REGISTERED NUMBER: 12067655 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

HARBOUR BUILDINGS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P Bailey

G R Harvey

REGISTERED OFFICE:

4 Empire Way

Gloucester Empire Way

Gloucester

GL2 5HY

REGISTERED NUMBER:

12067655 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4th Floor

St James House

St James Square

Cheltenham

Gloucestershire

GL50 3PR

FIXED ASSETS

Property, plant and equipment

4

85,736

118,541

Investment property

5

1,173,278

350,000

1,259,014

468,541

CURRENT ASSETS

Debtors

6

9,970

276,338

Cash at bank and in hand

21,040

75,835

31,010

352,173

CREDITORS

Amounts falling due within one year

7

691,870

475,471

NET CURRENT LIABILITIES

(660,860

)

(123,298

)

TOTAL ASSETS LESS CURRENT LIABILITIES

598,154

345,243

CREDITORS

Amounts falling due after more than one year

8

(307,038

)

(62,321

)

PROVISIONS FOR LIABILITIES

(68,027

)

(67,635

)

NET ASSETS

223,089

215,287

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

139,781

114,000

Retained earnings

83,208

101,187

SHAREHOLDERS' FUNDS

223,089

215,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 January 2026 and were signed on its behalf by:

P Bailey - Director

1.	STATUTORY INFORMATION

Harbour Buildings 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost and 20% on cost

Office equipment

-

25% 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.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Short-term debtors are measured at the transaction price, less any subsequent impairment.

Short-term creditors are measured at the transaction price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2024 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 May 2024

500

222,792

1,200

224,492

Additions

-

29,414

-

29,414

Disposals

-

(54,950

)

-

(54,950

)

At 30 April 2025

500

197,256

1,200

198,956

Depreciation

At 1 May 2024

500

104,251

1,200

105,951

Charge for year

-

45,734

-

45,734

Eliminated on disposal

-

(38,465

)

-

(38,465

)

At 30 April 2025

500

111,520

1,200

113,220

Net book value

At 30 April 2025

-

85,736

-

85,736

At 30 April 2024

-

118,541

-

118,541

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 May 2024

118,557

Additions

29,414

Disposals

(54,950

)

Transfer to ownership

(26,100

)

At 30 April 2025

66,921

Depreciation

At 1 May 2024

59,832

Charge for year

25,858

Eliminated on disposal

(38,465

)

Transfer to ownership

(20,119

)

At 30 April 2025

27,106

Net book value

At 30 April 2025

39,815

At 30 April 2024

58,725

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 May 2024

350,000

Additions

788,903

Revaluations

34,375

At 30 April 2025

1,173,278

Net book value

At 30 April 2025

1,173,278

At 30 April 2024

350,000

Investment properties were valued by the directors on a market value basis at 30 April 2024 in accordance with note 2.

Fair value at 30 April 2025 is represented by:

£

Valuation in 2021

240,000

Valuation in 2024

110,000

Valuation in 2025

823,278

1,173,278

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

636

4,799

Other debtors

9,334

271,539

9,970

276,338

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

37,490

8,464

Hire purchase contracts

14,565

19,137

Trade creditors

8,673

240

Amounts owed to group undertakings

615,669

300,329

Taxation and social security

12,231

-

Other creditors

3,242

147,301

691,870

475,471

Hire purchase liabilities are secured on the underlying assets.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

286,048

52,710

Hire purchase contracts

20,990

9,611

307,038

62,321

Hire purchase liabilities are secured on the underlying assets.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgage

323,538

58,654

Included within loans due under and over one year is a mortgage secured against the commercial property owned by the company.