REGISTERED NUMBER: 09293773 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2025

FOR

HYDROPOOL DEVON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Hayes

Mrs E Hayes

REGISTERED OFFICE:

Unit 4, Oak Tree Business Park

Austin Close

Kingskerswell

Devon

TQ12 5GJ

REGISTERED NUMBER:

09293773 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Barclays Bank Plc

40 Courtenay Street

Newton Abbot

Devon

TQ12 2EA

FIXED ASSETS

Tangible assets

4

857,844

910,169

CURRENT ASSETS

Stocks

5

426,583

454,483

Debtors

6

506,255

630,684

Cash at bank and in hand

284,046

55,454

1,216,884

1,140,621

CREDITORS

Amounts falling due within one year

7

322,002

433,216

NET CURRENT ASSETS

894,882

707,405

TOTAL ASSETS LESS CURRENT LIABILITIES

1,752,726

1,617,574

CREDITORS

Amounts falling due after more than one year

8

(464,866

)

(469,917

)

PROVISIONS FOR LIABILITIES

(24,806

)

(33,580

)

NET ASSETS

1,263,054

1,114,077

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,263,052

1,114,075

SHAREHOLDERS' FUNDS

1,263,054

1,114,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by:

Mrs E Hayes - Director

1.	STATUTORY INFORMATION

Hydropool Devon Ltd 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST

At 30 November 2024

and 29 November 2025

758,619

50,000

26,788

DEPRECIATION

At 30 November 2024

24,156

2,000

15,858

Charge for year

22,759

1,000

2,186

At 29 November 2025

46,915

3,000

18,044

NET BOOK VALUE

At 29 November 2025

711,704

47,000

8,744

At 29 November 2024

734,463

48,000

10,930

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 30 November 2024

and 29 November 2025

65,949

191,738

12,748

1,105,842

DEPRECIATION

At 30 November 2024

15,336

126,899

11,424

195,673

Charge for year

10,122

16,090

168

52,325

At 29 November 2025

25,458

142,989

11,592

247,998

NET BOOK VALUE

At 29 November 2025

40,491

48,749

1,156

857,844

At 29 November 2024

50,613

64,839

1,324

910,169

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 30 November 2024

and 29 November 2025

173,821

DEPRECIATION

At 30 November 2024

111,373

Charge for year

15,612

At 29 November 2025

126,985

NET BOOK VALUE

At 29 November 2025

46,836

At 29 November 2024

62,448

5.

STOCKS

2025

2024

£

£

Stocks

407,380

446,960

Work-in-progress

19,203

7,523

426,583

454,483

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

116,641

246,076

Amounts owed by group undertakings

365,557

379,937

Other debtors

991

877

Directors' current accounts

20,012

-

Prepayments

3,054

3,794

506,255

630,684

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

20,001

41,800

Hire purchase contracts

4,546

26,417

Trade creditors

131,229

124,725

Tax

83,713

29,362

Social security and other taxes

4,639

1,205

VAT

7,277

44,242

Other creditors

66,778

152,800

Directors' current accounts

-

9,957

Accrued expenses

3,819

2,708

322,002

433,216

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

70,000

132,201

Bank loans more 5 yr by instal

394,866

333,664

Hire purchase contracts

-

4,052

464,866

469,917

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

394,866

333,664

9.	OTHER FINANCIAL COMMITMENTS

At 29 November 2025, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £Nil (2024: £17,602).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 November 2025 and 29 November 2024:

2025

2024

£

£

Mrs E Hayes

Balance outstanding at start of year

(2,808

)

422

Amounts advanced

67,137

78,050

Amounts repaid

(54,000

)

(81,280

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,329

(2,808

)

Mr D Hayes

Balance outstanding at start of year

(7,149

)

(18,532

)

Amounts advanced

53,332

40,633

Amounts repaid

(36,500

)

(29,250

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,683

(7,149

)

Loan is made interest free and is repayable on demand.

11.	RELATED PARTY DISCLOSURES

The company is owed £365,557 by Riviera Decking Limited (2024: owed by Riviera Decking £379,937), a company owned and controlled by the Directors.

12.	BOUNCE BACK LOAN

The Company took a bounce back loan guaranteed by the Government. The loan is payable over 6 years with no repayments in the first year. The interest rate is 2.5%.