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Registration number: 09591933

Harc Holdings Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

Harc Holdings Limited

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Statement of comprehensive income | 4
Statement of financial position | 5
Statement of Changes in Equity | 6
Notes to the Unaudited Financial Statements | 7 to 12
Detailed Statement of comprehensive income | 13 to 14

Harc Holdings Limited

Company Information

Directors | Mrs Andrea Coulson Mr Harley Clive Coulson

Registered office | 19 King Street King's Lynn Norfolk PE30 1HB

Accountants | Hayhow & Co Chartered Certified Accountants & Business Advisers19 King Street King's Lynn Norfolk PE30 1HB

Harc Holdings Limited

Directors' Report for the Year Ended 30 June 2025

The directors present their report and the financial statements for the year ended 30 June 2025.

Directors of the company

The directors who held office during the year were as follows:

Mrs Andrea Coulson

Mr Harley Clive Coulson

Principal activity

The principal activity of the company is that of a holding company.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 30 November 2025 and signed on its behalf by:

......................................... Mrs Andrea Coulson Director

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Harc Holdings Limited
for the Year Ended 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harc Holdings Limited for the year ended 30 June 2025 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Harc Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Harc Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Harc Holdings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harc Holdings Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Harc Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Harc Holdings Limited. You consider that Harc Holdings 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 accounts of Harc Holdings 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 accounts.

......................................
Hayhow & Co
Chartered Certified Accountants & Business Advisers
19 King Street
King's Lynn
Norfolk
PE30 1HB

30 November 2025

Harc Holdings Limited

Statement of comprehensive income
for the Year Ended 30 June 2025

| Note | 2025 £ | 2024 £
Turnover |  | 22,000 | 22,000
Gross profit |  | 22,000 | 22,000
Administrative expenses |  | (6,460) | (3,234)
Operating profit |  | 15,540 | 18,766
Other interest receivable and similar income |  | 40,259 | 76,741
Interest payable and similar expenses |  | (9,112) | (8,691)
|  | 31,147 | 68,050
Profit before tax | 4 | 46,687 | 86,816
Tax on profit |  | (972) | (1,914)
Profit for the financial year |  | 45,715 | 84,902

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Harc Holdings Limited

(Registration number: 09591933)
Statement of financial position as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 216,593 | 219,847
Current assets |  |  |
Debtors | 6 | 5,459 | 5,547
Investments | 7 | 134,923 | 134,923
Cash at bank and in hand |  | 10,357 | 12,110
|  | 150,739 | 152,580
Creditors: Amounts falling due within one year | 8 | (64,341) | (63,378)
Net current assets |  | 86,398 | 89,202
Total assets less current liabilities |  | 302,991 | 309,049
Creditors: Amounts falling due after more than one year | 8 | (87,653) | (98,446)
Provisions for liabilities |  | (471) | (1,192)
Net assets |  | 214,867 | 209,411
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | 214,767 | 209,311
Shareholders' funds |  | 214,867 | 209,411

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved and authorised by the Board on 30 November 2025 and signed on its behalf by:

......................................... Mrs Andrea Coulson Director

Harc Holdings Limited

Statement of Changes in Equity for the Year Ended 30 June 2025

| Share capital £ | Retained earnings £ | Total £
At 1 July 2024 | 100 | 209,311 | 209,411
Profit for the year | - | 45,715 | 45,715
Dividends | - | (40,259) | (40,259)
At 30 June 2025 | 100 | 214,767 | 214,867

| Share capital £ | Retained earnings £ | Total £
At 1 July 2023 | 100 | 202,079 | 202,179
Profit for the year | - | 84,902 | 84,902
Dividends | - | (77,670) | (77,670)
At 30 June 2024 | 100 | 209,311 | 209,411

Harc Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
19 King Street
King's Lynn
Norfolk
PE30 1HB

These financial statements were authorised for issue by the Board on 30 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

Harc Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Property | Not depreciated
Fixtures and fittings | 25% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Harc Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 3,255 | 2,442

Harc Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Total £
Cost or valuation
At 1 July 2024 | 209,269 | 57,826 | 267,095
At 30 June 2025 | 209,269 | 57,826 | 267,095
Depreciation
At 1 July 2024 | - | 47,248 | 47,248
Charge for the year | - | 3,254 | 3,254
At 30 June 2025 | - | 50,502 | 50,502
Carrying amount
At 30 June 2025 | 209,269 | 7,324 | 216,593
At 30 June 2024 | 209,269 | 10,578 | 219,847

Included within the net book value of land and buildings above is £209,269 (2024 - £209,269) in respect of freehold land and buildings. In the opinion of the director the value of the land and buildings is not in excess of it's historical cost.

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 5,000 | 5,000
Prepayments | 459 | 547
| 5,459 | 5,547

7 | Current asset investments

| 2025 £ | 2024 £
Shares in group undertakings | 134,923 | 134,923

Harc Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 8,425 | 6,651
Amounts due to related parties | 11 | 53,282 | 52,495
Social security and other taxes |  | 17 | 1,133
Accruals |  | 925 | 900
Tax liability |  | 1,692 | 2,199
|  | 64,341 | 63,378
Due after one year |  |  |
Loans and borrowings | 10 | 87,653 | 98,446

Other creditors include amounts owing to the director of £9,031 (2024 - £9,031).

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 87,653 | 98,446

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured against the asset to which they relate.

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.

Harc Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 87,653 | 98,446

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 8,425 | 6,651

11 | Related party transactions

Summary of transactions with other related parties

The company received dividends of £40,259 (2024: 76,741 and rent of £22,000 (2024: 22,000) from D A Seaman Ltd, it's subsidiary company. The company owed £44,250 (2024 43,264) to D A Seaman Ltd.
The director of D A Seaman Ltd is also the director of Harc Holdings Limited.
The company is the ultimate holding company of D A Seaman Limited. At 30th June 2024 the balance sheet value of D A Seaman Limited amounted to £199,952.

Harc Holdings Limited

Detailed Statement of comprehensive income for the Year Ended 30 June 2025

| 2025 £ | 2024 £
turnover | 22,000 | 22,000
Gross profit (%) | 100% | 100%
Administrative expenses |  |
Establishment costs | 2,074 | (204)
General administrative expenses | 1,035 | 900
Finance charges | 96 | 96
Depreciation costs | 3,255 | 2,442
| 6,460 | 3,234
Operating profit | 15,540 | 18,766
Other interest receivable and similar income | 40,259 | 76,741
Interest payable and similar charges | (9,112) | (8,691)
| 31,147 | 68,050
Profit before tax | 46,687 | 86,816

Harc Holdings Limited

Detailed Statement of comprehensive income for the Year Ended 30 June 2025

| 2025 £ | 2024 £

Turnover |  |
Rent receivable | 22,000 | 22,000

Establishment costs |  |
Insurance | 874 | (204)
Repairs and maintenance | 1,200 | -
| 2,074 | (204)

General administrative expenses |  |
Accountancy fees | 950 | 900
Legal and professional fees | 85 | -
| 1,035 | 900

Finance charges |  |
Bank charges | 96 | 96

Depreciation costs |  |
Depreciation of other tangible (owned) | 3,255 | 2,442

Other interest receivable and similar income |  |
Dividend income | 40,259 | 76,741

Interest payable and similar expenses |  |
Bank loan interest payable | 9,112 | 8,691