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Registered number: 14141135
Harley Realty Limited
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14141135
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 4,939,685 4,901,397
4,939,685 4,901,397
CURRENT ASSETS
Debtors 5 14,319 18,647
Cash at bank and in hand 27,818 95,505
42,137 114,152
Creditors: Amounts Falling Due Within One Year 6 (2,200,163 ) (2,048,731 )
NET CURRENT ASSETS (LIABILITIES) (2,158,026 ) (1,934,579 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,781,659 2,966,818
Creditors: Amounts Falling Due After More Than One Year 7 (3,044,223 ) (3,022,500 )
NET LIABILITIES (262,564 ) (55,682 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (262,565 ) (55,683 )
SHAREHOLDERS' FUNDS (262,564) (55,682)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Josh Ajit Singh Arora
Director
24 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Harley Realty Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14141135 . The registered office is Ground Floor, 5, Canberra Road,, London, England, W13 9BF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
2.2. Going Concern Disclosure
The accounts have been prepared on the going concern basis notwithstanding the deficit show on the balance sheet, on the grounds that the amounts owed to the companies under common control and group companies will not recall the amount owed by the company to them and will continue to support the company financially until such time that the company can financially sustain itself.
2.3. Turnover
Turnover is measured at the fair value of the consideration for rent receivable, net of discounts and VAT.
2.4. Investment Properties
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 June 2023 4,901,397
Additions 38,288
As at 31 May 2024 4,939,685
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,300 3,552
Other debtors 8,062 15,095
VAT 2,957 -
14,319 18,647
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,208 17,667
Other taxes and social security - 14,131
Other creditors 2,189,955 2,016,933
2,200,163 2,048,731
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,044,223 3,022,500
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Ultimate Controlling Party
The ultimate controlling party of the company is Arora Family Ltd, which owns 100% of the issued share capital. Arora Family Ltd is registered at Ground Floor, 5, Canberra Road, London, England, W13 9BF.
10. Other information
HARLEY REALTY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Ground Floor, 5, Canberra Road, 
London
England 
W13 9BF
Page 4