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Registered number: 08411924 HFD RIGHTS LTD. UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
HFD RIGHTS LTD.
CONTENTS
| Page
Statement of Financial Position | 1 - 2
Notes to the Financial Statements | 3 - 8
HFD RIGHTS LTD. REGISTERED NUMBER:08411924
STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2026
|  | 2026 |  | 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 6,168 |  | 7,855
Investments |  |  | 100 |  | 100
|  |  | 6,268 |  | 7,955
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 140,664 |  | 146,428 |
Cash at bank and in hand |  | 10,096 |  | 12,752 |
|  | 150,760 |  | 159,180 |
Creditors: amounts falling due within one year | 7 | (20,261) |  | (77,231) |
Net current assets |  |  | 130,499 |  | 81,949
Total assets less current liabilities |  |  | 136,767 |  | 89,904
Provisions for liabilities |  |  |  |  |
Deferred tax | 8 | (1,172) |  | (1,492) |
|  |  | (1,172) |  | (1,492)
Net assets |  |  | 135,595 |  | 88,412
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 200 |  | 200
Profit and loss account |  |  | 135,395 |  | 88,212
|  |  | 135,595 |  | 88,412
Page 1
HFD RIGHTS LTD. REGISTERED NUMBER:08411924
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 28 FEBRUARY 2026 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
H L Flynn
Director
Date: 17 July 2026
The notes on pages 3 to 8 form part of these financial statements. Page 2
HFD RIGHTS LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
1. | General information
The company's legal form is that of a limited company incorporated in the United Kingdom. The Company's registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD. The Company's principal activity was that of the creation and exploitation of intellectual property. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Associates and joint ventures
Associates and Joint Ventures are held at cost less impairment.
| 2.3 | Turnover
Turnover comprises revenue recognised by the company in respect of royalties received during the period, exclusive of Value Added Tax and trade discounts.
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 25% reducing balance
|  |  |  | Office equipment | - | 25% reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 3
HFD RIGHTS LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 2.Accounting policies (continued)
| 2.5 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.6 | Creditors
Short term creditors are measured at the transaction price.
| 2.7 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is £ Sterling. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.8 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
| 2.9 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 4
HFD RIGHTS LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 2.Accounting policies (continued)
| 2.10 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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 reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. Page 5
HFD RIGHTS LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2025 - 1).
4. | Tangible fixed assets
|  | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 March 2025 | 8,510 | 16,990 | 25,500
| Additions | - | 366 | 366
| At 28 February 2026 | 8,510 | 17,356 | 25,866
| Depreciation |  |  |
| At 1 March 2025 | 4,983 | 12,662 | 17,645
| Charge for the year on owned assets | 882 | 1,171 | 2,053
| At 28 February 2026 | 5,865 | 13,833 | 19,698
| Net book value |  |  |
| At 28 February 2026 | 2,645 | 3,523 | 6,168
| At 28 February 2025 | 3,527 | 4,328 | 7,855
5. | Fixed asset investments
|  | Investments in associates
|  | £
| Cost or valuation |
| At 1 March 2025 | 100
| At 28 February 2026 | 100
| Participating interests
| The company holds a 50% interest in HJL Design Ltd.
Page 6
HFD RIGHTS LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
6. | Debtors
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade debtors | 8 | -
| Other debtors | 140,000 | 145,000
| Prepayments and accrued income | 656 | 1,428
|  | 140,664 | 146,428
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade creditors | 166 | 258
| Other taxation and social security | 9,416 | 5,711
| Other creditors | 7,505 | 67,160
| Accruals and deferred income | 3,174 | 4,102
|  | 20,261 | 77,231
8. | Deferred taxation
|  | 2026
|  | £
| At beginning of year | (1,493)
| Charged to profit or loss | 321
| At end of year | (1,172)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Accelerated capital allowances | (1,172) | (1,493)
Page 7
HFD RIGHTS LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
9. | Share capital
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 102 (2025 - 102) Ordinary A shares of £1 each | 102 | 102
|  | 98 (2025 - 98) Ordinary B shares of £1 each | 98 | 98
|  |  | 200 | 200
Page 8