REGISTERED NUMBER: 11851778 (England and Wales)

Financial Statements

for the Year Ended 28 February 2026

for

HSP Residential Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

S S Popat

REGISTERED OFFICE:

36 Railway Approach

Harrow

Middlesex

HA3 5AA

REGISTERED NUMBER:

11851778 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Investment property

4

2,125,000

2,125,000

CURRENT ASSETS

Debtors

5

530,368

689,842

Cash at bank

33,117

51,075

563,485

740,917

CREDITORS

Amounts falling due within one year

6

(1,630,388

)

(1,299,351

)

NET CURRENT LIABILITIES

(1,066,903

)

(558,434

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,058,097

1,566,566

CREDITORS

Amounts falling due after more than one year

7

(958,295

)

(1,490,448

)

PROVISIONS FOR LIABILITIES

(22,486

)

(22,486

)

NET ASSETS

77,316

53,632

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

76,519

76,519

Retained earnings

697

(22,987

)

SHAREHOLDERS' FUNDS

77,316

53,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 October 2026 and were signed by:

S S Popat - Director

1.	STATUTORY INFORMATION

HSP Residential 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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, modified to include investment property at fair value.

Turnover

Turnover represents rent receivable. Income is recognised over the period of the tenancy agreement.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

and 28 February 2026

2,125,000

NET BOOK VALUE

At 28 February 2026

2,125,000

At 28 February 2025

2,125,000

Fair value at 28 February 2026 is represented by:

£

Valuation in 2023

99,005

Cost

2,025,995

2,125,000

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

2,025,995

2,025,995

Investment property was valued on an open market basis on 28 February 2026 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

530,368

689,842

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

521

210

Other creditors

1,629,867

1,299,141

1,630,388

1,299,351

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

958,295

1,490,448

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

958,295

1,490,448

8.	SECURED DEBTS

Included within other creditors due in more than one year is a mortgage of £532,900 received from Charter Court Financial Services Limited in September 2021. The loan is over a 25 year term and is interest only, fixed at a rate of 2.89% for the first 2 years. Interest will then be calculated at 5.40% plus the Bank of England base rate. The loan is secured on one of the company's investment properties. The loan was settled in September 2025.

Included within other creditors due in more than one year is a mortgage of £519,622 received from Paragon in July 2024. The loan is over a 25 year term and is interest only, fixed at a rate of 5.10% for the first 2 years. Interest will then be calculated at the standard variable rate less a discount of 1.25%. The loan is secured on one of the company's investment properties.

Included within other creditors due in more than one year is a mortgage of £437,500 received from Paragon in October 2024. The loan is over a 25 year term and is interest only, fixed at a rate of 5.70% for the first 5 years. Interest will then be calculated at the standard variable rate less a discount of 1.25%. The loan is secured on one of the company's investment properties.

9.	RELATED PARTY DISCLOSURES

Included within other creditors at the year end is an amount of £1,626,686 (2025: £1,090,961) due to the director S S Popat. This amount has been provided unsecured, interest free and is repayable on demand.

Included within other creditors at the year end is an amount of £nil (2025: £205,000) due to Karuna Care (TLC) Limited, a company in which S S Popat is a director. The loan has been provided unsecured, interest free and is repayable on demand.

Included within other debtors at the year end is an amount of £196,279 (2025: £163,954) due from HSP Chesham Limited, a company in which S S Popat is a director. This amount has been provided unsecured, interest free and is repayable on demand.

Included within other debtors at the year end is an amount of £319,680 (2025: £404,680) due from Popaty EMA Limited, a company in which S S Popat is a director. This amount has been provided unsecured, interest free and is repayable on demand.

Included within other debtors at the year end is an amount of £nil (2025: £110,000) due from Candlewood House Limited, a company in which S S Popat was a director up until 11 October 2024. The loan has been provided unsecured, interest free and is repayable on demand.