REGISTERED NUMBER: 03621167 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

HEALTHSTREAM PROPERTIES LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr A Gubay

Dr R Razavi

B R Razavi

Miss E R Razavi

SECRETARY:

Dr A Gubay

REGISTERED OFFICE:

13 Trinity Square

Llandudno

North Wales

LL30 2RB

REGISTERED NUMBER:

03621167 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

Glaslyn

Ffordd y Parc

Parc Menai

Bangor

Gwynedd

LL57 4FE

FIXED ASSETS

Tangible assets

4

407

452

Investment property

5

3,378,126

3,378,126

3,378,533

3,378,578

CURRENT ASSETS

Debtors

6

13,245

14,300

Cash at bank

37,953

31,047

51,198

45,347

CREDITORS

Amounts falling due within one year

7

32,230

39,538

NET CURRENT ASSETS

18,968

5,809

TOTAL ASSETS LESS CURRENT LIABILITIES

3,397,501

3,384,387

CREDITORS

Amounts falling due after more than one year

8

(1,643,888

)

(1,663,576

)

PROVISIONS FOR LIABILITIES

(94,202

)

(94,202

)

NET ASSETS

1,659,411

1,626,609

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

10

712,744

712,744

Retained earnings

946,665

913,863

SHAREHOLDERS' FUNDS

1,659,411

1,626,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

Dr A Gubay - Director

1.	STATUTORY INFORMATION

Healthstream Properties Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

24,550

DEPRECIATION

At 1 September 2024

24,098

Charge for year

45

At 31 August 2025

24,143

NET BOOK VALUE

At 31 August 2025

407

At 31 August 2024

452

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

3,378,126

NET BOOK VALUE

At 31 August 2025

3,378,126

At 31 August 2024

3,378,126

Fair value at 31 August 2025 is represented by:

£

Valuation in 2007

251,827

Valuation in 2016

457,194

Valuation in 2021

89,723

Cost

2,579,382

3,378,126

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

2,578,168

2,578,168

Investment property was valued on an open market basis on 31 August 2021 by the directors .

The values have been reviewed and the total is still believed to be at least equal to the amount included in the accounts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

13,245

14,300

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

9,292

5,209

Other creditors

22,938

34,329

32,230

39,538

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,413,078

1,503,078

Other creditors

230,810

160,498

1,643,888

1,663,576

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

1,413,078

1,503,078

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,413,078

1,503,078

The Bank Loans are secured on the company's fixed assets.

10.

RESERVES

Fair

value

reserve

£

At 1 September 2024

and 31 August 2025

712,744