For the financial year 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

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

Hardinvale Limited is a private company limited by shares incorporated in England and Wales. The registered office is Swift House, Ground Floor, 18 Hoffmanns Way, Chelmsford, Essex, CM1 1GU.

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 amounts 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 investment properties at fair value. The principal accounting policies adopted are set out below.

The company is in a net current liabilities position of £true81,256 at the balance sheet date. This includes creditor balances of £44,747 due to connected companies, which the parent undertaking has confirmed in writing to the directors it will not recall until the company is in a position to repay this and for at least 12 months from the date these financial statements are signed.

The directors have considered the forecasted future operations of the company and that the ultimate parent undertaking has confirmed to provide continuing financial support to the company, and have concluded that the company will have adequate resources to continue in business for the foreseeable future, being at least 12 months from the date of approval of these financial statements.

The company recognises revenue from the following major sources:

• Rent receivable

• Service charge

• Insurance recharge

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.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Rental income is recognised on a straight line basis over the lease term, unless another systematic basis is more representative of the time pattern in which benefit derived from the leased asset is diminished .

Rental income is measured at the fair value of the consideration received or receivables, net of any incentives provided to lessees.

Revenue from service charges and insurance recharges is recognised on a straight line basis by reference of cost incurred, recharge income is measured at the contractually from the tenants typically based on actual expenses.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

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.

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, which include debtors and cash and bank balances, 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.

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 payments 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. Amounts 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.

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.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Finance costs

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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.

Investment properties are recorded at their fair value which is reviewed annually by the directors using market values of similar properties in the area of size and value.

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

Investment property comprises Nobel Square, Courtauld Road, Basildon. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The Directors' have reviewed the value of the properties held at year end to provide a total value of £1,860,772 at 31 March 2025.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially registered at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement.

Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

A charge registered on 12th June 2009 is held over rental income from Nobel Square, Swinborne road, Basildon to the benefit of Santander (formerly Abbey National).

A charge registered on 12th June 2009 is held over freehold premises at Nobel Square, Swinborne road, Basildon to the benefit of Santander (formerly Abbey National).

A charge registered on 12th June 2009 is held over rental income from Nobel Square, Swinborne road, Basildon to the benefit of Santander (formerly Abbey National).

A charge registered on 12th June 2009 is held over freehold premises at Nobel Square, Swinborne road, Basildon to the benefit of Santander (formerly Abbey National).

The fair value reserve represents the uplift in the company's investment properties, net of deferred taxation in line with the requirements of FRS 102. These reserves are unrealised and represent non-distributable reserves.

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

At the statement of financial position date, included within amounts owed to group undertakings the company owed £16,702 (2024: £6,730) to Clear Views Hotels Limited which is a company with common control.

At the statement of financial position date, included within other creditors the company owed £29,083 (2024: £21,821) to Wrenwray Limited which is a company with common control.

At the statement of financial position date, included within other creditors the company owed nil (2024: £12,000) to Glanaber Estates Limited which was a company with common control however as of 15 April 2025 the company has been dissolved.

The immediate parent company is Clear View Hotels Limited, which is a Company incorporated in England and Wales. Company number: 00316543. Registered Office: Swift House, Ground Floor, 18 Hoffmans Way, Chelmsford, Essex, England, CM1 1GU.

The ultimate parent company is Planecode Limited, which is a Company incorporated in England and Wales. Company number: 03765742. Registered Office: Swift House, Ground Floor, 18 Hoffmans Way, Chelmsford, Essex, England, CM1 1GU.

An adjustment of £27,292 has been made to Cash at bank and in hand which relates to debtors previously balance was overstated as a result of a bank account being incorrectly classified as a debtor.

An adjustment of £8,367 has been made to insurance which relates to insurance recharges being allocated to administrative expenses understating insurance expenses.