HSFX Properties Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 12302373

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	190,333		-
Cash at bank and in hand		7,991		1

		198,324		1
Creditors: Amounts Falling Due Within One Year	5	(200,466 )		-

NET CURRENT ASSETS (LIABILITIES)			(2,142 )		1

TOTAL ASSETS LESS CURRENT LIABILITIES			(2,142 )		1

NET (LIABILITIES)/ASSETS			(2,142 )		1

CAPITAL AND RESERVES
Called up share capital	6		1		1
Profit and Loss Account			(2,143 )		-

SHAREHOLDERS' FUNDS			(2,142)		1

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.

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

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

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr H P Scarlett

Director

27/08/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

HSFX Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12302373 . The registered office is 167-169 Great Portland Street 5th Floor, London, Greater London, England, W1W 5PF.

2. Accounting Policies

2.1. Basis of Preparation of 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.

These financial statements for the year ended 30 November 2025 are the first financial statements of Hsfx Properties Limited prepared in accordance with FRS 102 (Section 1A), The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of adoption to FRS 102 (Section 1A) was 1 December 2024. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting policies adopted are set below.

2.2. Going Concern Disclosure

The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4. Stocks and Work in Progress

Work in progress represents properties acquired for resale, including those undergoing repair, refurbishment, or development prior to disposal, and is classified as inventory until the point of sale. It is measured at cost, which includes the purchase consideration together with directly attributable expenses such as legal fees, stamp duty, professional consultancy charges, refurbishment costs.

The carrying amount of work in progress is recognised as an expense in the period when the related revenue is recorded, generally upon completion of sale. Properties held for an extended period prior to resale are subject to management review to ensure that the carrying value does not exceed the expected recoverable amount, and any impairment identified is charged to the income statement in the period incurred.

2.5. Taxation

Taxation for the year comprises of current tax. Tax is recognised in the Income Statement, except to the extent that it related to items recognised in other comprehensive income or directly in equity.

Current 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 statement of financial position date.

2.6. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.7. Cash and cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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HSFX Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.8. Critical accounting judgements and key sources of estimation uncertainity

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the year in which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the year end.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Stocks

	2025	2024
	£	£
Work in progress	190,333	-

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Accruals and deferred income	500	-
Director's loan account	316	-
Amounts owed to connected undertakings	199,650	-

	200,466	-

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

The nominal value of each share is £1 and as at the year-end, there is 1 Ordinary share in issue.

7. Related Party Transactions

The amount owed to HSFX Limited, a company related via common control and directorship, totalled £199,650 as at the year-end, which is a current liability, interest free and repayable on demand.

As at the year-end, the directors' loan account balance of Mr H P Scarlett (the sole director and shareholder of the company) is £316. This amount is a current liability, interest free and repayable on demand.

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