Company Registration No. 09003127 (England and Wales)
BHID Group Limited
Annual report and financial statements
for the year ended 30 April 2025
BHID Group Limited
Company information
Directors
S Davies
(Appointed 11 December 2024)
G Aylward
L M Quinlan
Secretary
G Aylward
Company number
09003127
Registered office
Broadoak Business Park
Ashburton Road West
Trafford Park
Manchester
M17 1RW
Independent auditor
Saffery LLP
Trinity
16 John Dalton Street
Manchester
M2 6HY
Bankers
Royal Bank of Scotland plc
1 Spinningfields Square
Manchester
M3 3AP
Solicitors
Ward Hadaway LLP
The Observatory
10 Chapel Walks
Manchester
M2 1HL
BHID Group Limited
Contents
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 8
Statement of comprehensive income
9
Statement of financial position
10
Statement of changes in equity
11
Notes to the financial statements
12 - 18
BHID Group Limited
Strategic report
For the year ended 30 April 2025
1

The directors present the strategic report for the year ended 30 April 2025.

Principal activities

The principal activity of the Company is a holding company.

The principal activity of the Group is the marketing, design, manufacture and installation of bespoke luxury fitted products for the home and engages with customers online with a focused digital marketing approach through its nationwide estate of showrooms and also through home sales visits.

Business review

BHID Group Limited (the “Company”) is part of the wider Hartford Topco Limited Group (the “Group”).

Overall, the Group’s performance in FY25 was mixed, being a combination of continued weak consumer sentiment adversely affecting top-line Order Intake and Turnover, whilst the Group made strong progress optimising operational performance and margin delivery.

Supply-side environment

We saw reduced macroeconomic headwinds with stability across labour availability, commodity/input price inflation, energy costs and general inflation. The much publicised and significant increase in UK employer costs post the UK Budget 2025/26 in April’25 (Employers NI and National Minimum Wage increases) has placed considerable pressure on the cost base and employment.

Demand-side environment

The macroeconomic headwinds faced in the prior years persisted and continue to present a challenge for the Company and the broader UK economy. Some of these challenging macro factors that adversely affect consumer confidence and demand included:

- Persistent cost of living challenges (whilst CPI inflation was significantly reduced, it did increase from 2.8% in May ’24 to 4.1% in April '25);

- Bank of England interest rates started the financial year at a 16 year high of 5.25% and positively reduced to 4.25% in May ’25, both considerably greater than the 2009-22 sub 1% range;

- UK mortgage interest rates remain persistently high, in the range of 4-5.5% for much of the financial year (vs 2016-22 range of 2-3%), making larger projects more difficult to finance for consumers;

- Residential property transaction volumes remain significantly down (c.25-35%) when compared to the 5 year average pre-Covid (2015-19);

- Continued instability & low confidence in the new UK Government;

- Continuation of both the Russian led war in Ukraine and the Israel & Hamas war; and

- The USA’s announcement of global trade tariffs in April ’25 creating both supply chain shocks & challenges, and further denting consumer confidence.

Principal risks and uncertainties

Due to the nature of the business, there are no material risks or uncertainties which require disclosure.

BHID Group Limited
Strategic report (continued)
For the year ended 30 April 2025
2
Financial key performance indicators

Due to the nature of the business, there are no relevant key performance indicators which require disclosure.

On behalf of the board

G Aylward
Director
30 September 2025
BHID Group Limited
Directors' report
For the year ended 30 April 2025
3

The directors present their annual report and financial statements for the year ended 30 April 2025.

Results and dividends

The results for the year are set out on page 9.

Ordinary dividends were paid amounting to £3,961,040. The directors do not recommend payment of a final dividend.

