REGISTERED NUMBER: 10356580 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HLM GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D L Mitson

Mrs V L Mitson

REGISTERED OFFICE:

4 Grovelands

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7TE

REGISTERED NUMBER:

10356580 (England and Wales)

ACCOUNTANTS:

Kings Chartered Accountants

4 Grovelands

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7TE

FIXED ASSETS

Investments

4

700

700

CURRENT ASSETS

Debtors

5

4,262,979

4,822,937

Cash at bank and in hand

22,517

68,813

4,285,496

4,891,750

CREDITORS

Amounts falling due within one year

6

574,443

874,697

NET CURRENT ASSETS

3,711,053

4,017,053

TOTAL ASSETS LESS CURRENT LIABILITIES

3,711,753

4,017,753

CREDITORS

Amounts falling due after more than one year

7

2,794,922

3,033,383

NET ASSETS

916,831

984,370

CAPITAL AND RESERVES

Called up share capital

10

118

118

Share premium

11

1,499,983

1,499,983

Retained earnings

11

(583,270

)

(515,731

)

SHAREHOLDERS' FUNDS

916,831

984,370

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 23 September 2025 and were signed on its behalf by:

Mr D L Mitson - Director

1.	STATUTORY INFORMATION

HLM 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.	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.

Preparation of consolidated financial statements

The financial statements contain information about HLM Group LTD 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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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 cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including loans from fellow group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

700

NET BOOK VALUE

At 31 December 2024

700

At 31 December 2023

700

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Aspen Animal Health Ltd

Registered office: 4 Grovelands Boundary Way, Hemel Hempstead, Hertfordshire, England, HP2 7TE

Nature of business: Manufacture of prepared feeds for farm animals

%

Class of shares:

holding

Ordinary Share

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

375,188

299,298

Profit/(loss) for the year

75,890

(127,368

)

Oaklands Animal Health Ltd

Registered office: 4 Grovelands Boundary Way, Hemel Hempstead, Hertfordshire,England, HP2 7TE

Nature of business: Manufacture of prepared pet food.

%

Class of shares:

holding

Ordinary shares

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

30,895

5,876

Profit/(loss) for the year

25,019

(180,782

)

Westgate EFI Global Ltd

Registered office: 4 Grovelands Boundary Way, Hemel Hempstead, Hertfordshire,England, HP2 7TE

Nature of business: Wholesale trade

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

(912,207

)

(791,820

)

Loss for the year

(120,387

)

(224,090

)

Nourish Animal Health Ltd

Registered office: 4 Grovelands Boundary Way, Hemel Hempstead, Hertfordshire,England, HP2 7TE

Nature of business: Manufacture of prepared pet foods

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

100

100

Science Supplements Inc.

Registered office: 1209 N Orange St, Wilmington, DE 19801, United States

Nature of business: Wholesale equine supplements

%

Class of shares:

holding

Common

100.00

Science Supplements Ltd

Registered office: 4 Grovelands Boundary Way, Hemel Hempstead, Hertfordshire,England, HP2 7TE

Nature of business: Manufacture of prepared pet foods

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

100

100

Science Supplements Equestrian Ltd

Registered office: 4 Grovelands Boundary Way, Hemel Hempstead, Hertfordshire,England, HP2 7TE

Nature of business: Manufacture of prepared feeds for farm animals

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

100

100

Evoke Country & Equestrian Ltd

Registered office: 4 Grovelands, Boundary Way, Hemel Hempstead, Hertfordshire, HP2 7TE

Nature of business: Licensing and marketing of clothing brands

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

(115,884

)

27,506

(Loss)/profit for the year

(143,390

)

27,148

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

4,262,979

4,822,937

Included within amounts owed from group undertakings is £4,262,927 (2023: £4,822,937) due in more than one year.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other loans (see note 8)

240,000

240,000

Amounts owed to group undertakings

300

300

Directors' current accounts

334,143

634,397

574,443

874,697

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other loans (see note 8)

2,794,922

3,033,383

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

1,834,922

2,073,383

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Other loans

240,000

240,000

Amounts falling due between one and two years:

Other loans - 1-2 years

240,000

240,000

Amounts falling due between two and five years:

Other loans - 2-5 years

720,000

720,000

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

1,834,922

2,073,383

9.	SECURED DEBTS

At 31 December 2024 the assets of the company were subject to a registered debenture that forms security for loans in the parent undertaking.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,176

Ordinary shares

£0.10

118

118

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

(515,731

)

1,499,983

984,252

Deficit for the year

(67,539

)

(67,539

)

At 31 December 2024

(583,270

)

1,499,983

916,713