.21
£    £   
Aggregate capital and reserves 100 100

Science Supplements Inc.
Registered office: 1209 N Orange St, Wilmington, DE 19801, United States
Nature of business: Wholesale equine supplements
%
Class of shares: holding
Common 100.00

Science Supplements Ltd
Registered office: 4 Grovelands Boundary Way, Hemel Hempstead, Hertfordshire,England, HP2 7TE
Nature of business: Manufacture of prepared pet foods
%
Class of shares: holding
Ordinary 100.00
31.12.22 31.12.21
£    £   
Aggregate capital and reserves 100 100

HLM GROUP LTD (REGISTERED NUMBER: 10356580)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

4. FIXED ASSET INVESTMENTS - continued

Science Supplements Equestrian Ltd
Registered office: 4 Grovelands Boundary Way, Hemel Hempstead, Hertfordshire,England, HP2 7TE
Nature of business: Manufacture of prepared feeds for farm animals
%
Class of shares: holding
Ordinary 100.00
31.12.22 31.12.21
£    £   
Aggregate capital and reserves 100 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Amounts owed by group undertakings 4,779,986 4,881,360
Amounts owed by related parties 135,148 135,148
4,915,134 5,016,508

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other loans (see note 8) 240,000 240,000
Trade creditors - 840
Amounts owed to group undertakings 300 200
Directors' current accounts 200,367 5,263
Accruals - 840
440,667 247,143

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Other loans (see note 8) 3,272,028 3,510,674

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 2,312,028 2,550,674

HLM GROUP LTD (REGISTERED NUMBER: 10356580)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

8. LOANS

An analysis of the maturity of loans is given below:

31.12.22 31.12.21
£    £   
Amounts falling due within one year or on demand:
Other loans 240,000 240,000

Amounts falling due between one and two years:
Other loans - 1-2 years 240,000 240,000

Amounts falling due between two and five years:
Other loans - 2-5 years 720,000 720,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 2,312,028 2,550,674

9. SECURED DEBTS

At 31 December 2020 the assets of the company were subject to a registered debenture that forms security for loans in the parent undertaking.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
1,176 Ordinary shares £0.10 118 118

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2022 (214,793 ) 1,499,983 1,285,190
Deficit for the year (67,354 ) (67,354 )
At 31 December 2022 (282,147 ) 1,499,983 1,217,836