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Company No: 03599599 (England and Wales)

# HATCHPLAN LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

HATCHPLAN LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

HATCHPLAN LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 December 2025
HATCHPLAN LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 7,538 |  | 1
Tangible assets | 4 | 1,022,448 |  | 807,747
Investments | 5 | 0 |  | 100
|  | 1,029,986 |  | 807,848
Current assets |  |  |  |
Stocks |  | 63,159 |  | 59,194
Debtors | 6 | 522,103 |  | 849,843
Cash at bank and in hand |  | 355,530 |  | 204,249
|  | 940,792 |  | 1,113,286
Creditors: amounts falling due within one year | 7 | ( 582,722) |  | ( 714,736)
Net current assets |  | 358,070 |  | 398,550
Total assets less current liabilities |  | 1,388,056 |  | 1,206,398
Creditors: amounts falling due after more than one year | 8 | ( 363,315) |  | ( 268,469)
Provision for liabilities | 9 | ( 231,144) |  | ( 185,587)
Net assets |  | 793,597 |  | 752,342
Capital and reserves |  |  |  |
Called-up share capital | 10 | 400 |  | 400
Profit and loss account |  | 793,197 |  | 751,942
Total shareholder's funds |  | 793,597 |  | 752,342

For the financial 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 member has not required the Company to obtain an audit of its financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Hatchplan Limited (registered number: 03599599) were approved and authorised for issue by the Board of Directors on 12 May 2026. They were signed on its behalf by:

Mr R L Dowell Director |

HATCHPLAN LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
HATCHPLAN LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Hatchplan Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp Brook House, Manor Drive, Clyst St Mary, Exeter, EX5 1GD, United Kingdom. The principal place of business is Exjet House, Torbay Business Park, 30 Woodview Road, Paignton, Devon, TQ4 7HP.
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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is a parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 5 years straight line
Website costs | 10 years straight line

###### Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life of 10 years.

###### Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 20 years straight line
Plant and machinery | 1 - 15 years straight line
Vehicles | 25 % reducing balance
| 2 - 10 years straight line
Office equipment | 25 % reducing balance

Plant and machinery is depreciated on a straight line basis over its useful economic life, generally between 1 and 15 years. Certain specialised assets may have longer useful lives where this reflects their expected economic use.
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities 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 Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 34 |  | 39

#### 3. Intangible assets

| Goodwill |  | Website costs |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 January 2025 | 1 |  | 25,897 |  | 25,898
Additions | 0 |  | 7,600 |  | 7,600
At 31 December 2025 | 1 |  | 33,497 |  | 33,498
Accumulated amortisation |  |  |  |  |
At 01 January 2025 | 0 |  | 25,897 |  | 25,897
Charge for the financial year | 0 |  | 63 |  | 63
At 31 December 2025 | 0 |  | 25,960 |  | 25,960
Net book value |  |  |  |  |
At 31 December 2025 | 1 |  | 7,537 |  | 7,538
At 31 December 2024 | 1 |  | 0 |  | 1

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 January 2025 | 208,100 |  | 1,455,633 |  | 738,358 |  | 63,243 |  | 2,465,334
Additions | 0 |  | 293,489 |  | 122,054 |  | 4,194 |  | 419,737
Disposals | 0 |  | 0 |  | ( 48,687) |  | 0 |  | ( 48,687)
At 31 December 2025 | 208,100 |  | 1,749,122 |  | 811,725 |  | 67,437 |  | 2,836,384
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 January 2025 | 109,915 |  | 1,060,655 |  | 433,572 |  | 53,445 |  | 1,657,587
Charge for the financial year | 10,405 |  | 91,954 |  | 76,041 |  | 3,188 |  | 181,588
Disposals | 0 |  | 0 |  | ( 25,239) |  | 0 |  | ( 25,239)
At 31 December 2025 | 120,320 |  | 1,152,609 |  | 484,374 |  | 56,633 |  | 1,813,936
Net book value |  |  |  |  |  |  |  |  |
At 31 December 2025 | 87,780 |  | 596,513 |  | 327,351 |  | 10,804 |  | 1,022,448
At 31 December 2024 | 98,185 |  | 394,978 |  | 304,786 |  | 9,798 |  | 807,747

#### 5. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 January 2025 | 100 |  | 100
At 31 December 2025 | 100 |  | 100
Provisions for impairment |  |  |
At 01 January 2025 | 0 |  | 0
Impairment | 100 |  | 100
At 31 December 2025 | 100 |  | 100
Carrying value at 31 December 2025 | 0 |  | 0
Carrying value at 31 December 2024 | 100 |  | 100

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 257,821 |  | 489,424
Amounts owed by Group undertakings | 33,714 |  | 100,892
Amounts owed by directors | 39,740 |  | 5,798
Prepayments and accrued income | 170,612 |  | 250,230
Corporation tax | 14,122 |  | 0
Other debtors | 6,094 |  | 3,499
| 522,103 |  | 849,843

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 21,466 |  | 19,620
Trade creditors | 220,629 |  | 258,534
Amounts owed to directors | 0 |  | 1,160
Accruals and deferred income | 52,079 |  | 67,117
Taxation and social security | 133,913 |  | 237,073
Obligations under finance leases and hire purchase contracts (secured) | 143,562 |  | 117,572
Other creditors | 11,073 |  | 13,660
| 582,722 |  | 714,736

Hire purchase liabilities are secured on the individual assets taken out on hire purchase.

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 733 |  | 30,176
Obligations under finance leases and hire purchase contracts (secured) | 362,582 |  | 238,293
| 363,315 |  | 268,469

Hire purchase liabilities are secured on the individual assets taken out on hire purchase.

#### 9. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 185,587) |  | ( 156,302)
Charged to the Statement of Income and Retained Earnings | ( 45,557) |  | ( 29,285)
At the end of financial year | ( 231,144) |  | ( 185,587)

#### 10. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
400 Ordinary shares of £ 1.00 each | 400 |  | 400

#### 11. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 54,619 |  | 25,600
between one and five years | 102,919 |  | 40,664
Total future minimum lease payments under non-cancellable operating leases | 157,538 |  | 66,264

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 10,200 |  | 8,789

#### 12. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed by the directors | 39,740 |  | 4,638

There is no fixed rate of repayment and interest is charged on balances greater than £10,000 at the rate stipulated by HMRC.

Other related party transactions

The company has taken advantage of the exemption available under FRS 102 S1A.C.35 to not disclose transactions with other entities within a wholly owned group.