REGISTERED NUMBER: 13172944 (England and Wales)

Financial Statements for the Year Ended 31st December 2025

for

Hopsteiner Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L S Gimbel IV

E Kentish Barnes

REGISTERED OFFICE:

15a Henley Business Park

Pirbright Road

Normandy

Guildford

Surrey

GU3 2DX

REGISTERED NUMBER:

13172944 (England and Wales)

AUDITORS:

Moulton Johnson Limited

Chartered Accountants & Statutory Auditors

29a Crown Street

Brentwood

Essex

CM14 4BA

FIXED ASSETS

Tangible assets

4

1,578,352

1,600,696

CURRENT ASSETS

Debtors

5

9,081

12,236

Cash at bank

21,375

24,733

30,456

36,969

CREDITORS

Amounts falling due within one year

6

831,904

829,116

NET CURRENT LIABILITIES

(801,448

)

(792,147

)

TOTAL ASSETS LESS CURRENT LIABILITIES

776,904

808,549

CREDITORS

Amounts falling due after more than one year

7

757,829

811,064

NET ASSETS/(LIABILITIES)

19,075

(2,515

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

19,074

(2,516

)

19,075

(2,515

)

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 26th May 2026 and were signed on its behalf by:

E Kentish Barnes - Director

L S Gimbel IV - Director

1.	STATUTORY INFORMATION

Hopsteiner Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The directors consider it is reasonable to prepare the financial statements on a going concern basis. The company has financial support from its parent and sister companies, both of which have sufficient reserves, and will have access to financing options to support it if necessary and, therefore, the directors see no reasonable concern as to the company's ability to continue to trade for the next 12 months.

Revenue recognition

Revenue represents rental and service charges receivable in respect of the company's investment property excluding value added tax.

Tangible fixed assets

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

Land and buildings

-

2% on cost of buildings

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.

Investment property

An election was made to treat the investment property as property, plant and equipment. It is measured at cost with the buildings element depreciated over its useful estimated life of 50 years.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st January 2025

and 31st December 2025

1,677,034

DEPRECIATION

At 1st January 2025

76,338

Charge for year

22,344

At 31st December 2025

98,682

NET BOOK VALUE

At 31st December 2025

1,578,352

At 31st December 2024

1,600,696

Included in cost of land and buildings is freehold land of £ 560,000 (2024 - £ 560,000 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

-

3,087

Prepayments

9,081

9,149

9,081

12,236

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

114,437

118,663

Trade creditors

3,275

7,431

Amounts owed to group undertakings

673,855

677,346

Social security and other taxes

3,421

10,599

Accrued expenses

36,916

15,077

831,904

829,116

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans 1 to 5 years

457,748

474,652

Bank loans over 5 years

300,081

336,412

757,829

811,064

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

300,081

336,412

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

872,266

929,727

Security has been granted to the company's bankers by way of debenture with a fixed and floating charge covering all the property or undertakings of the company for the loan provided by the bank to purchase the company's warehouse.

In addition to the above, the company has provided a right of set-off to the bank.

The company's sister company, Steiner Hops Limited, has also provided a cross-guarantee by way of a fixed and floating charge covering all the property or undertakings for the loan provided by the bank to purchase the company's warehouse.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Southgate ACCA FCA (Senior Statutory Auditor)

for and on behalf of Moulton Johnson Limited

10.	RELATED PARTY DISCLOSURES

Steiner Hops Limited

A fellow subsidiary

During the year, the company sublet its investment property to Steiner Hops Limited. Rent and service charges receivable during the year amounted to £192,727 (2024: £187,155).

Steiner Hops Limited continued to provide an interest-free loan to the company during the year. The balance due to Steiner Hops Limited at the balance sheet date amounted to £673,855 (2024: £677,346).

Steiner Hops Limited has also provided security by way of a debenture with a fixed and floating charge over the assets of the company. It has also provided a cross-guarantee and right of set-off to its banker.

11.	ULTIMATE PARENT COMPANY

The ultimate parent company is S.S. Steiner Inc. a company incorporated in the United States of America. The parent company prepares consolidated accounts and its registered office is 725 5th Avenue, New York, NY 10022.

12.	LEASING AGREEMENTS

Minimum lease amounts receivable on non-cancellable operating leases are as follows:

Receivable within one year: £51,500 (2024: £123,600)

Receivable between one and five years: £Nil (2024: £51,500)