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Registered number: 11724011 HANDWISE LTD Unaudited Financial statements Information for filing with the registrar For the Period Ended 31 August 2025
HANDWISE LTD Report to the directors on the preparation of the unaudited statutory financial statements of HANDWISE LTD for the Period Ended 31 August 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HANDWISE LTD for the period ended 31 August 2025 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html. This report is made solely to the Board of directors of HANDWISE LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of HANDWISE LTD and state those matters that we have agreed to state to the Board of directors of HANDWISE LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HANDWISE LTD and its Board of directors, as a body, for our work or for this report. It is your duty to ensure that HANDWISE LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HANDWISE LTD. You consider that HANDWISE LTD is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or review of the financial statements of HANDWISE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Accshire Accountancy LLP 13 January 2026 Page 1
HANDWISE LTD Registered number: 11724011 Balance sheet As at 31 August 2025
|  | 31 August |  | 31 May
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property |  |  | 5,379,676 |  | 5,379,676
|  |  | 5,379,676 |  | 5,379,676
Current assets |  |  |  |  |
Debtors: amounts falling due within one year |  | 600,449 |  | 689,002 |
Cash at bank and in hand |  | 13,959 |  | 1,102 |
|  | 614,408 |  | 690,104 |
Creditors: amounts falling due within one year |  | (1,233,398) |  | (1,332,813) |
Net current liabilities |  |  | (618,990) |  | (642,709)
Total assets less current liabilities |  |  | 4,760,686 |  | 4,736,967
Creditors: amounts falling due after more than one year |  |  | (4,590,641) |  | (4,603,140)
Net assets |  |  | 170,045 |  | 133,827
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 4 |  | 4
Profit and loss account |  |  | 170,041 |  | 133,823
|  |  | 170,045 |  | 133,827
Page 2
HANDWISE LTD Registered number: 11724011 Balance sheet (continued) As at 31 August 2025 The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006. 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. The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 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 profit and loss account 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 by:
Benny Hoffman
Director
Date: 13 January 2026
The notes on pages 4 to 7 form part of these financial statements. Page 3
HANDWISE LTD Notes to the financial statements For the Period Ended 31 August 2025
1. | General information
Handwise Ltd is a company incorporated in England and Wales under the Companies Act. The principal activity of the company is that of property investment. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue represents gross rental income from the letting of property and 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.
| 2.3 | Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
| 2.4 | Investment property
Investment property is carried at fair value determined annually by external valuers 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.
| 2.5 | Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Page 4
HANDWISE LTD Notes to the financial statements For the Period Ended 31 August 2025 2.Accounting policies (continued)
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income, except that a charge attributable to an item of income or 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 reporting date. Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except: 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; Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
| 2.7 | Reserves
The company's reserves are as follows: • Called up share capital represents the nominal value of the shares issued • Profit and Loss Account represents cummulative profits or losses, net of dividends and other adjustments.
3. | Employees
| Staff costs were as follows:
| The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL)
Page 5
HANDWISE LTD Notes to the financial statements For the Period Ended 31 August 2025
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 June 2024 | 5,379,676
| At 31 August 2025 | 5,379,676
The 2025 valuations were made by the directors, on an open market value basis.
5. | Debtors
|  |  |  |  | 31 August | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 600,445 | 688,998
| Prepayments and accrued income | 4 | 4
|  | 600,449 | 689,002
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 31 August | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 9,507 | 9,507
| Payments received on account | - | 10,412
| Amounts owed to group undertakings | 116,671 | 106,573
| Corporation tax | - | 2,209
| Other creditors | 1,105,180 | 1,196,712
| Accruals and deferred income | 2,040 | 7,400
|  | 1,233,398 | 1,332,813
| Details of security provided: Some of the bank loans are secured on the company's investment property.
Page 6
HANDWISE LTD Notes to the financial statements For the Period Ended 31 August 2025
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 31 August | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 4,590,641 | 4,603,140
|  | 4,590,641 | 4,603,140
8. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 31 August | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 9,507 | 9,507
|  | 9,507 | 9,507
| Amounts falling due 1-2 years |  |
| Bank loans | 4,660 | 9,747
|  | 4,660 | 9,747
| Amounts falling due after more than 5 years |  |
| Bank loans | 4,585,980 | 4,593,393
|  | 4,585,980 | 4,593,393
|  | 4,600,147 | 4,612,647
Page 7