Hrf 101 Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13681766

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,248,468		4,124,727

			4,248,468		4,124,727
CURRENT ASSETS
Debtors	5	100		-
Cash at bank and in hand		299,005		238,208

		299,105		238,208
Creditors: Amounts Falling Due Within One Year	6	(3,703,011 )		(3,748,846 )

NET CURRENT ASSETS (LIABILITIES)			(3,403,906 )		(3,510,638 )

TOTAL ASSETS LESS CURRENT LIABILITIES			844,562		614,089

PROVISIONS FOR LIABILITIES
Deferred Taxation			(107,777 )		(84,267 )

NET ASSETS			736,785		529,822

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			736,784		529,821

SHAREHOLDERS' FUNDS			736,785		529,822

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Hrf 101 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 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 Profit and Loss Account.

On behalf of the board

William Harrison Bainbridge

Director

26 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Hrf 101 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13681766 . 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. 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.

...CONTINUED

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Hrf 101 Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.4. Taxation - continued

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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 2 (2023: 2)

4. Tangible Assets

	Investment Properties
	£
Cost
As at 1 January 2024	4,124,727
Additions	123,741

As at 31 December 2024	4,248,468

Net Book Value
As at 31 December 2024	4,248,468

As at 1 January 2024	4,124,727

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 the their valuation would not be materially different from the professional valuation.

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by other related parties	100	-

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	(1 )	-
Corporation tax	34,923	35,177
Accruals and deferred income	2,620	1,200
Amounts owed to group undertakings	3,665,469	3,712,469

	3,703,011	3,748,846

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Hrf 101 Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

8. Related Party Transactions

Included in creditors due within one year is an amount of £3,665,469 (2023 : £3,712,469 ) owed to its parent undertaking. The amount is interest free and repayable on demand.

Included in debtors due within one year is an amount of £100 (2023 : nil) owed by a company in which the directors have beneficial interest. The amount is interest free and repayable on demand.

During the year, the company paid £19,877 (2023: £21,474) as agent fees to a company in which the directors have beneficial interest.

9. Ultimate Parent Undertaking and Controlling Party

The company's immediate controlling party and parent undertaking is HRF UK Holdings Ltd . HRF UK Holdings Ltd was incorporated in England and Wales. Copies of the parent company's financial statements may be obtained from the secretary, 809 Salisbury House 29 Finsbury Circus, London, United Kingdom, EC2M 7AQ .

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