ACCOUNTS - Final Accounts preparation

Registered number: 15902147

	FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 AUGUST 2025

	HF PEST & BIRD ENVIRONMENTAL LTD


HF PEST & BIRD ENVIRONMENTAL LTD REGISTERED NUMBER:15902147

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

		2025
Note		£000

Fixed assets
Intangible assets	4		1,186
Tangible assets	5		3
Debtors: amounts falling due within one year	6	670
Cash at bank and in hand		35
		705
Creditors: amounts falling due within one year	7	(2,025)
Net current (liabilities)/assets			(1,320)
Total assets less current liabilities			(131)

Net (liabilities)/assets			(131)

Capital and reserves
Called up share capital			-
Profit and loss account			(131)
			(131)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

R Launois

Director

Date: 18 September 2026

The notes on pages 2 to 7 form part of these financial statements.

Page 1


HF PEST & BIRD ENVIRONMENTAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2025

1.	General information

HF Pest & Bird Environmental Ltd 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 principal place of business is the same as the registered office and is disclosed on the Company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 have been prepared for the period from the date of incorporation on 16 August 2024 to 31 August 2025. Accordingly, the reporting period is longer than 12 months. This reflects the Company’s first accounting period following incorporation.

The following principal accounting policies have been applied:

2.2

Going concern

The Directors have, at the time of approving the financial statements, a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. In reaching this conclusion, the Directors have considered the Company's position within the wider PCP Group and the continued financial and operational support available from fellow group undertakings, where required, for the foreseeable future. Accordingly, the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 2


HF PEST & BIRD ENVIRONMENTAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Goodwill

years

Page 3


HF PEST & BIRD ENVIRONMENTAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks.

Employees

The average monthly number of employees, including directors, during the period was 24.

4.	Intangible assets

		Goodwill
		£000
	Cost
	Additions	1,270
	At 31 August 2025	1,270
	Amortisation
	Amortisation charge for the period	84
	At 31 August 2025	84
	Net book value
	At 31 August 2025	1,186

Page 4


HF PEST & BIRD ENVIRONMENTAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2025

4.Intangible assets (continued)

5.	Tangible fixed assets

		Office equipment
		£000
	Cost or valuation
	Additions	3
	At 31 August 2025	3

	Net book value
	At 31 August 2025	3

Page 5


HF PEST & BIRD ENVIRONMENTAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2025

Debtors

					2025
					£000


	Trade debtors	617
	Prepayments and accrued income	53
		670

7.	Creditors: Amounts falling due within one year
		2025
		£000

	Trade creditors	162
	Amounts owed to group undertakings	1,744
	Other taxation and social security	44
	Other creditors	1
	Accruals and deferred income	74
		2,025

8.	Share capital
		2025
		£000

		Allotted, called up and fully paid

		1 Ordinary Share Capital share of £1.00	-

9.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,100. Contributions totalling £1,941 were payable to the fund at the reporting date and are included in creditors.

Page 6


HF PEST & BIRD ENVIRONMENTAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2025

10.	Commitments under operating leases
	At 31 August 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		2025
		£000

	Not later than 1 year	77
	Later than 1 year and not later than 5 years	27
		104

11.	Related party transactions
	The Company has taken advantage of the exemptions provided by section 33.1A that disclosures need not be given of transactions that have taken place between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

12.	Ultimate parent undertaking and controlling party

The Company’s immediate parent undertaking is Pest Control Partnership (UK) Limited, a company incorporated in the United Kingdom.

The largest and smallest group of undertakings for which the group accounts have been drawn up is that headed by Project Step TopCo Limited. The address of their registered office is: The Jj Mack Building, 33 Charterhouse Street, London, EC1M 6HA.

The controlling party is considered to be Partners Group Step Holdco S.à.r.l. by virtue of their shareholding.

13.	Auditor's information

The auditor's report on the financial statements for the period ended 31 August 2025 was unqualified.

The audit report was signed on 18 September 2026 by Miriam Hanley (Senior statutory auditor) on behalf of Menzies LLP.

Page 7