Registration number: 09346151 (England & Wales)

Hawke Ridge Business Park Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Hawke Ridge Business Park Limited

Company Information

Directors

K A Holdoway L I Holdoway W J Holdoway

Company secretary

L I Holdoway

Registered office

6 Kingsmead Square Bath BA1 2AB

Auditors

Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Hawke Ridge Business Park Limited

(Registration number: 09346151)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Current assets
Stocks	6	3,110,023	3,155,704
Debtors	7	127	-
Cash at bank and in hand		21,941	403
		3,132,091	3,156,107
Creditors: Amounts falling due within one year	8	(3,406,079)	(3,365,810)
Net liabilities		(273,988)	(209,703)
Capital and reserves
Called up share capital	9	1	1
Profit and loss account		(273,989)	(209,704)
Total equity		(273,988)	(209,703)

 

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 October 2026 and signed on its behalf by:
 

L I Holdoway
Company secretary and director

Hawke Ridge Business Park Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

1

General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
6 Kingsmead Square
Bath
BA1 2AB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis having received a letter of support from the immediate parent company, HPH Limited.The letter of support indicates that HPH Limited will continue to provide sufficient funds to enable the company to meet all of its financial obligations as they fall due for the foreseeable future, a period of at least 12 months post signing of the financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

The company holds land and associated development expenditure stock for future development and sale. The directors have exercised significant judgement in assessing that the carrying value of development land and development costs is recoverable through the future sale. In making this assessment, the directors considered the status of the developments, expected selling price, anticipated development costs, planning considerations and current market conditions. Based on this assessment, the directors concluded that the carrying value of development land and work in progress at the reporting date was appropriate.

Hawke Ridge Business Park Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Rental income is recognised on a straight-line basis when the company's right to receive payment is established and it is probable that the economic benefits associated with the transaction will flow to the company.

Revenue from the sale of properties is recognised when control of the property has transferred to the purchaser, which is generally when legal completion has taken place. Revenue is measured at the fair value of consideration receivable, net of any incentives or discounts granted. The related cost of sales is recognised in the same period as the associated revenue.

Turnover represents the fair value of consideration received or receivable in the ordinary course of the company's activities and is stated net of value added tax.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Development costs

Development costs on properties held for future sale are stated at cost and included in stock. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be ready for sale.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
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 on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Hawke Ridge Business Park Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2025 - 0).

4

Taxation

Tax charged in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	-	980

5

Investments

The company is a member of Hawke Ridge Business Park Management Limited, a company limited by guarantee. The company holds 75% of the voting rights and, in the event of a winding up, its liability is limited to £1. Accordingly, no investment is recognised in the financial statements.

6

Stocks

	2026 £	2025 £
Development costs on properties held for future sale	3,110,023	3,155,704

Hawke Ridge Business Park Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

7

Debtors

	2026 £	2025 £
Other debtors	127	-
	127	-

8

Creditors

	2026 £	2025 £
Due within one year
Trade creditors	1,530	4,223
Amounts due to group undertakings	3,253,438	3,360,607
Taxation and social security	-	980
Accruals and deferred income	151,111	-
	3,406,079	3,365,810

Amounts owed to group undertakings are unsecured, do not bear interest and have no fixed date for payment.

HPH Limited continues to fund the Hawke Ridge Business Park development.

9

Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary share capital of £1 each	1	1	1	1

Each ordinary share carries one vote and ranks pari passu for dividend distributions and for any distributions arising on a winding up.

10

Parent and ultimate parent undertaking

The company's immediate parent is HPH Limited, incorporated in the United Kingdom.

The ultimate parent is HPH Holdings Limited, incorporated in the United Kingdom.

The ultimate controlling party is L I Holdoway.

11

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 13 October 2026 was Rebecca Copping, who signed for and on behalf of Hazlewoods LLP.