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REGISTERED NUMBER: 09929808 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

HRG Investors Limited

HRG Investors Limited (Registered number: 09929808)






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


HRG Investors Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: KL Heller
AA Enste
R Noack
T W Rissman
K Moussa





REGISTERED OFFICE: 5th Floor
One New Change
London
EC4M 9AF





REGISTERED NUMBER: 09929808 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

HRG Investors Limited (Registered number: 09929808)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes €    €   
FIXED ASSETS
Intangible assets 5 - 1,732,052
Tangible assets 6 - 34,181
Investments 7 12,573,126 10,545,100
12,573,126 12,311,333

CURRENT ASSETS
Debtors 8 508,767 74,870
Cash at bank and in hand 455,636 983,370
964,403 1,058,240
CREDITORS
Amounts falling due within one year 9 (313,460 ) (7,761,837 )
NET CURRENT ASSETS/(LIABILITIES) 650,943 (6,703,597 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,224,069

5,607,736

CAPITAL AND RESERVES
Called up share capital 10 4 3
Share premium 24,717,853 15,653,517
Retained earnings (11,493,788 ) (10,045,784 )
SHAREHOLDERS' FUNDS 13,224,069 5,607,736

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.

HRG Investors Limited (Registered number: 09929808)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





KL Heller - Director


HRG Investors Limited (Registered number: 09929808)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

HRG Investors 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.

The presentation currency of the financial statements is the Euro (€).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Intangible assets
Trademarks and patents, which have been acquired, are initially recognised at cost and are subsequently carried at cost less accumulated amortisation and accumulated impairment losses. These costs are amortised to profit or loss using the straightline method over the shorter of their contractual rights or 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Helrom Limited has financial assets and liabilities of a kind that qualify as basic financial instruments. These comprise bank and cash, debtors and other creditors including accruals. These are initially recognised at transaction value and are 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 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 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.

HRG Investors Limited (Registered number: 09929808)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Patents
and
Trademark licences Totals
€    €    €   
COST
At 1 January 2022 43,848 3,456,691 3,500,539
Disposals (43,848 ) (3,456,691 ) (3,500,539 )
At 31 December 2022 - - -
AMORTISATION
At 1 January 2022 19,563 1,748,924 1,768,487
Eliminated on disposal (19,563 ) (1,748,924 ) (1,768,487 )
At 31 December 2022 - - -
NET BOOK VALUE
At 31 December 2022 - - -
At 31 December 2021 24,285 1,707,767 1,732,052

6. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
€    €    €   
COST
At 1 January 2022 95,000 120,467 215,467
Disposals (95,000 ) (120,467 ) (215,467 )
At 31 December 2022 - - -
DEPRECIATION
At 1 January 2022 95,000 86,286 181,286
Eliminated on disposal (95,000 ) (86,286 ) (181,286 )
At 31 December 2022 - - -
NET BOOK VALUE
At 31 December 2022 - - -
At 31 December 2021 - 34,181 34,181

HRG Investors Limited (Registered number: 09929808)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
€   
COST
At 1 January 2022 10,545,100
Additions 2,028,026
At 31 December 2022 12,573,126
NET BOOK VALUE
At 31 December 2022 12,573,126
At 31 December 2021 10,545,100

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
€    €   
Amounts owed by group undertakings 408,767 37,111
Other debtors 100,000 37,759
508,767 74,870

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
€    €   
Trade creditors - 408,129
Other creditors 313,460 7,353,708
313,460 7,761,837

HRG Investors Limited (Registered number: 09929808)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

10. CALLED UP SHARE CAPITAL

Allotted , issued and fully paid:
Number Class: Nominal value: 31.12.22 31.12.21
100 A Ordinary Share £0.01 - -
14,770 A Ordinary Share £0.0001 2 2
15 B Ordinary Share £0.0001 - -
12,916 C Ordinary Share £0.0001 2 1
4 3

34 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,470.58 per share during the year.

917 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,935 per share during the year.

324 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,931.48 per share during the year.

668 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,935.17 per share during the year.

199 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,936.39 per share during the year.

323 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,937.26 per share during the year.

221 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,937.30 per share during the year.

189 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,938.49 per share during the year.

116 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,940.17 per share during the year.

115 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,940.86 per share during the year.

283 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,941.42 per share during the year.

98 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,947.10 per share during the year.

116 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,946.58 per share during the year.

131 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,948.46 per share during the year.

109 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,949.16 per share during the year.


HRG Investors Limited (Registered number: 09929808)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
62 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,951.61 per share during the year.

62 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,953.40 per share during the year.

90 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,971.64 per share during the year.

45 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,974.48 per share during the year.

22 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €2,016.04 per share during the year.

226 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €3,429.20 per share during the year.

105 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,940.36 per share during the year.

52 C Ordinary Shares of £0.0001 each were allotted as fully paid at a premium of €1,968.23 per share during the year.

All classes of share rank pari passu in all respects.

11. CAPITAL COMMITMENTS
31.12.22 31.12.21
€    €   
Contracted but not provided for in the
financial statements - 499,230