IRIS Accounts Production v26.1.10.61 13985336 Board of Directors Board of Directors 1.4.25 31.3.26 31.3.26 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 13985336 2025-03-31 13985336 2026-03-31 13985336 2025-04-01 2026-03-31 13985336 2024-03-31 13985336 2024-04-01 2025-03-31 13985336 2025-03-31 13985336 ns15:EnglandWales 2025-04-01 2026-03-31 13985336 ns14:PoundSterling 2025-04-01 2026-03-31 13985336 ns10:Director1 2025-04-01 2026-03-31 13985336 ns10:Director2 2025-04-01 2026-03-31 13985336 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 13985336 ns10:SmallEntities 2025-04-01 2026-03-31 13985336 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 13985336 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 13985336 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 13985336 ns10:FullAccounts 2025-04-01 2026-03-31 13985336 ns10:RegisteredOffice 2025-04-01 2026-03-31 13985336 ns5:CurrentFinancialInstruments 2026-03-31 13985336 ns5:CurrentFinancialInstruments 2025-03-31 13985336 ns5:Non-currentFinancialInstruments 2026-03-31 13985336 ns5:Non-currentFinancialInstruments 2025-03-31 13985336 ns5:ShareCapital 2026-03-31 13985336 ns5:ShareCapital 2025-03-31 13985336 ns5:RevaluationReserve 2026-03-31 13985336 ns5:RevaluationReserve 2025-03-31 13985336 ns5:FurtherSpecificReserve3ComponentTotalEquity 2026-03-31 13985336 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 13985336 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 13985336 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 13985336 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 13985336 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 13985336 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2026-03-31 13985336 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2025-03-31

REGISTERED NUMBER: 13985336 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2026 |

| FOR |

| HPD 2 LIMITED |

| HPD 2 LIMITED (REGISTERED NUMBER: 13985336) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| HPD 2 LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2026

| DIRECTORS: | I J Hussain

| M Jakisic

| REGISTERED OFFICE: | Fulford House

| Newbold Terrace

| Leamington Spa

| Warwickshire

| CV32 4EA

| REGISTERED NUMBER: | 13985336 (England and Wales)

| ACCOUNTANTS: | TGFP

| Chartered Accountants

| Fulford House

| Newbold Terrace

| Leamington Spa

| Warwickshire

| CV32 4EA

| HPD 2 LIMITED (REGISTERED NUMBER: 13985336) |

BALANCE SHEET

31 MARCH 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 32,000,000 |  | 32,000,000 |  |

CURRENT ASSETS

Debtors | 5 | 1,063,209 |  | 565,966 |  |

Cash at bank | 188,415 |  | 487,787 |  |

1,251,624 |  | 1,053,753 |  |

CREDITORS

Amounts falling due within one year | 6 | 157,629 |  | 237,656 |  |

NET CURRENT ASSETS | 1,093,995 |  | 816,097 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 33,093,995 |  | 32,816,097 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (19,750,000 | ) | (19,750,000 | ) |

PROVISIONS FOR LIABILITIES | (3,340,540 | ) | (3,340,791 | ) |

NET ASSETS | 10,003,455 |  | 9,725,306 |  |

| HPD 2 LIMITED (REGISTERED NUMBER: 13985336) |

BALANCE SHEET - continued

31 MARCH 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up and paid share capital | 100 |  | 100 |  |

Revaluation reserve | 9 | - |  | 10,021,373 |  |

Fair value reserve | 9 | 10,021,624 |  | - |  |

Retained earnings | (18,269 | ) | (296,167 | ) |

10,003,455 |  | 9,725,306 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 23 July 2026 and were signed on its behalf by:

I J Hussain - Director

M Jakisic - Director

| HPD 2 LIMITED (REGISTERED NUMBER: 13985336) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1. | STATUTORY INFORMATION

| HPD 2 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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

| Turnover relates to the receipt of rental income and is recognised in the period to which it relates. Turnover is measured at the fair value of the consideration received or receivable and there is no VAT on this income.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Investment property is initially recorded at cost and subsequently at fair value, with fair value gains or losses being recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

| Financial instruments

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| 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.

| HPD 2 LIMITED (REGISTERED NUMBER: 13985336) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

2. | ACCOUNTING POLICIES - continued

| 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 14 (2025 - 13 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2025

| and 31 March 2026 | 32,000,000 |  |

| NET BOOK VALUE

| At 31 March 2026 | 32,000,000 |  |

| At 31 March 2025 | 32,000,000 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Amounts owed by group undertakings | 63,704 |  | 55,148 |  |

| Other debtors | 999,505 |  | 510,818 |  |

1,063,209 |  | 565,966 |  |

| HPD 2 LIMITED (REGISTERED NUMBER: 13985336) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Social security and other taxes | 12,662 |  | 15,919 |  |

| Pension | 1,018 |  | 1,712 |  |

| Other creditors | 93,314 |  | 193,330 |  |

| Accruals and deferred income | 50,635 |  | 26,695 |  |

157,629 |  | 237,656 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2026 | 2025 |

£ | £ |

| Bank loans more 5 yrs non-inst | 19,750,000 |  | 19,750,000 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 19,750,000 |  | 19,750,000 |  |

8. | SECURED DEBTS

| The loan is secured by way of a fixed charge over the investment property held by the company.

9. | RESERVES

| The revaluation reserve is a non-distributable reserve relating to fair value gains or losses on the revaluation of the investments property, net of related deferred tax.

10. | RELATED PARTY DISCLOSURES

| The company has taken advantage of the 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 group entities.

| Included in other debtors are amounts owed of £1,1007,320 (2025: £510,818) from companies under the control of the directors.

| Included in other creditors are amounts due of £10,000 (2025: £10,000) due to a company under the control of the director.

| These loans are interest free and repayable on demand.