Company registration number SC551008 (Scotland)
HDH 2016 LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
HDH 2016 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
HDH 2016 LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
23,850,000
23,850,000
Current assets
Debtors
4
1,380,558
1,441,349
Cash at bank and in hand
1,657,185
1,265,182
3,037,743
2,706,531
Creditors: amounts falling due within one year
5
(16,136,193)
(16,306,521)
Net current liabilities
(13,098,450)
(13,599,990)
Total assets less current liabilities
10,751,550
10,250,010
Deferred taxation
(855,553)
(855,553)
Net assets
9,895,997
9,394,457
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
9,895,897
9,394,357
Total equity
9,895,997
9,394,457

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved by the board of directors
19 September 2025
19 September 2025
and are signed on its behalf by:
John P Farmer
Director
Company Registration No. SC551008
HDH 2016 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

HDH 2016 Limited is a private company limited by shares incorporated in Scotland. The registered office is Maidencraig House, 192 Queensferry Road, Edinburgh, EH4 2BN.

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £.

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

1.2
Going concern

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

1.3
Turnover

Turnover represents rental income from an investment property leased out under operating leases is recognised in the profit and loss account on a straight-line basis over the term of the lease, net of VAT. Rent incentives granted by the company to its tenants are recognised as an integral part of the total rental income.

Incentives to enter into rental agreements are spread evenly over the rental term, even if the payments are not made on such a basis. The rental term is the non-cancellable period of the rental agreement, together with any further term for which the tenant has the option to continue the rental agreement, when, at the inception of the rental agreement it is reasonably certain that the tenant will exercise this option.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are 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.

1.6
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 the asset and settle the liability simultaneously.

HDH 2016 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Debtors

Debtors with no stated interest rate or receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Creditors

Creditors with no stated interest rate and payable within one year are recorded at transaction price.

All interest bearing loans and borrowings which are basic financial instruments are initially recorded at the present value of cash payable. After initial recognition they are measured at amortised cost.

1.7
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.

1.8
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
HDH 2016 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
23,850,000

Investment property comprises one commercial property. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2022 by Colliers International Valuation UK LLP Chartered Surveyors, who are not connected with the company. The valuation was made in accordance with the RICS Valuation – Global Standards (Incorporating the IVSC International Valuation Standards)’ prepared by the Royal Institution of Chartered Surveyors (the “Red Book”). The directors have reviewed the fair value of the property as at 31 March 2025 and believe there has been no material change since the last valuation took place.

If investment property was stated on an historical cost basis rather than a fair value basis, the amounts would have been as follows:
2025
2024
£
£
Cost
18,860,000
18,860,000
Accumulated depreciation
(3,017,600)
(2,640,400)
Carrying amount
15,842,400
16,219,600
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,006,216
1,155,284
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
374,342
286,065
Total debtors
1,380,558
1,441,349
HDH 2016 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other borrowings
15,245,948
15,604,763
Trade creditors
-
0
5,470
Corporation tax
104,752
309,375
Other creditors
435,680
38,400
Accruals and deferred income
349,813
348,513
16,136,193
16,306,521

Other borrowings include amounts which are secured by way of standard securities over the investment property in favour of John Phillip Farmer acting in his capacity as Trustees of Sir Tom Farmer's Trust for Adam Swycher, Sir Tom Farmer's Trust for Emma Swycher, Sir Tom Farmer's Trust for Matthew Swycher and The Benjamin T O J Farmer 2015 Trust.

6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
3,976,002
3,796,002

The d irectors are of the opinion that all other related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS102 section 1A appendix C.

8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

HDH 2016 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
8
Audit report information
(Continued)
- 6 -
Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 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.

Senior Statutory Auditor:
Iain Binnie
Statutory Auditor:
MHA
Date of audit report:
19 September 2025
2025-03-31 2024-04-01 false false false 19 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Sir Tom Farmer CVO CBE KCSG DL John P Farmer Rod SC551008 2024-04-01 2025-03-31 SC551008 2025-03-31 SC551008 2024-03-31 SC551008 core:CurrentFinancialInstruments 2025-03-31 SC551008 core:CurrentFinancialInstruments 2024-03-31 SC551008 core:ShareCapital 2025-03-31 SC551008 core:ShareCapital 2024-03-31 SC551008 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC551008 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC551008 core:ShareCapitalOrdinaryShareClass1 2025-03-31 SC551008 core:ShareCapitalOrdinaryShareClass1 2024-03-31 SC551008 bus:Director2 2024-04-01 2025-03-31 SC551008 2023-04-01 2024-03-31 SC551008 2024-03-31 SC551008 core:WithinOneYear 2025-03-31 SC551008 core:WithinOneYear 2024-03-31 SC551008 core:AfterOneYear 2025-03-31 SC551008 core:AfterOneYear 2024-03-31 SC551008 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC551008 bus:OrdinaryShareClass1 2025-03-31 SC551008 bus:OrdinaryShareClass1 2024-03-31 SC551008 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2025-03-31 SC551008 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC551008 bus:FRS102 2024-04-01 2025-03-31 SC551008 bus:Audited 2024-04-01 2025-03-31 SC551008 bus:Director1 2024-04-01 2025-03-31 SC551008 bus:Director3 2024-04-01 2025-03-31 SC551008 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC551008 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP