Hotwells Developments Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 05999323

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		300,000		300,000

			300,000		300,000
CURRENT ASSETS
Cash at bank and in hand		31,062		32,210

		31,062		32,210
Creditors: Amounts Falling Due Within One Year	5	(2,676 )		(2,584 )

NET CURRENT ASSETS (LIABILITIES)			28,386		29,626

TOTAL ASSETS LESS CURRENT LIABILITIES			328,386		329,626

NET ASSETS			328,386		329,626

CAPITAL AND RESERVES
Called up share capital	6		4		4
Profit and Loss Account			328,382		329,622

SHAREHOLDERS' FUNDS			328,386		329,626

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

T N Chastney

Director

31/05/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Hotwells Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05999323 . The registered office is 30 Whiteladies Road, Clifton, Bristol, BS8 2LG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

2.4. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Investment Property

	2025
	£
Fair Value
As at 1 September 2024 and 31 August 2025	300,000

Investment Properties have been valued by the directrors at the year end on an open market basis on information afforded by recent professional valuations of similar properties and by advice provided by external valuers.

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	266,972	266,972

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	2,676	2,584

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Hotwells Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

7. Contingent Liabilities

	2025	2024
	£	£
At the end of the period	3,347,500	3,347,500

As at 31 August 2025, the company was party to a composite guarantee in favour of Svenska Handelsbanken AB (publ) in respect of the bank loans of Triangle Properties (Bristol) Limited and Avonco (Bristol) Limited which are companies under the common control of the directors. The bank held security in the form of an unlimited debenture over the company's assets and a fixed charge over its investment property. These charges were satisfied on 4 December 2025.

8. Reserves

	Profit and Loss Account
	£
As at 1 September 2024	329,622
Loss for the year and total comprehensive income	(1,240 )

As at 31 August 2025	328,382

Retained earnings include both realised and unrealised profits.

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