REGISTERED NUMBER: 01182254 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Hardwick Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O Keane

I J Keane

REGISTERED OFFICE:

7 Farm Avenue

London

NW2 2EG

REGISTERED NUMBER:

01182254 (England and Wales)

ACCOUNTANTS:

George Hay Partnership LLP

Chartered Accountants

Unit 1B

Focus 4

Fourth Avenue

Letchworth

Hertfordshire

SG6 2TU

FIXED ASSETS

Tangible assets

5

164,398

171,721

Investment property

6

2,000,000

1,400,000

2,164,398

1,571,721

CURRENT ASSETS

Debtors

7

77,409

20,000

Cash at bank

39,907

82,736

117,316

102,736

CREDITORS

Amounts falling due within one year

8

256,650

240,900

NET CURRENT LIABILITIES

(139,334

)

(138,164

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,025,064

1,433,557

PROVISIONS FOR LIABILITIES

903,327

732,641

NET ASSETS

1,121,737

700,916

CAPITAL AND RESERVES

Called up share capital

9

5,000

5,000

Fair value reserve

10

1,231,434

781,434

Retained earnings

10

(114,697

)

(85,518

)

SHAREHOLDERS' FUNDS

1,121,737

700,916

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 September 2025 and were signed on its behalf by:

O Keane - Director

1.	STATUTORY INFORMATION

Hardwick Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income from the properties owned by the company, excluding value added tax.

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

249,745

Additions

63,249

Disposals

(61,500

)

At 31 December 2024

251,494

DEPRECIATION

At 1 January 2024

78,024

Charge for year

32,135

Eliminated on disposal

(23,063

)

At 31 December 2024

87,096

NET BOOK VALUE

At 31 December 2024

164,398

At 31 December 2023

171,721

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,400,000

Revaluations

600,000

At 31 December 2024

2,000,000

NET BOOK VALUE

At 31 December 2024

2,000,000

At 31 December 2023

1,400,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2001

254,750

Valuation in 2003

51,468

Valuation in 2004

(3,000

)

Valuation in 2009

(16,213

)

Valuation in 2012

(15,297

)

Valuation in 2015

400,000

Valuation in 2016

100,000

Valuation in 2018

50,000

Valuation in 2024

600,000

Cost

578,292

2,000,000

At the balance sheet date the Directors have re-valued freehold land and buildings to their open market value.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

73,981

20,000

Other debtors

3,428

-

77,409

20,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

3,792

Other creditors

256,650

237,108

256,650

240,900

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

5,000

Ordinary

£1

5,000

5,000

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

(85,518

)

781,434

695,916

Deficit for the year

(179,179

)

(179,179

)

Property Valuation Movement

150,000

450,000

600,000

At 31 December 2024

(114,697

)

1,231,434

1,116,737