Registration number: 06366930

HPS Estate Agents Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

HPS Estate Agents Limited

Company Information

Director

D Murray

Registered office

2-4 Newbegin Hornsea East Yorkshire HU18 1AG

HPS Estate Agents Limited

(Registration number: 06366930)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	20,234	26,003
Current assets
Stocks	5	425	850
Debtors	6	3,569	6,025
Cash at bank and in hand		15	26
		4,009	6,901
Creditors: Amounts falling due within one year	7	(178,720)	(165,824)
Net current liabilities		(174,711)	(158,923)
Net liabilities		(154,477)	(132,920)
Capital and reserves
Called up share capital		108	108
Retained earnings		(154,585)	(133,028)
Shareholders' deficit		(154,477)	(132,920)

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 June 2026
 

......................................... D Murray Director

HPS Estate Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 06366930.

The address of its registered office is:
2-4 Newbegin
Hornsea
East Yorkshire
HU18 1AG

These financial statements were authorised for issue by the director on 6 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling and are rounded to the nearest pound.

Going concern

The director understands that there is doubt over the going concern of the company due to the insolvent position of the balance sheet. This is largely caused by loans and amounts from related parties, for which it has been confirmed that repayment will not be sought until the company is in a position to able to repay the amounts.

The director has agreed to continue to support the entity in fulfilling any debts and are satisfied that the company can continue as a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of property services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

HPS Estate Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance
Office equipment	25% reducing balance
Property improvements	6 year straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for property selling services provided in the ordinary course of business.

Trade debtors are recognised initially at the transaction price less any bad debts. A provision for the bad debts of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

HPS Estate Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 3 (2024 - 4).

HPS Estate Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4	Tangible assets

	Improvements to property  £	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 October 2024	17,612	15,576	25,870	59,058
At 30 September 2025	17,612	15,576	25,870	59,058
Depreciation
At 1 October 2024	2,935	8,598	21,522	33,055
Charge for the year	2,935	1,747	1,087	5,769
At 30 September 2025	5,870	10,345	22,609	38,824
Carrying amount
At 30 September 2025	11,742	5,231	3,261	20,234
At 30 September 2024	14,677	6,978	4,348	26,003

5

Stocks

	2025 £	2024 £
Other inventories	425	850

6

Debtors

	2025 £	2024 £
Trade debtors	3,069	5,136
Prepayments	500	889
	3,569	6,025

HPS Estate Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	7,625	7,232
Trade creditors		6,039	3,629
Taxation and social security		2,037	3,616
Accruals and deferred income		1,721	2,366
Other creditors		161,298	148,981
		178,720	165,824

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £4,320 (2024 - £4,490).

9	Related party transactions

Summary of transactions with other related parties

Keith Murray (Shareholder)
At the year end, the amount due to K Murray was £124,351 (2024: £126,581). The amount is unsecured, interest free and repayable on demand.

10	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	7,625	7,232

Bank overdrafts are secured.