REGISTERED NUMBER: 13985336 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HPD 2 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I J Hussain

M Jakisic

REGISTERED OFFICE:

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

REGISTERED NUMBER:

13985336 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Investment property

4

32,000,000

32,000,000

CURRENT ASSETS

Debtors

5

565,966

293,805

Cash at bank

487,787

1,857,252

1,053,753

2,151,057

CREDITORS

Amounts falling due within one year

6

237,656

99,074

NET CURRENT ASSETS

816,097

2,051,983

TOTAL ASSETS LESS CURRENT LIABILITIES

32,816,097

34,051,983

CREDITORS

Amounts falling due after more than one year

7

(19,750,000

)

(19,750,000

)

PROVISIONS FOR LIABILITIES

(3,340,791

)

(3,575,536

)

NET ASSETS

9,725,306

10,726,447

CAPITAL AND RESERVES

Called up and paid share capital

100

100

Revaluation reserve

9

10,021,373

10,726,608

Retained earnings

(296,167

)

(261

)

9,725,306

10,726,447

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

I J Hussain - Director

M Jakisic - Director

1.	STATUTORY INFORMATION

HPD 2 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 as modified by the revaluation of certain assets.

Turnover

Turnover relates to the receipt of rental income and is recognised in the period to which it relates. Turnover is measured at the fair value of the consideration received or receivable and there is no VAT on this income.

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.

Investment property is initially recorded at cost and subsequently at fair value, with fair value gains or losses being recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 13 (2024 - 6 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

32,000,000

Additions

939,980

Revaluations

(939,980

)

At 31 March 2025

32,000,000

NET BOOK VALUE

At 31 March 2025

32,000,000

At 31 March 2024

32,000,000

Fair value at 31 March 2025 is represented by:

£

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL

Cost/valuation b/f

32,000,000

Additions

939,980

Revaluations

(939,980

)

32,000,000

CLIENT SCREEN TOTAL

=

-

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

2025

2024

£

£

Cost

17,697,857

17,697,857

The investment property was valued on an open market basis on 27 March 2024 by a reputable source .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

55,148

-

Other debtors

510,818

293,805

565,966

293,805

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

869

Amounts owed to group undertakings

-

49,203

Taxation and social security

17,631

3,277

Other creditors

220,025

45,725

237,656

99,074

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

19,750,000

19,750,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

19,750,000

19,750,000

8.	SECURED DEBTS

The loan is secured by way of a fixed charge over the investment property held by the company.

9.

RESERVES

The revaluation reserve is a non-distributable reserve relating to fair value gains or losses on the revaluation of the investments property, net of related deferred tax.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned group entities.

Included in other debtors are amounts owed of £1,450,798 (2024: £278,427) from companies under the control of the directors.

Included in other creditors are amounts due of £10,000 (2024: £nil) due to a company under the control of the director.

These loans are interest free and repayable on demand.