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REGISTERED NUMBER: 06194296 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Honeyfield Property Services Ltd

Honeyfield Property Services Ltd (Registered number: 06194296)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

Honeyfield Property Services Ltd (Registered number: 06194296)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 645,644 |  | 528,266 |  |

CURRENT ASSETS

Debtors | 5 | 1,515,679 |  | 1,220,585 |  |

Cash at bank and in hand | 172,647 |  | 228,152 |  |

1,688,326 |  | 1,448,737 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,235,632 |  | 931,142 |  |

NET CURRENT ASSETS | 452,694 |  | 517,595 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,098,338 |  | 1,045,861 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (462,277 | ) | (336,031 | ) |

PROVISIONS FOR LIABILITIES | 8 | (113,379 | ) | (89,659 | ) |

NET ASSETS | 522,682 |  | 620,171 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 522,582 |  | 620,071 |  |

522,682 |  | 620,171 |  |

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 director acknowledges his 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.

Honeyfield Property Services Ltd (Registered number: 06194296)

Balance Sheet - continued

31 March 2025

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 director and authorised for issue on 20 January 2026 and were signed by:

J J Patch - Director

Honeyfield Property Services Ltd (Registered number: 06194296)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Honeyfield Property Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 06194296

| Registered office: | Unit 9-10 Honeyfield Business Park

| Hartcliffe Way

| Bedminster

| Bristol

| BS3 5RN

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

| Revenue is recognized to the extent that it is probable that the 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, value added tax and other sales taxes. The following criteria must also be met before revenue is recognized:

| Rendering of services:

| Revenue from a contract to provide services is recognized in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - the amount of revenue can be measured reliably;

| - it is probable that the Company will receive the consideration due under the contract;

| - the stage of completion of the contract at the end of the reporting period can be measured reliably; and

| - the costs incurred and the costs to complete the contract can be measured reliably.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Leasehold improvements | - | 10% on cost

| Office equipment | - | 33% on cost

| Tools and equipment | - | 50% on cost

| Fixtures and fittings | - | 20% on cost

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 50% on cost and 20% on cost

Honeyfield Property Services Ltd (Registered number: 06194296)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 52 (2024 - 51 ) .

Honeyfield Property Services Ltd (Registered number: 06194296)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Leasehold |  | Office |  | Tools and

| improvements |  | equipment |  | equipment

£ | £ | £ |

| COST

| At 1 April 2024 | 47,547 |  | 19,716 |  | 102,707 |  |

| Additions | 10,843 |  | 528 |  | 15,346 |  |

| Disposals | - |  | - |  | - |  |

| At 31 March 2025 | 58,390 |  | 20,244 |  | 118,053 |  |

| DEPRECIATION

| At 1 April 2024 | 33,283 |  | 19,716 |  | 90,660 |  |

| Charge for year | 5,839 |  | 175 |  | 11,921 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 March 2025 | 39,122 |  | 19,891 |  | 102,581 |  |

| NET BOOK VALUE

| At 31 March 2025 | 19,268 |  | 353 |  | 15,472 |  |

| At 31 March 2024 | 14,264 |  | - |  | 12,047 |  |

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 21,119 |  | 730,920 |  | 113,025 |  | 1,035,034 |  |

| Additions | 3,184 |  | 325,364 |  | 2,459 |  | 357,724 |  |

| Disposals | - |  | (27,903 | ) | - |  | (27,903 | ) |

| At 31 March 2025 | 24,303 |  | 1,028,381 |  | 115,484 |  | 1,364,855 |  |

| DEPRECIATION

| At 1 April 2024 | 19,368 |  | 232,832 |  | 110,909 |  | 506,768 |  |

| Charge for year | 1,380 |  | 201,938 |  | 3,397 |  | 224,650 |  |

| Eliminated on disposal | - |  | (12,207 | ) | - |  | (12,207 | ) |

| At 31 March 2025 | 20,748 |  | 422,563 |  | 114,306 |  | 719,211 |  |

| NET BOOK VALUE

| At 31 March 2025 | 3,555 |  | 605,818 |  | 1,178 |  | 645,644 |  |

| At 31 March 2024 | 1,751 |  | 498,088 |  | 2,116 |  | 528,266 |  |

Honeyfield Property Services Ltd (Registered number: 06194296)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 1,475,007 |  | 1,191,492 |  |

| Amounts owed by associates | - |  | 1,000 |  |

| Other debtors | 5,618 |  | 6,868 |  |

| Prepayments and accrued income | 35,054 |  | 21,225 |  |

1,515,679 |  | 1,220,585 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts | 163,387 |  | 95,482 |  |

| Trade creditors | 748,770 |  | 537,544 |  |

| Amounts owed to associates | 37,563 |  | 48,885 |  |

| Corporation tax | 14,968 |  | 9,263 |  |

| Social security and other taxes | 50,292 |  | 35,360 |  |

| VAT | 162,526 |  | 156,497 |  |

| Other creditors | 29,525 |  | 24,669 |  |

| Directors' current accounts | 939 |  | 593 |  |

| Accruals and deferred income | 27,662 |  | 22,849 |  |

1,235,632 |  | 931,142 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts | 462,277 |  | 336,031 |  |

8. | PROVISIONS FOR LIABILITIES

| 31.3.25 |  | 31.3.24

£ | £ |

| Deferred tax | 113,379 |  | 89,659 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 89,659 |  |

| Provided during year | 23,720 |  |

| Balance at 31 March 2025 | 113,379 |  |

9. | OTHER FINANCIAL COMMITMENTS

| Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £94,702 (2024: £156,490).