Directors

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

S Davies
(Appointed 11 December 2024)
G Aylward
L M Quinlan
S P Meyrick
(Resigned 10 March 2025)
N J Pailing
(Resigned 29 November 2024)
D A Murray
(Resigned 10 May 2024)
N R M Seaman
(Resigned 10 May 2024)
M H Storey
(Resigned 10 May 2024)
Energy and carbon report

The carbon reporting requirement has been included in the consolidated accounts for Hartford Topco Limited, reflecting our commitment to transparency and sustainability in our operations.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

BHID Group Limited
Directors' report (continued)
For the year ended 30 April 2025
4
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
G Aylward
Director
30 September 2025
BHID Group Limited
Independent auditor's report
To the members of BHID Group Limited
5
Opinion

We have audited the financial statements of BHID Group Limited (the 'company') for the year ended 30 April 2025 which comprise the statement of comprehensive income, the statement of financial position, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

BHID Group Limited
Independent auditor's report
To the members of BHID Group Limited (continued)
6

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

BHID Group Limited
Independent auditor's report
To the members of BHID Group Limited (continued)
7

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities:

We assessed the susceptibility of the company’s financial statements to material misstatement and how fraud might occur, including through discussions with the directors, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the company by discussions with directors and by updating our understanding of the sector in which the company operates.

Laws and regulations of direct significance in the context of the company include The Companies Act 2006 and UK Tax legislation.

Audit response to risks identified

We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the company's records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the company's policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

BHID Group Limited
Independent auditor's report
To the members of BHID Group Limited (continued)
8

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Luke Hanratty
Senior Statutory Auditor
For and on behalf of Saffery LLP
30 September 2025
Statutory Auditors
Trinity
16 John Dalton Street
Manchester
M2 6HY
BHID Group Limited
Statement of comprehensive income
For the year ended 30 April 2025
9
2025
2024
Notes
£000
£000
Turnover
-
-
Administrative expenses
-
0
(37)
Operating profit/(loss)
-
(37)
Interest receivable and similar income
4
3,961
-
0
Profit/(loss) before taxation
3,961
(37)
Tax on profit/(loss)
5
-
0
-
0
Profit/(loss) for the financial year
3,961
(37)

The income statement has been prepared on the basis that all operations are continuing operations.

BHID Group Limited
Statement of financial position
As at 30 April 2025
10
2025
2024
Notes
£000
£000
£000
£000
Fixed assets
Investments
7
63
63
Current assets
Debtors
9
28,354
29,061
Creditors: amounts falling due within one year
10
(21,145)
(21,851)
Net current assets
7,209
7,210
Net assets
7,272
7,273
Capital and reserves
Called up share capital
11
10
10
Share premium account
12
86
86
Profit and loss reserves
7,176
7,177
Total equity
7,272
7,273
The financial statements were approved by the board of directors and authorised for issue on 30 September 2025 and are signed on its behalf by:
G Aylward
Director
Company Registration No. 09003127
BHID Group Limited
Statement of changes in equity
For the year ended 30 April 2025
11
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£000
£000
£000
£000
Balance at 1 May 2023
10
86
7,213
7,309
Year ended 30 April 2024:
Loss and total comprehensive income
-
-
(37)
(37)
Balance at 30 April 2024
10
86
7,177
7,273
Year ended 30 April 2025:
Profit and total comprehensive income
-
-
3,961
3,961
Dividends
6
-
-
(3,961)
(3,961)
Balance at 30 April 2025
10
86
7,176
7,272
BHID Group Limited
Notes to the financial statements
For the year ended 30 April 2025
12
1
Accounting policies
Company information

BHID Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Broadoak Business Park, Ashburton Road West, Trafford Park, Manchester, M17 1RW.

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.

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 £000.

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

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

The financial statements of the company are consolidated in the financial statements of Hartford Topco Limited. These consolidated financial statements are available from its registered office, Broadoak Business Park, Ashburton Road West, Trafford Park, Manchester.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries 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.

BHID Group Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
1
Accounting policies (continued)
13
1.4
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 statement of financial position 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 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.

Other financial assets

Other financial assets 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 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 end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the 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 asset’s 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 when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, 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 deducting all of its liabilities.

BHID Group Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
1
Accounting policies (continued)
14
Basic financial liabilities

Basic financial liabilities, including loans from fellow group 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Derecognition of financial liabilities

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

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Critical accounting judgements and key sources of estimation uncertainty

Management consider there to be no key judgements in the application of accounting policies or key sources of estimation uncertainty.

3
Employees

The company has no employees other than the directors who did not receive any remuneration (2024: £nil).

