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REGISTERED NUMBER: 04069303 (England and Wales)















Harward Properties Limited

Unaudited Financial Statements for the Year Ended 30 September 2024






Harward Properties Limited (Registered number: 04069303)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harward Properties Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: N C Smith
G J Vellam





SECRETARY: G J Vellam





REGISTERED OFFICE: The White House
2 Meadrow
Godalming
Surrey
GU7 3HN





REGISTERED NUMBER: 04069303 (England and Wales)





ACCOUNTANTS: Hughes Waddell
The White House
2 Meadrow
Godalming
Surrey
GU7 3HN

Harward Properties Limited (Registered number: 04069303)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 988 1,234
Investment property 5 953,310 953,310
954,298 954,544

CURRENT ASSETS
Stocks 149,781 149,781
Debtors 6 8,212 19,545
Cash at bank 69,440 55,268
227,433 224,594
CREDITORS
Amounts falling due within one year 7 49,471 46,241
NET CURRENT ASSETS 177,962 178,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,132,260

1,132,897

PROVISIONS FOR LIABILITIES 44,759 111,757
NET ASSETS 1,087,501 1,021,140

CAPITAL AND RESERVES
Called up share capital 153 153
Non distributable reserves 402,268 335,270
Retained earnings 685,080 685,717
SHAREHOLDERS' FUNDS 1,087,501 1,021,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Harward Properties Limited (Registered number: 04069303)

Balance Sheet - continued
30 September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by:





G J Vellam - Director


Harward Properties Limited (Registered number: 04069303)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Harward Properties 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Investment property
In accordance with FRS 102, no depreciation is provided in respect of the company's freehold investment properties. This treatment may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot reasonably be separately identified or quantified.

Completed investment properties are valued at the directors' assessment of fair value. The directors have made the normal deductions for hypothetical purchasers' costs in arriving at their valuation. Any surpluses or deficits arising are reflected in unrealised capital reserves. Buildings under construction are valued at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Harward Properties Limited (Registered number: 04069303)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Other operating income
Other operating income represents rents receivable from investment properties and properties held for resale adjusted on an accruals basis for amounts received in advance or arrears.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 42,675
DEPRECIATION
At 1 October 2023 41,441
Charge for year 246
At 30 September 2024 41,687
NET BOOK VALUE
At 30 September 2024 988
At 30 September 2023 1,234

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 953,310
NET BOOK VALUE
At 30 September 2024 953,310
At 30 September 2023 953,310

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2013 197,027
Valuation in 2016 250,000
Cost 506,283
953,310

Harward Properties Limited (Registered number: 04069303)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 8,212 16,807
Other debtors - 2,738
8,212 19,545

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 22,794 22,778
Other creditors 26,677 23,463
49,471 46,241