HYS (Holdings) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

HYS (Holdings) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03007521 . The registered office is 24 Park Road South, Havant, Hampshire, PO9 1HB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetayry amounts in these financial statements are rounded to the nearest £.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an inidvidual entity and not about its group.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

The revenue shown in the profit and loss account represents rents receivable in respect of the period. It includes the revelant proportion of rent receivable for the period- any income in relation to the next period has been deferred.

2.3. Intangible Fixed Assets and Amortisation - Intellectual Property

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the ocst or valuation of assets less their residual values over their useful lives on the following bases:

Intellectual Property 5 years straight line

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	6.67% on cost
Plant & Machinery	20% and 10% on cost
Fixtures & Fittings	20% and 10% on cost

Assets in the course of construction, or where construction has yet to begin, are not depreciated.

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.

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash generating unit to which the asset belongs.

2.5. Investment Properties

Investment property, which is property held for long term investment, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Depreciation is not provided in respect of freehold investment property.

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HYS (Holdings) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. 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 balance sheet 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 thr 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.

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, 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. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. 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. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

2.7. Foreign Currencies

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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HYS (Holdings) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.9. Fixed Asset Investments

Interests in subsidiary undertakings 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.

2.10. Cash and cash equivalents

Cash and cash equivalentsare basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.11. Transfers to fair value reserve

Gains or losses on fair value of investment property have been transferred from retained earnings to a specific non-distributable reserve; a fair value reserve. Similarly all deferred tax relating to these fair value movements has been transferred to the same reserve.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Intangible Assets

	Intellectual Property
	£
Cost
As at 1 January 2024	50,000

As at 31 December 2024	50,000

Amortisation
As at 1 January 2024	30,000
Provided during the period	10,000

As at 31 December 2024	40,000

Net Book Value
As at 31 December 2024	10,000

As at 1 January 2024	20,000

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2024	104,615	766,905	871,520
Additions	98,299	-	98,299

As at 31 December 2024	202,914	766,905	969,819

Depreciation
As at 1 January 2024	79,644	235,043	314,687
Provided during the period	14,034	23,162	37,196

As at 31 December 2024	93,678	258,205	351,883

...CONTINUED

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HYS (Holdings) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	109,236	508,700	617,936

As at 1 January 2024	24,971	531,862	556,833

6. Investment Property

	2024
	£
Fair Value
As at 1 January 2024 and 31 December 2024	17,100,000

7. Investments

	Unlisted
	£
Cost
As at 1 January 2024	1

As at 31 December 2024	1

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	1

As at 1 January 2024	1

8. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	121,841	107,971
Prepayments and accrued income	41,260	37,407
Other debtors	3,427	3,427
Amounts owed by group undertakings	28,327	28,327

	194,855	177,132

9. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	49,133	46,509
Bank loans and overdrafts	445,281	424,773
Corporation tax	268,652	268,648
Other taxes and social security	1,588	2,880
VAT	67,595	74,102
Other creditors	25,000	25,000
Accruals and deferred income	256,871	234,734
Amounts owed to group undertakings	2,724,943	2,724,943

	3,839,063	3,801,589

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HYS (Holdings) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	2,430,882	2,875,917

The following secured debts are included within creditors- Bank loans- £2,875,913 (2022: £3,300,690).

The bank loans are secured against the freehold and leasehold property of the company by an unlimited debenture and cross guarantee and set off agreement with the group companies.

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2024		2023
	£		£
Bank loans	434,655		967,775

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	50,000	50,000

12. Reserves

	Fair Value Reserve
	£
As at 1 January 2024	6,917,960

As at 31 December 2024	6,917,960

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		10,000		20,000
Tangible Assets	5		617,936		556,833
Investment Properties	6		17,100,000		17,100,000
Investments	7		1		1

			17,727,937		17,676,834
CURRENT ASSETS
Debtors	8	194,855		177,132
Cash at bank and in hand		199,793		290,827

		394,648		467,959
Creditors: Amounts Falling Due Within One Year	9	(3,839,063 )		(3,801,589 )

NET CURRENT ASSETS (LIABILITIES)			(3,444,415 )		(3,333,630 )

TOTAL ASSETS LESS CURRENT LIABILITIES			14,283,522		14,343,204

Creditors: Amounts Falling Due After More Than One Year	10		(2,430,882 )		(2,875,917 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,768,318 )		(2,768,318 )

NET ASSETS			9,084,322		8,698,969

CAPITAL AND RESERVES
Called up share capital	11		50,000		50,000
Fair value reserve	12		6,917,960		6,917,960
Profit and Loss Account			2,116,362		1,731,009

SHAREHOLDERS' FUNDS			9,084,322		8,698,969

Mr Robert Bicket Director	Mr Timothy Yetman Director
30/07/2025