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REGISTERED NUMBER: 11851778 (England and Wales)

| Financial Statements

| for the Year Ended 28 February 2025

| for

| HSP Residential Limited

HSP Residential Limited (Registered number: 11851778)

Contents of the Financial Statements

for the Year Ended 28 February 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

HSP Residential Limited

Company Information

for the Year Ended 28 February 2025

| DIRECTOR: | S S Popat

| REGISTERED OFFICE: | 36 Railway Approach

| Harrow

| Middlesex

| HA3 5AA

| REGISTERED NUMBER: | 11851778 (England and Wales)

| ACCOUNTANTS: | Parker Cavendish

| Chartered Accountants

| Suite 301, Stanmore Business

| and Innovation Centre

| Howard Road

| Stanmore

| Middlesex

| HA7 1FW

HSP Residential Limited (Registered number: 11851778)

Statement of Financial Position

28 February 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Investment property | 4 | 2,125,000 |  | 2,115,000 |  |

CURRENT ASSETS

Debtors | 5 | 689,842 |  | 224,196 |  |

Cash at bank | 51,075 |  | 9,498 |  |

740,917 |  | 233,694 |  |

CREDITORS

Amounts falling due within one year | 6 | (1,299,351 | ) | (1,740,296 | ) |

NET CURRENT LIABILITIES | (558,434 | ) | (1,506,602 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,566,566 |  | 608,398 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (1,490,448 | ) | (532,900 | ) |

PROVISIONS FOR LIABILITIES | (22,486 | ) | (22,486 | ) |

NET ASSETS | 53,632 |  | 53,012 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Other reserves | 76,519 |  | 76,519 |  |

Retained earnings | (22,987 | ) | (23,607 | ) |

SHAREHOLDERS' FUNDS | 53,632 |  | 53,012 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2025 and were signed by:

S S Popat - Director

HSP Residential Limited (Registered number: 11851778)

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| HSP Residential Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, modified to include investment property at fair value.

| Turnover

| Turnover represents rent receivable. Income is recognised over the period of the tenancy agreement.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 March 2024 | 2,115,000 |  |

| Additions | 10,000 |  |

| At 28 February 2025 | 2,125,000 |  |

| NET BOOK VALUE

| At 28 February 2025 | 2,125,000 |  |

| At 29 February 2024 | 2,115,000 |  |

HSP Residential Limited (Registered number: 11851778)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

4. | INVESTMENT PROPERTY - continued

| Fair value at 28 February 2025 is represented by:

£ |

| Valuation in 2023 | 99,005 |  |

| Cost | 2,025,995 |  |

2,125,000 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 2,025,995 |  | 2,015,995 |  |

| Investment property was valued on an open market basis on 28 February 2025 by the director .

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 689,842 |  | 224,196 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 210 |  | - |  |

| Other creditors | 1,299,141 |  | 1,740,296 |  |

1,299,351 |  | 1,740,296 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | 1,490,448 |  | 532,900 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Other loans more 5yrs non-inst | 1,490,448 |  | 532,900 |  |

HSP Residential Limited (Registered number: 11851778)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

8. | SECURED DEBTS

| Included within other creditors due within one year was a balance of £317,035 due to Together Commercial Finance Limited, provided for the purchase of an investment property in October 2023. The loan was over a 12 month term and interest was charged at a rate of 0.85% per month of the total loan facility. The loan was secured on the company's investment properties. The loan was settled in July 2024.

| Included within other creditors due in more than one year is a mortgage of £532,900 received from Charter Court Financial Services Limited in September 2021. The loan is over a 25 year term and is interest only, fixed at a rate of 2.89% for the first 2 years. Interest will then be calculated at 5.40% plus the Bank of England base rate. The loan is secured on one of the company's investment properties.

| Included within other creditors due in more than one year is a mortgage of £520,002 received from Paragon in July 2024. The loan is over a 25 year term and is interest only, fixed at a rate of 5.10% for the first 2 years. Interest will then be calculated at the standard variable rate less a discount of 1.25%. The loan is secured on one of the company's investment properties.

| Included within other creditors due in more than one year is a mortgage of £435,608 received from Paragon in October 2024. The loan is over a 25 year term and is interest only, fixed at a rate of 5.70% for the first 5 years. Interest will then be calculated at the standard variable rate less a discount of 1.25%. The loan is secured on one of the company's investment properties.

9. | RELATED PARTY DISCLOSURES

| Included within other creditors at the year end is an amount of £1,090,961 (2024: £885,081) due to the director S S Popat. This amount has been provided unsecured, interest free and is repayable on demand.

| Included within other creditors at the year end is an amount of £205,000 (2024: £120,000) due to Karuna Care (TLC) Limited, a company in which S S Popat is a director. The loan has been provided unsecured, interest free and is repayable on demand.

| Included within other creditors at the year end is an amount of £nil (2024: £415,000) due to Rockley Dene Homes Limited, a company in which S S Popat was a director up until 11 October 2024. The loan had been provided unsecured, interest free and is repayable on demand.

| Included within other debtors at the year end is an amount of £163,954 (2024: £160,157) due from HSP Chesham Limited, a company in which S S Popat is a director. This amount has been provided unsecured, interest free and is repayable on demand.

| Included within other debtors at the year end is an amount of £404,680 (2024: £53,680) due from Popaty EMA Limited, a company in which S S Popat is a director. This amount has been provided unsecured, interest free and is repayable on demand.

| Included within other debtors at the year end is an amount of £110,000 (2024: £nil) due from Candlewood House Limited, a company in which S S Popat was a director up until 11 October 2024. The loan has been provided unsecured, interest free and is repayable on demand.