REGISTERED NUMBER: 10178688 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

HURON PROPERTY INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S B Best

Mrs J A Best

REGISTERED OFFICE:

Whelco Place

Enfield Industrial Estate

Enfield Street

Wigan

Lancashire

WN5 8DB

REGISTERED NUMBER:

10178688 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Investment property

4

4,102,528

4,086,183

CURRENT ASSETS

Debtors

5

9,282,861

10,303,375

Cash at bank

83,201

157,560

9,366,062

10,460,935

CREDITORS

Amounts falling due within one year

6

10,972,419

11,964,505

NET CURRENT LIABILITIES

(1,606,357

)

(1,503,570

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,496,171

2,582,613

CAPITAL AND RESERVES

Called up share capital

7

102

102

Retained earnings

2,496,069

2,582,511

SHAREHOLDERS' FUNDS

2,496,171

2,582,613

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 January 2026 and were signed on its behalf by:

Mr S B Best - Director

1.	STATUTORY INFORMATION

Huron Property Investments 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.

Turnover

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

The company recognises rental income on a straight line basis over the lease term.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

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.

Financial instruments

Short term financial assets, including trade and other debtors and cash and bank balances, are measured at the transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including trade and other creditors, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

4,086,183

Additions

16,345

At 31 May 2025

4,102,528

NET BOOK VALUE

At 31 May 2025

4,102,528

At 31 May 2024

4,086,183

As at 31 May 2025 the directors consider the fair value of the freehold investment property to not be materially different to that as stated in the balance sheet.

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

78,058

102,933

Amounts owed by participating interests

8,118,260

8,118,260

Deferred tax asset

86,192

62,265

Prepayments and accrued income

351

2,484

8,282,861

8,285,942

Amounts falling due after more than one year:

Other debtors (secured)

1,000,000

2,017,433

Aggregate amounts

9,282,861

10,303,375

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

2,090,468

2,466,642

Trade creditors

30,802

40,523

Amounts owed to participating interests

7,680,520

7,300,000

Tax

(99,582

)

183,577

Social security and other taxes

51,866

51,230

Other creditors

138,750

138,750

Directors' current accounts

946,250

1,653,428

Accruals and deferred income

133,345

130,355

10,972,419

11,964,505

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

102

Ordinary

1.00

102

102

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of 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 subsidiaries within the group.

Transactions with participating interests

At the year end a total of £8,118,260 (2024: £8,118,260) is owed from certain participating interests and a total of £7,680,520 (2024: £7,300,000) is owed to participating interests.

Loan transactions

At the year end there is a loan balance owing to a certain director of £946,250 (2024: £1,653,428).

At the year end there are loan balances owing to a director's family members of £2,090,468 (2024: £2,466,642) these are included within other loans.