IRIS Accounts Production v25.3.0.601 11688993 director 1.3.24 28.2.25 28.2.25 0 0 false true false false true false Fair value model Ordinary 1.00000 Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 11688993 2024-02-29 11688993 2025-02-28 11688993 2024-03-01 2025-02-28 11688993 2022-11-30 11688993 2022-12-01 2024-02-29 11688993 2024-02-29 11688993 ns15:EnglandWales 2024-03-01 2025-02-28 11688993 ns14:PoundSterling 2024-03-01 2025-02-28 11688993 ns10:Director1 2024-03-01 2025-02-28 11688993 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11688993 ns10:SmallEntities 2024-03-01 2025-02-28 11688993 ns10:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 11688993 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 11688993 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 11688993 ns10:FullAccounts 2024-03-01 2025-02-28 11688993 ns10:OrdinaryShareClass1 2024-03-01 2025-02-28 11688993 ns10:RegisteredOffice 2024-03-01 2025-02-28 11688993 ns5:CurrentFinancialInstruments 2025-02-28 11688993 ns5:CurrentFinancialInstruments 2024-02-29 11688993 ns5:ShareCapital 2025-02-28 11688993 ns5:ShareCapital 2024-02-29 11688993 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-02-28 11688993 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-02-29 11688993 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 11688993 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 11688993 ns5:AdditionsToInvestments 2025-02-28 11688993 ns5:CostValuation 2025-02-28 11688993 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 11688993 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29 11688993 ns10:OrdinaryShareClass1 2025-02-28 11688993 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 11688993 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-02-29 11688993 ns5:RetainedEarningsAccumulatedLosses 2024-03-01 2025-02-28 11688993 1 ns10:Director1 2024-02-29 11688993 1 ns10:Director1 2022-11-30 11688993 1 ns10:Director1 2024-03-01 2025-02-28 11688993 1 ns10:Director1 2022-12-01 2024-02-29 11688993 1 ns10:Director1 2025-02-28 11688993 1 ns10:Director1 2024-02-29

REGISTERED NUMBER: 11688993 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

HADI SM INVESTMENTS LTD

| HADI SM INVESTMENTS LTD (REGISTERED NUMBER: 11688993) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| HADI SM INVESTMENTS LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 28TH FEBRUARY 2025

| DIRECTOR: | Mr A Bawa

| REGISTERED OFFICE: | New City House

| Floor 6 & 7, 57-63 Ringway

| Preston

| Lancashire

| PR1 1AF

| REGISTERED NUMBER: | 11688993 (England and Wales)

| HADI SM INVESTMENTS LTD (REGISTERED NUMBER: 11688993) |

STATEMENT OF FINANCIAL POSITION

28TH FEBRUARY 2025

| 28/2/25 |  | 29/2/24

| as | restated |

| Notes | £ | £ |

FIXED ASSETS

Investments | 4 | 100 |  | - |  |

Investment property | 5 | 33,663,437 |  | 17,413,514 |  |

33,663,537 |  | 17,413,514 |  |

CURRENT ASSETS

Debtors | 6 | 2,392,920 |  | 431,027 |  |

Cash at bank and in hand | 68,338 |  | 11,136 |  |

2,461,258 |  | 442,163 |  |

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 7 | (29,621,652 | ) | (13,078,237 | ) |

NET CURRENT LIABILITIES | (27,160,394 | ) | (12,636,074 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,503,143 |  | 4,777,440 |  |

PROVISIONS FOR LIABILITIES | (206,724 | ) | - |  |

NET ASSETS | 6,296,419 |  | 4,777,440 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 200 |  | 100 |  |

Non-distributable retained earnings | 9 | 620,172 |  | - |  |

Retained earnings | 9 | 5,676,047 |  | 4,777,340 |  |

SHAREHOLDERS' FUNDS | 6,296,419 |  | 4,777,440 |  |

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

| HADI SM INVESTMENTS LTD (REGISTERED NUMBER: 11688993) |

STATEMENT OF FINANCIAL POSITION - continued

28TH FEBRUARY 2025

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 4th November 2025 and were signed by:

Mr A Bawa - Director

| HADI SM INVESTMENTS LTD (REGISTERED NUMBER: 11688993) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

1. | STATUTORY INFORMATION

| Hadi Sm Investments Ltd 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. | 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 as modified by the revaluation of certain assets.

