REGISTERED NUMBER: 06338229 (England and Wales)

HOSTING DEVELOPMENTS LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Group Strategic Report

2

to

4

Report of the Directors

5

to

6

Report of the Independent Auditors

7

to

9

Consolidated Income Statement

10

Consolidated Other Comprehensive Income

11

Consolidated Statement of Financial Position

12

Company Statement of Financial Position

13

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Statement of Cash Flows

16

Notes to the Consolidated Statement of Cash Flows

17

Notes to the Consolidated Financial Statements

18

to

27

DIRECTORS:

M Cantrell

J Colloff

A Craggs

S B Cullen

M Halley

REGISTERED OFFICE:

A1-A46 Junction

Lincoln Road

Newark

Nottinghamshire

NG24 2EA

REGISTERED NUMBER:

06338229 (England and Wales)

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

14 London Road

Newark

Nottinghamshire

NG24 1TW

The directors present their strategic report of the company and the group for the year ended 30 September 2025.

PRINCIPAL ACTIVITIES, REVIEW OF BUSINESS AND FUTURE DEVELOPMENTS

The group is a multi-franchise operation representing leading motorhome manufacturers from across the UK and Europe.

The group operates at Newark and is the biggest single site retailer of new and used motorhomes in the UK. As well as retailing motorhomes the group also has comprehensive aftersales, servicing and repair facilities along with an accessory shop. The Newark site is a unique destination which, in addition to its showroom displaying up to forty motorhomes for sale, has a cafe and leisure centre together with overnight camping facilities for the exclusive use of its customers.

The results for the period and the financial position of the group are shown in the annexed financial statements.

After many years of strong profitability, the group made a loss in the financial year to 30th September 2025. This was due to excess new motorhome stock levels throughout the industry leading to a much more competitive trading environment following a reduction in consumer demand for new motorhomes after the covid years boom and an increase in manufacturers’ production as they had better access to chassis and component parts than during those covid years. This also adversely affected used motorhome valuations which had previously risen when new motorhomes were in short supply. As a result, the group had to take action to reduce both new and used stock levels by discounting and operating at lower profit margins. The group made a loss before tax of £0.96m (2024 - profit of £1.12m).

The group has excellent relationships with its bankers and franchisors and meets all its requirements on time.

There are no planned changes to the principal activities of the group. The directors believe the business is well placed to face the challenges ahead and are encouraged by the continued demand for motorhomes since the financial yearend. The 2025/26 financial year will continue to be adversely impacted by continued excess stock levels throughout the industry, leading to an ongoing competitive trading environment but the group expects to return an improved financial result..

Review of financial position

At 30th September 2025, the group remained in a strong net cash position with a net balance of £5.7m (2024 - £3.4m). Due to the actions taken by the directors in this difficult year the cash position has improved which leaves the group in an excellent position going forward.

As a result of the losses in the year, the group's net assets reduced to £5.6m (2024 - £6.6m). The net current asset position reduced to £4.5m (2024 - £5.3m).

Based upon the strong financial position of the group, the directors are still able to make strategic decisions and take advantage of opportunities as they arise.

Key performance indicators

2025

2024

Method of calculation

Profit/(loss) for the year (£'000)

(961)

1,217

Profit before tax

Gross margin (%)

8.4

11.2

Gross profit divided by turnover

Capital expenditure (£'000)

204

1,082

Investment in capital items in the year

Average number of staff

203

201

Average number taken from payroll records

The board also monitors non financial key performance indicators, which include:

- Customer satisfaction, as measured by independent third parties

- Employee turnover and absences

PRINCIPAL RISKS AND UNCERTAINTIES

Business environment

The management of the business and the execution of the group’s strategy are subject to a number of risks such as the UK economy, the reliance on motorhome manufacturers and their supply chain, and the GBP/EUR exchange rate. These risks are reviewed by the Board and where appropriate, monitored and mitigated by suitable processes.

The directors keep abreast of the current economic conditions and will continue to modify policies to reflect the market conditions.

They continue to have good relationships with and the continued support of their bankers and franchisors.

The policies of the board of directors are implemented by the group's finance department. The department has policies and procedures to manage interest and currency rate risks together with credit risk and the circumstances where it would be appropriate to use financial instruments to manage these.

Inventory control

The directors review the levels, ageing and valuation of stock monthly. This close control ensures that availability and choice for customers is maintained. This means that the group is able to make informed decisions and react quickly to changes in market conditions as required.

Financial control

The group’s operations expose it to a variety of financial risks that include the effects of changes in debt market prices, credit risk, liquidity risk, currency risk and interest rate risk. The group has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the group by monitoring levels of debt finance and related finance costs.