4
Interest receivable and similar income
2025
2024
£000
£000
Income from fixed asset investments
Income from shares in group undertakings
3,961
-
0
BHID Group Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
15
5
Taxation

The actual charge for the year can be reconciled to the expected charge/(credit) for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£000
£000
Profit/(loss) before taxation
3,961
(37)
Expected tax charge/(credit) based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
990
(9)
Tax effect of expenses that are not deductible in determining taxable profit
-
0
9
Tax effect of income not taxable in determining taxable profit
(990)
-
0
Taxation charge for the year
-
-
6
Dividends
2025
2024
£000
£000
Interim paid
3,961
-
0
7
Fixed asset investments
2025
2024
Notes
£000
£000
Investments in subsidiaries
8
63
63
BHID Group Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
16
8
Subsidiaries

Details of the company's subsidiaries at 30 April 2025 are as follows:

Name of undertaking
Address
Class of
% Held
shares held
Direct
Indirect
Bespoke Home Interior Design Limited
1
Ordinary
100
-
Neville Johnson Holdings Limited
1
Ordinary
-
100
Neville Johnson Group Ltd
1
Ordinary & Deferred
-
100
Neville Johnson Offices Ltd
1
Ordinary & Deferred
-
100
Neville Johnson Staircases Limited
1
Ordinary
-
100
Neville Johnson Limited
1
Ordinary
-
100
Tom Howley Limited
1
Ordinary
-
100
London Door Company Limited
1
Ordinary
-
0
100
The London Door Company Subsidiary Limited
1
Ordinary
-
100

Registered office addresses (all UK unless otherwise indicated):

1
Broadoak Business Park, Ashburton Road West, Trafford Park, Manchester M17 1RW, England
9
Debtors
2025
2024
Amounts falling due within one year:
£000
£000
Amounts owed by group undertakings
28,354
27,975
Prepayments and accrued income
-
0
1,086
28,354
29,061
10
Creditors: amounts falling due within one year
2025
2024
£000
£000
Amounts owed to group undertakings
21,142
21,142
Accruals and deferred income
3
709
21,145
21,851
BHID Group Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
17
11
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£000
£000
Issued and fully paid
A1 Ordinary of 10p each
-
50,001
-
5
B Ordinary of 10p each
-
40,000
-
4
C Ordinary of 10p each
-
5,500
-
1
D Ordinary of 10p each
-
1,000
-
-
E Ordinary of 10p each
-
1,000
-
-
Ordinary of 10p each
95,503
-
10
-
95,503
97,501
10
10

On 10 May 2024, 2,035 A ordinary shares were designated into A2 ordinary shares, leaving a total of 47,966 A ordinary shares to be designated into A1 ordinary shares.

There was also was a sub-division of D ordinary and E ordinary shares. 1,000 D, and 1,000 E ordinary shares at 0.01p were restructured to have a total of 1 D and 1 E ordinary shares issued with a nominal value of 10p.

On the same day, all shares were then reassigned to be Ordinary shares.

The Ordinary shares have attached to them full voting, dividend and capital distribution (including on winding up) rights; they do not confer any rights of redemption.

12
Share premium account

Includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

13
Financial commitments, guarantees and contingent liabilities

The contingent liability at 30 April 2024 was £7,250k in relation to a joint bank guarantee has been satisfied in full on 10 May 2024. On 10 May 2024 the company entered into a new joint bank guarantee with Hartford Lower Midco Limited and its subsidiaries. The contingent liability at 30 April 2025 was £19,3 00k.

There is also a composite guarantee and debenture in Hartford Midco Limited and its subsidiaries, providing security over certain assets of the group and including guarantees from specified group companies. The other loans liability at 30 April 2025 was £16,698,429 Fixed Rate Secured A1 Loan Notes 2030 and £3,205,058 Fixed Rate Secured A2 Loan Notes 2030.

14
Related party transactions

The Company has taken advantage of the exemption within FRS 102 (section 33) and has not disclosed transactions with fellow group undertakings.

Management believe that the directors are the key management personnel of the Company.

BHID Group Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
18
15
Ultimate controlling party

On 10 May 2024 the entire share capital of BHID Group Limited was acquired by Hartford Bidco Limited.

As at 30 April 2025 the directors consider that the ultimate parent undertaking of the Company is Hartford Topco Limited which is registered in England and Wales. The Third Alcuin Fund Limited Partnership (a fund controlled by Alcuin Capital Partners LLP) hold 74% of the issued share capital in Hartford Topco Limited. The immediate parent undertaking is Hartford Bidco Limited which is registered in England and Wales.

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