Hyslop Property Lets Ltd - Filleted accounts

Registered number

14666654

Hyslop Property Lets Ltd

Unaudited Filleted Accounts

28 February 2026

Hyslop Property Lets Ltd
Registered number:		14666654
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Investments	3		290,000			280,000

Current assets
Cash at bank and in hand		2,851			8,157

Creditors: amounts falling due within one year	5	(4,898)			(2,406)

Net current (liabilities)/assets			(2,047)			5,751

Total assets less current liabilities			287,953			285,751

Creditors: amounts falling due after more than one year	6		(286,691)			(281,538)

Provisions for liabilities			(239)			(800)


Net assets			1,023			3,413

Capital and reserves
Called up share capital			100			100
Profit and loss account			923			3,313

Shareholders' funds			1,023			3,413

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr S Hyslop
Director
Approved by the board on 13 May 2026

Hyslop Property Lets Ltd
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

	Turnover
	The company has no turnover as its income is derived from rental income receivable during the year.

	Investment properties
	Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

	Debtors and creditors receivable/payable within one year
	Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					2		2


3	Investments

Other
investments
£
	Cost
	At 1 March 2025							280,000
	Revaluation							10,000

	At 28 February 2026							290,000

	Investment properties are carried at fair value with gains/losses recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. Investment properties' fair value could be measured reliably without undue cost or effort. At the year end the Director, Mr S Hyslop, has assessed the fair value of properties and this is reflected in the cumulative carring amount.

4	Investments held as current assets					2026		2025
£							£

	Increase/(decrease) in fair value included in the profit and loss account for the financial year
	Unlisted investments					10,000		(10,000)



5	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					123		120
	Other creditors					4,775		2,286
						4,898		2,406


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					206,050		206,050
	Other creditors					80,641		75,488
						286,691		281,538


7	Loans					2026		2025
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					286,691		274,459


	Secured bank loans					206,050		206,050

	The above loan is secured via fixed charges over the company's investment property.


8	Related party transactions

	Hyslop Property Lets Ltd has a loan from Hyslop Financial Services Limited which is a close company held by the directors, no repayments have been made for this loan. HMRC's official rate of interest is charged.

				Amount loaned
B/fwd				Amount loaned	Repaid		C/fwd
£			£		£		£

	Loan	77,774		2,867		-		80,641

		77,774		2,867		-		80,641


9	Other information

	Hyslop Property Lets Ltd is a private company limited by shares and incorporated in England. Its registered office is:

	5 Sellick Hill
	Exeter
	Devon
	EX1 4AJ