REGISTERED NUMBER: 12000874 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2024

FOR

HAMELIN PEST LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

C Haughton

Mrs A Haughton

R Jenner

Registered office:

Apex House

Coldnose Road

Skylon Park

Hereford

HR2 6JL

Registered number:

12000874 (England and Wales)

Fixed assets

Intangible assets

4

24,609

29,331

Tangible assets

5

2,775

6,676

27,384

36,007

Current assets

Stocks

6

38,089

51,354

Debtors

7

8,201

10,857

Cash at bank and in hand

145,627

91,457

191,917

153,668

Creditors

Amounts falling due within one year

8

48,508

80,391

Net current assets

143,409

73,277

Total assets less current liabilities

170,793

109,284

Provisions for liabilities

9

700

1,700

Net assets

170,093

107,584

Capital and reserves

Called up share capital

10

300

300

Retained earnings

169,793

107,284

Shareholders' funds

170,093

107,584

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 24th September 2025 and were signed on its behalf by:

C Haughton - Director

1.	Statutory information

Hamelin Pest 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.

2.	Accounting policies

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Product rights are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following rates in order to write off each asset over its estimated useful life:

Plant & equipment

20% straight line

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

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducing all of its liabilities.

Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognized at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.	Employees (including officers)

The average number of employees during the year was 3 (2023 - 3 ) .

4.	Intangible fixed assets

Product

Goodwill

rights

Totals

£

£

£

Cost

At 1st January 2024

and 31st December 2024

44,000

3,219

47,219

Amortisation

At 1st January 2024

16,600

1,288

17,888

Amortisation for year

4,400

322

4,722

At 31st December 2024

21,000

1,610

22,610

Net book value

At 31st December 2024

23,000

1,609

24,609

At 31st December 2023

27,400

1,931

29,331

5.	Tangible fixed assets

Plant &

equipment

£

Cost

At 1st January 2024

and 31st December 2024

19,508

Depreciation

At 1st January 2024

12,832

Charge for year

3,901

At 31st December 2024

16,733

Net book value

At 31st December 2024

2,775

At 31st December 2023

6,676

6.

Stocks

31.12.24

31.12.23

£

£

Stocks

38,089

51,354

7.

Debtors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade debtors

8,201

10,618

Other debtors

-

239

8,201

10,857

8.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade creditors

4,780

3,575

Amounts owed to related parties

8,794

61,927

Corporation tax

23,500

10,900

Social security & other taxes

7,234

389

Other creditors

4,200

3,600

48,508

80,391

9.	Provisions for liabilities

31.12.24

31.12.23

£

£

Deferred tax

700

1,700

Deferred tax

£

Balance at 1st January 2024

1,700

Accelerated capital allowances

(1,000

)

Balance at 31st December 2024

700

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

300

Ordinary

£1

300

300

11.	Contingent liabilities & lease commitments

There were no contingent liabilities or lease commitments as at 31st December 2024.

12.	Related party disclosures

The following transactions with related parties, on normal commercial terms, took place during the year:

Loans repaid

Balance debtor

Balance creditor

£

£

£

Entities with common key management personnel

53,133

-

8,794