IRIS Accounts Production v25.2.0.378 03458148 Board of Directors 1.2.24 31.1.25 31.1.25 true false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03458148 2024-01-31 03458148 2025-01-31 03458148 2024-02-01 2025-01-31 03458148 2023-01-31 03458148 2023-02-01 2024-01-31 03458148 2024-01-31 03458148 ns15:EnglandWales 2024-02-01 2025-01-31 03458148 ns14:PoundSterling 2024-02-01 2025-01-31 03458148 ns10:Director1 2024-02-01 2025-01-31 03458148 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 03458148 ns10:SmallEntities 2024-02-01 2025-01-31 03458148 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 03458148 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 03458148 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 03458148 ns10:FullAccounts 2024-02-01 2025-01-31 03458148 ns10:Director2 2024-02-01 2025-01-31 03458148 ns10:Director3 2024-02-01 2025-01-31 03458148 ns10:CompanySecretary1 2024-02-01 2025-01-31 03458148 ns10:RegisteredOffice 2024-02-01 2025-01-31 03458148 ns5:CurrentFinancialInstruments 2025-01-31 03458148 ns5:CurrentFinancialInstruments 2024-01-31 03458148 ns5:ShareCapital 2025-01-31 03458148 ns5:ShareCapital 2024-01-31 03458148 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 03458148 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 03458148 ns5:LandBuildings 2024-01-31 03458148 ns5:PlantMachinery 2024-01-31 03458148 ns5:LandBuildings 2024-02-01 2025-01-31 03458148 ns5:PlantMachinery 2024-02-01 2025-01-31 03458148 ns5:LandBuildings 2025-01-31 03458148 ns5:PlantMachinery 2025-01-31 03458148 ns5:LandBuildings 2024-01-31 03458148 ns5:PlantMachinery 2024-01-31 03458148 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-01-31 03458148 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2025-01-31 03458148 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-01-31 03458148 ns5:CostValuation 2024-01-31 03458148 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 03458148 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-31 03458148 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-01-31 03458148 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-01-31 03458148 ns5:WithinOneYear 2025-01-31 03458148 ns5:WithinOneYear 2024-01-31 03458148 ns5:BetweenOneFiveYears 2025-01-31 03458148 ns5:BetweenOneFiveYears 2024-01-31 03458148 ns5:AllPeriods 2025-01-31 03458148 ns5:AllPeriods 2024-01-31

REGISTERED NUMBER: 03458148 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

HSG Group Ltd

HSG Group Ltd (Registered number: 03458148)

Contents of the Financial Statements

for the Year Ended 31 January 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

HSG Group Ltd

Company Information

for the Year Ended 31 January 2025

| DIRECTORS: | Mr F M Nicol

| Mrs L M Nicol

| Mrs S A Carter

| SECRETARY: | Mrs S A Carter

| REGISTERED OFFICE: | 111 Cambridge Road

| Waterbeach

| Cambridge

| Cambridgeshire

| CB25 9NJ

| REGISTERED NUMBER: | 03458148 (England and Wales)

HSG Group Ltd (Registered number: 03458148)

Balance Sheet

31 January 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 1,777,695 |  | 1,975,724 |  |

Investments | 6 | 61 |  | 61 |  |

1,777,756 |  | 1,975,785 |  |

CURRENT ASSETS

Stocks | 4,310 |  | 4,310 |  |

Debtors | 7 | 165,226 |  | 143,694 |  |

Cash at bank | 702,411 |  | 545,398 |  |

871,947 |  | 693,402 |  |

CREDITORS

Amounts falling due within one year | 8 | 368,015 |  | 356,773 |  |

NET CURRENT ASSETS | 503,932 |  | 336,629 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,281,688 |  | 2,312,414 |  |

PROVISIONS FOR LIABILITIES | 363,077 |  | 398,511 |  |

NET ASSETS | 1,918,611 |  | 1,913,903 |  |

CAPITAL AND RESERVES

Called up share capital | 50,000 |  | 50,000 |  |

Retained earnings | 1,868,611 |  | 1,863,903 |  |

SHAREHOLDERS' FUNDS | 1,918,611 |  | 1,913,903 |  |

HSG Group Ltd (Registered number: 03458148)

Balance Sheet - continued

31 January 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 4 September 2025 and were signed on its behalf by:

Mrs S A Carter - Director

HSG Group Ltd (Registered number: 03458148)

Notes to the Financial Statements

for the Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| HSG 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. | 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.

