REGISTERED NUMBER: 05660122 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

HMC Land Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M H McArdle

J H McArdle

M M McArdle

REGISTERED OFFICE:

140 Coniscliffe Road

DARLINGTON

County Durham

DL3 7RT

REGISTERED NUMBER:

05660122 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Kepier House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

3,902

5,479

CURRENT ASSETS

Stocks

1,361,524

1,361,524

Debtors

5

1,306,826

1,338,785

Cash at bank

452,752

244,672

3,121,102

2,944,981

CREDITORS

Amounts falling due within one year

6

(271,109

)

(133,522

)

NET CURRENT ASSETS

2,849,993

2,811,459

TOTAL ASSETS LESS CURRENT LIABILITIES

2,853,895

2,816,938

PROVISIONS FOR LIABILITIES

7

(747

)

(1,091

)

NET ASSETS

2,853,148

2,815,847

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

2,853,147

2,815,846

SHAREHOLDERS' FUNDS

2,853,148

2,815,847

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

M H McArdle - Director

1.	STATUTORY INFORMATION

HMC Land 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A, not to disclose related party transactions with wholly owned subsidiaries within the group or those under commercial terms.

Turnover

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

Income recognition

Turnover for the provision of services is recognised at the point of the service having been provided.

Turnover from the sale of land is recognised on completion.

Tangible fixed assets

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

Fixtures and fittings

-

10 - 20 % on cost

Tangible fixed assets are included at cost less accumulated depreciation and impairment.

Stocks

Plots of land which are intended for sale are classed as current assets and are stated at cost less any impairment losses recognised. Cost comprises land costs and development costs including professional charges during the development period. No depreciation is provided in respect of the assets intended for sale.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

85,107

DEPRECIATION

At 1 April 2024

79,628

Charge for year

1,577

At 31 March 2025

81,205

NET BOOK VALUE

At 31 March 2025

3,902

At 31 March 2024

5,479

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

17,509

Amounts owed by group undertakings

1,292,786

1,306,917

Prepayments and accrued income

14,040

14,359

1,306,826

1,338,785

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

7,095

7,079

Amounts owed to group undertakings

203,698

57,963

Taxation and social security

16,028

24,614

Accruals and deferred income

44,288

43,866

271,109

133,522

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

747

1,091

Deferred

tax

£

Balance at 1 April 2024

1,091

Accelerated capital allowances

(344

)

Balance at 31 March 2025

747

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

9.	ULTIMATE PARENT COMPANY

The immediate parent company is HMC Group Ltd, a company registered in England and Wales, registered office address: 140 Coniscliffe Road, Darlington, Co. Durham, DL3 7RT.

The ultimate parent company is HMC Group Holdings Limited, a company registered in Jersey, registered office address: 3rd Floor, 37 Esplanade, St Helier, Channel Islands, JE2 3QA.