Company No: 13992138 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	T D Hiskins
	E N Hiskins

REGISTERED OFFICE	23 Shakespeare Avenue
	Lichfield
	WS14 9BE
	United Kingdom

COMPANY NUMBER

13992138 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	17,616		18,025
Investment property	5	365,000		475,398
		382,616		493,423
Current assets
Debtors	6	1,240		0
		1,240		0
Creditors: amounts falling due within one year	7	( 525,721)		( 523,007)
Net current liabilities		(524,481)		(523,007)
Total assets less current liabilities		(141,865)		(29,584)
Net liabilities		( 141,865)		( 29,584)
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		( 141,965 )		( 29,684 )
Total shareholders' deficit		( 141,865)		( 29,584)

For the financial year ending 31 March 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 Hiskins Properties Limited (registered number: 13992138) were approved and authorised for issue by the Board of Directors on 24 December 2025. They were signed on its behalf by:

E N Hiskins 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

Hiskins Properties 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 23 Shakespeare Avenue, Lichfield, WS14 9BE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Hiskins Properties Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The directors have assessed the Balance Sheet and forecasted cash flows covering a period of 12 months from the date of approval of these financial statements. The directors note that the business has net assets of (£141,865). The Company is supported through a mix of loans from the directors and a related party. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Based on this ongoing financial support, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, the directors and related party continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover from rental income is recognised to the extent that it is probable that economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

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.

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 average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. 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 assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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:

Plant and machinery etc.

10 years straight line

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Prior year adjustment

The Company has restated the comparatives for the year ended 31March 2024. The cost of fixtures and fittings were previously understated which has now been corrected, along with the amounts due to the related party for the same amount.
The comparatives have also been restated to reflect the transition from FRS105 to FRS102 Section 1a, there was no impact in refence to the transition other than a change in accounting policies.

		As previously reported		Adjustment		As restated
Year ended 31 March 2024		£		£		£
Fixtures and Fittings		16,463		1,562		18,025
Related party loan account		(241,710)		(1,562)		(243,272)

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	19,854		19,854
Additions	1,737		1,737
At 31 March 2025	21,591		21,591
Accumulated depreciation
At 01 April 2024	1,829		1,829
Charge for the financial year	2,146		2,146
At 31 March 2025	3,975		3,975
Net book value
At 31 March 2025	17,616		17,616
At 31 March 2024	18,025		18,025

5. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	475,398
Fair value movement	(110,398)
As at 31 March 2025	365,000

Valuation

The fair value of the Company’s investment property has been arrived at on the basis of valuations carried out on that date by the directors of the business. In carrying out their review, the directors have made assumptions in relation to rental yields and estimated future achievable rents.

6. Debtors

	2025		2024
	£		£
Other debtors	1,240		0

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to directors	280,073		277,285
Accruals	5,280		2,450
Other creditors	240,368		243,272
	525,721		523,007

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 0.10 each (2024: 100 shares of £ 0 each)	100		100

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed to a director	(124,890)		(125,059)
Amounts owed to a director	(155,183)		(152,226)

Loans from the directors are interest free and repayable on demand.

Other related party transactions

	2025		2024
	£		£
Amounts owed to an entity under common control	(240,368)		(243,272)
Amounts owed by an entity under common control	1,240		0

Loans to/(from) related parties are interest free and repayable on demand.