ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 08635236

HC OPERATIONS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2026

Chartered Accountants

2nd Floor, Heathmans House

19 Heathmans Road

London

SW6 4TJ

HC OPERATIONS LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HC OPERATIONS LIMITED
FOR THE YEAR ENDED 30 APRIL 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HC OPERATIONS LIMITED for the year ended 30 April 2026 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of HC OPERATIONS LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of HC OPERATIONS LIMITED and state those matters that we have agreed to state to the Board of Directors of HC OPERATIONS LIMITED, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HC OPERATIONS LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that HC OPERATIONS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HC OPERATIONS LIMITED. You consider that HC OPERATIONS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of HC OPERATIONS 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 financial statements.

Haggards Crowther LLP

2nd Floor, Heathmans House

19 Heathmans Road

London

SW6 4TJ

27 October 2026

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HC OPERATIONS LIMITED

REGISTERED NUMBER: 08635236

BALANCE SHEET

AS AT 30 APRIL 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		-		41,551
			-		41,551
Current assets
Debtors: amounts falling due within one year	5	126,844		428,267
Cash at bank and in hand	6	10,439		9,279
		137,283		437,546
Creditors: amounts falling due within one year	7	(8,183)		(377,774)
Net current assets			129,100		59,772
Total assets less current liabilities			129,100		101,323
Creditors: amounts falling due after more than one year	8		-		(1,667)

Net assets			129,100		99,656

Capital and reserves
Called up share capital	1	1
Profit and loss account	129,099	99,655
	129,100	99,656

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income statement 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:

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HC OPERATIONS LIMITED

REGISTERED NUMBER: 08635236

BALANCE SHEET (CONTINUED)

AS AT 30 APRIL 2026

Mr A D D Haggard

Director

Date: 27 October 2026

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HC OPERATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

1.	General information

HC Operations Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number is 08635236 and its registered address is 2nd Floor, Heathmans House, 19 Heathmans Road, London, SW6 4TJ

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

2.2

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.

2.3

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 the income statement when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

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HC OPERATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in the income statement 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 balance sheet date in the countries where the Company operates and generates income.

2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	20%
				Computer equipment	-	33%

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 the income statement.

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2026	2025
	No.	No.

Employees	7	27

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HC OPERATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

4.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£

At 1 May 2025	55,320	103,379	158,699
Additions	747	5,258	6,005
Disposals	(56,067)	(108,637)	(164,704)
At 30 April 2026	-	-	-

At 1 May 2025	44,774	72,375	117,149
Charge for the year on owned assets	1,138	3,277	4,415
Disposals	(45,912)	(75,652)	(121,564)
At 30 April 2026	-	-	-
Net book value
At 30 April 2026	-	-	-
At 30 April 2025	10,546	31,005	41,551

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HC OPERATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

Debtors

					2026	2025
					£	£


Trade debtors	-	250,979
Other debtors	126,844	114,209
Prepayments and accrued income	-	63,079
	126,844	428,267

6.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	10,439	9,279
	10,439	9,279

7.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank loans and overdrafts	-	10,000
Trade creditors	(199)	56,560
Corporation tax	7,555	28,546
Other taxation and social security	827	146,607
Other creditors	-	30,171
Accruals and deferred income	-	105,890
	8,183	377,774

8.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Bank loans	-	1,667
	-	1,667

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HC OPERATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

Amounts falling due within one year
Bank loans	-	10,000
	-	10,000

Amounts falling due 2-5 years
Bank loans	-	1,667
	-	1,667

	-	11,667

During the year the Company repaid a government secured bounce back loan (2015: £11,667).

10.	Reserves
		2026
		£

	Retained earnings
	At 1 May 2025	99,657
	Profit for the year	35,713
	Dividends	-
	At 30 April 2026	135,370

11.	Related party disclosures

During the year the Company invoiced Haggards Crowther LLP, the partnership of which Mr A D D Haggard is a member, £360,569 (2025 - £2,066,974) net of VAT for the supply of staff and administration services, of which £Nil (2025 - £250,979) gross of VAT, was unpaid, at the year end.

There is a loan from the Company to Haggards Crowther LLP of £23,718 (2025 - (£15,094)). The loan is unsecured, interest free and repayable on demand.

There is also a loan from the Company to PGHCH Limited, a company controlled by Mr A D D Haggard, of £103,127 (2025 - £103,127). The loan is unsecured, interest free and repayable on demand.

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