REGISTERED NUMBER: 12960273 (England and Wales)

HHH Park No. 1 Limited

Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R M A Clarke

J I Doyle

R E Wilde

M Fry

D J Lambert

T J Rix

S J Rix

H J Rix

J E Hughes

D R Hughes-Jones

REGISTERED OFFICE:

2 Humber Quays

Wellington Street West

Hull

HU1 2BN

REGISTERED NUMBER:

12960273 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

3,972,828

2,325,761

CURRENT ASSETS

Stocks

1,038,094

364,526

Debtors

5

167,587

22,377

Cash at bank

52,011

-

1,257,692

386,903

CREDITORS

Amounts falling due within one year

6

2,123,830

900,804

NET CURRENT LIABILITIES

(866,138

)

(513,901

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,106,690

1,811,860

CREDITORS

Amounts falling due after more than one year

7

3,643,347

2,273,968

NET LIABILITIES

(536,657

)

(462,108

)

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

(536,857

)

(462,308

)

SHAREHOLDERS' FUNDS

(536,657

)

(462,108

)

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 20 July 2026 and were signed on its behalf by:

T J Rix - Director

R E Wilde - Director

1.	STATUTORY INFORMATION

HHH Park No. 1 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policy adopted for the recognition of turnover is as follows:

Turnover from the sale of lodges is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life less the residual value of the asset or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold buildings

Nil

Lodges

3 to 7 years straight line

Infrastructure & buildings

50 years straight line

Plant & machinery

5 to 7 years straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Current or deferred 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The accounts have been prepared on the going concern basis because of the continuing support of the parent company.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

2,325,761

-

2,325,761

Additions

1,624,840

110,492

1,735,332

At 31 December 2025

3,950,601

110,492

4,061,093

DEPRECIATION

Charge for year

79,950

8,315

88,265

At 31 December 2025

79,950

8,315

88,265

NET BOOK VALUE

At 31 December 2025

3,870,651

102,177

3,972,828

At 31 December 2024

2,325,761

-

2,325,761

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Other debtors

167,587

22,377

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Bank loans and overdrafts

200,000

65

Trade creditors

366

70,650

Amounts owed to group undertakings

1,340,539

-

Taxation and social security

-

105

Other creditors

582,925

829,984

2,123,830

900,804

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

(Unaudited)

£

£

Bank loans

1,424,929

-

Amounts owed to group undertakings

2,218,418

-

Other creditors

-

2,273,968

3,643,347

2,273,968

Since the year end, the company agreed an increase of £200,000 to its existing loan facility with a group undertaking.

8.	SECURED DEBTS

Included within creditors are liabilities of £1,624,929 which are secured by fixed and floating charges on all of the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

136

A Ordinary

1

136

136

64

B Ordinary

1

64

64

200

200

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

Our audit opinion on the financial statements for the period ended 31st December 2025 has been qualified due to a lack of evidence for the opening balances.

For the year ended 31 December 2024, the company was exempt from audit and consequently, we do not have sufficient and appropriate evidence for the opening balances at the 1st January 2025. We are not, therefore, able to determine if any adjustment to this amount was necessary or whether there was any consequential effect on the income statement for the year ended 31st December 2025.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Michael Stocks FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

11.	CONTINGENT LIABILITIES

The company is party to an unlimited debenture, omnibus guarantee and set-off agreement in favour of Lloyds Banking Group in respect of group borrowings. The potential liability under this agreement amounted to £52,497,022 (2024: £NIL).

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end, there were directors loans with a creditor balance totalling £352,384 (2024: £291,268), no interest has been accumulated or paid by the company on the balance of these loans.

At the year end, there were related party loans with a creditor balance of £195,280 (2024: £119,257), no interest has been accumulated or paid on the balance of this loan.

13.	ULTIMATE CONTROLLING PARTY

The parent company of the group of undertakings for which group consolidated financial statements are drawn up and of which the company is member is J . R. Rix & Sons Limited, registered in England and Wales.

J. R. Rix & Sons Limited is also the the company's ultimate parent undertaking and its registered office is 2 Humber Quays, Wellington Street West, Hull, HU1 2BN. Copies of J. R . Rix & Sons Limited's financial statements can be obtained from Companies House.

J. R. Rix & Sons Limited has no ultimate controlling party.