Silverfin false false 31/05/2025 07/05/2024 31/05/2025 Judith Minaei 14/04/2025 07/05/2024 Dr Arash Craig Namvar 13/04/2025 05 February 2026 The principal activity of the Company during the financial period was the letting and operation of its own leased building. 15706068 2025-05-31 15706068 bus:Director1 2025-05-31 15706068 bus:Director2 2025-05-31 15706068 core:CurrentFinancialInstruments 2025-05-31 15706068 core:Non-currentFinancialInstruments 2025-05-31 15706068 core:ShareCapital 2025-05-31 15706068 core:RetainedEarningsAccumulatedLosses 2025-05-31 15706068 2024-05-06 15706068 core:CurrentFinancialInstruments core:Secured 2025-05-31 15706068 core:MoreThanFiveYears 2025-05-31 15706068 bus:OrdinaryShareClass1 2025-05-31 15706068 2024-05-07 2025-05-31 15706068 bus:FilletedAccounts 2024-05-07 2025-05-31 15706068 bus:SmallEntities 2024-05-07 2025-05-31 15706068 bus:AuditExemptWithAccountantsReport 2024-05-07 2025-05-31 15706068 bus:PrivateLimitedCompanyLtd 2024-05-07 2025-05-31 15706068 bus:Director1 2024-05-07 2025-05-31 15706068 bus:Director2 2024-05-07 2025-05-31 15706068 core:CurrentFinancialInstruments 2024-05-07 2025-05-31 15706068 core:Non-currentFinancialInstruments 2024-05-07 2025-05-31 15706068 core:MoreThanFiveYears 2024-05-07 2025-05-31 15706068 bus:OrdinaryShareClass1 2024-05-07 2025-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15706068 (England and Wales)

# HASTINGS AND ROTHER HEALTHCARE 2 LTD

### Unaudited Financial Statements
For the financial period from 07 May 2024 to 31 May 2025
Pages for filing with the registrar

HASTINGS AND ROTHER HEALTHCARE 2 LTD

## Unaudited Financial Statements

For the financial period from 07 May 2024 to 31 May 2025

Contents

HASTINGS AND ROTHER HEALTHCARE 2 LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 May 2025
HASTINGS AND ROTHER HEALTHCARE 2 LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2025

| Note | 31.05.2025
|  | £
Fixed assets |  |
Investment property | 3 | 1,975,000
|  | 1,975,000
Current assets |  |
Debtors | 4 | 1
Cash at bank and in hand |  | 13,102
|  | 13,103
Creditors: amounts falling due within one year | 5 | ( 303,440)
Net current liabilities |  | (290,337)
Total assets less current liabilities |  | 1,684,663
Creditors: amounts falling due after more than one year | 6 | ( 930,146)
Provision for liabilities |  | ( 189,428)
Net assets |  | 565,089
Capital and reserves |  |
Called-up share capital | 7 | 1
Profit and loss account |  | 565,088
Total shareholder's funds |  | 565,089

For the financial period ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Hastings and Rother Healthcare 2 Ltd (registered number: 15706068) were approved and authorised for issue by the Director on 05 February 2026. They were signed on its behalf by:

Dr Arash Craig Namvar Director |

HASTINGS AND ROTHER HEALTHCARE 2 LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 07 May 2024 to 31 May 2025
HASTINGS AND ROTHER HEALTHCARE 2 LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 07 May 2024 to 31 May 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

##### General information and basis of accounting

Hastings and Rother Healthcare 2 Ltd (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 33 Truman Drive, St. Leonards-On-Sea, TN37 7TH, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Reporting period length

The Company’s reporting period commenced on its incorporation date, 7 May 2024. As a result, these financial statements cover a period marginally exceeding twelve months.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### 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 Statement of Financial Position 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 current 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.

##### Leases

The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

##### 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 external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### 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.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| Period from 07.05.2024 to 31.05.2025
| Number
Monthly average number of persons employed by the Company during the period, including the director | 1

#### 3. Investment property

| Investment property
| £
Valuation |
As at 07 May 2024 | 0
Additions | 1,164,825
Fair value movement | 810,175
As at 31 May 2025 | 1,975,000

A full market valuation of the investment property was undertaken by Copping Joyce Surveyors on 11 February 2025. The valuation was carried out in accordance with the RICS Valuation – Global Standards and was based on a visual, non‑invasive inspection of all accessible areas, together with an assessment of relevant market evidence and professional assumptions.
The valuer applied the Comparable Method, analysing recent market transactions for similar commercial and healthcare properties, and made adjustments for the property’s size, specification, location, condition and marketability. The valuation also relied on assumptions regarding planning compliance, building condition, and the absence of structural or environmental defects, as no structural or intrusive investigations were undertaken.

#### 4. Debtors

| 31.05.2025
| £
Amounts owed by Parent undertakings | 1

#### 5. Creditors: amounts falling due within one year

| 31.05.2025
| £
Bank loans (secured) | 20,047
Amounts owed to director | 171,478
Accruals and deferred income | 26,915
Other creditors | 85,000
| 303,440

The loan is secured by a fixed charge over the leasehold property known as Blocks A, B and C, The Ice House, Rock A Nore Road, Hastings, together with a fixed charge over the Company’s plant, machinery, equipment, intellectual property, goodwill, investments and bank account balances. The loan is further secured by a first floating charge over all the remaining assets, undertakings and revenues of the Company in favour of LHV Bank Limited.

#### 6. Creditors: amounts falling due after more than one year

| 31.05.2025
| £
Bank loans (secured) | 930,146

The loan is secured by a fixed charge over the leasehold property known as Blocks A, B and C, The Ice House, Rock A Nore Road, Hastings, together with a fixed charge over the Company’s plant, machinery, equipment, intellectual property, goodwill, investments and bank account balances. The loan is further secured by a first floating charge over all the remaining assets, undertakings and revenues of the Company in favour of LHV Bank Limited.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

| 31.05.2025
| £
Bank loans (secured) | 178,009

The loan is secured by a fixed charge over the leasehold property known as Blocks A, B and C, The Ice House, Rock A Nore Road, Hastings, together with a fixed charge over the Company’s plant, machinery, equipment, intellectual property, goodwill, investments and bank account balances. The loan is further secured by a first floating charge over all the remaining assets, undertakings and revenues of the Company in favour of LHV Bank Limited.

#### 7. Called-up share capital

| 31.05.2025
| £
Allotted, called-up and fully-paid |
1 Ordinary share of £ 1.00 | 1

#### 8. Related party transactions

Transactions with owners holding a participating interest in the entity

As the Company is a wholly owned subsidiary of Hastings and Rother Healthcare Limited, the company has taken advantage of the exemption contained in s. 1AC.35 of FRS102, and not disclosed transactions or balances with the Parent that wholly owned the Company, which forms part of the group.

Transactions with the entity's director

| 31.05.2025
| £
Amounts owed to the director | 171,478

Interest is charged at HMRC approved rates when overdrawn and there are no set repayment terms.