REGISTERED NUMBER: 04438290 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

HAYSBELL PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H M Soning

J H L Weston

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

BUSINESS ADDRESS:

3rd Floor

3 Mandeville Place

London

W1U 3AW

REGISTERED NUMBER:

04438290 (England and Wales)

ACCOUNTANTS:

mgr Weston Kay LLP

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

BANKERS:

Coutts & Co

St Martin's Office

440 Strand

London

WC2R 0QS

SOLICITORS:

Brecher LLP

4th Floor

64 North Row

London

W1K 7LL

FIXED ASSETS

Investments

3

1

1

Investment property

4

2,900,000

2,900,000

2,900,001

2,900,001

CURRENT ASSETS

Debtors

5

481,981

477,567

Cash at bank

25,119

40,157

507,100

517,724

CREDITORS

Amounts falling due within one year

6

(154,324

)

(167,312

)

NET CURRENT ASSETS

352,776

350,412

TOTAL ASSETS LESS CURRENT LIABILITIES

3,252,777

3,250,413

CREDITORS

Amounts falling due after more than one year

7

(1,430,104

)

(1,477,960

)

PROVISIONS FOR LIABILITIES

9

(30,588

)

(30,469

)

NET ASSETS

1,792,085

1,741,984

CAPITAL AND RESERVES

Called up share capital

10

20

20

Retained earnings

11

1,792,065

1,741,964

SHAREHOLDERS' FUNDS

1,792,085

1,741,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 August 2026 and were signed on its behalf by:

H M Soning - Director

1.	ACCOUNTING POLICIES

Company information

Haysbell Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.

Accounting convention

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents amounts receivable for rent and costs rechargeable.

Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Fixed asset investments

Fixed assets investments are stated at cost less diminution in value.

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.

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.

Basic financial assets

Basic financial assets, which include debtors and 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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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 probably 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 differences 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.

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

1

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2025

and 31 December 2025

2,900,000

NET BOOK VALUE

At 31 December 2025

2,900,000

At 31 December 2024

2,900,000

The valuation of the investment properties were made at 31 December 2025 by the directors of the company on an open market basis. No depreciation is provided in respect of this property.

On a historical basis the property would have been included on the Balance Sheet date at a original cost of £1,968,120 (2024: £1,968,120).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

47,307

51,780

Amounts owed by group undertakings

383,074

360,171

Other debtors

51,600

65,616

481,981

477,567

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts (see note 8)

47,856

47,856

Trade creditors

1,170

5,515

Taxation and social security

21,618

26,052

Other creditors

83,680

87,889

154,324

167,312

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans (see note 8)

1,430,104

1,477,960

The aggregate amount of creditors for which security has been given amounted to £1,484,000 (2024: £1,536,000)

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

£

Amounts falling due within one year or on demand:

Bank loans

47,856

47,856

Amounts falling due between one and two years:

Bank loans - 1-2 years

1,430,104

1,477,960

9.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

30,588

30,469

Deferred

tax

£

Balance at 1 January 2025

30,469

Provided during year

119

Balance at 31 December 2025

30,588

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

20

Ordinary Shares

1

20

20

11.	PROFIT AND LOSS RESERVES

Retained

earnings

£

At 1 January 2025

1,741,964

Profit for the year

50,101

At 31 December 2025

1,792,065

Included within the reserves balance at the end of the year are distributable amounts of £860,186 (2024:

£810,085) and non-distributable amounts of £931,879 (2024: £931,879).

12.	RELATED PARTY TRANSACTIONS

In the prior year, dividends of £5,000 were payable to a director.