ACCOUNTS - Final Accounts preparation

Company registration number: 00611409

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	HARTCRAN INVESTMENTS LIMITED


HARTCRAN INVESTMENTS LIMITED

COMPANY INFORMATION

Directors	N R M Kebbell
	M A Kebbell


Company secretary	S Jennaway


Registered number	00611409


Registered office	Kebbell House
	21 London End
	Beaconsfield
	HP9 2HN


Accountants	Menzies LLP
	Chartered Accountants
	Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


HARTCRAN INVESTMENTS LIMITED REGISTERED NUMBER:00611409

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		-		830
Investments	5		2,800		2,800
Investment property	6		6,638,380		6,638,380
			6,641,180		6,642,010
Current assets
Debtors: amounts falling due within one year	7	13,261		10,813
Cash at bank and in hand		1,244,368		1,178,150
		1,257,629		1,188,963
Creditors: amounts falling due within one year	8	(116,231)		(123,499)
Net current assets			1,141,398		1,065,464
Total assets less current liabilities			7,782,578		7,707,474
Provisions for liabilities
Deferred tax		(307,732)		(104,927)
			(307,732)		(104,927)
Net assets			7,474,846		7,602,547

Capital and reserves
Called up share capital	200	200
Profit and loss account	7,474,646	7,602,347
	7,474,846	7,602,547

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HARTCRAN INVESTMENTS LIMITED REGISTERED NUMBER:00611409

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

N R M Kebbell

Director

Date: 18 September 2025

The notes on pages 3 to 7 form part of these financial statements.

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HARTCRAN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Hartcran Investments Limited is a private Company limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office and principal place of business is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Turnover

The company's turnover represents the value excluding Value Added Tax, of rental income receivable during the year. Rental income is accounted for on a straight line basis over the lease term.

2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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HARTCRAN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and equipment

3 year straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.7

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any idication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

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HARTCRAN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairement. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.
Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

4.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	At 1 January 2024	3,323
	At 31 December 2024	3,323
	Depreciation
	At 1 January 2024	2,493
	Charge for the year on owned assets	830
	At 31 December 2024	3,323
	Net book value
	At 31 December 2024	-
	At 31 December 2023	830

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HARTCRAN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	2,800
	At 31 December 2024	2,800

6.	Investment property

		Property under construction
		£
	Valuation
	At 1 January 2024	6,638,380
	At 31 December 2024	6,638,380

All investment property is held in the UK. The 2024 valuations were made by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2024	2023
	£	£

	Cost	5,407,454	5,407,454
		5,407,454	5,407,454

Debtors

					2024	2023
					£	£


Other debtors	-	156
Prepayments and accrued income	13,261	10,657
	13,261	10,813

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HARTCRAN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	5,129	2,118
Corporation tax	58,507	65,999
Other creditors	1,895	4,983
Accruals and deferred income	50,700	50,399
	116,231	123,499

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