Company registration number 13694845 (England and Wales)
HBC 2021 LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
HBC 2021 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
HBC 2021 LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
72,543
58,386
Current assets
Debtors
6
183,662
88,994
Cash at bank and in hand
86,219
35,038
269,881
124,032
Creditors: amounts falling due within one year
7
(1,933,722)
(1,348,165)
Net current liabilities
(1,663,841)
(1,224,133)
Total assets less current liabilities
(1,591,298)
(1,165,747)
Creditors: amounts falling due after more than one year
8
(399,785)
(412,215)
Net liabilities
(1,991,083)
(1,577,962)
Capital and reserves
Called up share capital
9
1,000
1,000
Profit and loss reserves
(1,992,083)
(1,578,962)
Total equity
(1,991,083)
(1,577,962)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 August 2026 and are signed on its behalf by:
B Bhundia
Director
Company registration number 13694845 (England and Wales)
HBC 2021 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
Company information

HBC 2021 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1-8 Kensington Gardens Square, London, W2 4BH.

1.1
Reporting period

This period of account covers the year t o 3 0 November 202 5. The prior period of account covers the period from 1 November 2023 to 30 November 2024. They are therefore not directly comparable.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The directors have prepared the financial statements on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements.true

In making this assessment, the directors have taken into account the company’s status as an early-stage care home business that has received Care Quality Commission (CQC) registration and has commenced operations with occupancy levels increasing steadily since opening. The directors have considered current occupancy trends, which demonstrate a gradual but consistent increase in resident numbers, together with forecast further growth in occupancy over the coming period. This improving occupancy profile underpins projected revenue growth and the expectation that the company will move into profitability in the next financial year.

The c ompany continues to be nefit from strong support from a connected company who will provide financial support as necessary in order to meet its liabilities as they fall due.

Based on the above the d irectors believe it remains appropriate to prepare the financial statements on a going concern basis. The financial statements therefore do not include any adjustments that would be required if the c ompany were unable to continue as a going concern.

1.4
Revenue

Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue in respect of the provision of specialist nursing care is recognised as it is provided.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

HBC 2021 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10 years straight line
Fixtures and fittings
4 years straight line
Computers
4 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include 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.

HBC 2021 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

HBC 2021 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
14,000
12,000
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
81
47
HBC 2021 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
5
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 December 2024
13,834
16,664
40,728
71,226
Additions
10,303
23,545
6,798
40,646
Disposals
(8,828)
-
0
-
0
(8,828)
At 30 November 2025
15,309
40,209
47,526
103,044
Depreciation and impairment
At 1 December 2024
714
3,431
8,695
12,840
Depreciation charged in the year
1,924
6,119
10,757
18,800
Eliminated in respect of disposals
(1,139)
-
0
-
0
(1,139)
At 30 November 2025
1,499
9,550
19,452
30,501
Carrying amount
At 30 November 2025
13,810
30,659
28,074
72,543
At 30 November 2024
13,120
13,233
32,033
58,386
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
106,901
11,279
Other debtors
76,761
77,715
183,662
88,994
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
123,369
58,763
Taxation and social security
66,486
21,180
Other creditors
1,743,867
1,268,222
1,933,722
1,348,165
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
399,785
412,215
HBC 2021 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 7 -
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary A shares of £1 each
600
600
600
600
Ordinary B shares of £1 each
400
400
400
400
1,000
1,000
1,000
1,000
10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 November 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Andrew Turner
Statutory Auditor:
Mercer & Hole LLP
Date of audit report:
4 August 2026
11
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Within 1 year
900,071
870,000
Years 2-5
3,600,284
3,480,000
After 5 years
25,352,008
25,375,000
Total commitments
29,852,363
29,725,000
HBC 2021 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 8 -
12
Related party transactions

During the year, Queensgate Healthcare Limited, a company with mutual directors, incurred expenses of £222,818 (2024: £214,988) on behalf of the company. At the year end, the company owed Queensgate Healthcare Limited £437,806 (2024: £214,988). This amount is interest free and repayable on demand.

