Harewood Moor Estates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10045527

Harewood Moor Estates Limited

Filleted Unaudited Financial Statements

31 March 2025

Harewood Moor Estates Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	11,489,464	11,564,565

Current assets

Debtors	6	297,149	276,576
Cash at bank and in hand		342,896	286,585
		---------	---------
		640,045	563,161

Creditors: amounts falling due within one year	7	639,312	675,395
		---------	---------
Net current assets/(liabilities)		733	( 112,234)
		-------------	-------------
Total assets less current liabilities		11,490,197	11,452,331

Provisions	175,389	187,684
	-------------	-------------
Net assets	11,314,808	11,264,647
	-------------	-------------

Capital and reserves

Called up share capital	8	5,325,996	5,325,996
Profit and loss account		5,988,812	5,938,651
		-------------	-------------
Shareholders funds		11,314,808	11,264,647
		-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Harewood Moor Estates Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 11 September 2025 , and are signed on behalf of the board by:

Mr S M R Lamb

Director

Company registration number: 10045527

Harewood Moor Estates Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brookfield Hall, Manchester Road, Buxton, Derbyshire, SK17 6SU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises property rentals and associated services rendered, net of discounts and value added tax. Revenue in respect of the provision of rentals and services is recognised in accordance with the period to which the service relates.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% straight line
Motor vehicles	-	20% straight line
Equipment	-	33% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. Tangible assets

	Freehold property	Long leasehold property	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 1 Apr 2024	7,807,160	3,417,238	254,368	254,864	3,088	11,736,718
Revaluations	( 77,483)	79,332	–	–	–	1,849
	------------	------------	---------	---------	-------	-------------
At 31 Mar 2025	7,729,677	3,496,570	254,368	254,864	3,088	11,738,567
	------------	------------	---------	---------	-------	-------------
Depreciation
At 1 Apr 2024	–	–	105,414	63,651	3,088	172,153
Charge for the year	–	–	25,978	50,972	–	76,950
	------------	------------	---------	---------	-------	-------------
At 31 Mar 2025	–	–	131,392	114,623	3,088	249,103
	------------	------------	---------	---------	-------	-------------
Carrying amount
At 31 Mar 2025	7,729,677	3,496,570	122,976	140,241	–	11,489,464
	------------	------------	---------	---------	-------	-------------
At 31 Mar 2024	7,807,160	3,417,238	148,954	191,213	–	11,564,565
	------------	------------	---------	---------	-------	-------------

The directors have reassessed the valuation of certain investment properties during the year ended 31 March 2025 and have used the services of professional valuers. Accordingly certain properties have been revalued from an original cost of £4,383,862 to £4,385,711 giving a total uplift of £272,091 (2024:£270,242). This has been adjusted through the profit and loss account.

6. Debtors

	2025	2024
	£	£
Trade debtors	119,666	99,180
Other debtors	177,483	177,396
	---------	---------
	297,149	276,576
	---------	---------

Other debtors includes a loan to a director of £170,000, (2024: £170,000). Interest is payable at 0.5% over the Bank of England base rate. The loan is repayable on demand and is secured by a charge over the relevant property.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,210	2,616
Accruals and deferred income	218,831	222,098
Corporation tax	133,648	94,022
Social security and other taxes	44,378	45,086
Director loan accounts	165,792	251,271
Other creditors	74,453	60,302
	---------	---------
	639,312	675,395
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
A Ordinary shares of £ 1 each	41,828	41,828	41,828	41,828
B Ordinary shares of £ 1 each	395,044	395,044	395,044	395,044
E Ordinary shares of £ 1 each	4,889,124	4,889,124	4,889,124	4,889,124
	------------	------------	------------	------------
	5,325,996	5,325,996	5,325,996	5,325,996
	------------	------------	------------	------------

9. Related party transactions

At the year end the company owed Mr S M R Lamb £165,792 (2024: £251,271). Interest was charged on the loan at a rate of 2.0% above the Bank of England base rate,amounting to £13,053 (2023: £52,030) for the year. Mr A K Ward, a director, has a loan of £170,000 (2024: £170,000) Interest is payable at 0.5% over the Bank of England base rate. The loan is repayable on demand and is secured by a charge over the relevant property.