Company No: 11923265 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	200,000		250,000
Tangible assets	4	78,638		98,449
		278,638		348,449
Current assets
Debtors	5	225,950		232,416
Cash at bank and in hand		130,398		94,584
		356,348		327,000
Creditors: amounts falling due within one year	6	( 175,088)		( 173,581)
Net current assets		181,260		153,419
Total assets less current liabilities		459,898		501,868
Provision for liabilities		( 19,659)		( 22,693)
Net assets		440,239		479,175
Capital and reserves
Called-up share capital		100		100
Share premium account		400,000		400,000
Profit and loss account		40,139		79,075
Total shareholders' funds		440,239		479,175

For the financial year ending 30 April 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 Radio H-P Limited (registered number: 11923265) were approved and authorised for issue by the Board of Directors on 10 November 2025. They were signed on its behalf by:

Mr N Hadden-Paton 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

Radio H-P 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 Leanne House, 6 Avon Close, Weymouth, DT4 9UX, 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 £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. 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 liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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:

Land and buildings	not depreciated
Plant and machinery	10 % reducing balance
Vehicles	25 % reducing balance
Office equipment	25 % reducing balance
Computer equipment	25 % 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		3

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 May 2024	500,000		500,000
At 30 April 2025	500,000		500,000
Accumulated amortisation
At 01 May 2024	250,000		250,000
Charge for the financial year	50,000		50,000
	0		0
At 30 April 2025	300,000		300,000
Net book value
At 30 April 2025	200,000		200,000
At 30 April 2024	250,000		250,000

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Computer equipment		Total
	£		£		£		£		£		£
Cost
At 01 May 2024	6,477		1,464		87,025		4,460		19,311		118,737
Additions	0		0		0		3,000		2,847		5,847
Disposals	0		0		( 2,285)		0		( 1,374)		( 3,659)
At 30 April 2025	6,477		1,464		84,740		7,460		20,784		120,925
Accumulated depreciation
At 01 May 2024	0		153		10,640		3,303		6,192		20,288
Charge for the financial year	0		328		18,537		289		3,607		22,761
Disposals	0		0		( 48)		0		( 714)		( 762)
At 30 April 2025	0		481		29,129		3,592		9,085		42,287
Net book value
At 30 April 2025	6,477		983		55,611		3,868		11,699		78,638
At 30 April 2024	6,477		1,311		76,385		1,157		13,119		98,449

5. Debtors

	2025		2024
	£		£
Trade debtors	14,593		22,605
Other debtors	211,357		209,811
	225,950		232,416

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	9,106		11,762
Taxation and social security	153,478		156,075
Other creditors	12,504		5,744
	175,088		173,581

7. Related party transactions

Transactions with the entity's directors

At 01 May 2024 the balance owed from the directors was £133,099. During the year, the company made advances to directors amounting to £164,498 and received repayments of £130,751 leaving a balance due from the directors of £166,846.

At 01 May 2023 the balance owed from the directors was £207,170. During the year, the company made advances to directors amounting to £209,279 and received repayments of £283,350 leaving a balance due from the directors of £133,099.

The Directors loan accounts) are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.