REGISTERED NUMBER: 10696085 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

HAP Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr H A Poswall

REGISTERED OFFICE:

255 Portswood Road

Southampton

SO17 2NG

REGISTERED NUMBER:

10696085 (England and Wales)

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Investment property

4

540,000

540,000

CURRENT ASSETS

Debtors

5

115,119

115,061

Cash at bank

154,822

135,911

269,941

250,972

CREDITORS

Amounts falling due within one year

6

292,834

297,680

NET CURRENT LIABILITIES

(22,893

)

(46,708

)

TOTAL ASSETS LESS CURRENT LIABILITIES

517,107

493,292

PROVISIONS FOR LIABILITIES

83,872

83,872

NET ASSETS

433,235

409,420

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

251,615

251,615

Retained earnings

7

181,520

157,705

SHAREHOLDERS' FUNDS

433,235

409,420

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 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.

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 15 December 2025 and were signed by:

Mr H A Poswall - Director

1.	STATUTORY INFORMATION

HAP 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.

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.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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 balance sheet date.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

540,000

NET BOOK VALUE

At 31 March 2025

540,000

At 31 March 2024

540,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

540,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

115,119

115,061

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Corporation tax

5,750

5,929

Other creditors

8,640

6,855

Directors' current accounts

277,256

283,756

Accrued expenses

1,188

1,140

292,834

297,680

7.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

157,705

251,615

409,320

Profit for the year

24,315

24,315

Dividends

(500

)

(500

)

At 31 March 2025

181,520

251,615

433,135

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr H A Poswall

Balance outstanding at start of year

(283,756

)

(282,756

)

Amounts advanced

7,000

-

Amounts repaid

(500

)

(1,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(277,256

)

(283,756

)

9.	RELATED PARTY DISCLOSURES

The company was under the control of Mr H A Poswall throughout the current and previous period. Mr H A Poswall is the managing director and sole shareholder.

The company owns a 50% share of 5 Onslow Road along with GMP Properties (Southampton) Ltd.

The Other debtor balance of £114,682 (2024: £114,682) are monies that are owed by GMP Properties (Southampton) Ltd.