REGISTERED NUMBER: 08677085 (England and Wales)

HARCOURT 2015 LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTOR:

Mrs T A R Shippey

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

REGISTERED NUMBER:

08677085 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Tangible assets

4

3,785

4,731

Investment property

5

445,000

445,000

448,785

449,731

CURRENT ASSETS

Stocks

-

525

Debtors

6

16,233

10,543

Cash at bank

1,295

2,667

17,528

13,735

CREDITORS

Amounts falling due within one year

7

115,314

137,183

NET CURRENT LIABILITIES

(97,786

)

(123,448

)

TOTAL ASSETS LESS CURRENT LIABILITIES

350,999

326,283

CREDITORS

Amounts falling due after more than one year

8

(342,179

)

(279,073

)

PROVISIONS FOR LIABILITIES

(12,395

)

(12,395

)

NET (LIABILITIES)/ASSETS

(3,575

)

34,815

CAPITAL AND RESERVES

Called up share capital

10

1

1

Other reserves

11

37,185

37,185

Retained earnings

(40,761

)

(2,371

)

SHAREHOLDERS' FUNDS

(3,575

)

34,815

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 her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

Mrs T A R Shippey - Director

1.	STATUTORY INFORMATION

Harcourt 2015 Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the fair value of rents receivable which are recognised over the period of the lease or at payment date for the short stay.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Tangible fixed assets are held at cost less accumulated depreciation.

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.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

21,222

DEPRECIATION

At 1 April 2024

16,491

Charge for year

946

At 31 March 2025

17,437

NET BOOK VALUE

At 31 March 2025

3,785

At 31 March 2024

4,731

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

445,000

NET BOOK VALUE

At 31 March 2025

445,000

At 31 March 2024

445,000

The investment properties were valued by the directors as at 31 March 2025 by considering the fair values of recent, comparable property sales in the local area.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2018

48,575

Cost

396,425

445,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

8,281

8,281

Other debtors

4,452

2,262

Prepayments and accrued income

3,500

-

16,233

10,543

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,944

3,896

Trade creditors

3,490

3,661

Other creditors

100,679

126,926

Directors' current accounts

4,701

299

Accruals and deferred income

2,500

2,401

115,314

137,183

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,565

3,944

Bank loans - 2-5 years

-

3,154

Bank loans more 5 yrs non-inst

336,614

271,975

342,179

279,073

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

336,614

271,975

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

346,123

282,969

The bank loan is secured on the company's investment property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

1

1

1

11.

RESERVES

Other

reserves

£

At 1 April 2024

and 31 March 2025

37,185

The reserve relates to the revaluation of the investment property owned by the company.

12.	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:

2025

2024

£

£

Mrs T A R Shippey

Balance outstanding at start of year

(300

)

1,194

Amounts advanced

300

-

Amounts repaid

-

(1,494

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(300

)

13.	RELATED PARTY DISCLOSURES

Included with other creditors due less than one year is £100,679 (2024 - £126,926) which is owed to connected companies which share the same director.

Included within other debtors is £8,281 (2024 - £8,281) which is owed from connected companies which share the same director.

14.	GOING CONCERN

The company incurred a net loss after taxation of £38,390 during the year (2024 - £7,735)

At the statement of financial position date the company had net liabilities of £3,575 (2024 - assets £34,815).

The company meets its day to day working capital requirements from loans provided by group companies. The financial statements have been prepared on the going concern basis, the validity of which, depends on the continued support of the parent company and related party companies, which the directors expect to continue for the foreseeable future.