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REGISTERED NUMBER: 11688841 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 30 November 2023

for

Harding Property Development Ltd

Harding Property Development Ltd (Registered number: 11688841)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5


Harding Property Development Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: L Harding





REGISTERED OFFICE: 13 Harcourt Gardens
Rainham
ME8 8TG





REGISTERED NUMBER: 11688841 (England and Wales)





ACCOUNTANTS: AH Consultancy (Kent) Limited
59 Bettescombe Road
Gillingham
Kent
ME8 9AY

Harding Property Development Ltd (Registered number: 11688841)

Report of the Director
for the Year Ended 30 November 2023

The director presents his report with the financial statements of the company for the year ended 30 November 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property letting

DIRECTOR
L Harding held office during the whole of the period from 1 December 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





L Harding - Director


28 August 2024

Harding Property Development Ltd (Registered number: 11688841)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 823,679 441,546

CURRENT ASSETS
Debtors 5 230 -
Cash at bank 5,795 15,278
6,025 15,278
CREDITORS
Amounts falling due within one year 6 2,795 3,531
NET CURRENT ASSETS 3,230 11,747
TOTAL ASSETS LESS CURRENT
LIABILITIES

826,909

453,293

CREDITORS
Amounts falling due after more than
one year

7

817,176

443,343
NET ASSETS 9,733 9,950

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 9,732 9,949
SHAREHOLDERS' FUNDS 9,733 9,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Harding Property Development Ltd (Registered number: 11688841)

Balance Sheet - continued
30 November 2023


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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





L Harding - Director


Harding Property Development Ltd (Registered number: 11688841)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Harding Property Development Ltd 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.

Significant judgements and estimates
The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenditures during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Management do not consider that there is a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period.

Going concern
The director has prepared the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Income Statement, 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 balance sheet date.


Harding Property Development Ltd (Registered number: 11688841)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and other short-term highly liquid investments that are readily convertible to a known amount of cash.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are initially measured at fair value, net of transaction costs, and are measured subsequently at at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 441,546
Additions 382,133
At 30 November 2023 823,679
NET BOOK VALUE
At 30 November 2023 823,679
At 30 November 2022 441,546

The director has reviewed the value of the property at the year end and believes the carrying value is equal to the market value at the balance sheet date.

Harding Property Development Ltd (Registered number: 11688841)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 230 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 183 1,720
Other creditors 2,612 1,811
2,795 3,531

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 590,960 297,230
Other creditors 226,216 146,113
817,176 443,343

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years 590,960 297,230

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 590,960 297,230

The bank loans are secured by the way of a fixed charge over the assets of the company.

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary 1 1 1