REGISTERED NUMBER: 13421043 (England and Wales)

HYPOTEK CAPITAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Majithia

Mr N T Petkov

REGISTERED OFFICE:

Sterling House

Fullbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

13421043 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Property, plant and equipment

4

4,341

1,535

Investments

5

2,000

-

6,341

1,535

CURRENT ASSETS

Debtors

6

71,296

-

Cash at bank

327,110

58

398,406

58

CREDITORS

Amounts falling due within one year

7

231,069

156,990

NET CURRENT ASSETS/(LIABILITIES)

167,337

(156,932

)

TOTAL ASSETS LESS CURRENT LIABILITIES

173,678

(155,397

)

CREDITORS

Amounts falling due after more than one year

8

-

250,000

NET ASSETS/(LIABILITIES)

173,678

(405,397

)

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

172,678

(406,397

)

SHAREHOLDERS' FUNDS

173,678

(405,397

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by:

Mr N T Petkov - Director

1.	STATUTORY INFORMATION

Hypotek Capital 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

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 4 (2024 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 June 2024

3,639

Additions

4,253

At 31 May 2025

7,892

DEPRECIATION

At 1 June 2024

2,104

Charge for year

1,447

At 31 May 2025

3,551

NET BOOK VALUE

At 31 May 2025

4,341

At 31 May 2024

1,535

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

2,000

At 31 May 2025

2,000

NET BOOK VALUE

At 31 May 2025

2,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Financeco 1 Limited

Registered office: Sterling House, Fulbourne Road, Walthamstow, London, England, E17 4EE

Nature of business: Activities of mortgage finance companies

%

Class of shares:

holding

Ordinary

100.00

31.5.25

£

Aggregate capital and reserves

1,000

Profit for the year

17,873

Hypotek Financeco 2 Limited

Registered office: Sterling House, Fulbourne Road, Walthamstow, London, England, E17 4EE

Nature of business: Activities of mortgage finance companies

%

Class of shares:

holding

Ordinary

100.00

31.5.25

£

Aggregate capital and reserves

1,000

Profit for the year

42,768

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Other debtors

71,296

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Amounts owed to group undertakings

64,629

20,714

Tax

125,415

-

Social security and other taxes

15,826

44,587

Directors' current accounts

8,712

7,712

Accrued expenses

16,487

45,086

Net wages control account

-

38,891

231,069

156,990

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans (see note 9)

-

250,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

250,000

9.

LOANS

An analysis of the maturity of loans is given below:

31.5.25

31.5.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

250,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.	RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owed £19,091 (2024: £20,714) to Fianaceco 1 Limited. The balance is interest free, unsecured and repayable on demand.

As at the balance sheet date, the company owed £45,538 (2024: £Nil) to Hypotek Financeco 2 Limited. The balance is interest free, unsecured and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY