REGISTERED NUMBER: 10821026 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Hardy Family Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs N S T Hardy

REGISTERED OFFICE:

Tracey Cottage

Perrinpit Road

Frampton Cotterell

Bristol

S Gloucestershire

BS36 2AR

REGISTERED NUMBER:

10821026 (England and Wales)

ACCOUNTANTS:

ARC & Co. Accountants Limited

Northfield House

Shurdington Road

Bentham

Cheltenham

Gloucestershire

GL51 4UA

FIXED ASSETS

Investment property

4

1,570,000

1,740,000

CURRENT ASSETS

Debtors

5

41,506

1,441

Cash at bank

9,821

7,283

51,327

8,724

CREDITORS

Amounts falling due within one year

6

160,374

302,494

NET CURRENT LIABILITIES

(109,047

)

(293,770

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,460,953

1,446,230

CREDITORS

Amounts falling due after more than one year

7

858,500

871,500

NET ASSETS

602,453

574,730

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

10

601,453

573,730

SHAREHOLDERS' FUNDS

602,453

574,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 29 September 2025 and were signed by:

Mrs N S T Hardy - Director

1.	STATUTORY INFORMATION

Hardy Family Property 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,740,000

Disposals

(170,000

)

At 31 March 2025

1,570,000

NET BOOK VALUE

At 31 March 2025

1,570,000

At 31 March 2024

1,740,000

The directors do not deem the properties to have changed significantly in value during the year.

5.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Rents in arrears

-

975

Prepayments

499

466

499

1,441

Amounts falling due after more than one year:

Other debtors

41,007

-

Aggregate amounts

41,506

1,441

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

1,000

1,000

Trade creditors

585

422

Corporation tax

11,618

1,841

Deposits held and rent in

advance

8,625

9,413

Rents in advance

2,875

3,923

Directors' current accounts

134,171

284,395

Accrued expenses

1,500

1,500

160,374

302,494

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

858,500

871,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

859,500

872,500

The bank loans are secured by way of fixed and floating charges over the assets of the company, as lodged at Companies House.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

400

Ordinary A

£1

400

400

600

Ordinary B

£1

600

600

1,000

1,000

10.

RESERVES

Retained

earnings

£

At 1 April 2024

573,730

Profit for the year

27,723

At 31 March 2025

601,453

Included within retained earnings is a total of £469,398 which relates to gains on revaluation of investment properties.

11.	RELATED PARTY DISCLOSURES

During the year the directors, Mr I Hardy and Mrs N S T Hardy, being husband and wife, made net withdrawals from their account of £150,224. The balance on their account at 31 March 2024 was £134,171 (2024 - £284,395).

12.	ULTIMATE CONTROLLING PARTY

The directors acknowledge that there is no ultimate controlling party as no individual holds a majority of the company's issued voting share capital.