HPS NEWCO LIMITED


Director	SHEIL, Humphrey


Registered Address	71a Cowbridge Road East
	Cardiff
	CF11 9AF


Registered Number	10450073 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		41,916		1,599
			41,916		1,599
Current assets
Debtors		15,756		5,296
Cash at bank and on hand		130,717		150,506
		146,473		155,802
Creditors amounts falling due within one year	4	(10,262)		(8,686)
Net current assets (liabilities)			136,211		147,116
Total assets less current liabilities			178,127		148,715
Net assets			178,127		148,715
Capital and reserves
Called up share capital			1		1
Profit and loss account			178,126		148,714
Shareholders' funds			178,127		148,715

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 28 July 2026, and are signed on its behalf by:

SHEIL, Humphrey
Director
Registered Company No. 10450073

HPS NEWCO LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards
of ownership of the goods have transferred to the buyer. Turnover from the rendering
of services is recognised by reference to the stage of completion of the contract. The
stage of completion of a contract is measured by comparing the costs incurred for
work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Research and development
	Research and development costs are charged against revenue in the period to which they relate.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	4
	Vehicles	4
	Office Equipment	4

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 November 24	2,935	25,490	3,501	31,926
Additions	3,334	41,180	2,424	46,938
Disposals	(2,416)	(25,490)	(3,501)	(31,407)
At 31 October 25	3,853	41,180	2,424	47,457
Depreciation and impairment
At 01 November 24	2,574	24,427	3,326	30,327
Charge for year	1,192	4,494	778	6,464
On disposals	(2,415)	(25,490)	(3,345)	(31,250)
At 31 October 25	1,351	3,431	759	5,541
Net book value
At 31 October 25	2,502	37,749	1,665	41,916
At 31 October 24	361	1,063	175	1,599

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	120
Taxation and social security	10,262	66
Other creditors	-	8,500
Total	10,262	8,686


	Included in other creditors is amount of £0 (2024: £8,500) which is due to director.