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REGISTERED NUMBER: 11625433 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

M.R. HARDING PROPERTIES LIMITED

M.R. HARDING PROPERTIES LIMITED (REGISTERED NUMBER: 11625433)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


M.R. HARDING PROPERTIES LIMITED (REGISTERED NUMBER: 11625433)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 275,000 275,000

CURRENT ASSETS
Debtors 5 4,355 -
Cash at bank 2,732 1,244
7,087 1,244
CREDITORS
Amounts falling due within one year 6 101,315 99,342
NET CURRENT LIABILITIES (94,228 ) (98,098 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,772

176,902

CREDITORS
Amounts falling due after more than one
year

7

189,204

183,760
NET LIABILITIES (8,432 ) (6,858 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (8,433 ) (6,859 )
SHAREHOLDERS' FUNDS (8,432 ) (6,858 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 2 January 2025 and were signed by:





M R Harding - Director


M.R. HARDING PROPERTIES LIMITED (REGISTERED NUMBER: 11625433)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

M.R. Harding Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11625433

Registered office: 15 West Street
Brighton
East Sussex
BN1 2RL

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.

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

Turnover consists of rents received from investment property.

Turnover is recognised in the period to which it relates, with accrued and deferred income being recognised where necessary.

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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price, and are subsequently carried at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current 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 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.

Going concern
The financial statements have been prepared on a going concern basis, not withstanding the company's net liabilities, as a director of the company continues to provide support as necessary and intends to ensure that there is adequate working capital for at least 12 months from the date of approval of these accounts. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Borrowing costs
General and specific borrowing costs directly attributable to loans on investment property are capitalised as prepaid loan arrangement fees and amortised over the length of the fixed term.

3. EMPLOYEES

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

M.R. HARDING PROPERTIES LIMITED (REGISTERED NUMBER: 11625433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 275,000
NET BOOK VALUE
At 31 October 2024 275,000
At 31 October 2023 275,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2019 (13,661 )
Cost 288,661
275,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 288,661 288,661

Investment property was valued on an open market basis on 31 October 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 4,355 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 100,255 98,262
Accruals and deferred income 1,060 1,080
101,315 99,342

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans more 5 yrs non-inst 189,204 183,760

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 189,204 183,760

M.R. HARDING PROPERTIES LIMITED (REGISTERED NUMBER: 11625433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 189,204 183,760

The bank loan is secured with fixed and floating charges over the investment property owned by the company. Interest on the loan is payable at 4.89% per annum, and is recognised in interest payable and similar expenses. The loan term is 25 years and is due to be repaid on 11 January 2044.