HIASH Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06007765

HIASH Limited

Filleted Unaudited Financial Statements

30 November 2025

HIASH Limited

Statement of Financial Position

30 November 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4	162,379	175,216
Investments	5	2	2
		---------	---------
		162,381	175,218

Current assets

Debtors	6	21,999	20,295
Cash at bank and in hand		19,101	16,504
		--------	--------
		41,100	36,799

Creditors: amounts falling due within one year	7	234,688		253,810
		---------		---------
Net current liabilities			193,588	217,011
			---------	---------
Total assets less current liabilities			( 31,207)	( 41,793)

Provisions

Taxation including deferred tax	( 24,048)	( 29,657)
	--------	--------
Net liabilities	( 7,159)	( 12,136)
	--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 7,161)	( 12,138)
	-------	--------
Shareholders deficit	( 7,159)	( 12,136)
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HIASH Limited

Statement of Financial Position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 21 August 2026 , and are signed on behalf of the board by:

Mr R A Jones
Director

Company registration number: 06007765

HIASH Limited

Notes to the Financial Statements

Year ended 30 November 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Picton Lane, Swansea, SA1 4AF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	25% reducing balance

Equipment	-	20% reducing balance
Boat	-	25% reducing balance

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Boat	Total
	£	£	£	£	£	£
Cost
At 1 Dec 2024	119,465	101,414	2,858	94,436	32,406	350,579
Additions	–	1,425	–	–	–	1,425
	---------	---------	-------	--------	--------	---------
At 30 Nov 2025	119,465	102,839	2,858	94,436	32,406	352,004
	---------	---------	-------	--------	--------	---------
Depreciation
At 1 Dec 2024	2,400	84,667	2,381	63,343	22,572	175,363
Charge for the year	300	3,634	95	7,774	2,459	14,262
	---------	---------	-------	--------	--------	---------
At 30 Nov 2025	2,700	88,301	2,476	71,117	25,031	189,625
	---------	---------	-------	--------	--------	---------
Carrying amount
At 30 Nov 2025	116,765	14,538	382	23,319	7,375	162,379
	---------	---------	-------	--------	--------	---------
At 30 Nov 2024	117,065	16,747	477	31,093	9,834	175,216
	---------	---------	-------	--------	--------	---------

5. Investments

	Shares in group undertakings
	£
Cost
At 1 December 2024 and 30 November 2025	2
	----
Impairment
At 1 December 2024 and 30 November 2025	–
	----

Carrying amount
At 30 November 2025	2
	----
At 30 November 2024	2
	----

6. Debtors

	2025	2024
	£	£
Trade debtors	14,862	13,158
Other debtors	7,137	7,137
	--------	--------
	21,999	20,295
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,056	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	21,445	21,326
Social security and other taxes	19,092	12,574
Other creditors	193,095	219,910
	---------	---------
	234,688	253,810
	---------	---------