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Registration number: 10418863

Hassett Holdings Ltd
Unaudited Filleted Financial Statements
for the Period from 30 March 2024 to 28 March 2025

Hassett Holdings Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 12

Hassett Holdings Ltd

Company Information

Director | Mr Jamie Blennerhassett

Registered office | 17 Mann Island Liverpool L3 1BP

Accountants | G W Kelly & Company Chartered Certified Accountants3 Stadium Court Plantation Road Bromborough Merseyside CH62 3QG

Hassett Holdings Ltd

(Registration number: 10418863)
Balance Sheet as at 28 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 86,139 | 2,516
Investments | 5 | 237 | 239
|  | 86,376 | 2,755
Current assets |  |  |
Debtors | 6 | 4,203,266 | 2,670,677
Cash at bank and in hand |  | 10,107 | 68
|  | 4,213,373 | 2,670,745
Creditors: Amounts falling due within one year | 7 | (252,008) | (1,246)
Net current assets |  | 3,961,365 | 2,669,499
Total assets less current liabilities |  | 4,047,741 | 2,672,254
Creditors: Amounts falling due after more than one year | 7 | (4,044,108) | (2,670,591)
Net assets |  | 3,633 | 1,663
Capital and reserves |  |  |
Called up share capital | 8 | 1 | 1
Retained earnings |  | 3,632 | 1,662
Shareholders' funds |  | 3,633 | 1,663

For the financial period ending 28 March 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 members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 March 2026

Hassett Holdings Ltd

(Registration number: 10418863)
Balance Sheet as at 28 March 2025

......................................... Mr Jamie Blennerhassett Director

Hassett Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 30 March 2024 to 28 March 2025

1 | General information

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

The address of its registered office is:
17 Mann Island
Liverpool
L3 1BP

These financial statements were authorised for issue by the director on 19 March 2026.

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.

Group accounts not prepared

Hassett Holdings Ltd has not prepared group accounts as the company qualifies as a small company for the year ended 31.3.23 and the group qualifies as a small group under CA 2006 s399(2A)..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Hassett Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 30 March 2024 to 28 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office Equipment | 33% straight line
Motor Vehicles | 25% straight line
Fixtures & Fittings | 10% straight line

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.

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.
Investments in subsidiaries 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Hassett Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 30 March 2024 to 28 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 4 (2024 - 1).

Hassett Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 30 March 2024 to 28 March 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 30 March 2024 | 2,780 | - | 2,780
Additions | 5,682 | 106,691 | 112,373
At 28 March 2025 | 8,462 | 106,691 | 115,153
Depreciation
At 30 March 2024 | 264 | - | 264
Charge for the period | 2,077 | 26,673 | 28,750
At 28 March 2025 | 2,341 | 26,673 | 29,014
Carrying amount
At 28 March 2025 | 6,121 | 80,018 | 86,139
At 29 March 2024 | 2,516 | - | 2,516

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 187 | 189
Investments in associates | 50 | 50
| 237 | 239

Subsidiaries | £
Cost or valuation
At 30 March 2024 | 189
Disposals | (2)
At 28 March 2025 | 187
Provision
Carrying amount
At 28 March 2025 | 187
At 29 March 2024 | 189

Hassett Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 30 March 2024 to 28 March 2025

Associates | £
Cost
At 30 March 2024 | 50
Provision
Carrying amount
At 28 March 2025 | 50
At 29 March 2024 | 50

Aggregate financial information of associates

| 2025 £ | 2024 £

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
HH Aughton Ltd | 17 Mann Island Liverpool L3 1BP England | A Ordinary Shares | 100% | 60%
HH Eccleston Ltd | 17 Mann Island Liverpool L3 1BP England | A Ordinary | 100% | 60%
HH West Derby Ltd | 17 Mann Island Liverpool L3 1BP England | Ordinary | 100% | 100%

Hassett Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 30 March 2024 to 28 March 2025

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
Hassett Homes Ltd | 17 Mann Island Liverpool L3 1BP England | Ordinary | 100% | 65%
HH Heswall Ltd | 17 Mann Island Liverpool L3 1BP England | Ordinary | 100% | 100%
Associates
HH (AG) Ltd | 17 Mann Island Liverpool L3 1BP | Ordinary | 50% | 50%
| England |  |  |

Subsidiary undertakings
HH Aughton Ltd The principal activity of HH Aughton Ltd is building.
HH Eccleston Ltd The principal activity of HH Eccleston Ltd is building.
HH West Derby Ltd The principal activity of HH West Derby Ltd is building.
Hassett Homes Ltd The principal activity of Hassett Homes Ltd is building.
HH Heswall Ltd The principal activity of HH Heswall Ltd is building.

Associates
HH (AG) Ltd The principal activity of HH (AG) Ltd is building.

Hassett Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 30 March 2024 to 28 March 2025

6 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 20,074 | 20,074
Amounts owed by related parties | 10 | 527,250 | 247,187
Other debtors |  | 3,655,942 | 2,403,416
|  | 4,203,266 | 2,670,677

Hassett Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 30 March 2024 to 28 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 188,197 | -
Taxation and social security | 9,826 | 463
Other creditors | 53,985 | 783
| 252,008 | 1,246

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 46,320 | 50,000
Other financial liabilities |  | 3,997,788 | 2,620,591
|  | 4,044,108 | 2,670,591

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 1 | 1 | 1 | 1

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 50,000 | 50,000
Other borrowings | (3,680) | -
| 46,320 | 50,000

10 | Related party transactions

Hassett Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 30 March 2024 to 28 March 2025

Director's remuneration

The director's remuneration for the period was as follows:

| 2025 £ | 2024 £
Remuneration | 6,285 | -