| GOING CONCERN

| The director has reviewed future projections, including preparing cash flow forecasts, which they feel adequately reflect the current uncertain economic environment. After considering all relevant uncertainties, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

| TURNOVER

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

| INVESTMENTS IN SUBSIDIARIES

| Investments in subsidiary undertakings are recognised at cost.

| INVESTMENT PROPERTY

| Investment properties are carried at fair value at the 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 statement of financial position date.

| HADI SM INVESTMENTS LTD (REGISTERED NUMBER: 11688993) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| DEFERRED TAX

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaking

£ |

| COST

| Additions | 100 |  |

| At 28th February 2025 | 100 |  |

| NET BOOK VALUE

| At 28th February 2025 | 100 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st March 2024 | 17,413,514 |  |

| Additions | 15,423,027 |  |

| Revaluations | 826,896 |  |

| At 28th February 2025 | 33,663,437 |  |

| NET BOOK VALUE

| At 28th February 2025 | 33,663,437 |  |

| At 29th February 2024 | 17,413,514 |  |

| HADI SM INVESTMENTS LTD (REGISTERED NUMBER: 11688993) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH FEBRUARY 2025

5. | INVESTMENT PROPERTY - continued

| Fair value at 28th February 2025 is represented by:

£ |

| Valuation in 2025 | 826,896 |  |

| Cost | 32,836,541 |  |

33,663,437 |  |

| If investment property had not been revalued they would have been included at the following historical cost:

| 28/2/25 |  | 29/2/24

| as | restated |

£ | £ |

| Cost | 32,836,541 |  | 17,413,514 |  |

| Investment properties are carried at fair value at the reporting date, with changes in fair value recognised in profit or loss. The fair values have been determined by the directors, using market data for comparable properties, recent transaction evidence, and other relevant information available at the balance sheet date.

| Included within investment properties is investment property under construction with a net book value of £8m (2024: £7m) which is carried at cost until either fair value can be reliably determined or construction is complete, at which point it is transferred to investment property and measured at fair value.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28/2/25 |  | 29/2/24

| as | restated |

£ | £ |

| Trade debtors | 65,290 |  | 5,500 |  |

| Other debtors | 2,327,630 |  | 425,527 |  |

2,392,920 |  | 431,027 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28/2/25 |  | 29/2/24

| as | restated |

£ | £ |

| Trade creditors | 146,622 |  | 418,478 |  |

| Taxation and social security | 862,435 |  | 1,573,494 |  |

| Other creditors | 28,612,595 |  | 11,086,265 |  |

29,621,652 |  | 13,078,237 |  |

| HADI SM INVESTMENTS LTD (REGISTERED NUMBER: 11688993) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH FEBRUARY 2025

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 28/2/25 |  | 29/2/24

| value: |  | as restated |

£ | £ |

| 200 | Ordinary | £1 | 200 |  | 100 |  |

9. | RESERVES

| Non-distributable |

| Retained |  | retained |

| earnings |  | earnings |  | Totals

£ | £ | £ |

| At 1st March 2024 | 4,777,340 |  | - |  | 4,777,340 |  |

| Profit for the year | 1,518,879 |  | 1,518,879 |  |

| Transfer between reserves | (620,172 | ) | 620,172 |  | - |  |

| At 28th February 2025 | 5,676,047 |  | 620,172 |  | 6,296,219 |  |

| The non-distributable element of retained earnings represents unrealised gains arising from the revaluation of investment properties to fair value at the reporting date. These amounts are not considered realised profits and, accordingly, are not available for distribution. The balance will only become distributable when the underlying investment properties are disposed of and the gains are realised. This has been shown separately as non-distributable retained earnings for presentational purposes only, but falls part of the retained earnings.

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the year ended 28th February 2025 and the period ended 29th February 2024:

| 28/2/25 |  | 29/2/24

| as | restated |

£ | £ |

| Mr A Bawa

| Balance outstanding at start of year | 425,527 |  | (610,261 | ) |

| Amounts advanced | 1,265,975 |  | 1,035,788 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 1,691,502 |  | 425,527 |  |

11. | RELATED PARTY DISCLOSURES

| Included within the financial statements is amounts owed to entities with common directorship of £28.4m (2024: £11m).

| HADI SM INVESTMENTS LTD (REGISTERED NUMBER: 11688993) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH FEBRUARY 2025

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party are the shareholders of the company, in the current and preceding year.