Humble Group Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06936206

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		122,532		52,930
Tangible Assets	5		769,638		931,719
Investments	6		260,037		34,092

			1,152,207		1,018,741
CURRENT ASSETS
Stocks	7	1,286,357		1,081,720
Debtors	8	1,345,722		1,628,116
Cash at bank and in hand		1,306,912		1,173,639

		3,938,991		3,883,475
Creditors: Amounts Falling Due Within One Year	9	(2,208,884 )		(1,805,152 )

NET CURRENT ASSETS (LIABILITIES)			1,730,107		2,078,323

TOTAL ASSETS LESS CURRENT LIABILITIES			2,882,314		3,097,064

Creditors: Amounts Falling Due After More Than One Year	10		(125,000 )		(225,000 )

NET ASSETS			2,757,314		2,872,064

CAPITAL AND RESERVES
Called up share capital	11		2,363		2,363
Share premium account			2,619,359		2,619,359
Profit and Loss Account			135,592		250,342

SHAREHOLDERS' FUNDS			2,757,314		2,872,064

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Humble Group Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr James Dawson

Director

28/05/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Humble Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06936206 . The registered office is 1 St Bride's Passage, London, EC4Y 8EJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Leasehold	10% on cost
Fixtures & Fittings	20% on cost

2.4. Stocks and Work in Progress

Finished goods and goods for resale are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 83 (2023: 75)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	52,930
Additions	69,602

As at 31 December 2024	122,532

Net Book Value
As at 31 December 2024	122,532

As at 1 January 2024	52,930

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Humble Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2024	1,897,208	609,221	2,506,429
Additions	-	52,127	52,127
Disposals	(16,380 )	-	(16,380 )

As at 31 December 2024	1,880,828	661,348	2,542,176

Depreciation
As at 1 January 2024	1,080,336	494,374	1,574,710
Provided during the period	146,482	51,346	197,828

As at 31 December 2024	1,226,818	545,720	1,772,538

Net Book Value
As at 31 December 2024	654,010	115,628	769,638

As at 1 January 2024	816,872	114,847	931,719

6. Investments

	Unlisted
	£
Cost
As at 1 January 2024	34,092
Additions	225,945

As at 31 December 2024	260,037

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	260,037

As at 1 January 2024	34,092

7. Stocks

	2024	2023
	£	£
Finished goods	1,286,357	1,081,720

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Humble Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	143,410	87,782
Amounts owed by group undertakings	493,938	252,169
Other debtors	708,374	1,288,165

	1,345,722	1,628,116

9. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	298,263	528,856
Bank loans and overdrafts	100,000	100,000
Amounts owed to group undertakings	840,136	596,689
Other creditors	764,279	291,790
Taxation and social security	206,206	287,817

	2,208,884	1,805,152

10. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	125,000	225,000

11. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
223,776 Ordinary B shares of £ 0.01 each	2,238	2,238

Preference Shares

	2024	2023
Allotted, called up and fully paid	£	£
12,500 Preference A shares of £ 0.01 each	125	125

12. Related Party Transactions

During the year there were related party transactions with Vivat Bacchus Limited of £103,984.

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