Company No: 08154241 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Investment property	3	1,001,000		1,001,000
		1,001,000		1,001,000
Current assets
Cash at bank and in hand		43,623		78,942
		43,623		78,942
Creditors: amounts falling due within one year	4	( 197,682)		( 288,237)
Net current liabilities		(154,059)		(209,295)
Total assets less current liabilities		846,941		791,705
Provision for liabilities		( 47,550)		( 47,550)
Net assets		799,391		744,155
Capital and reserves
Called-up share capital	5	75		75
Capital redemption reserve		25		25
Profit and loss account		799,291		744,055
Total shareholders' funds		799,391		744,155

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of HSP Buildings Limited (registered number: 08154241) were approved and authorised for issue by the Board of Directors on 10 August 2026. They were signed on its behalf by:

Mr P C Sutton Director		Mr J M Capel Director
Mr S R Heaver Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

HSP Buildings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Business Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents rental income due and the company's share of the partnership profit for the period.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset.

Fair value movements on investment properties are recognised in the profit and loss account under the heading fair value movement on investment properties.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	1,001,000
As at 31 March 2026	1,001,000

The value of the investment properties was confirmed by the director at year end. No independent valuation has been carried out. The class of assets has a current value of £1,001,000 (2025: £1,001,000) and a carrying amount at historical cost of £763,134 (2025: £763,134). There has been no depreciation charged on the historical cost.

4. Creditors: amounts falling due within one year

	2026		2025
	£		£
Amounts owed to directors	178,800		268,800
Accruals	3,000		2,944
Other creditors	15,882		16,493
	197,682		288,237

5. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
2,500 Ordinary A shares of £ 0.01 each	25		25
2,500 Ordinary B shares of £ 0.01 each	25		25
2,500 Ordinary C shares of £ 0.01 each	25		25
	75		75

6. Distributable Reserves

Included within the profit and loss reserve is £237,866 (2025: £237,866) of non-distributable reserves in respect of revaluation gains on investment property.