Company Registration No. 15333491 (England and Wales)
Hartdene Homes RC Limited
Unaudited financial statements
for the period ended 31 March 2025
Pages for filing with the registrar
Hartdene Homes RC Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
Hartdene Homes RC Limited
Balance sheet
As at 31 March 2025
1
2025
Notes
£
£
Current assets
Stocks
4,142,339
Debtors
4
1,667,191
Cash at bank and in hand
1,912
5,811,442
Creditors: amounts falling due within one year
5
(4,809,697)
Net current assets
1,001,745
Creditors: amounts falling due after more than one year
6
(805,708)
Net assets
196,037
Capital and reserves
Called up share capital
7
1
Profit and loss reserves
196,036
Total equity
196,037

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 December 2025 and are signed on its behalf by:
Edward Armitage
Tristan Pinckston
Director
Director
Company Registration No. 15333491
Hartdene Homes RC Limited
Statement of changes in equity
For the period ended 31 March 2025
2
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 7 December 2023
-
0
-
0
-
Period ended 31 March 2025:
Profit and total comprehensive income
-
196,036
196,036
Issue of share capital
7
1
-
1
Balance at 31 March 2025
1
196,036
196,037
Hartdene Homes RC Limited
Notes to the financial statements
For the period ended 31 March 2025
3
1
Accounting policies
Company information

Hartdene Homes RC Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Incuhive Space, Grigg Lane, Brockenhurst, Hampshire, SO42 7RE.

1.1
Reporting period

The accounts for the company cover a period greater than 12 months to align its accounting period with its trading subsidiary.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of property is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on completion of sale), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rent received is recognised when it falls due to the company.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Hartdene Homes RC Limited
Notes to the financial statements (continued)
For the period ended 31 March 2025
1
Accounting policies (continued)
4
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Hartdene Homes RC Limited
Notes to the financial statements (continued)
For the period ended 31 March 2025
5
2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
2
4
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
36
Amounts owed by group undertakings
1,569,464
Other debtors
97,691
1,667,191
5
Creditors: amounts falling due within one year
2025
£
Bank loans
4,450,418
Trade creditors
5,195
Other creditors
354,084
4,809,697

The bank loans are secured over the properties to which they relate.

Hartdene Homes RC Limited
Notes to the financial statements (continued)
For the period ended 31 March 2025
6
6
Creditors: amounts falling due after more than one year
2025
£
Bank loans and overdrafts
805,708

The bank loan is secured over the properties to which it relates.

Creditors which fall due after five years are as follows:
2025
£
Payable other than by instalments
805,708
7
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary share of £1 each
1
1

During the year the company issued one Ordinary share of £1 to provide the initial working capital of the company.

8
Related party transactions
Transactions with related parties

The company has taken advantage of the exemption available in section 1AC.35 of FRS 102 from the requirement to disclose transactions with group companies on the grounds that the company is a wholly owned subsidiary.

Other information

At the year end the company was owed £86,942 from related entities.

9
Parent company

The immediate controlling party is Radcliffe Court Holding Company Limited and ultimate control lies with the directors.

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