Horsefair Properties Limited 15886203 false 2024-08-08 2025-08-31 2025-08-31 The principal activity of the company is commercial rental property and property development. Digita Accounts Production Advanced 6.30.9574.0 true true 15886203 2024-08-08 2025-08-31 15886203 2025-08-31 15886203 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2025-08-31 15886203 core:CurrentFinancialInstruments 2025-08-31 15886203 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 15886203 core:Non-currentFinancialInstruments 2025-08-31 15886203 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 15886203 bus:SmallEntities 2024-08-08 2025-08-31 15886203 bus:AuditExemptWithAccountantsReport 2024-08-08 2025-08-31 15886203 bus:FilletedAccounts 2024-08-08 2025-08-31 15886203 bus:SmallCompaniesRegimeForAccounts 2024-08-08 2025-08-31 15886203 bus:RegisteredOffice 2024-08-08 2025-08-31 15886203 bus:Director1 2024-08-08 2025-08-31 15886203 bus:Director2 2024-08-08 2025-08-31 15886203 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-08-08 2025-08-31 15886203 bus:PrivateLimitedCompanyLtd 2024-08-08 2025-08-31 15886203 countries:AllCountries 2024-08-08 2025-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15886203

Horsefair Properties Limited
Unaudited Filleted Financial Statements
for the Period from 8 August 2024 to 31 August 2025

Horsefair Properties Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

Horsefair Properties Limited

Company Information

Directors | M C Harris R S Harris

Registered office | Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Accountants | CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Horsefair Properties Limited

(Registration number: 15886203)
Balance Sheet as at 31 August 2025

| Note | 2025 £
Fixed assets |  |
Investment property | 4 | 11,914,396
Current assets |  |
Debtors | 5 | 20,542
Cash at bank and in hand |  | 530,762
|  | 551,304
Creditors: Amounts falling due within one year | 6 | (537,280)
Net current assets |  | 14,024
Total assets less current liabilities |  | 11,928,420
Creditors: Amounts falling due after more than one year | 6 | (11,598,506)
Net assets |  | 329,914
Capital and reserves |  |
Called up share capital | 7 | 2
Retained earnings |  | 329,912
Shareholders' funds |  | 329,914

For the financial period ending 31 August 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 period 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 within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 May 2026 and signed on its behalf by:

R S Harris Director

Horsefair Properties Limited

Notes to the Unaudited Financial Statements for the Period from 8 August 2024 to 31 August 2025

1 | General information

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

The address of its registered office is:
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 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.

Horsefair Properties Limited

Notes to the Unaudited Financial Statements for the Period from 8 August 2024 to 31 August 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually 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.

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 profit and loss account 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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4 | Investment properties

| 2025 £
Additions | 11,914,396
At 31 August | 11,914,396

There has been no valuation of investment property by an independent valuer.

5 | Debtors

Current | 2025 £
Trade debtors | 396
Other debtors | 20,146
| 20,542

Horsefair Properties Limited

Notes to the Unaudited Financial Statements for the Period from 8 August 2024 to 31 August 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £
Due within one year |
Trade creditors | 126,572
Taxation and social security | 111,638
Accruals and deferred income | 99,061
Other creditors | 200,009
| 537,280

Creditors: amounts falling due after more than one year

| Note | 2025 £
Due after one year |  |
Loans and borrowings | 8 | 11,598,506

7 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary of £1 each | 2 | 2

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £
Other borrowings | 11,598,506

9 | Related party transactions

At 31 August 2025 there was a balance due to the directors of £11,798,506 which is included in Creditors. This balance is unsecured, interest free and with no fixed terms of repayment.