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REGISTERED NUMBER: 00333916 (England and Wales)

Financial Statements for the Year Ended 31 January 2025

for

The Hyman Group Limited

The Hyman Group Limited (Registered number: 00333916)

Contents of the Financial Statements

for the Year Ended 31 January 2025

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

The Hyman Group Limited

Company Information

for the Year Ended 31 January 2025

| DIRECTORS: | Mr M Hyman

| Mrs C P Hyman

| SECRETARY: | Mrs C P Hyman

| REGISTERED OFFICE: | The Talbot Offices

| Bath Street

| Lytham

| Lancashire

| FY8 5ES

| REGISTERED NUMBER: | 00333916 (England and Wales)

| ACCOUNTANTS: | Ashworth Treasure Limited

| Chartered Accountants

| 17-19 Park Street

| Lytham

| Lancashire

| FY8 5LU

The Hyman Group Limited (Registered number: 00333916)

Abridged Balance Sheet

31 January 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 44,991 |  | 64,495 |  |

Investment property | 5 | 331,250 |  | - |  |

376,241 |  | 64,495 |  |

CURRENT ASSETS

Stocks | 38,000 |  | 32,143 |  |

Debtors | 1,101,793 |  | 334,800 |  |

Cash at bank and in hand | 1,035,594 |  | 2,533,199 |  |

2,175,387 |  | 2,900,142 |  |

CREDITORS

Amounts falling due within one year | 2,308,183 |  | 2,365,695 |  |

NET CURRENT (LIABILITIES)/ASSETS | (132,796 | ) | 534,447 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 243,445 |  | 598,942 |  |

CREDITORS

Amounts falling due after more than one year | (5,347 | ) | (15,381 | ) |

PROVISIONS FOR LIABILITIES | - |  | (2,322 | ) |

NET ASSETS | 238,098 |  | 581,239 |  |

CAPITAL AND RESERVES

Called up share capital | 6,608 |  | 6,608 |  |

Retained earnings | 231,490 |  | 574,631 |  |

SHAREHOLDERS' FUNDS | 238,098 |  | 581,239 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Hyman Group Limited (Registered number: 00333916)

Abridged Balance Sheet - continued

31 January 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2025 and were signed on its behalf by:

Mr M Hyman - Director

The Hyman Group Limited (Registered number: 00333916)

Notes to the Financial Statements

for the Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| The Hyman 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.

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.

| Tangible fixed assets

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

| Leasehold improvements | - | 10% on cost

| Fixtures and fittings | - | 10% on cost

| Motor vehicles | - | 25% on cost

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

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

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The Hyman Group Limited (Registered number: 00333916)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| Long term contracts

| When the outcome of an individual contract can be foreseen with reasonable certainty and can be estimated reliably, margin is recognised by reference to the stage of completion, based on the lower of the percentage margin earned to date and that prudently forecast at completion. This is after the deduction of any foreseeable losses and applicable payments on account.

| Operating profit is stated after attributable profit on long term contracts completed and amounts recoverable on contracts uncompleted, the latter also being included within debtors due within one year.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 9 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 February 2024 | 339,803 |  |

| Additions | 664 |  |

| At 31 January 2025 | 340,467 |  |

| DEPRECIATION

| At 1 February 2024 | 275,308 |  |

| Charge for year | 20,168 |  |

| At 31 January 2025 | 295,476 |  |

| NET BOOK VALUE

| At 31 January 2025 | 44,991 |  |

| At 31 January 2024 | 64,495 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| Additions | 331,250 |  |

| At 31 January 2025 | 331,250 |  |

| NET BOOK VALUE

| At 31 January 2025 | 331,250 |  |

6. | CONTINGENT LIABILITIES

| The company has entered into a group composite guarantee structure with its bankers. The amount of indebtedness of other group companies at 31 January 2025 was £370,074 (2024: £399,556).

The Hyman Group Limited (Registered number: 00333916)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 | 2024 |

£ | £ |

| Mr M Hyman and Mrs C P Hyman

| Balance outstanding at start of year | 5,408 |  | 2,374 |  |

| Amounts advanced | 707,433 |  | 7,408 |  |

| Amounts repaid | (5,500 | ) | (4,374 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 707,341 |  | 5,408 |  |

| Interest was charged at the official rate of interest where applicable.

8. | ULTIMATE PARENT COMPANY

| The ultimate parent company is Vogue Jewel Products Limited.