Registration number: 04613024

HEC Property Services Limited

trading as Minster Cleaning Services

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

HEC Property Services Limited

trading as Minster Cleaning Services

Company Information

Directors

Mr Edward James Franklin Lofthouse Mr Charles Philip Lofthouse

Registered office

824 Attercliffe Road Sheffield S9 3RS

Accountants

Upton & Co Accountants Limited Chartered Certified Accountants182 Pontefract Road Cudworth Barnsley South Yorkshire S72 8BE

HEC Property Services Limited

trading as Minster Cleaning Services

(Registration number: 04613024)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	17,500	22,750
Tangible assets	5	78,849	104,592
		96,349	127,342
Current assets
Stocks	6	7,500	7,500
Debtors	7	360,991	426,976
Cash at bank and in hand		279,265	191,111
		647,756	625,587
Creditors: Amounts falling due within one year	8	(510,105)	(493,645)
Net current assets		137,651	131,942
Total assets less current liabilities		234,000	259,284
Creditors: Amounts falling due after more than one year	8	-	(8,953)
Net assets		234,000	250,331
Capital and reserves
Called up share capital	9	183	183
Retained earnings		233,817	250,148
Shareholders' funds		234,000	250,331

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 July 2026 and signed on its behalf by:
 

HEC Property Services Limited

trading as Minster Cleaning Services

(Registration number: 04613024)
Balance Sheet as at 31 March 2026

......................................... Mr Edward James Franklin Lofthouse Director

HEC Property Services Limited

trading as Minster Cleaning Services

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
824 Attercliffe Road
Sheffield
S9 3RS

These financial statements were authorised for issue by the Board on 22 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

HEC Property Services Limited

trading as Minster Cleaning Services

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	25% Reducing Balance Basis
Plant & Machinery	15% Reducing Balance Basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% Straight Line Basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

HEC Property Services Limited

trading as Minster Cleaning Services

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

HEC Property Services Limited

trading as Minster Cleaning Services

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 246 (2025 - 190).

HEC Property Services Limited

trading as Minster Cleaning Services

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2025	385,000	385,000
At 31 March 2026	385,000	385,000
Amortisation
At 1 April 2025	362,250	362,250
Amortisation charge	5,250	5,250
At 31 March 2026	367,500	367,500
Carrying amount
At 31 March 2026	17,500	17,500
At 31 March 2025	22,750	22,750

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 April 2025	7,239	105,490	3,568	139,049
Additions	1,510	-	2,121	-
At 31 March 2026	8,749	105,490	5,689	139,049
Depreciation
At 1 April 2025	1,497	74,368	630	74,259
Charge for the year	1,750	7,780	1,138	18,706
At 31 March 2026	3,247	82,148	1,768	92,965
Carrying amount
At 31 March 2026	5,502	23,342	3,921	46,084
At 31 March 2025	5,742	31,122	2,938	64,790

HEC Property Services Limited

trading as Minster Cleaning Services

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

	Total £
Cost or valuation
At 1 April 2025	255,346
Additions	3,631
At 31 March 2026	258,977
Depreciation
At 1 April 2025	150,754
Charge for the year	29,374
At 31 March 2026	180,128
Carrying amount
At 31 March 2026	78,849
At 31 March 2025	104,592

HEC Property Services Limited

trading as Minster Cleaning Services

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6

Stocks

	2026 £	2025 £
Other inventories	7,500	7,500

7

Debtors

	2026 £	2025 £
Trade debtors	359,727	416,743
Other debtors	24	493
Prepayments	1,240	9,740
	360,991	426,976

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	8,953	10,744
Trade creditors		98,735	87,776
Taxation and social security		326,100	332,042
Accruals and deferred income		2,400	3,480
Other creditors		73,917	59,603
		510,105	493,645

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	-	8,953

9	Share capital

Allotted, called up and fully paid shares

HEC Property Services Limited

trading as Minster Cleaning Services

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	183	183	183	183

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Hire purchase contracts	-	8,953

Current loans and borrowings

	2026 £	2025 £
Hire purchase contracts	8,953	10,744

11

Dividends

Interim dividends paid

		2026 £		2025 £
Interim dividend of £1,639.46 (2025 - £3,593.10) per each Ordinary		300,021		657,537

12	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2026 £	2025 £
Remuneration	19,445	13,698
Contributions paid to money purchase schemes	12,000	18,000
	31,445	31,698