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Company No: 12890947 (England and Wales)

# HUMLIN GROUP LIMITED

### Unaudited Financial Statements
For the financial year ended 30 September 2025
Pages for filing with the registrar

HUMLIN GROUP LIMITED

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

HUMLIN GROUP LIMITED

## BALANCE SHEET

As at 30 September 2025
HUMLIN GROUP LIMITED

## BALANCE SHEET (continued)

As at 30 September 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 35,840 |  | 44,800
Investment property | 5 | 3,055,000 |  | 2,635,000
|  | 3,090,840 |  | 2,679,800
Current assets |  |  |  |
Debtors | 6 | 68,163 |  | 68,163
Cash at bank and in hand |  | 9,661 |  | 13,341
|  | 77,824 |  | 81,504
Creditors: amounts falling due within one year | 7 | ( 758,618) |  | ( 771,618)
Net current liabilities |  | (680,794) |  | (690,114)
Total assets less current liabilities |  | 2,410,046 |  | 1,989,686
Creditors: amounts falling due after more than one year | 8 | ( 1,530,539) |  | ( 1,559,763)
Provision for liabilities | 9 | ( 210,394) |  | ( 106,706)
Net assets |  | 669,113 |  | 323,217
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Undistributable reserve |  | 647,869 |  | 332,869
Profit and loss account |  | 21,144 |  | ( 9,752 )
Total shareholders' funds |  | 669,113 |  | 323,217

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

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Humlin Group Limited (registered number: 12890947) were approved and authorised for issue by the Board of Directors on 30 July 2026. They were signed on its behalf by:

N Gogna Director |

HUMLIN GROUP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
HUMLIN GROUP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Humlin Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Humlin Group Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

##### Turnover

Turnover is measured at the fair value of the consideration received or receivable for the rendering of services in the normal course of business and is shown net of discounts.
Turnover represents operating lease income from investment properties and is recognised in profit and loss on a straight-line basis over the lease term.

##### Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and 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.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.
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.

#### 2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities are as follows.
Fair value of investment property - Please see note 5

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 4. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 October 2024 | 70,000 |  | 70,000
At 30 September 2025 | 70,000 |  | 70,000
Accumulated depreciation |  |  |
At 01 October 2024 | 25,200 |  | 25,200
Charge for the financial year | 8,960 |  | 8,960
At 30 September 2025 | 34,160 |  | 34,160
Net book value |  |  |
At 30 September 2025 | 35,840 |  | 35,840
At 30 September 2024 | 44,800 |  | 44,800

#### 5. Investment property

| Investment property
| £
Valuation |
As at 01 October 2024 | 2,635,000
Fair value movement | 420,000
As at 30 September 2025 | 3,055,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 September 2025 by the directors with advice from external valuers. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by related parties | 66,810 |  | 66,810
Other debtors | 1,353 |  | 1,353
| 68,163 |  | 68,163

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 22,561 |  | 16,634
Trade creditors | 5,851 |  | 0
Amounts owed to related parties | 40,000 |  | 23,987
Taxation and social security | 17,655 |  | 1,248
Obligations under finance leases and hire purchase contracts | 12,590 |  | 12,590
Other creditors | 659,961 |  | 717,159
| 758,618 |  | 771,618

Hire Purchase creditors are secured on the asset to which they relate.

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,511,654 |  | 1,528,288
Obligations under finance leases and hire purchase contracts | 18,885 |  | 31,475
| 1,530,539 |  | 1,559,763

Bank loans are secured by way of fixed charges over the value of investment properties.

#### 9. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 106,706) |  | ( 63,687)
Charged to the Profit and Loss Account | ( 103,688) |  | ( 43,019)
At the end of financial year | ( 210,394) |  | ( 106,706)

#### 10. Related party transactions

At the year end, an amount of £20,000 (2024: £20,000) remained owed to a company under common control. In addition, an amount of £66,180 (2024: £66,180) was due from a company under common control. The balances are unsecured, interest-free and repayable on demand.