Company Registration No. 10313412 (England and Wales)
HUGHES BROS PROPERTIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
HUGHES BROS PROPERTIES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
HUGHES BROS PROPERTIES LTD
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
1,505,000
1,505,000
Current assets
Debtors
4
4,730
18,138
Cash at bank and in hand
41,308
34,472
46,038
52,610
Creditors: amounts falling due within one year
5
(75,361)
(47,300)
Net current (liabilities)/assets
(29,323)
5,310
Total assets less current liabilities
1,475,677
1,510,310
Creditors: amounts falling due after more than one year
6
(573,023)
(573,448)
Provisions for liabilities
7
(32,378)
(32,378)
Net assets
870,276
904,484
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
870,176
904,384
Total equity
870,276
904,484
HUGHES BROS PROPERTIES LTD
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 April 2026 and are signed on its behalf by:
Mrs S L Owens
Director
Company registration number 10313412 (England and Wales)
HUGHES BROS PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Hughes Bros Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Round House, Glan-y-Mor Road, Llandudno Junction, Conwy, LL31 9SN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Rental income from commercial properties is accounted for in accordance with the provisions of FRS 102, specifically Section 20 – Leases and Section 23 – Revenue.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HUGHES BROS PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.6
Leases

Lease payments under operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025
1,505,000

Investment property comprises of 5 properties. The fair value of the investment property was arrived at on the basis of a valuation carried out on 27 October 2023 by a chartered surveyor, who is not connected with the company. The directors have assessed the fair value of the investment properties as at the year ended 31 December 2025 and have determined that it remains unchanged from the prior year. This conclusion is based on a review of relevant market data, economic conditions, and other key valuation inputs, which indicate no significant changes affecting the fair value.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
4,730
4,730
Other debtors
-
0
13,408
4,730
18,138
HUGHES BROS PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
204
144
Taxation and social security
2,292
25,856
Other creditors
72,865
21,300
75,361
47,300
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
573,023
573,448
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
32,378
32,378
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Retained Earnings

Retained earnings as at 31 December 2025 of £870,176 (2024 - £904,384) are made up of distributable reserves of £773,041 (2024 - £807,249) and non distributable reserves £97,135 (2024 - £97,135). The non distributable reserves are a result of the gains arising on the revaluation of Investment properties and the associated deferred tax charges.

10
Parent company

Hughes Bros Properties Limited is a wholly owned subsidiary of Hughes Bros Holdings Ltd. Their registered office is the same as this company.

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