Silverfin false false 30/06/2025 01/07/2024 30/06/2025 M C Hannant 10/10/2022 N W Hannant 15/12/2018 S Hannant 10/10/2022 12 March 2026 The principal activity of the Company during the financial year was the letting and operating of owned or leased real estate. 07437539 2025-06-30 07437539 bus:Director1 2025-06-30 07437539 bus:Director2 2025-06-30 07437539 bus:Director3 2025-06-30 07437539 2024-06-30 07437539 core:CurrentFinancialInstruments 2025-06-30 07437539 core:CurrentFinancialInstruments 2024-06-30 07437539 core:ShareCapital 2025-06-30 07437539 core:ShareCapital 2024-06-30 07437539 core:RetainedEarningsAccumulatedLosses 2025-06-30 07437539 core:RetainedEarningsAccumulatedLosses 2024-06-30 07437539 core:CostValuation 2024-06-30 07437539 core:CostValuation 2025-06-30 07437539 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2025-06-30 07437539 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-06-30 07437539 2024-07-01 2025-06-30 07437539 bus:FilletedAccounts 2024-07-01 2025-06-30 07437539 bus:SmallEntities 2024-07-01 2025-06-30 07437539 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 07437539 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 07437539 bus:Director1 2024-07-01 2025-06-30 07437539 bus:Director2 2024-07-01 2025-06-30 07437539 bus:Director3 2024-07-01 2025-06-30 07437539 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 07437539 (England and Wales)

# HANNANT DEVELOPMENTS LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

HANNANT DEVELOPMENTS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

HANNANT DEVELOPMENTS LIMITED

## BALANCE SHEET

As at 30 June 2025
HANNANT DEVELOPMENTS LIMITED

## BALANCE SHEET (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 1,125,000 |  | 1,125,000
Investments | 4 | 100 |  | 100
|  | 1,125,100 |  | 1,125,100
Current assets |  |  |  |
Debtors | 5 | 10,996 |  | 11,975
Cash at bank and in hand |  | 66,493 |  | 63,762
|  | 77,489 |  | 75,737
Creditors: amounts falling due within one year | 6 | ( 72,589) |  | ( 89,924)
Net current assets/(liabilities) |  | 4,900 |  | (14,187)
Total assets less current liabilities |  | 1,130,000 |  | 1,110,913
Provision for liabilities | 7 | ( 142,393) |  | ( 142,393)
Net assets |  | 987,607 |  | 968,520
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 987,507 |  | 968,420
Total shareholder's funds |  | 987,607 |  | 968,520

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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Hannant Developments Limited (registered number: 07437539) were approved and authorised for issue by the Board of Directors on 12 March 2026. They were signed on its behalf by:

N W Hannant Director |

HANNANT DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
HANNANT DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

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.

##### General information and basis of accounting

The company is a private company limited by share capital, incorporated in England.
The address of its registered office and principal place of business is:
162-164 Ravenscroft Road
BECKENHAM
Kent
BR3 4TW
England
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including section 1A of Financial Reporting Standard 102 - 'The Financial Reporting standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102 1A'), and with the Companies Act 2006.
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.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

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 and after eliminating sales within the company.
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.

##### Taxation

Current tax
The tax expense for the period comprises current 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 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.
Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors and from time to time by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment, except where the effect of discounting would be immaterial. 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 debtors.

##### 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 and other creditors

Trade and other creditors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, except where the effect of discounting would be immaterial. In such cases creditors are stated at transaction price.

##### Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Financial assets are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.
Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.
Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.
Impairment
Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 July 2024 | 1,125,000
As at 30 June 2025 | 1,125,000

Valuation

The fair value of investment property has been arrived at on the basis of a valuation carried out at 30 June 2025 by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

#### 4. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 July 2024 | 100
At 30 June 2025 | 100
Carrying value at 30 June 2025 | 100
Carrying value at 30 June 2024 | 100

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 0 |  | 1,085
Other debtors | 10,996 |  | 10,890
| 10,996 |  | 11,975

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 821 |  | 768
Amounts owed to own subsidiaries | 56,175 |  | 58,676
Taxation and social security | 4,477 |  | 7,150
Other creditors | 11,116 |  | 23,330
| 72,589 |  | 89,924

#### 7. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 142,393 |  | 142,393

#### 8. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to Director | 7,111 |  | 19,516

The loan to the director from the company is unsecured, interest free and repayable on demand.

The company has taken advantage of the exemption in FRS 102 1AC.35 "Related Party Disclosures" from disclosing transactions with other members of the group.

#### 9. Reserves

The profit and loss account includes £448,292 (2024 - £448,292) of non-distributable reserves relating to the revaluation of investment properties.