HKIP High Yield No.5 Ltd

	Page
Company Information	1
Directors' Report	2
Accountant's Report	3
Profit and Loss Account	4
Balance Sheet	5
Notes to the Financial Statements	6—7

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Company No. SC714981

Directors' Report For The Year Ended 31 March 2026

Directors' Report

The directors present their report and the financial statements for the year ended 31 March 2026.

Directors

The directors who held office during the year were as follows:

S G Kelly

J A Dunn

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

S G Kelly

Director

14/08/2026

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HKIP High Yield No.5 Ltd

Accountant's Report

For The Year Ended 31 March 2026

Accountant's Report

Report to the directors on the preparation of the unaudited statutory accounts of HKIP High Yield No.5 Ltd for the year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of HKIP High Yield No.5 Ltd for the year ended 31 March 2026 which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company's accounting records and from information and explanations you have given to us.

As a practising member of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts.

This report is made solely to the directors of HKIP High Yield No.5 Ltd , as a body, in accordance with the terms of our engagement letter dated 15 January 2025. Our work has been undertaken solely to prepare for your approval the accounts of HKIP High Yield No.5 Ltd and state those matters that we have agreed to state to the directors of HKIP High Yield No.5 Ltd , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HKIP High Yield No.5 Ltd and its directors, as a body, for our work or for this report.

It is your duty to ensure that HKIP High Yield No.5 Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of HKIP High Yield No.5 Ltd . You consider that HKIP High Yield No.5 Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of HKIP High Yield No.5 Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

14/08/2026

The Kelvin Partnership

Chartered Accountants

The Cooper Building

505 Great Western Road

Glasgow

G12 8HN

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HKIP High Yield No.5 Ltd

Profit and Loss Account

For The Year Ended 31 March 2026

Profit and Loss Account

		2026	2025
	Notes	£	£
TURNOVER		43,666	17,027

GROSS PROFIT		43,666	17,027

Administrative expenses		(54,419 )	(21,958 )
Other operating income		80	18,828

OPERATING (LOSS)/PROFIT		(10,673 )	13,897
Interest payable and similar charges		(94 )	(9 )

(LOSS)/PROFIT BEFORE TAXATION		(10,767 )	13,888
Tax on (Loss)/profit		-	-

(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR		(10,767 )	13,888

The notes on pages 6 to 7 form part of these financial statements.

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HKIP High Yield No.5 Ltd

Balance Sheet

As At 31 March 2026

Balance Sheet

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		1,893,049		-

			1,893,049		-
CURRENT ASSETS
Debtors	5	93		562
Cash at bank and in hand		7,334		2,374

		7,427		2,936
Creditors: Amounts Falling Due Within One Year	6	(1,910,467 )		(2,160 )

NET CURRENT ASSETS (LIABILITIES)			(1,903,040 )		776

TOTAL ASSETS LESS CURRENT LIABILITIES			(9,991 )		776

NET (LIABILITIES)/ASSETS			(9,991 )		776

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			(9,993 )		774

SHAREHOLDERS' FUNDS			(9,991)		776

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge 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.

On behalf of the board

S G Kelly

Director

14/08/2026

The notes on pages 6 to 7 form part of these financial statements.

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HKIP High Yield No.5 Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

HKIP High Yield No.5 Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC714981 . The registered office is Mercantile Buildings 53 Bothwell Street, Suite 10, Glasgow, G2 6TS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Investments

	Joint Ventures
	£
Cost or Valuation
As at 1 April 2025	-
Additions	1,893,049

As at 31 March 2026	1,893,049

...CONTINUED

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HKIP High Yield No.5 Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	1,893,049

As at 1 April 2025	-

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	93	562

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	-	660
Other creditors	1,910,467	1,500

	1,910,467	2,160

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

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