Mr & Mrs P Hanlon Portfolio A Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11629766 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MR & MRS P HANLON PORTFOLIO A LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

P A Hanlon

D Hanlon

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

11629766 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

4

1,437

50,772

Investment property

5

13,450,000

13,451,437

13,500,772

CURRENT ASSETS

Cash at bank

21

3,653

CREDITORS

Amounts falling due within one year

6

8,314

8,133

NET CURRENT LIABILITIES

(8,293

)

(4,480

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,443,144

13,496,292

CREDITORS

Amounts falling due after more than one
year

7

(11,290,568

)

(11,371,890

)

PROVISIONS FOR LIABILITIES

(707,500

)

-

NET ASSETS

1,445,076

2,124,402

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

11

1,444,976

2,124,302

SHAREHOLDERS' FUNDS

1,445,076

2,124,402

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

P A Hanlon - Director

1.	STATUTORY INFORMATION

Mr & Mrs P Hanlon Portfolio A 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.

On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover

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

Turnover represents rents received.

Tangible fixed assets

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

Improvements to property

-

33% on cost

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

581,640

DEPRECIATION

At 1 April 2024

530,868

Charge for year

49,335

At 31 March 2025

580,203

NET BOOK VALUE

At 31 March 2025

1,437

At 31 March 2024

50,772

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

13,450,000

NET BOOK VALUE

At 31 March 2025

13,450,000

At 31 March 2024

13,450,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

2,830,000

Cost

10,620,000

13,450,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

5,514

Taxation and social security

100

Other creditors

2,700

2,519

8,314

8,133

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans

7,312,725

7,371,086

Amounts owed to group undertakings

3,977,843

4,000,804

11,290,568

11,371,890

31.3.25

31.3.24

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

17,461

6,433

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

Within one year

-

8,120

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

7,318,239

7,376,600

CHARGES ON THE COMPANY

On 30 June 2023, Shawbrook Bank Limited registered a charge on 100 Dorset Road, Bexhill on Sea, East Sussex plus a further 28 properties as listed on the charge instrument.

On 4 August 2023, Interbay Funding Limited registered a charge on 54 Carisbrooke Road, St Leonards on Sea, East Sussex.

Further details on both charges can be found at:-

https://find-and-update.company-information.service.gov.uk/company/11629766/charges

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

1

100

11.

RESERVES

Retained

earnings

£

At 1 April 2024

2,124,302

Deficit for the year

(595,326

)

Dividends

(84,000

)

At 31 March 2025

1,444,976

The split between non-distributable and distributable reserves are as follows:-

31.3.24

31.3.23

£

Distributable reserves

(677,524

)

(705,698

)

Non-distributable reserves

2,122,500

2,830,000

Total

1,444,976

2,124,302

12.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Mr & Mrs P Hanlon Group Limited (Co No: 10092065), alongside another 3 subsidiaries:-

Mr & Mrs P Hanlon Portfolio B Limited (Co No:11629730)

Mr & Mrs P Hanlon Portfolio C Limited (Co No:14415413)

Mr & Mrs P Hanlon Portfolio D Limited (Co No:13907796)

Any related company balances are shown in the above notes of these financial statements.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mr & Mrs P Hanlon Portfolio A Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Mr & Mrs P Hanlon Portfolio A Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mr & Mrs P Hanlon Portfolio A Limited and state those matters that we have agreed to state to the Board of Directors of Mr & Mrs P Hanlon Portfolio A Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mr & Mrs P Hanlon Portfolio A Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mr & Mrs P Hanlon Portfolio A Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mr & Mrs P Hanlon Portfolio A Limited. You consider that Mr & Mrs P Hanlon Portfolio A Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mr & Mrs P Hanlon Portfolio A Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

31 December 2025