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REGISTERED NUMBER: 13520751 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Heath Street Investment Ltd

Heath Street Investment Ltd (Registered number: 13520751)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Heath Street Investment Ltd

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | G R Ziser

| REGISTERED OFFICE: | Unit 9

| First Floor, Hampstead West

| 224 Iverson Road

| West Hampstead

| London

| NW6 2HL

| REGISTERED NUMBER: | 13520751 (England and Wales)

| ACCOUNTANTS: | Newmans

| Chartered Certified Accountants

| DVS House

| Suite 1, First Floor

| 4 Spring Villa Road

| Edgware

| Middlesex

| HA8 7EB

Heath Street Investment Ltd (Registered number: 13520751)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,660,000 |  | 1,610,000 |  |

CURRENT ASSETS

Debtors | 5 | 50 |  | 67,931 |  |

Cash at bank | 2,110 |  | 2,340 |  |

2,160 |  | 70,271 |  |

CREDITORS

Amounts falling due within one year | 6 | 761,188 |  | 808,000 |  |

NET CURRENT LIABILITIES | (759,028 | ) | (737,729 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 900,972 |  | 872,271 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 927,521 |  | 927,514 |  |

NET LIABILITIES | (26,549 | ) | (55,243 | ) |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Revaluation reserve | 9 | 50,000 |  | - |  |

Retained earnings | (76,550 | ) | (55,244 | ) |

SHAREHOLDERS' FUNDS | (26,549 | ) | (55,243 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Heath Street Investment Ltd (Registered number: 13520751)

Balance Sheet - continued

31 March 2025

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2025 and were signed by:

G R Ziser - Director

Heath Street Investment Ltd (Registered number: 13520751)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Heath Street Investment Ltd 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.

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 as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2024 - NIL).

Heath Street Investment Ltd (Registered number: 13520751)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Land and

| buildings

£ |

| COST OR VALUATION

| At 1 April 2024 | 1,610,000 |  |

| Revaluations | 50,000 |  |

| At 31 March 2025 | 1,660,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,660,000 |  |

| At 31 March 2024 | 1,610,000 |  |

| Cost or valuation at 31 March 2025 is represented by:

| Land and

| buildings

£ |

| Valuation in 2024 | 50,000 |  |

| Cost | 1,610,000 |  |

1,660,000 |  |

| The leasehold property was valued on an existing use open market value basis by Colliers International UK LLP, chartered surveyors on 16 October 2024. In the opinion of the director the market value of the property at the balance sheet date is represented by the net book value above.

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts owed by associates | - |  | 67,881 |  |

| Other debtors | 50 |  | 50 |  |

50 |  | 67,931 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 5,952 |  | 2,965 |  |

| Amounts owed to group undertakings | 748,886 |  | 802,468 |  |

| Other creditors | 6,350 |  | 2,567 |  |

761,188 |  | 808,000 |  |

Heath Street Investment Ltd (Registered number: 13520751)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans (see note 8) | 927,521 |  | 927,514 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 year by installments | 927,521 |  | 927,514 |  |

8. | LOANS

| An analysis of the maturity of loans is given below:

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 year by installments | 927,521 |  | 927,514 |  |

| The bank loan is secured by a fixed and floating charge and negative pledge over the investment property of the company.

9. | RESERVES

| Revaluation

| reserve

£ |

| Revaluation leasehold property | 50,000 |  |

| At 31 March 2025 | 50,000 |  |

10. | FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

| The company is party to cross - guarantee in respect of a loan placed with themselves and other associated companies. The loan is secured by a fixed and floating charge and negative pledge over the investment property recorded in fixed assets. The aggregate loan balance at the period end was £34,338,522 (2023 - £34,375,823).

11. | GOING CONCERN

| At the time of approving the financial statements,the director has reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. The ability to continue as a going concern is based on resources and funding provided by the shareholders. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.