Policies are also in place to ensure that funds are cleared on vehicles prior to delivery to ensure this risk is minimised. Where consumer finance is utilised, this is subject to acknowledgement that a customer has been accepted for finance prior to delivery.

SECTION 172(1) STATEMENT

The directors of the group act in accordance with the duties set out in section 172(1) of the Companies Act 2006 to promote the success of the group for the benefit of its members, and in doing so have regard (amongst other matters) to:

a. The likely consequences of any decision in the long term

b. The interests of the group's employees

c. The need to foster the group's business relationships with suppliers, customers and others

d. The impact of the group's operations on the community and the environment

e. The desirability of the group maintaining a reputation for high standards of business conduct, and

f. The need to act fairly as between members of the group.

The board of directors meet monthly and all major decisions are discussed and agreed based on their potential short and long-term risks and rewards.

The directors are mindful that good employees are key to any business and staff are regularly consulted by way of a monthly newsletter, employee council meetings, suggestion boxes and representation at health and safety meetings. The group believes that staff pay is competitive and undertakes a pay review every year with all staff receiving an annual increase. Additionally, employees benefit from private medical insurance, death-in-service life assurance and a profit share bonus since the group became an Employee Ownership Trust. The group believes it to be a good employer as evidenced by low staff turnover, an increasing number of long serving employees and a very stable and long serving management team.

The group has excellent relationships with its key suppliers, the motorhome manufacturers, and for many years has had a strategy of limiting the number of manufacturers it represents and being a major supplier for each to enhance those relationships for the benefit of all parties. The group has five manufacturer relationships and is the UK’s biggest selling dealer (by motorhomes sold) for each of these. Strategically, around 75% of the motorhomes the group sells are sourced from UK manufacturers which gives greater certainty on supply as almost all their product is built for the UK market. The remaining 25% is sourced from European manufacturers.

Customer satisfaction is of great importance to the group and is measured by surveys sent to all motorhome buying and service customers and TrustPilot reviews. The feedback is read by the executive directors and management team and acted upon to continuously improve customer service.

The group also operates Club Brownhills which all its motorhome buying customers automatically become members of for the lifetime of their ownership of that motorhome and includes complimentary benefits such as overnight stays with electric hook-up; use of the swimming pool, sauna, spa and washroom/changing facilities; use of the club lounge and kitchen; attendance at member weekend events where food and entertainment is laid on; and an invite to member Christmas lunches throughout December. This offering is unique throughout the industry and is very well received by the members and along with good service helps maintain customer loyalty.

The group always aims to foster good relationships with its neighbours, local authorities and community, and sponsors local football and rugby clubs. Additionally, the group nominates a charity of the year and the proceeds raised at club member events are passed on. Wherever possible the group uses local suppliers to help the local economy.

The group takes its environmental responsibilities seriously and recycles, has solar panels on the roof of the building, and minimises energy consumption by using low energy lighting and software to minimise energy waste.

The directors always strive to act professionally and with integrity in the interests of the group’s reputation, financial wellbeing and the stakeholders. The group is not controlled by any one individual and therefore decision making is undertaken collectively by the directors. The Chief Executive Officer and one of the Non-Executive Directors are members of the Employee Ownership Trust board of trustees where they explain director decision-making to the other trustees - two employee trustees and an independent trustee.

ON BEHALF OF THE BOARD:

J Colloff - Director

25 June 2026

The directors present their report with the financial statements of the company and the group for the year ended 30 September 2025.

DIVIDENDS

No dividends will be distributed for the year ended 30 September 2025.

The loss for the year, after taxation, amounted to £894,523 (2024 - £964,546(Profit)).

The directors do not recommend payment of a dividend.

Financial risk management objectives and policies

These are disclosed in the Strategic Report.

FUTURE DEVELOPMENTS

Information on the likely future developments in the business of the company has been included in the Strategic Report.

Post balance sheet events

There have been no significant events affecting the company since the year end.

DIRECTORS

A P Craggs

M Halley

M Cantrell

J Colloff

S Cullen

STREAMLINED ENERGY AND CARBON REPORTING

The group has reviewed its energy consumption and calculated its greenhouse gas emissions for the period 1 October 2024 to 30 September 2025 as follows along with a comparison to the prior year figures.

Units

2025

2024

Energy Consumption- Electricity

kWh

538,003

513,043

Energy Consumption- Gas

kWh

777,997

700,287

Energy Consumption- Own transport

Litres

61,834

69,318

Electricity Emissions

tCO2e

125

120

Gas Emissions

tCO2e

143

129

Own Transport Emissions

148

166

Total Gross Emissions

tCO2e

416

415

Turnover

£m

102.4

101.2

Intensity Ratio

tCO2e/£m

4.1

4.1

The group’s Intensity Ratio remained consistent with the prior year.

