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Registered number: 11119215
Honey Asset Finance Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 11119215
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 349,757 349,928
349,757 349,928
CURRENT ASSETS
Debtors 5 226,424 131,016
Cash at bank and in hand 109,570 49,483
335,994 180,499
Creditors: Amounts Falling Due Within One Year 6 (135,256 ) (108,141 )
NET CURRENT ASSETS (LIABILITIES) 200,738 72,358
TOTAL ASSETS LESS CURRENT LIABILITIES 550,495 422,286
Creditors: Amounts Falling Due After More Than One Year 7 (144,516 ) (47,267 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,328 ) (13,645 )
NET ASSETS 394,651 361,374
CAPITAL AND RESERVES
Called up share capital 9 1,500 1,500
Share premium account 80,500 80,500
Revaluation reserve 11 107,753 107,753
Profit and Loss Account 204,898 171,621
SHAREHOLDERS' FUNDS 394,651 361,374
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 C Small
Director
22 September 2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Honey Asset Finance Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 11119215 . The registered office is 18 Buttermarket, Poundbury, Dorchester, DT1 3AZ.
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. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. 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:
Freehold 50 years straight line
Plant & Machinery 10% reducing balance
Motor Vehicles 15% reducing balance
Fixtures & Fittings 4 years straight line
Computer Equipment 4 years straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Financial Instruments
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.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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Page 4
2.6. 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.
2.7. Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 6)
4 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2025 150,000 70,000 176,325 27,400
Additions - - 58,989 1,400
Disposals - - (55,296 ) -
As at 31 December 2025 150,000 70,000 180,018 28,800
Depreciation
As at 1 January 2025 3,000 6,648 52,449 15,019
Provided during the period 1,652 2,165 12,175 3,272
Disposals - - (12,585 ) -
As at 31 December 2025 4,652 8,813 52,039 18,291
Net Book Value
As at 31 December 2025 145,348 61,187 127,979 10,509
As at 1 January 2025 147,000 63,352 123,876 12,381
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 1 January 2025 13,810 437,535
Additions 3,008 63,397
Disposals - (55,296 )
As at 31 December 2025 16,818 445,636
Depreciation
As at 1 January 2025 10,491 87,607
Provided during the period 1,593 20,857
Disposals - (12,585 )
As at 31 December 2025 12,084 95,879
Net Book Value
As at 31 December 2025 4,734 349,757
As at 1 January 2025 3,319 349,928
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost 82,598 38,000 180,018 28,800
Accumulated depreciation and impairment 6,612 18,528 58,675 18,291
Carrying amount 75,986 19,472 121,343 10,509
Computer Equipment Total
£ £
Cost 16,818 346,234
Accumulated depreciation and impairment 12,084 114,190
Carrying amount 4,734 232,044
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Page 6
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 77,063 68,951
Other debtors 149,361 57,503
226,424 126,454
Due after more than one year
Other debtors - 4,562
226,424 131,016
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,258 4,846
Trade creditors 16,184 2,939
Bank loans and overdrafts 5,000 10,000
Other loans 35,212 -
Other creditors 9,342 39,424
Taxation and social security 64,260 50,932
135,256 108,141
Within other creditors are hire purchase liabilites of £7,658 (2024: £4,846) that are secured over the assets to which they relate. 
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 66,835 42,267
Bank loans - 5,000
Other loans 77,681 -
144,516 47,267
Within other creditors are hire purchase liabilites of £65,075 (2024: £42,267) that are secured over the assets to which they relate. 
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,258 4,846
Later than one year and not later than five years 66,835 42,267
72,093 47,113
72,093 47,113
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,500 1,500
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 380 380
Later than one year and not later than five years 285 285
665 665
11. Reserves
Revaluation Reserve
£
As at 1 January 2025 107,753
As at 31 December 2025 107,753
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