Company No: 03067037 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	Julie Allen
	Hossein Babai
	Laelih Babai
	Matthew Babai

Secretary

Julie Allen

Registered office	Horton Place
	Hortons Way
	Westerham
	TN16 1BT
	United Kingdom

Company number

03067037 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	6,189,754		6,189,754
		6,189,754		6,189,754
Current assets
Debtors	4	12,630,567		11,392,074
Cash at bank and in hand		1,211,571		164,218
		13,842,138		11,556,292
Creditors: amounts falling due within one year	5	( 1,492,670)		( 1,236,034)
Net current assets		12,349,468		10,320,258
Total assets less current liabilities		18,539,222		16,510,012
Creditors: amounts falling due after more than one year	6	( 9,372,576)		( 7,672,110)
Net assets		9,166,646		8,837,902
Capital and reserves
Called-up share capital	7	10,000		10,000
Revaluation reserve		1,447,481		1,447,481
Profit and loss account		7,709,165		7,380,421
Total shareholders' funds		9,166,646		8,837,902

For the financial year ending 31 March 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 Hyhurst Properties Limited (registered number: 03067037) were approved and authorised for issue by the Board of Directors on 06 October 2025. They were signed on its behalf by:

Julie Allen Director

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

Hyhurst Properties 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 Horton Place, Hortons Way, Westerham, TN16 1BT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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.

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:

Investment property

not depreciated

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.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

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.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	12		11

3. Tangible assets

	Investment property		Total
	£		£
Cost/Valuation
At 01 April 2024	6,189,754		6,189,754
At 31 March 2025	6,189,754		6,189,754
Accumulated depreciation
At 01 April 2024	0		0
At 31 March 2025	0		0
Net book value
At 31 March 2025	6,189,754		6,189,754
At 31 March 2024	6,189,754		6,189,754

Investment properties

The 2025 valuations were made by the director, on an open market value for existing use basis

4. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	12,608,372		11,382,274
Other debtors	22,195		9,800
	12,630,567		11,392,074

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	203,333		203,334
Amounts owed to Group undertakings	975,885		645,679
Taxation and social security	93,583		192,213
Other creditors	219,869		194,808
	1,492,670		1,236,034

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	9,372,576		7,672,110

The bank loans are secured by way of a legal charge over the properties owned by the company.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 1.00 each	10,000		10,000

8. Related party transactions

All directors' remuneration and other transactions with related parties paid by the company during the year were done so under normal market conditions.

9. Ultimate controlling party

The company controlled by H Babai and J Babai. Each of H Babai and J Babai hold 45.5% of the shares, giving them a 91% shareholding between them.