The company has taken action and will continue to do so to improve energy efficiency including:

- Generating a portion of its electricity from 149.76 KWp solar panels on the building roof

- Using LED lighting in all areas of the business

- Increasing the number of fully electric cars which now comprise 29% of its total vehicle fleet

- Discussing energy consumption and means to reduce it at management and director level

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the group strategic report, the directors' report and the consolidated financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period.

In preparing these financial statements, the directors are required to:

• select suitable accounting policies for the group's financial statements and then apply them consistently;

• make judgements and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures

disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group

will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

J Colloff - Director

25 June 2026

Opinion

We have audited the financial statements of Hosting Developments Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 30 September 2025 and of the group's loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on pages five and six, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, knowledge of the sector, a review of regulatory and legal correspondence and through discussions with directors and other management obtained as part of the work required by auditing standards. We have also discussed with the directors and other management the policies and procedures relating to compliance with laws and regulations. We communicated laws and regulations throughout the team and remained alert to any indications of non-compliance throughout the audit.

The potential impact of different laws and regulations varies considerably. Firstly, the company is subject to laws and regulations that directly impact the financial statements (for example financial reporting legislation) and we have assessed the extent of compliance with such laws and regulations as part of our financial statements audit. This included the identification and testing of unusual material journal entries and challenging management on key areas of uncertainty being the estimates, assumptions and judgements made in the preparation of the financial statements. These key areas of uncertainty are disclosed in the accounting policies.

Secondly, the company is subject to other laws and regulations where the consequence for non-compliance could have a material effect on the amounts or disclosures in the financial statements. We identified the following areas as those most likely to have such an effect: Health and Safety regulations, Employment law and Environmental regulations. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection. Through these procedures, if we became aware of any non-compliance, we considered the impact on the procedures performed on the related financial statements items.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. As with any audit, there is a greater risk of non-detection of irregularities as these may involve collusion, intentional omissions or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Rachel Rudkin (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

14 London Road

Newark

Nottinghamshire

NG24 1TW

26 June 2026

REVENUE

4

102,471,796

101,193,058

Cost of sales

93,890,906

89,881,030

GROSS PROFIT

8,580,890

11,312,028

Administrative expenses

9,827,141

10,300,299

(1,246,251

)

1,011,729

Other operating income

832,091

587,113

OPERATING (LOSS)/PROFIT

6

(414,160

)

1,598,842

Interest receivable and similar income

93,637

116,144

(320,523

)

1,714,986

Interest payable and similar expenses

7

641,032

498,229

(LOSS)/PROFIT BEFORE TAXATION

(961,555

)

1,216,757

Tax on (loss)/profit

8

(67,032

)

252,211

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(894,523

)

964,546

(Loss)/profit attributable to:

Owners of the parent

(894,523

)

964,546

(LOSS)/PROFIT FOR THE YEAR

(894,523

)

964,546

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(894,523

)

964,546

Total comprehensive income attributable to:

Owners of the parent

(894,523

)

964,546

FIXED ASSETS

Intangible assets

10

-

-

Property, plant and equipment

11

1,193,221

1,342,253

Investments

12

-

-

1,193,221

1,342,253

CURRENT ASSETS

Inventories

13

25,644,346

27,378,105

Debtors

14

2,066,606

2,690,043

Cash at bank

5,701,661

3,419,563

33,412,613

33,487,711

CREDITORS

Amounts falling due within one year

15

28,960,348

28,152,224

NET CURRENT ASSETS

4,452,265

5,335,487

TOTAL ASSETS LESS CURRENT LIABILITIES

5,645,486

6,677,740

PROVISIONS FOR LIABILITIES

17

62,523

32,348

NET ASSETS

5,582,963

6,645,392

CAPITAL AND RESERVES

Called up share capital

18

11

11

Share premium

19

60,002

60,002

Retained earnings

19

5,522,950

6,585,379

SHAREHOLDERS' FUNDS

5,582,963

6,645,392

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2026 and were signed on its behalf by:

J Colloff - Director

FIXED ASSETS

Intangible assets

10

-

-

Property, plant and equipment

11

-

-

Investments

12

2

2

2

2

CURRENT ASSETS

Debtors

14

93,004

93,004

NET CURRENT ASSETS

93,004

93,004

TOTAL ASSETS LESS CURRENT LIABILITIES

93,006

93,006

CAPITAL AND RESERVES

Called up share capital

18

11

11

Share premium

19

60,002

60,002

Retained earnings

19

32,993

32,993

SHAREHOLDERS' FUNDS

93,006

93,006

Company's profit for the financial year

-

-

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2026 and were signed on its behalf by:

