Company No: 01635728 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	16,310		12,274
Investment property	4	1,552,402		1,544,848
Investments	5	40		40
		1,568,752		1,557,162
Current assets
Debtors	6	21,080		10,479
Cash at bank and in hand		306,745		330,272
		327,825		340,751
Creditors: amounts falling due within one year	7	( 104,278)		( 203,432)
Net current assets		223,547		137,319
Total assets less current liabilities		1,792,299		1,694,481
Provision for liabilities		6,023		7,359
Net assets		1,798,322		1,701,840
Capital and reserves
Called-up share capital		102		102
Profit and loss account		1,798,220		1,701,738
Total shareholders' funds		1,798,322		1,701,840

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of H.L. Smith (Holdings) Limited (registered number: 01635728) were approved and authorised for issue by the Board of Directors on 26 August 2026. They were signed on its behalf by:

E Morse Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

H.L. Smith (Holdings) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, Cornwall, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the fair value of the consideration received from film and television production work in the UK and Europe. Revenue is recognised on a monthly basis once services have been carried out. In addition turnover also includes rents received from residential and commercial property.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Fixtures and fittings	20 % reducing balance
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Tangible assets

	Fixtures and fittings		Office equipment		Total
	£		£		£
Cost
At 01 February 2025	19,281		7,218		26,499
Additions	1,276		6,047		7,323
At 31 January 2026	20,557		13,265		33,822
Accumulated depreciation
At 01 February 2025	7,007		7,218		14,225
Charge for the financial year	2,584		703		3,287
At 31 January 2026	9,591		7,921		17,512
Net book value
At 31 January 2026	10,966		5,344		16,310
At 31 January 2025	12,274		0		12,274

4. Investment property

	Investment property
	£
Valuation
As at 01 February 2025	1,544,848
Additions	24,255
Fair value movement	(16,701)
As at 31 January 2026	1,552,402

5. Fixed asset investments

	2026		2025
	£		£
Participating interests	40		40

Investments in subsidiaries

	2026
	£
Carrying value at 31 January 2026	0
Carrying value at 31 January 2025	0

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.01.2026	Ownership 31.01.2025
H L Smith Securities Limited	57 London Rd, High Wycombe, Buckinghamshire, HP11 1 BS	Property development	Ordinary Shares	40.00%	40.00%

6. Debtors

	2026		2025
	£		£
Trade debtors	10,849		5,975
Other debtors	10,231		4,504
	21,080		10,479

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	2,479		20
Taxation and social security	14,652		5,815
Other creditors	87,147		197,597
	104,278		203,432