Harbour Light Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05717585 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HARBOUR LIGHT PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTOR:

Mr Poorun Bhugooa

REGISTERED OFFICE:

Woodland House

Woodland Way

Purley

Surrey

CR8 2HU

REGISTERED NUMBER:

05717585 (England and Wales)

ACCOUNTANTS:

Hayford & Co Accountancy Services Ltd

Chartered Certified Accountants

& Statutory Auditors

27 Avenons Road

London

E13 8HU

FIXED ASSETS

Intangible assets

4

2,000

6,000

Tangible assets

5

569

759

Investment property

6

822,500

825,069

829,259

CURRENT ASSETS

Cash at bank

95,400

114,389

CREDITORS

Amounts falling due within one year

7

200,887

221,135

NET CURRENT LIABILITIES

(105,487

)

(106,746

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

719,582

722,513

CREDITORS

Amounts falling due after more than one
year

8

(231,025

)

(247,416

)

PROVISIONS FOR LIABILITIES

(40,837

)

(40,837

)

NET ASSETS

447,720

434,260

CAPITAL AND RESERVES

Called up share capital

9

418

Fair value reserve

10

171,648

Retained earnings

10

275,654

262,194

SHAREHOLDERS' FUNDS

447,720

434,260

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 director acknowledges his 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 director and authorised for issue on 27 April 2026 and were signed by:

Mr Poorun Bhugooa - Director

1.	STATUTORY INFORMATION

Harbour Light Properties 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment properties, which comprise properties held for rental, are revalued each year to fair value (equivalent to open market value) and aggregate surplus or deficit transferred to the Fair Value Reserve.

The cost less depreciation model is used only if fair value cannot be measured reliably without undue cost or effort. No provision is made for depreciation of investment properties. This is a departure from the requirements of the Regulations, which require all properties to be depreciated, is in the opinion of the Directors, necessary for Financial Statement to show a true and fair view in accordance with applicable accounting standards. If this departure had not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

No going concern

No material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern have been identified by the directors.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

80,000

AMORTISATION

At 1 April 2024

74,000

Amortisation for year

4,000

At 31 March 2025

78,000

NET BOOK VALUE

At 31 March 2025

2,000

At 31 March 2024

6,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

700

7,917

8,617

DEPRECIATION

At 1 April 2024

576

7,282

7,858

Charge for year

31

159

190

At 31 March 2025

607

7,441

8,048

NET BOOK VALUE

At 31 March 2025

93

476

569

At 31 March 2024

124

635

759

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

822,500

NET BOOK VALUE

At 31 March 2025

822,500

At 31 March 2024

822,500

The Investment Property was revalued by the director to fair value (equivalent to open market value) as at 31 March 2025. The company directors, as required by FRS 102, to remeasure all Investment properties to fair value as at the balance sheet date. They have assessed the fair value based on properties of similar in nature and in the same surrounding areas where the property is located. After the assessment, substantiated by the information gathered, the director concluded that there were no significant movement in the market price to be reported and values to be equal to amount reported last year

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

45,310

Taxation and social security

10,066

11,051

Other creditors

145,511

164,774

200,887

221,135

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Other creditors

231,025

247,416

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1

Ordinary

£1

418

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 April 2024

262,194

171,648

433,842

Profit for the year

13,460

At 31 March 2025

275,654

171,648

447,302

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed its director £141,163 (2024 : £161,163).

The following reproduces the text of the report prepared for the director 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 Director 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 Harbour Light Properties 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Harbour Light Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harbour Light Properties Limited and state those matters that we have agreed to state to the director of Harbour Light Properties Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://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 the company and its director for our work or for this report.

It is your duty to ensure that Harbour Light Properties 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 profit of Harbour Light Properties Limited. You consider that Harbour Light Properties 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 Harbour Light Properties 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.

Hayford & Co Accountancy Services Ltd

Chartered Certified Accountants

& Statutory Auditors

27 Avenons Road

London

E13 8HU

27 April 2026