J Colloff - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 October 2023

11

7,120,833

60,002

7,180,846

Changes in equity

Total comprehensive income

-

964,546

-

964,546

Contributions to employment ownership trust

-

(1,500,000

)

-

(1,500,000

)

Balance at 30 September 2024

11

6,585,379

60,002

6,645,392

Changes in equity

Total comprehensive income

-

(894,523

)

-

(894,523

)

Contributions to employment ownership trust

-

(167,906

)

-

(167,906

)

Balance at 30 September 2025

11

5,522,950

60,002

5,582,963

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 October 2023

11

32,993

60,002

93,006

Changes in equity

Balance at 30 September 2024

11

32,993

60,002

93,006

Changes in equity

Balance at 30 September 2025

11

32,993

60,002

93,006

Cash flows from operating activities

Cash generated from operations

1

3,055,953

1,138,130

Interest paid

(641,032

)

(498,229

)

Tax paid

37,782

(94,734

)

Net cash from operating activities

2,452,703

545,167

Cash flows from investing activities

Purchase of tangible fixed assets

(204,180

)

(1,082,067

)

Sale of tangible fixed assets

107,844

227,651

Interest received

93,637

116,144

Net cash from investing activities

(2,699

)

(738,272

)

Cash flows from financing activities

Distributions to the EOT

(167,906

)

(1,500,000

)

Net cash from financing activities

(167,906

)

(1,500,000

)

Increase/(decrease) in cash and cash equivalents

2,282,098

(1,693,105

)

Cash and cash equivalents at beginning of year

2

3,419,563

5,112,668

Cash and cash equivalents at end of year

2

5,701,661

3,419,563

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

(Loss)/profit before taxation

(961,555

)

1,216,757

Depreciation charges

239,782

232,470

Loss/(profit) on disposal of fixed assets

5,587

(24,927

)

Finance costs

641,032

498,229

Finance income

(93,637

)

(116,144

)

(168,791

)

1,806,385

Decrease/(increase) in inventories

1,733,759

(13,964,962

)

Decrease/(increase) in trade and other debtors

557,739

(653,194

)

Increase in trade and other creditors

933,246

13,949,901

Cash generated from operations

3,055,953

1,138,130

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 September 2025

30.9.25

1.10.24

£

£

Cash and cash equivalents

5,701,661

3,419,563

Year ended 30 September 2024

30.9.24

1.10.23

£

£

Cash and cash equivalents

3,419,563

5,112,668

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.24

Cash flow

At 30.9.25

£

£

£

Net cash

Cash at bank

3,419,563

2,282,098

5,701,661

3,419,563

2,282,098

5,701,661

Total

3,419,563

2,282,098

5,701,661

1.	STATUTORY INFORMATION

Hosting Developments 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 General Information page.

2.	ACCOUNTING POLICIES

2.1 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of freehold buildings and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires group management to exercise judgement in applying the company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2 Parent company disclosure exemptions

In preparing the separate financial statements of the parent company, advantage has been taken of the following disclosure exemptions available in FRS 102:

- no cash flow statement has been presented for the parent company; and

- no disclosure has been given for the aggregate remuneration of the key management personnel of the parent company as their remuneration is included in the totals for the group as a whole.

2.3 Basis of consolidation

The consolidated financial statements present the results of the group and its own subsidiaries ("the group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the consolidated statement of comprehensive income from the date on which control is obtained. They are de-consolidated from the date control ceases.

2.4 Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will have sufficient funds available to enable it to continue to trade for the foreseeable future. In making their assessment that this assumption is correct the directors have undertaken an in depth review of the business, its current prospects, and cash resources.

After due consideration of these forecasts, current and forecast cash resources and the support of the company's bankers, the directors consider that the company has adequate financial resources to continue in operational existence for the foreseeable future, and for this reason the financial statements have been prepared on a going concern basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover

Turnover represents sales to external customers at invoiced amounts less value added tax or local taxes on sales.

Sales of motorhomes, parts and accessories are recognised on the earlier of full payment or delivery to the customer. Service sales are recognised on completion of the agreed work.

Intangible assets

Goodwill relates to the acquisition of a business in 2008, and is the difference between the fair value of the consideration paid and the fair value of the assets and liabilities acquired. Positive goodwill is capitalised and amortised through the consolidated statement of comprehensive income over the directors' estimate of its useful economic life of 20 years. Impairment tests on the carrying value of goodwill are undertaken:

- at the end of the first full financial year following acquisition; and

- in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments

The company has chosen to adopt the FRS102 in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the consolidated statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company and the group operate and generate income.