Company registration number 04878637 (England and Wales)
HARDALE HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
HARDALE HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
HARDALE HOLDINGS LIMITED (REGISTERED NUMBER: 04878637)
BALANCE SHEET
AS AT 28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,618
2,156
Investment property
4
805,000
805,000
Investments
5
10,727
806,618
817,883
Current assets
Debtors
6
2,700
Cash at bank and in hand
739
4,038
739
6,738
Creditors: amounts falling due within one year
7
(220,345)
(252,864)
Net current liabilities
(219,606)
(246,126)
Total assets less current liabilities
587,012
571,757
Provisions for liabilities
(22,286)
(22,388)
Net assets
564,726
549,369
Capital and reserves
Called up share capital
133,452
133,452
Revaluation reserve
290,772
290,772
Distributable profit and loss reserves
140,502
125,145
Total equity
564,726
549,369
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 28 February 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.
The 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.
HARDALE HOLDINGS LIMITED (REGISTERED NUMBER: 04878637)
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025
28 February 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 23 April 2025 and are signed on its behalf by:
C Richards
D Richards
Director
Director
HARDALE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information
Hardale Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, Kent, ME19 6JU.
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 amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are met:
The amount of turnover can be measured reliably
It is probable that the company will receive the consideration due under the contract
The stage of completion of the contract at the end of the reporting period can be measured reliably
The costs incurred and the costs to complete the contract can be measured reliably.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, 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:
Plant and machinery
25% on reducing balance
Fixtures, fittings & equipment
25% on reducing balance
Computer equipment
25% on reducing balance
1.4
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
HARDALE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Fixed asset investments
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.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 29 February 2024 and 28 February 2025
1,170
1,564
6,339
9,073
Depreciation and impairment
At 29 February 2024
1,134
1,514
4,269
6,917
Depreciation charged in the year
9
12
517
538
At 28 February 2025
1,143
1,526
4,786
7,455
Carrying amount
At 28 February 2025
27
38
1,553
1,618
At 28 February 2024
36
50
2,070
2,156
4
Investment property
2025
£
Fair value
At 29 February 2024 and 28 February 2025
805,000
HARDALE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
4
Investment property
(Continued)
- 5 -
The fair value of the investment property has been arrived at on the basis of the best estimate by the directors.
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
10,727
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 29 February 2024
10,727
Impairment
(10,727)
At 28 February 2025
-
Carrying amount
At 28 February 2025
-
At 28 February 2024
10,727
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,700
7
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
10,727
Taxation and social security
4,981
6,836
Other creditors
215,364
235,301
220,345
252,864