REGISTERED NUMBER: 04069303 (England and Wales)

Harward Properties Limited

Unaudited Financial Statements for the Year Ended 30 September 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N C Smith

G J Vellam

SECRETARY:

G J Vellam

REGISTERED OFFICE:

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

REGISTERED NUMBER:

04069303 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

FIXED ASSETS

Tangible assets

4

791

988

Investment property

5

953,310

953,310

954,101

954,298

CURRENT ASSETS

Stocks

149,781

149,781

Debtors

6

8,657

8,212

Cash at bank

54,593

69,440

213,031

227,433

CREDITORS

Amounts falling due within one year

7

36,237

49,471

NET CURRENT ASSETS

176,794

177,962

TOTAL ASSETS LESS CURRENT LIABILITIES

1,130,895

1,132,260

PROVISIONS FOR LIABILITIES

44,759

44,759

NET ASSETS

1,086,136

1,087,501

CAPITAL AND RESERVES

Called up share capital

153

153

Non distributable reserves

402,268

402,268

Retained earnings

683,715

685,080

SHAREHOLDERS' FUNDS

1,086,136

1,087,501

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 2 December 2025 and were signed on its behalf by:

G J Vellam - Director

1.	STATUTORY INFORMATION

Harward Properties 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.

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.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Investment property

In accordance with FRS 102, no depreciation is provided in respect of the company's freehold investment properties. This treatment may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot reasonably be separately identified or quantified.

Completed investment properties are valued at the directors' assessment of fair value. The directors have made the normal deductions for hypothetical purchasers' costs in arriving at their valuation. Any surpluses or deficits arising are reflected in unrealised capital reserves. Buildings under construction are valued at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Other operating income

Other operating income represents rents receivable from investment properties and properties held for resale adjusted on an accruals basis for amounts received in advance or arrears.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2024

and 30 September 2025

42,675

DEPRECIATION

At 1 October 2024

41,687

Charge for year

197

At 30 September 2025

41,884

NET BOOK VALUE

At 30 September 2025

791

At 30 September 2024

988

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

953,310

NET BOOK VALUE

At 30 September 2025

953,310

At 30 September 2024

953,310

Fair value at 30 September 2025 is represented by:

£

Valuation in 2013

197,027

Valuation in 2016

250,000

Cost

506,283

953,310

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

8,657

8,212

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

204

-

Taxation and social security

20,543

22,794

Other creditors

15,490

26,677

36,237

49,471