HPWR Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12198596

HPWR Ltd

Unaudited financial statements

31 December 2025

HPWR Ltd

Statement of financial position

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	17,625	22,125
Tangible assets	6	589,976	587,178
		---------	---------
		607,601	609,303

Current assets

Stocks		172,563	133,676
Debtors	7	2,775	2,225
Cash at bank and in hand		13,253	5,551
		---------	---------
		188,591	141,452

Creditors: Amounts falling due within one year	8	( 211,504)		( 187,341)
		---------		---------
Net current liabilities			( 22,913)		( 45,889)
			---------		---------
Total assets less current liabilities			584,688		563,414

Creditors: Amounts falling due after more than one year	9		( 544,927)		( 552,881)

Provisions

Taxation including deferred tax	( 18,919)	( 15,643)
	---------	---------
Net assets/(liabilities)	20,842	( 5,110)
	---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	20,840	( 5,112)
	-------	------
Shareholders funds/(deficit)	20,842	( 5,110)
	-------	------

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 income statement 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.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HPWR Ltd

Statement of financial position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 17 April 2026 , and are signed on behalf of the board by:

H Rawlins
Director

Company registration number: 12198596

HPWR 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 Lound Plant Centre, Jay Lane, Lound, Lowestoft, Suffolk, NR32 5LH, England.

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

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

Based upon the continuing support of the director of the company, the financial statements have been prepared on the going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	over 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	over 40 years
Fixtures & fittings	-	over 20 years
Office Equipment	-	over 3 years
Equipment	-	over 5 years

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 14 (2024: 15 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2025 and 31 December 2025	45,000
	-------
Amortisation
At 1 January 2025	22,875
Charge for the year	4,500
	-------
At 31 December 2025	27,375
	-------
Carrying amount
At 31 December 2025	17,625
	-------
At 31 December 2024	22,125
	-------

6. Tangible assets

	Freehold property	Fixtures & Fittings	Office equipment	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2025	577,805	100,000	748	48,402	726,955
Additions	–	–	–	36,900	36,900
	---------	---------	----	-------	---------
At 31 December 2025	577,805	100,000	748	85,302	763,855
	---------	---------	----	-------	---------
Depreciation
At 1 January 2025	72,955	25,417	748	40,657	139,777
Charge for the year	14,445	5,000	–	14,657	34,102
	---------	---------	----	-------	---------
At 31 December 2025	87,400	30,417	748	55,314	173,879
	---------	---------	----	-------	---------
Carrying amount
At 31 December 2025	490,405	69,583	–	29,988	589,976
	---------	---------	----	-------	---------
At 31 December 2024	504,850	74,583	–	7,745	587,178
	---------	---------	----	-------	---------

Included within Equipment additions is an asset held on a hire purchase agreement. At the year end this asset had a net book value of £23,600.

7. Debtors

	2025	2024
	£	£
Trade debtors	1,932	1,964
Other debtors	843	261
	------	------
	2,775	2,225
	------	------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	28,312	22,635
Trade creditors	125,983	74,625
Social security and other taxes	13,535	25,768
Credit Cards	4,941	–
Other creditors	38,733	64,313
	---------	---------
	211,504	187,341
	---------	---------

The bank loan is secured by a fixed charge and floating charge over the land and property of the company. Liabilities in respect of of assets held under hire purchase agreements are secured by a charge upon the asset to which they relate.

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	527,000	552,881
Other creditors	17,927	–
	---------	---------
	544,927	552,881
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £444,759 (2024: £479,945) in respect of liabilities payable or repayable by installments which fall due for payment after more than five years from the reporting date.

The bank loan is secured by a fixed and floating charge over the land and property of the company.

Liabilities in respect of of assets held under hire purchase agreements are secured by a charge upon the asset to which they relate.