Company registration number 08624184 (England and Wales)
HYMID GROUP LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
HYMID GROUP LTD
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
HYMID GROUP LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2024.

Principal activities

The principal activity of the company is that of a holding company of a trading group.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mrs C J McMurtrie
Mr T D McMurtrie
Mr D Hazell
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr T D McMurtrie
Director
5 September 2025
HYMID GROUP LTD
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
426,032
426,032
Current assets
Debtors
4
53,861
27,856
Creditors: amounts falling due within one year
5
(173,478)
(172,616)
Net current liabilities
(119,617)
(144,760)
Net assets
306,415
281,272
Capital and reserves
Called up share capital
6
100
100
Other reserves
4,427
20,835
Profit and loss reserves
301,888
260,337
Total equity
306,415
281,272

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 September 2025 and are signed on its behalf by:
Mr T D McMurtrie
Director
Company registration number 08624184 (England and Wales)
HYMID GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Hymid Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 12-16 Woodland Close, Torquay, Devon, TQ2 7BD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Equity instruments

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
426,032
426,032
HYMID GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
53,861
27,856
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
173,478
172,616

Other creditors includes a balance of £172,616 (2023: £171,758) owed to two directors. The balance is unsecured and deemed repayable on demand.

6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
10,000
10,000
100
100

EMI share options have been granted to five employees of the company's trading subsidiary. These provide the employees with options to acquire shares in the company at an agreed exercise price of £41.67 per share.

The total number of shares over which options have been granted is 3,000 O rdinary shares of £0.01 each (600 per scheme employee).

7
Share Option Reserve
2024
2023
£
£
At the beginning of the year
20,835
-
Additions
-
20,835
Other movements
(16,408)
-
At the end of the year
4,427
20,835

EMI share options have been granted to five employees of the company.

The options vest in stages as the vesting conditions are met. The vesting conditions are linked to the results achieved by the company's 100% trading subsidiary, Hymid Multi-Shot Limited. At the end of the period, one of the six vesting criteria had been met (2023: one) and all option holders are expected to remain in employment within the trading group during the vesting period.

As at the balance sheet date, the fair value of the shares options wa s £4,427 (2023: £20,835). Movements in the fair value of the options are recognised as employee remuneration.

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