| Preparation of consolidated financial statements

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

| Significant judgements and estimates

| Preparation of the financial statements requires management to make significant judgements, estimates, and assumptions that influence the values reported. These estimates and judgement are regularly reviewed and are based on the experience of the company's management as well as other factors, including the expectations of future events that are believed to be reasonable under the circumstances.

| Significant judgements:

| The directors have taken consideration of the requirements of the relevant financial reporting standards when preparing the financial statements, and concluded that there is not a reliable estimate of the fair value of the investments in subsidiary undertakings readily available to the company. The directors have subsequently recognised investments in subsidiaries at cost less impairment as disclosed within the accounting policies. The financial statements disclose supplementary information of the subsidiaries and their results in the accounting period in order to assist the end users of the financial statements.

| There are no other judgements apart from those involving estimations that management has made in the process of applying the entities accounting polices and that have the most significant effect on the amounts recognised in the financial statements.

| Turnover

| Turnover represents the value, net of value added taxation and discounts, of management charges made to subsidiary companies.

| Management charges are initially recognised when invoiced. Income is accrued and/or deferred within the financial statements in order to recognise income in line with the costs incurred relating to the management charges.

HSG Group Ltd (Registered number: 03458148)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

3. | ACCOUNTING POLICIES - continued

| Depreciation

| Depreciation is provided on all tangible fixed assets, other than freehold land, at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

| Computer equipment |  | 5%, 10% and 20% reducing balance |  |

| Plant and machinery |  | 5%, 10% and 20% reducing balance |  |

| Improvements to short leasehold land and buildings |  | over the lease term |  |

| Depreciation is calculated on a monthly basis commencing in the month after addition.

| Investments in subsidiaries

| Unlisted fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses as there is no reliable fair value available.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Debt instruments are subsequently measured at amortised cost.

| Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

| Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

| 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.

HSG Group Ltd (Registered number: 03458148)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

3. | 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 February 2024 | 947,794 |  | 4,263,439 |  | 5,211,233 |  |

| Additions | - |  | 9,806 |  | 9,806 |  |

| At 31 January 2025 | 947,794 |  | 4,273,245 |  | 5,221,039 |  |

| DEPRECIATION

| At 1 February 2024 | 692,851 |  | 2,542,658 |  | 3,235,509 |  |

| Charge for year | 32,982 |  | 174,853 |  | 207,835 |  |

| At 31 January 2025 | 725,833 |  | 2,717,511 |  | 3,443,344 |  |

| NET BOOK VALUE

| At 31 January 2025 | 221,961 |  | 1,555,734 |  | 1,777,695 |  |

| At 31 January 2024 | 254,943 |  | 1,720,781 |  | 1,975,724 |  |

HSG Group Ltd (Registered number: 03458148)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

5. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1 February 2024 | 369,260 |  |

| Transfer to ownership | (369,260 | ) |

| At 31 January 2025 | - |  |

| DEPRECIATION

| At 1 February 2024 | 174,205 |  |

| Transfer to ownership | (174,205 | ) |

| At 31 January 2025 | - |  |

| NET BOOK VALUE

| At 31 January 2025 | - |  |

| At 31 January 2024 | 195,055 |  |

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 February 2024

| and 31 January 2025 | 61 |  |

| NET BOOK VALUE

| At 31 January 2025 | 61 |  |

| At 31 January 2024 | 61 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 2,685 |  |

| Amounts owed by group undertakings | 13,044 |  | 12,104 |  |

| Other debtors | 152,182 |  | 128,905 |  |

165,226 |  | 143,694 |  |

| Included within other debtors disclosed above is a balance of £44,182 (2024 - £20,905) in relation to prepaid expenses and a balance of £108,000 (2024 - £108,000) in relation to rent deposits.

HSG Group Ltd (Registered number: 03458148)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 9) | - |  | 31,327 |  |

| Trade creditors | 12,898 |  | 37,247 |  |

| Amounts owed to group undertakings | 306,021 |  | 187,374 |  |

| Taxation and social security | 49,096 |  | 91,830 |  |

| Other creditors | - |  | 8,995 |  |

368,015 |  | 356,773 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | - |  | 31,327 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 120,000 |  | 130,919 |  |

| Between one and five years | 730,000 |  | 850,000 |  |

850,000 |  | 980,919 |  |

10. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. | ULTIMATE CONTROLLING PARTY

| At the balance sheet date, HSG Securities Ltd owns 100% of the issued share capital in the company and is therefore the ultimate controlling party.