REGISTERED NUMBER: 03632262 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Hirsteel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Hirst

REGISTERED OFFICE:

Longbourne

Little Green Lane

Farnham

Hampshire

GU9 8TF

REGISTERED NUMBER:

03632262 (England and Wales)

ACCOUNTANTS:

Knox & Eames Chartered Accountants

36 Shepherds Lane

Caversham

Reading

Berkshire

RG4 7JL

FIXED ASSETS

Investments

4

2,512,500

2,512,500

CURRENT ASSETS

Cash at bank

176

183

CREDITORS

Amounts falling due within one year

5

137,766

136,879

NET CURRENT LIABILITIES

(137,590

)

(136,696

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,374,910

2,375,804

CREDITORS

Amounts falling due after more than one year

6

330,000

465,000

NET ASSETS

2,044,910

1,910,804

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,044,908

1,910,802

SHAREHOLDERS' FUNDS

2,044,910

1,910,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 8 June 2026 and were signed by:

M Hirst - Director

1.	STATUTORY INFORMATION

Hirsteel 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.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 (2025 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

and 31 March 2026

2,512,500

NET BOOK VALUE

At 31 March 2026

2,512,500

At 31 March 2025

2,512,500

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed to group undertakings

16,707

15,821

Other creditors

121,059

121,058

137,766

136,879

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

330,000

465,000

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

330,000

465,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Other loans

450,000

585,000

There is a fixed charge dated 26 February 2021, and lodged with Companies House, over the entire issued ordinary shares in the capital of the company.

There is a fixed and floating charge dated 26 February 2021, and lodged with Companies House, over all assets and income of the company now and in the future and any amounts realised by an administrator or liquidator.