During the year, the company repaid amounts totalling £166,385 (2024: borrowed £314,844) to HBC 2022 Limited, a company with mutual directors, At the year end, the company owed HBC 2022 Limited £148,459 (2024: £314,844). This amount is interest free and repayable on demand.

At the year end, the company owed Holt Hotel (Oxford) Limited, a company with a mutual director, £510,000 (2024: £510,000). This amount is interest free and repayable on demand.

13
Ultimate controlling party

The company is under the control of one of the directors.

2025-11-30 2024-12-01 false false false 04 August 2026 CCH Software CCH Accounts Production 2026.200 No description of principal activity B Bhundia D Fuller J Fuller A Sharp 13694845 2024-12-01 2025-11-30 13694845 2025-11-30 13694845 core:WithinOneYear 2025-11-30 13694845 core:WithinOneYear 2024-11-30 13694845 2024-11-30 13694845 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 13694845 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 13694845 core:Non-currentFinancialInstruments core:AfterOneYear 2025-11-30 13694845 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 13694845 core:ShareCapital 2025-11-30 13694845 core:ShareCapital 2024-11-30 13694845 core:RetainedEarningsAccumulatedLosses 2025-11-30 13694845 core:RetainedEarningsAccumulatedLosses 2024-11-30 13694845 core:ShareCapitalOrdinaryShareClass1 2025-11-30 13694845 core:ShareCapitalOrdinaryShareClass1 2024-11-30 13694845 core:ShareCapitalOrdinaryShareClass2 2025-11-30 13694845 core:ShareCapitalOrdinaryShareClass2 2024-11-30 13694845 core:ShareCapitalOrdinaryShares 2025-11-30 13694845 core:ShareCapitalOrdinaryShares 2024-11-30 13694845 bus:Director1 2024-12-01 2025-11-30 13694845 core:PlantMachinery 2024-12-01 2025-11-30 13694845 core:FurnitureFittings 2024-12-01 2025-11-30 13694845 core:ComputerEquipment 2024-12-01 2025-11-30 13694845 2023-11-01 2024-11-30 13694845 core:PlantMachinery 2024-11-30 13694845 core:FurnitureFittings 2024-11-30 13694845 core:ComputerEquipment 2024-11-30 13694845 2024-11-30 13694845 core:PlantMachinery 2025-11-30 13694845 core:FurnitureFittings 2025-11-30 13694845 core:ComputerEquipment 2025-11-30 13694845 core:PlantMachinery 2024-11-30 13694845 core:FurnitureFittings 2024-11-30 13694845 core:ComputerEquipment 2024-11-30 13694845 core:CurrentFinancialInstruments 2025-11-30 13694845 core:CurrentFinancialInstruments 2024-11-30 13694845 core:Non-currentFinancialInstruments 2025-11-30 13694845 core:Non-currentFinancialInstruments 2024-11-30 13694845 bus:OrdinaryShareClass1 2024-12-01 2025-11-30 13694845 bus:OrdinaryShareClass2 2024-12-01 2025-11-30 13694845 bus:OrdinaryShareClass1 2025-11-30 13694845 bus:OrdinaryShareClass1 2024-11-30 13694845 bus:OrdinaryShareClass2 2025-11-30 13694845 bus:OrdinaryShareClass2 2024-11-30 13694845 bus:AllOrdinaryShares 2025-11-30 13694845 bus:AllOrdinaryShares 2024-11-30 13694845 core:BetweenTwoFiveYears 2025-11-30 13694845 core:BetweenTwoFiveYears 2024-11-30 13694845 core:MoreThanFiveYears 2025-11-30 13694845 core:MoreThanFiveYears 2024-11-30 13694845 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 13694845 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 13694845 bus:FRS102 2024-12-01 2025-11-30 13694845 bus:Audited 2024-12-01 2025-11-30 13694845 bus:Director2 2024-12-01 2025-11-30 13694845 bus:Director3 2024-12-01 2025-11-30 13694845 bus:Director4 2024-12-01 2025-11-30 13694845 bus:FullAccounts 2024-12-01 2025-11-30 xbrli:pure xbrli:shares iso4217:GBP