REGISTERED NUMBER: 09796905 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

H2 Radnor Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J J D Cryer

S H Greenwood

T J A Huddart

REGISTERED OFFICE:

68 King William Street

London

EC4N 7HR

REGISTERED NUMBER:

09796905 (England and Wales)

AUDITORS:

Anstey Bond LLP

Statutory Auditors &

Chartered Accountants

1-2 Charterhouse Mews

London

EC1M 6BB

FIXED ASSETS

Intangible assets

4

130,479

145,250

Tangible assets

5

23,120

27,391

153,599

172,641

CURRENT ASSETS

Debtors

6

446,892

411,718

Cash at bank

538,972

570,866

985,864

982,584

CREDITORS

Amounts falling due within one year

7

(948,196

)

(659,073

)

NET CURRENT ASSETS

37,668

323,511

TOTAL ASSETS LESS CURRENT LIABILITIES

191,267

496,152

CREDITORS

Amounts falling due after more than one year

8

(166,250

)

(5,834

)

NET ASSETS

25,017

490,318

CAPITAL AND RESERVES

Called up share capital

107,321

107,321

Share premium

129,248

129,248

Other reserves

(455,000

)

-

Retained earnings

243,448

253,749

SHAREHOLDERS' FUNDS

25,017

490,318

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 27 April 2026 and were signed on its behalf by:

J J D Cryer - Director

1.	STATUTORY INFORMATION

H2 Radnor 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.

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.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax and rebates or allowances. The company recognises revenue evenly over the period to which the services relate.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences, including website costs, are being amortised evenly over their estimated useful life of ten years.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

33% Straight Line

Building works

10% Straight Line

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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.

Going concern

The financial statements have been prepared on the going concern basis. The Directors have produced financial projections for the company for the next twelve months and beyond. These projections take into account a sufficient level of working capital in order for the Company to cover its cost base.

Trade and other debtors

Trade and other debtors are recognised initially at fair value. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method, less any impairment losses.

Trade and other creditors

Trade and other creditors payables are recognised initially at fair value. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents are included in the balance sheet at cost. These balances are comprised of cash within bank, cash within hand and short term deposits with a maturity of three months or less.

Share Capital

Ordinary shares are classified as equity.

Incremental costs directly attributable to the issue of new shares are recognised as a deduction from equity, net of any related tax effects.

Where shares are issued at a premium, the excess of the proceeds over the nominal value is credited to the share premium account.

Share Premium

The share premium account represents the excess of consideration received over the nominal value of shares issued.

The share premium account is not distributable except in accordance with the provisions of the Companies Act 2006. It may be applied for purposes permitted by law, including issuing fully paid bonus shares, writing off preliminary expenses, or providing for the premium payable on redemption of shares.

Treasury Shares

Where the company purchases its own equity shares to be held in treasury, the consideration paid, including directly attributable transaction costs, is recognised as a deduction from equity and presented as a separate reserve.

No gain or loss is recognised in profit or loss on the purchase, sale, reissue or cancellation of treasury shares.

Where treasury shares are subsequently sold or reissued, the consideration received is recognised in equity. Any difference between the carrying amount and the consideration received is recognised within retained earnings.

Treasury shares are excluded from the calculation of earnings per share and do not carry voting rights or rights to dividends while held by the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

147,712

AMORTISATION

At 1 January 2025

2,462

Charge for year

14,771

At 31 December 2025

17,233

NET BOOK VALUE

At 31 December 2025

130,479

At 31 December 2024

145,250

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

69,245

Additions

6,357

At 31 December 2025

75,602

DEPRECIATION

At 1 January 2025

41,854

Charge for year

10,628

At 31 December 2025

52,482

NET BOOK VALUE

At 31 December 2025

23,120

At 31 December 2024

27,391

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

246,156

252,266

Other debtors

200,736

159,452

446,892

411,718

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

5,834

10,000

Trade creditors

68,869

80,781

Taxation and social security

364,451

272,578

Other creditors

509,042

295,714

948,196

659,073

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

5,834

Other creditors

166,250

-

166,250

5,834

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Whyke FCA CF (Senior Statutory Auditor)

for and on behalf of Anstey Bond LLP

10.	RELATED PARTY DISCLOSURES

The company has entered into an agreement with H2Glenfern Limited, a company under the common directorship of Mr T Huddart. H2Glenfern Limited has invoiced for services amounting to £279,600 (2024 : £320,906) during the year and included within creditors as at the balance sheet date remains a balance outstanding amounting to £48,000 (2024 : £72,000).

11.	ULTIMATE CONTROLLING PARTY

The Directors are of the opinion that the ultimate controlling party by virtue of their shareholding is Mr Joshua James Dexter Cryer.