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Hardedge Holdings Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Appleby Mall Limited
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Statement of Financial Position
Registered number: 07685935
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 250,000 250,000
Investments 6 2 2
250,002 250,002
CURRENT ASSETS
Debtors 328,252 191,317
Cash at bank and in hand 3,159 8,085
331,411 199,402
Creditors: Amounts Falling Due Within One Year (110,944 ) (75,611 )
NET CURRENT ASSETS (LIABILITIES) 220,467 123,791
TOTAL ASSETS LESS CURRENT LIABILITIES 470,469 373,793
Creditors: Amounts Falling Due After More Than One Year (11,367 ) (25,732 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (12,500 ) (12,500 )
NET ASSETS 446,602 335,561
CAPITAL AND RESERVES
Called up share capital 10 4 4
Revaluation reserve 11 37,500 37,500
Income Statement 409,098 298,057
SHAREHOLDERS' FUNDS 446,602 335,561
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
G Mall
Director
30 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Hardedge Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07685935 . The registered office is Unit 10 & 11 Spring Road Industrial Estate, Spring Road, Ettingshall, West Midlands, WV4 6LF.
The presentation currency of the financial statements is Pound Sterling (£) and are rounded to the nearest £1.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Property Improvements 10% on cost
2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the income statement.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Total
£
Cost
As at 1 January 2024 624
As at 31 December 2024 624
Depreciation
As at 1 January 2024 624
As at 31 December 2024 624
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 250,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 200,000 200,000
6. Investments
Total
£
Cost or Valuation
As at 1 January 2024 2
As at 31 December 2024 2
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 2
As at 1 January 2024 2
7. Secured Creditors
The following secured debts are included within creditors
The bank loan is secured on the company's property
2024 2023
£ £
Bank loans and overdrafts 25,935 38,727
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8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 12,500 12,500
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2024 12,500 12,500
Balance at 31 December 2024 12,500 12,500
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 2.00 each 4 4
11. Reserves
Revaluation Reserve
£
As at 1 January 2024 37,500
As at 31 December 2024 37,500
12. Ultimate Controlling Party
The ultimate controlling party is H Mall.
Page 5