ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 14798096

HART GROUP PROPERTIES LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2025

HART GROUP PROPERTIES LTD

REGISTERED NUMBER: 14798096

BALANCE SHEET

AS AT 30 APRIL 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		285,576		68,004
			285,576		68,004
Current assets
Cash at bank and in hand	5	19,930		150
		19,930		150
Creditors: amounts falling due within one year	6	(46,853)		(69,254)
Net current liabilities			(26,923)		(69,104)
Total assets less current liabilities			258,653		(1,100)
Creditors: amounts falling due after more than one year	7		(265,611)		-
Provisions for liabilities
Deferred tax	9	(1,209)		-
			(1,209)		-
Net liabilities			(8,167)		(1,100)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(8,267)	(1,200)
	(8,167)	(1,100)

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HART GROUP PROPERTIES LTD

REGISTERED NUMBER: 14798096

BALANCE SHEET (CONTINUED)

AS AT 30 APRIL 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 January 2026.

Mr J K Hartson

Director

The notes on pages 3 to 7 form part of these financial statements.

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HART GROUP PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1.	General information

Hart Group Properties Ltd is a private company, limited by shares, registered in England and Wales. The company's registered office address is Unit A, Rockfield Ind. Est., Longford Road, Neath Abbey, Neath, Wales, SA10 7HQ.

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

Monetary amounts in these financial statements are shown to the nearest (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

GOING CONCERN

The financial statements have been prepared on the going concern basis. The director has agreed to continue to support the company for a minimum of twelve months from the date of signing these financial statements. This support will be reviewed at that date.

The company has been able to finance, during the year and post year end, its operations largely because of the support from the directors and other creditors. The advances made to date by the directors are interest free and there are no set terms of repayment. The directors are confident that the company will be able to meet its obligations as they fall due.

On the basis of the above, the directors consider it appropriate to prepare the accounts on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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HART GROUP PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.4

Finance costs

Finance costs are charged to profit or loss 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.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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HART GROUP PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 May 2024	68,004
	Additions at cost	217,572
	At 30 April 2025	285,576

The 2025 valuations were made by [Enter surveyor name here...], on an open market value basis.


	At 30 April 2025

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HART GROUP PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	19,930	150
	19,930	150

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other loans	7,414	-
Amounts owed to associates	2,231	68,054
Other creditors	34,938	-
Accruals and deferred income	2,270	1,200
	46,853	69,254

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Other loans	265,611	-
	265,611	-

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HART GROUP PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Amounts falling due within one year
Other loans	7,414	-
	7,414	-
Amounts falling due 1-2 years
Other loans	265,611	-
	265,611	-


	273,025	-

9.	Deferred taxation

		2025
		£

	Charged to profit or loss	(1,209)
	At end of year	(1,209)

The deferred taxation balance is made up as follows:
	2025	2024
	£	£

	Tax losses carried forward	(1,209)	-
		(1,209)	-

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