H E Harford & Son Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00586898

H E Harford & Son Limited

Filleted Unaudited Financial Statements

31 March 2025

H E Harford & Son Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	1,523,442	1,522,289

Current assets

Debtors	7	53,245	46,733
Cash at bank and in hand		45,325	36,941
		--------	--------
		98,570	83,674

Creditors: amounts falling due within one year	8	524,525	523,335
		---------	---------
Net current liabilities		425,955	439,661
		------------	------------
Total assets less current liabilities		1,097,487	1,082,628

Creditors: amounts falling due after more than one year	9	498,215	497,585

Provisions	245,830	245,830
	------------	------------
Net assets	353,442	339,213
	------------	------------

Capital and reserves

Called up share capital		5,000	5,000
Profit and loss account	10	348,442	334,213
		---------	---------
Shareholder funds		353,442	339,213
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The member has 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 Act with respect to accounting records and the preparation of financial statements .

H E Harford & Son Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

Mr R M Taher

Director

Company registration number: 00586898

H E Harford & Son Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Office 7 53a High Street, Esher, KT10 9RQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Related party transactions

Transactions with wholly owned group undertakings have not been disclosed.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs.

Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

If an arrangement constitutes a financing transaction with a company under common control, it is measured at amortised cost. Other financing transactions are measured at present value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, stated net of discounts and of Value Added Tax. Rental income is recognised in the period to which it relates.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office furniture and equipment	-	25% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	3,417	400
	-------	----
Tax on profit	3,417	400
	-------	----

6. Tangible assets

	Investment property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2024	1,521,574	3,457	1,525,031
Additions	1,431	–	1,431
	------------	-------	------------
At 31 March 2025	1,523,005	3,457	1,526,462
	------------	-------	------------
Depreciation
At 1 April 2024	–	2,742	2,742
Charge for the year	–	278	278
	------------	-------	------------
At 31 March 2025	–	3,020	3,020
	------------	-------	------------
Carrying amount
At 31 March 2025	1,523,005	437	1,523,442
	------------	-------	------------
At 31 March 2024	1,521,574	715	1,522,289
	------------	-------	------------

Investment properties are stated at directors' valuations on an open market basis at the balance sheet date.

7. Debtors

	2025	2024
	£	£
Trade debtors	3,500	3,500
Other debtors	49,745	43,233
	--------	--------
	53,245	46,733
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	23,849	23,849
Corporation tax	3,420	404
Social security and other taxes	–	2,082
Other creditors	497,256	497,000
	---------	---------
	524,525	523,335
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	498,215	497,585
	---------	---------

Bank borrowings are secured over the company's investment property.

10. Reserves

The profit and loss account reserve records retained earnings and accumulated losses. At the balance sheet date, the profit and loss account included accumulated unrealised profits of £737,489 (2024: £737,489) which are not available for distribution.

11. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
The directors	4,988	4,547	( 476,441)	( 481,429)
	-------	-------	---------	---------

12. Parent company

The parent company is Apollo Real Estate Limited, a company registered in England.