Hawthorn Property Syndicate Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 12450838

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,940,609		1,940,609
Investments	5		646,518		549,192

			2,587,127		2,489,801
CURRENT ASSETS
Debtors	6	1,389,316		1,481,456
Cash at bank and in hand		41,379		41,085

		1,430,695		1,522,541
Creditors: Amounts Falling Due Within One Year	7	(2,007,844 )		(2,011,179 )

NET CURRENT ASSETS (LIABILITIES)			(577,149 )		(488,638 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,009,978		2,001,163

Creditors: Amounts Falling Due After More Than One Year	8		(1,570,813 )		(1,573,688 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,322 )		(8,322 )

NET ASSETS			430,843		419,153

CAPITAL AND RESERVES
Called up share capital	10		2,000		2,000
Fair value reserve	11		646,517		549,191
Profit and Loss Account			(217,674 )		(132,038 )

SHAREHOLDERS' FUNDS			430,843		419,153

Page 1

Page 2

Hawthorn Property Syndicate Ltd

Balance Sheet (continued)

As At 31 December 2024

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account.

On behalf of the board

William Harrison Bainbridge

Director

29 September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Hawthorn Property Syndicate Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12450838 . The registered office is 809 Salisbury House, 29 Finsbury Circus, London, EC2M 7AQ.

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. Turnover

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:

Income from investment properties

Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.

2.3. Investment Properties

Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.

Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.

2.4. Investment in Subsidiaries

Investments in subsidiaries are recognised at fair value at each year-end. The entity makes an irrevocable decision to classify all changes in fair value through other comprehensive income.

Investment in subsidiaries are valued by the director of the company based on the net asset value of the subsidiaries as on the reporting date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

Page 3

Page 4

Hawthorn Property Syndicate Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Investment Properties
	£
Cost or Valuation
As at 1 January 2024	1,940,609

As at 31 December 2024	1,940,609

Net Book Value
As at 31 December 2024	1,940,609

As at 1 January 2024	1,940,609

The investment properties are valued, at balance sheet date, by directors of the company based on the assessment of available market information and property condition. The directors believe that their valuation would not be materially different from the professional valuation.

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2024	549,192
Revaluations	97,326

As at 31 December 2024	646,518

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	646,518

As at 1 January 2024	549,192

The unlisted investment includes investment in shares of subsidiary company which has been presented at fair value at the year-end. Initial investment amount in shares of subsidiary company was £1.

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	1,888	4,028
Amounts owed by group undertakings	1,387,428	1,477,428

	1,389,316	1,481,456

Page 4

Page 5

Hawthorn Property Syndicate Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other creditors	2,787	2,647
Shareholders' loan	1,978,000	1,978,000
Accruals and deferred income	27,056	30,531
Director's loan account	1	1

	2,007,844	2,011,179

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	1,570,813	1,573,688

9. Secured Creditors

Of the creditors, the following amounts are secured.

	2024		2023
	£		£
Bank loans and overdrafts	1,570,813		1,573,688

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2,000	2,000

The share capital is made up of 2,000,010 ordinary shares of £0.001 each.

11. Reserves

	Fair Value Reserve
	£
As at 1 January 2024	549,191
Movements in fair value reserve	97,326

As at 31 December 2024	646,517

Page 5

Page 6

Hawthorn Property Syndicate Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Related Party Transactions

Included in creditors due within one year is amount owed to shareholders of £1,978,000 (2023: £1,978,000). The amount is interest free and repayable on demand.

Included in debtors due within one year is amount owed by a wholly owned subsidiary of £1,387,428 (2023:1,477,428 ). The amount is interest free and repayable on demand.

Included in creditors due within one year is an amount of £1 (2023: £1) owed to its directors. The amount is interest free and repayable on demand.

13. Controlling Party

The company's controlling party is Mr. Martyn Bainbridge by virtue of the ownership of 65% of the issued share capital in the company.

14. Movements in fair value reserve

The movements in fair value reserve indicates the recognition of change in fair value of the investment in subsidiaries. As the entity expects to sell the assets in subsidiaries and pay dividend which is tax free, no deferred tax liability has been created on the increase in fair value of the investment in subsidiaries.

Page 6