REGISTERED NUMBER: 04641339 (England and Wales)

Financial Statements

for the Year Ended 31 January 2026

for

Hilmar Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P B M Fenwick

Mr P J Fenwick

Mr K M D Fenwick

SECRETARY:

Mr P B M Fenwick

REGISTERED OFFICE:

1 Riverview

WASHINGTON

Tyne and Wear

NE38 8AU

REGISTERED NUMBER:

04641339 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

FIXED ASSETS

Tangible assets

4

7,589

8,928

CURRENT ASSETS

Debtors

35,531

6,187

Cash at bank

8,187

8,255

43,718

14,442

CREDITORS

Amounts falling due within one year

17,410

17,502

NET CURRENT ASSETS/(LIABILITIES)

26,308

(3,060

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,897

5,868

CREDITORS

Amounts falling due after more than one year

(45,515

)

(20,515

)

PROVISIONS FOR LIABILITIES

(1,214

)

(1,248

)

NET LIABILITIES

(12,832

)

(15,895

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(12,932

)

(15,995

)

SHAREHOLDERS' FUNDS

(12,832

)

(15,895

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 January 2026 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 29 July 2026 and were signed on its behalf by:

Mr P B M Fenwick - Director

1.	STATUTORY INFORMATION

Hilmar 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

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

Short leasehold

-

15% on reducing balance

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating leases

Rental income from operating leases is recognised on a straight line basis over the term of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2025

and 31 January 2026

24,120

DEPRECIATION

At 1 February 2025

15,192

Charge for year

1,339

At 31 January 2026

16,531

NET BOOK VALUE

At 31 January 2026

7,589

At 31 January 2025

8,928

5.	RELATED PARTY DISCLOSURES

Included within creditors within one year are loans from directors amounting to £14,506 (2025: £15,304). These loans are unsecured on an interest free basis and repayable on demand.

Included within creditors over one year are loans from directors amounting to £45,515 (2025: £20,515). These loans are unsecured on an interest free basis.