Hughes Portland Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 06812383

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		707,943		707,943

			707,943		707,943
CURRENT ASSETS
Debtors	5	144,907		128,302
Cash at bank and in hand		156,349		145,428

		301,256		273,730
Creditors: Amounts Falling Due Within One Year	6	(556,543 )		(556,225 )

NET CURRENT ASSETS (LIABILITIES)			(255,287 )		(282,495 )

TOTAL ASSETS LESS CURRENT LIABILITIES			452,656		425,448

Creditors: Amounts Falling Due After More Than One Year	7		(807,582 )		(849,582 )

NET LIABILITIES			(354,926 )		(424,134 )

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Income Statement			(355,926 )		(425,134 )

SHAREHOLDERS' FUNDS			(354,926)		(424,134)

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Hughes Portland Ltd

Statement of Financial Position (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges her 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 Income Statement.

On behalf of the board

Mrs Kyriacou Skordis

Director

19 June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Hughes Portland Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06812383 . The registered office is 156a Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the entity.

2.2. Going Concern Disclosure

These accounts have been prepared on a going concern basis on the grounds that the company's shareholders have assured the director that their financial support for the company will continue for the forthcoming twelve months at least.

2.3. Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange available to the company in settling its debtors and creditors ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate available to the company on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

2.6. Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

2.7. Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

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Hughes Portland Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Investments

	Unlisted	Other	Total
	£	£	£
Cost or Valuation
As at 1 February 2025	770	1,236,702	1,237,472

As at 31 January 2026	770	1,236,702	1,237,472

Provision
As at 1 February 2025	-	529,529	529,529

As at 31 January 2026	-	529,529	529,529

Net Book Value
As at 31 January 2026	770	707,173	707,943

As at 1 February 2025	770	707,173	707,943

Unlisted investments comprise the company's ownership of 1,000 ordinary voting shares of US$1 each in 706 Island House LLC, a company registered in the USA, representing a 100% shareholding of the ordinary issued shares of the company.

Other investments are loans to group undertakings.

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	144,907	128,302

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Other creditors	552,043	556,225
Accruals and deferred income	4,500	-

	556,543	556,225

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Other creditors	807,582	849,582

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1,000	1,000

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Hughes Portland Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

9. Related Party Transactions

The following transactions were carried out with related parties:

Subsidiaries

Included in Other debtors is a loan from the Company to its subsidiary 706 Island House LLC amounting to £144,907 (2025: £128,302). The balance relates to finance transactions. The receivable was provided interest free, unsecured and has no specified repayment date.

Participating interests

Included in Other creditors falling due within one year is a loan from the Company's shareholder and other participating interests amounting to £552,043 (2025: £556,225). The balance relates to finance transactions. The payable was provided interest free, unsecured and has no specified repayment date.
Included in Other creditors falling due after more than one year is a loan from the Company's shareholder and other participating interests amounting to £807,582 (2025: £849,582). The balance relates to finance transactions. The payable was provided interest free, unsecured and has no specified repayment date.

10. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Finacom Holding SA . Finacom Holding SA was incorporated in Switzerland. Copies of the parent company's accounts may be obtained from the secretary, Chemin de la Cabuche 30, 1773 Léchelles, Switzerland .

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