The HRA Project Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 15506305 (England and Wales)

Unaudited Financial Statements

for the Period 20 February 2024 to 30 June 2025

for

The HRA Project Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr K J Darcy

Dr J V Darcy

REGISTERED OFFICE:

Brunel House

11 The Promenade

Clifton

Bristol

BS8 3NG

REGISTERED NUMBER:

15506305 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Tangible assets

4

3,039,562

CURRENT ASSETS

Debtors

5

1,304

Cash at bank

20,405

21,709

CREDITORS

Amounts falling due within one year

6

1,029,139

NET CURRENT LIABILITIES

(1,007,430

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,032,132

CREDITORS

Amounts falling due after more than one year

7

2,043,698

NET LIABILITIES

(11,566

)

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

9

(11,568

)

SHAREHOLDERS' FUNDS

(11,566

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

Dr K J Darcy - Director

Dr J V Darcy - Director

1.	STATUTORY INFORMATION

The HRA Project 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the period 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 period 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 period was 2 .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

property

Totals

£

COST

Additions

2,848,280

191,282

3,039,562

At 30 June 2025

2,848,280

191,282

3,039,562

NET BOOK VALUE

At 30 June 2025

2,848,280

191,282

3,039,562

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Prepayments

1,304

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

53,993

Other creditors

10,203

Directors' loan accounts

298

Accrued expenses

920

Intercompany loan - Vision

Care Collective Ltd

963,725

1,029,139

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

2,043,698

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary A

£1

1

Ordinary B

£1

1

2

The following shares were allotted and fully paid for cash at par during the period:

1 Ordinary A shares of £1 each

1 Ordinary B shares of £1 each

9.

RESERVES

Retained

earnings

£

Deficit for the period

(11,568

)

At 30 June 2025

(11,568

)

10.	RELATED PARTY DISCLOSURES

During the year, Vision Care Collective Ltd, a company in which Dr K J and Dr J V Darcy are directors and shareholders, loaned The HRA Project Ltd £995,725. The loan is made on an interest free basis.

The HRA Project Ltd charged Vision Care Collective Ltd £32,000 rent.

This amount outstanding at the year end is £963,725 and this is included under creditors falling due within one year.