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Registration number: 05840268

HBS Holdings Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

HBS Holdings Limited

Contents

Balance Sheet | 1 to 2
Notes to the Financial Statements | 3 to 7

HBS Holdings Limited

(Registration number: 05840268)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 4,657,688 | 4,488,056
Investments | 5 | 900 | 900
|  | 4,658,588 | 4,488,956
Current assets |  |  |
Debtors | 6 | 819,197 | 785,257
Cash at bank and in hand |  | 79,326 | 50,020
|  | 898,523 | 835,277
Creditors: Amounts falling due within one year | 7 | (133,090) | (55,305)
Net current assets |  | 765,433 | 779,972
Total assets less current liabilities |  | 5,424,021 | 5,268,928
Provisions for liabilities |  | (98,290) | (98,290)
Net assets |  | 5,325,731 | 5,170,638
Capital and reserves |  |  |
Called up share capital |  | 902 | 902
Revaluation reserve |  | 689,993 | 689,993
Retained earnings |  | 4,634,836 | 4,479,743
Shareholders' funds |  | 5,325,731 | 5,170,638

HBS Holdings Limited

(Registration number: 05840268)
Balance Sheet as at 30 April 2025

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 January 2026 and signed on its behalf by:

......................................... F Phipps Company secretary and director

HBS Holdings Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of properties. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

HBS Holdings Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

HBS Holdings Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

4 | Investment properties

| 2025 £
At 1 May | 4,488,056
Additions | 169,632
At 30 April | 4,657,688

The investment property class of assets was valued on 30 April 2025 by the directors. This class of assets has a historical cost of £3,849,758 (2024: £3,680,126).

There has been no valuation of investment property by an independent valuer.

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 900 | 900

Subsidiaries | £
Cost or valuation
At 1 May 2024 | 900
Provision
Carrying amount
At 30 April 2025 | 900
At 30 April 2024 | 900

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Headley Bodyshop Limited | 2 Old Bath Road, Newbury, Berkshire, RG14 1QL | Ordinary | 100% | 100%

HBS Holdings Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

Subsidiary undertakings
Headley Bodyshop Limited The principal activity of Headley Bodyshop Limited is the repair and painting of motor vehicles.

6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 15,118 | 8,420
Amounts owed by group undertakings | 8 | 753,213 | 627,896
Prepayments |  | 12,020 | 6,181
Other debtors |  | 38,846 | 142,760
|  | 819,197 | 785,257

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 5,355 | 1,703
Taxation and social security | 70,816 | 48,272
Other creditors | 56,919 | 5,330
| 133,090 | 55,305

HBS Holdings Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

8 | Related party transactions

Transactions with directors

2025 | At 1 May 2024 £ | Advances to director £ | Repayments by director £ | At 30 April 2025 £
F Phipps
Directors loan account | 115,102 | 62,687 | (194,255) | (16,466)
I C Simonowski
Directors loan account | (133) | 147,497 | (182,570) | (35,206)

2024 | At 1 May 2023 £ | Advances to director £ | Repayments by director £ | At 30 April 2024 £
F Phipps
Directors loan account | 81,945 | 76,059 | (42,902) | 115,102
I C Simonowski
Directors loan account | (31) | 43,968 | (44,070) | (133)

Income and receivables from related parties

2025 | Subsidiary £
Amounts receivable from related party | 753,213

2024 | Subsidiary £
Amounts receivable from related party | 627,896