H & N (HOLDINGS) LTD


Directors	ATWAL, Harjinder Singh
	ATWAL, Narinder Singh


Registered Address	108/1 George Street
	Edinburgh
	EH2 4LH


Registered Number	SC495119 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		1,275,416		1,275,416
			1,275,416		1,275,416
Current assets
Debtors	4	71,568		596,453
Cash at bank and on hand		59,371		10,104
		130,939		606,557
Creditors amounts falling due within one year	5	(847,147)		(741,128)
Net current assets (liabilities)			(716,208)		(134,571)
Total assets less current liabilities			559,208		1,140,845
Creditors amounts falling due after one year	6		(11,037)		(473,756)
Net assets			548,171		667,089
Capital and reserves
Called up share capital			60,003		60,003
Profit and loss account			488,168		607,086
Shareholders' funds			548,171		667,089

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 December 2025, and are signed on its behalf by:

ATWAL, Harjinder Singh
Director
Registered Company No. SC495119

H & N (HOLDINGS) LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	H & N (Holdings) Ltd is a private company, limited by shares, registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	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.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover represents the rent receivable in the period. Income is recognised in the period to which it relates.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Investment property
	Investment property which is property held to earn rentals and/or for capital appreciation is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit and loss account.

	Financial instruments
	Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets 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. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.

Financial instruments

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
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.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Investment property
	In the opinion of the director, the market value of the other property is not materially different to the carrying value in the accounts as the balance sheet.


		£
	Fair value at 01 April 24	1,275,416
	At 31 March 25	1,275,416

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	10,882
Other debtors	71,568	585,571
Total	71,568	596,453

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	764	-
Bank borrowings and overdrafts	2,649	41,965
Taxation and social security	4,745	25,450
Other creditors	825,565	657,121
Accrued liabilities and deferred income	13,424	16,592
Total	847,147	741,128

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	11,037	473,756
Total	11,037	473,756


	Included within creditors falling due within one year and creditors falling due after one year is £13,686 (2024: £16,335) in respect of a loan guarantee by the government under Coronavirus Business Interruption Loan Scheme.

7.	Related party transactions
	Included in other debtors are the amounts due from the companies owned by the director or close relatives of the directors due with in 12 months. NA Aberdeen Ltd £30,000 (2024: £30,000); Jedco Ltd £6,206 (2024: Nil) Hadplaid Ltd acts as management company for H&N Holdings Ltd. The management charges amounting to £4,410 (2024: £10,410) recorded in accounts are paid to Hadplaid Ltd. Included in other creditors are the amounts due to the companies owned by the director or close relatives of the directors due with in 12 months. Hadplaid £148,804 (2024: £519,602 debtor balance); Avanti Commercial Properties Ltd £484,466 (2024: Nil). Included in other creditors falling due within one year are the amount owed to directors £169,610 (2024: £645,121).

Related party transactions

Included in other debtors are the amounts due from the companies owned by the director or close relatives of the directors due with in 12 months.
NA Aberdeen Ltd £30,000 (2024: £30,000); Jedco Ltd £6,206 (2024: Nil)

Hadplaid Ltd acts as management company for H&N Holdings Ltd. The management charges amounting to £4,410 (2024: £10,410) recorded in accounts are paid to Hadplaid Ltd.

Included in other creditors are the amounts due to the companies owned by the director or close relatives of the directors due with in 12 months.
Hadplaid £148,804 (2024: £519,602 debtor balance); Avanti Commercial Properties Ltd £484,466 (2024: Nil).

Included in other creditors falling due within one year are the amount owed to directors £169,610 (2024: £645,121).