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COMPANY REGISTRATION NUMBER: 14597631

HH Squared 2023 Ltd

Filleted Unaudited Financial Statements

31 December 2025

HH Squared 2023 Ltd

Statement of Financial Position

31 December 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Investments | 5 |  | 4,990,535 | 4,990,535

Creditors: amounts falling due within one year | 6 | 3,670,492 |  | 3,327,777
| ---------- |  | ----------
Net current liabilities |  | 3,670,492 | 3,327,777
|  | ---------- | ----------
Total assets less current liabilities |  | 1,320,043 | 1,662,758

Creditors: amounts falling due after more than one year | 7 |  | 588,000 | 1,176,000
|  | ---------- | ----------
Net assets |  | 732,043 | 486,758
|  | ---------- | ----------

Capital and reserves

Called up share capital |  | 100 | 100
Profit and loss account |  | 731,943 | 486,658
|  | -------- | --------
Shareholders funds |  | 732,043 | 486,758
|  | -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 March 2026 , and are signed on behalf of the board by:

Mr O Holden | Mr J Holmes
Director | Director

Company registration number: 14597631

HH Squared 2023 Ltd

Notes to the Financial Statements

Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5-11 Mortimer Street, London, W1T 3HS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
The turnover in the profit and loss account represents management charges to the company's subsidiaries for the period.
(c) Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(d) Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
(e) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
(f) Financial instruments
Financial liabilites 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 entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Investments

| Shares in group undertakings
| £
Cost |
At 1 January 2025 and 31 December 2025 | 4,990,535
| ----------
Impairment |
At 1 January 2025 and 31 December 2025 | –
| ----------

Carrying amount |
At 31 December 2025 | 4,990,535
| ----------
At 31 December 2024 | 4,990,535
| ----------

Shares in group undertakings represent a 70 per cent interest in Tuplin 2010 Limited. In the opinion of the directors, the value of the investments are in excess of their book value.
6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Amounts owed to group undertakings | 2,987,254 | 2,634,954
Social security and other taxes | 81,699 | 87,272
Other creditors | 601,539 | 605,551
| ---------- | ----------
| 3,670,492 | 3,327,777
| ---------- | ----------

7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Other creditors | 588,000 | 1,176,000
| -------- | ----------