Company Registration No. 05027719 (England and Wales)
HSS TRADING LIMITED
(TRADING AS HOUSING SOFTWARE)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
HSS TRADING LIMITED
(TRADING AS HOUSING SOFTWARE)
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
HSS TRADING LIMITED
(TRADING AS HOUSING SOFTWARE)
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
25,505
29,540
Investments
6
250,000
250,000
275,505
279,540
Current assets
Debtors
7
1,238,656
1,301,132
Cash at bank and in hand
368,696
565,826
1,607,352
1,866,958
Creditors: amounts falling due within one year
8
(1,023,950)
(1,306,391)
Net current assets
583,402
560,567
Total assets less current liabilities
858,907
840,107
Creditors: amounts falling due after more than one year
9
(6,667)
(116,667)
Net assets
852,240
723,440
Capital and reserves
Called up share capital
10
2,000
2,000
Profit and loss reserves
850,240
721,440
Total equity
852,240
723,440

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

HSS TRADING LIMITED
(TRADING AS HOUSING SOFTWARE)
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 7 July 2026 and are signed on its behalf by:
P Flowers
Managing Director
Company Registration No. 05027719
HSS TRADING LIMITED
(TRADING AS HOUSING SOFTWARE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

HSS Trading Limited is a private company limited by shares incorporated in England and Wales. The registered office is Three Kings, 23 Commonside East, Mitcham, Surrey, CR4 2QA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% on cost
Fixtures, fittings & equipment
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

HSS TRADING LIMITED
(TRADING AS HOUSING SOFTWARE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial assets

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

1.6
Financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

HSS TRADING LIMITED
(TRADING AS HOUSING SOFTWARE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

1.10
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.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
12,794
20,711
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
30
30
4
Interest receivable and similar income
2025
2024
£
£
Other interest receivable and similar income
13,206
14,482
HSS TRADING LIMITED
(TRADING AS HOUSING SOFTWARE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2025
117,559
104,320
221,879
Additions
-
0
8,759
8,759
At 31 December 2025
117,559
113,079
230,638
Depreciation and impairment
At 1 January 2025
107,533
84,806
192,339
Depreciation charged in the year
2,425
10,369
12,794
At 31 December 2025
109,958
95,175
205,133
Carrying amount
At 31 December 2025
7,601
17,904
25,505
At 31 December 2024
10,026
19,514
29,540
6
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
250,000
250,000

The company has not designated any financial assets that are not classified as financial assets at fair value through profit or loss.

7
Debtors
Due within one year
Due after one year
2025
2024
2025
2024
£
£
£
£
Trade debtors
709,051
833,416
-
-
Corporation tax recoverable
62,945
43,776
-
-
Amounts due from Holding company
-
-
289,944
263,819
Other debtors
176,716
161,818
-
0
-
0
948,712
1,039,010
289,944
263,819
HSS TRADING LIMITED
(TRADING AS HOUSING SOFTWARE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
47,433
Trade creditors
6,768
16,170
Taxation and social security
305,598
337,567
Other creditors
711,584
905,221
1,023,950
1,306,391
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
6,667
116,667
10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
2,000
2,000
2,000
2,000
11
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Operating leases
259,720
280,720
12
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

HSS TRADING LIMITED
(TRADING AS HOUSING SOFTWARE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
12
Related party transactions
(Continued)
- 8 -

Rosetrax Limited owns a 41.66% interest in M3 Housing Limited, a joint venture company, in which the directors Julie Kimuli, Paul Flowers and Ben Virgo are also directors. The majority of the turnover in HSS Trading Limited is invoiced through M3 Housing Limited to the end customer. The share of revenue relating to HSS Trading Limited from this source during the year was £1,715,206 (2024 - £1,774,807). The amount receivable from M3 Housing Limited at the balance sheet date is £475,957 (2024- £519,475).

At the balance sheet date, there is a loan outstanding to M3 Housing Limited of £Nil (2024- £102,953).

The parent company is Rosetrax Limited. During the year, total dividends of £210,000 (2024 - £170,000) were paid to Rosetrax Limited. Included in other debtors is £2 89,944 (20 2 4- £263,819) due from Rosetrax Limited.

The company entered a 20-year lease agreement on 1 February 2014 with Rosetrax Limited, the parent company. Total rent paid to Rosetrax Limited during the year amounted to £26,6 40 (2024 - £2 6,640).

13
Directors' transactions

At the balance sheet date, the director's loan account was overdrawn by £1 49,780 (202 4 - £136,503 )

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