Hawksworth Retail Asset Management Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—5

Report to the directors on the preparation of the unaudited statutory accounts of Hawksworth Retail Asset Management Limited for the year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Hawksworth Retail Asset Management Limited for the year ended 31 December 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company's accounting records and from information and explanations you have given to us.

As a practising member of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the directors of Hawksworth Retail Asset Management Limited , as a body, in accordance with the terms of our engagement letter dated 13 July 2023. Our work has been undertaken solely to prepare for your approval the accounts of Hawksworth Retail Asset Management Limited and state those matters that we have agreed to state to the directors of Hawksworth Retail Asset Management Limited , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hawksworth Retail Asset Management Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Hawksworth Retail Asset Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Hawksworth Retail Asset Management Limited . You consider that Hawksworth Retail Asset Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Hawksworth Retail Asset Management Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

14 September 2026

Glen Drummond Ltd

Chartered Accountants

Argyll House

Quarrywood Court

Livingston

EH54 6AX

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Hawksworth Retail Asset Management Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: SC390738

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		963		1,484

			963		1,484
CURRENT ASSETS
Debtors	5	32,105		38,934
Cash at bank and in hand		720,595		534,993

		752,700		573,927
Creditors: Amounts Falling Due Within One Year	6	(169,191 )		(137,857 )

NET CURRENT ASSETS (LIABILITIES)			583,509		436,070

TOTAL ASSETS LESS CURRENT LIABILITIES			584,472		437,554

PROVISIONS FOR LIABILITIES
Deferred Taxation			(242 )		(371 )

NET ASSETS			584,230		437,183

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			584,229		437,182

SHAREHOLDERS' FUNDS			584,230		437,183

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Hawksworth Retail Asset Management Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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 M Holt

Director

14 September 2026

The notes on pages 4 to 5 form part of these financial statements.

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Hawksworth Retail Asset Management Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Hawksworth Retail Asset Management Limited is a private company, limited by shares, incorporated in Scotland, registered number SC390738 . The registered office is Argyll House, Quarrywood Court, Livingston, West Lothian, EH54 6AX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% straight line
Computer Equipment	20% straight line

2.5. Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Hawksworth Retail Asset Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	1,066	1,541	2,607

As at 31 December 2025	1,066	1,541	2,607

Depreciation
As at 1 January 2025	640	483	1,123
Provided during the period	213	308	521

As at 31 December 2025	853	791	1,644

Net Book Value
As at 31 December 2025	213	750	963

As at 1 January 2025	426	1,058	1,484

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	30,726	37,659
Other debtors	1,379	1,275

	32,105	38,934

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to participating interests	65,739	65,739
Other creditors	34,209	28,275
Taxation and social security	69,243	43,843

	169,191	137,857

7. Share Capital

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

8. Related Party Disclosures

The company operates a loan account with the director, Mr M Holt.

During the year, the director advanced loans totalling £5,934 to the company. At the year end, the balance due to the director was £34,209 (2024 - £28,275). This loan is unsecured, interest free and has no fixed repayment terms.

The company operates a loan account with the parent company, Hawksworth Retail Group Limited.

During the year, dividends totalling £59,500 were declared and paid to the parent company. At the year end, the balance due to the parent company was £65,739 (2024 - £65,739). This loan is unsecured, interest free and has no fixed repayment terms.

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