REGISTERED NUMBER: 14106736 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Hatched Group Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

J P Hickman

J D Madeley

M Peden

REGISTERED OFFICE:

Magellan House

Armouries Way

Leeds

LS10 1JE

REGISTERED NUMBER:

14106736 (England and Wales)

ACCOUNTANTS:

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hatched Group Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hatched Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hatched Group Limited and state those matters that we have agreed to state to the Board of Directors of Hatched Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hatched Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hatched Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hatched Group Limited. You consider that Hatched Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hatched Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

21 July 2025

FIXED ASSETS

Investments

5

826,374

826,374

CURRENT ASSETS

Debtors

6

12,813

16,422

CREDITORS

Amounts falling due within one year

7

262,813

166,422

NET CURRENT LIABILITIES

(250,000

)

(150,000

)

TOTAL ASSETS LESS CURRENT LIABILITIES

576,374

676,374

CREDITORS

Amounts falling due after more than one year

8

100,000

300,000

NET ASSETS

476,374

376,374

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Share premium

323,374

323,374

Retained earnings

150,000

50,000

476,374

376,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 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 21 July 2025 and were signed on its behalf by:

J D Madeley - Director

1.	STATUTORY INFORMATION

Hatched Group 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 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.

Going concern

The accounts have been prepared on a going concern basis as its trading subsidiary has confirmed that it will support the company in meeting its liabilities as and when they fall due. The directors of the company are also directors of the trading subsidiary and are satisfied that the trading subsidiary has adequate resources to support the company in meeting its liabilities.

Preparation of consolidated financial statements

The financial statements contain information about Hatched Group Limited 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.

Investments in subsidiaries

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

826,374

NET BOOK VALUE

At 31 December 2024

826,374

At 31 December 2023

826,374

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

12,813

9,258

Other debtors

-

7,164

12,813

16,422

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

262,813

166,422

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

100,000

300,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

J D Madeley

Balance outstanding at start of year

7,164

-

Amounts advanced

-

7,164

Amounts repaid

(7,164

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

7,164

Directors loans are not subject to interest and are repayable on demand.

10.	RELATED PARTY DISCLOSURES

Subsidiary company

2024

2023

£

£

Amount due from related party at the balance sheet date

12,813

9,258

The above loan is interest free and repayable on demand.

Directors

At 31 December 2024 the company owed £350,000 (2023: £450,000) to a director of the company. During the year interest amounting to £37,840 was paid on the outstanding balance, being charged at a rate of 4% above the base rate.