Registration number: 11948305

HGMLM Ltd

Statement of Financial Position as at 30 April 2025

	Note	2025 £	2024 £
Current assets
Debtors	5	625	1,407
Cash at bank and in hand		420	6,814
		1,045	8,221
Creditors: Amounts falling due within one year	6	(2,160)	(3,400)
Total assets less current liabilities		(1,115)	4,821
Creditors: Amounts falling due after more than one year	6	-	(3,542)
Net (liabilities)/assets		(1,115)	1,279
Capital and reserves
Called up share capital		1	1
Retained earnings		(1,116)	1,278
Shareholders' (deficit)/funds		(1,115)	1,279

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of HGMLM Ltd has elected not to include a copy of the profit and loss account within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the director on 26 September 2025
 

.........................................

P O'Donoghue

Director

Company registration number: 11948305

HGMLM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fine Acres
Tolhurst Lane
Wallcrouch
Wadhurst
East Sussex
TN5 7JG

The principal activity of the company is that of the provision of management consultancy.

2	Accounting policies

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss in the year ended 30 April 2025 and had net liabilities of £1,115 at that date. Having made enquiries the directors have a reasonable expectation that the company has adequate resources to remain in operational existence for the forseeable future. Accordingly, the directors continue to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue evenly over the period in which the consulting services are provided.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

HGMLM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 0).

HGMLM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4	Tangible assets

	Furniture, fittings and equipment  £
Cost or valuation
At 1 May 2024	1,964
Disposals	(1,964)
At 30 April 2025	-
Depreciation
At 1 May 2024	1,964
Eliminated on disposal	(1,964)
At 30 April 2025	-
Carrying amount
At 30 April 2025	-

5

Debtors

	2025 £	2024 £
Other debtors	625	1,407
	625	1,407

HGMLM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings	7	-	2,500
Accruals and deferred income		2,160	900
		2,160	3,400