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Registered number: 01928924 HAUSMAN HUGHES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
HAUSMAN HUGHES LIMITED REGISTERED NUMBER: 01928924 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 5 |  | 10,785,000 |  | 10,785,000
|  |  | 10,785,000 |  | 10,785,000
Current assets |  |  |  |  |
Stocks |  | 1,168,511 |  | 3,295,683 |
Debtors: amounts falling due within one year | 6 | 3,117 |  | 2,348 |
Cash at bank and in hand |  | 109,927 |  | 153,712 |
|  | 1,281,555 |  | 3,451,743 |
Creditors: amounts falling due within one year | 7 | (860,732) |  | (506,717) |
Net current assets |  |  | 420,823 |  | 2,945,026
Total assets less current liabilities |  |  | 11,205,823 |  | 13,730,026
Creditors: amounts falling due after more than one year | 8 |  | (2,398,072) |  | (5,698,048)
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 | (1,863,939) |  | (1,863,756) |
|  |  | (1,863,939) |  | (1,863,756)
Net assets |  |  | 6,943,812 |  | 6,168,222
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Other reserve | 10 |  | 5,594,525 |  | 5,594,525
Profit and loss account | 10 |  | 1,349,187 |  | 573,597
|  |  | 6,943,812 |  | 6,168,222
Page 1
HAUSMAN HUGHES LIMITED REGISTERED NUMBER: 01928924 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 March 2026.
R L Hughes
Director
The notes on pages 3 to 9 form part of these financial statements. Page 2
HAUSMAN HUGHES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Hausman Hughres Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 30 Orange Street, London, WC2H 7HF. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised 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. The following criteria must also be met before revenue is recognised: Sale of Properties Revenue from the sale of properties is recognised when all of the following conditions are satisfied: • the Company has transferred the significant risks and rewards of ownership to the buyer; • the amount of revenue can be measured reliably; • it is probable that the Company will receive the monies due under the transaction; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Receipt of rent or other income from property Revenue from the letting of property and related receipts is recognised in the period for which the rent covers when the following conditions are satisfied: • the amount of revenue can be measured reliably; • it is probable that the Company will receive the amounts due under the agreement.
| 2.3 | Interest income
Interest income is recognised in the Statement of comprehensive income as received.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 3
HAUSMAN HUGHES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.6 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant and equipment | - | 25% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 4
HAUSMAN HUGHES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Investment property
Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.8 | Stock and work in progress
Stocks and work in progress of properties to develop are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase and development cost incurred thereafter. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.9 | Debtors
Short term debtors are measured at transaction price, less any impairment.
| 2.10 | Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.11 | Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured at amounts owed to the banks.
| 2.12 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.13 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
Page 5
HAUSMAN HUGHES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Fixtures & fittings
|  | £
| Cost or valuation |
| At 1 April 2024 | 12,001
| At 31 March 2025 | 12,001
| Depreciation |
| At 1 April 2024 | 12,001
| At 31 March 2025 | 12,001
| Net book value |
| At 31 March 2025 | -
| At 31 March 2024 | -
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 10,785,000
| At 31 March 2025 | 10,785,000
The investment property valuations were made by the director, on an open market value for existing use basis.
Page 6
HAUSMAN HUGHES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 3,117 | 2,348
|  | 3,117 | 2,348
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 347,538 | 420,648
| Trade creditors | 29,801 | 32,568
| Corporation tax | 277,313 | 18,300
| Other taxation and social security | 1,607 | 1,607
| Other creditors | 201,473 | 30,594
| Accruals and deferred income | 3,000 | 3,000
|  | 860,732 | 506,717
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 2,000,000 | 5,303,469
| Other loans | 398,072 | 394,579
|  | 2,398,072 | 5,698,048
| Secured Loans The company's principal lender is Svenska Handelsbanken AB. Details of the terms of their loans are as follows: Svenska Handelsbanken AB has a legal charge over 143 Chatham Road, 56 Webbs Road, 1-10 The Greenway Building at 3 Clarence Lane. Interest is charged at normal commercial rates being 2.33% pa over the Bank of England base rate. The company received a government Bounce Back loan of £50,000 repayable by instalments with £13,954 repayable within 1 year.
Page 7
HAUSMAN HUGHES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (1,863,756)
| Charged to profit or loss | (183)
| At end of year | (1,863,939)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Investment property revaluation | (1,863,940) | (1,863,756)
|  | (1,863,940) | (1,863,756)
| The UK main rate of corporation tax increased to 25% from 19% on 1.4.2023.
Page 8
HAUSMAN HUGHES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. | Reserves
Other reserve This represents the revaluation of investment properties net of deferred tax provision. Profit & loss account The balance in the profit and loss account represents distributable reserves
Page 9