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Registration number: 15068645

Hartley Property Developments Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Hartley Property Developments Ltd

Contents

Company Information | 1
Statement of Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

Hartley Property Developments Ltd

Company Information

Directors | Mr AW Hartley Mrs M Hartley

Registered office | Horrobin Farm Bolton Road Hoghton Preston, Lancashire Lancashire PR5 0SP

Accountants | McDade Roberts Accountants Ltd Chartered Accountants316 Blackpool Road Preston Lancashire PR2 3AE

Hartley Property Developments Ltd

(Registration number: 15068645)
Statement of Financial Position as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 670,247 | 119,698
Current assets |  |  |
Debtors | 5 | 1,764 | -
Cash at bank and in hand |  | 4,851 | 4,535
|  | 6,615 | 4,535
Creditors: Amounts falling due within one year | 6 | (347,182) | (130,198)
Net current liabilities |  | (340,567) | (125,663)
Total assets less current liabilities |  | 329,680 | (5,965)
Creditors: Amounts falling due after more than one year | 6 | (345,875) | -
Net liabilities |  | (16,195) | (5,965)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | (16,295) | (6,065)
Shareholders' deficit |  | (16,195) | (5,965)

Hartley Property Developments Ltd

(Registration number: 15068645)
Statement of Financial Position as at 31 August 2025 (continued)

For the financial year 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 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 and 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 Income Statement.

Approved and authorised by the Board on 23 March 2026 and signed on its behalf by:

......................................... Mrs M Hartley Director

Hartley Property Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 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:
Horrobin Farm
Bolton Road
Hoghton
Preston, Lancashire
Lancashire
PR5 0SP

These financial statements were authorised for issue by the Board on 23 March 2026.

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.

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

Hartley Property Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2 | Accounting policies (continued)

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 income statement 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 year, was 2 (2024 - 2).

4 | Investment properties

| 2025 £
At 1 September | 119,698
Additions | 550,549
At 31 August | 670,247

Investment property is included at fair value and is reviewed each year.

5 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 1,764 | -
| 1,764 | -

Hartley Property Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 1,020 | 8,175
Other creditors | 346,162 | 122,023
| 347,182 | 130,198

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 345,875 | -

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 115,875 | -
Other borrowings | 230,000 | -
| 345,875 | -

Bank borrowings

The Mortgage Works is denominated in GBP with a nominal interest rate of 4.99%, and the final instalment is due on 6 December 2049. The carrying amount at year end is £115,875 (2024 - £Nil). The Mortgage Works has a charge in the form of a mortgage secured against the property of 44 Mercer Road, Lostock Hall, PR5 5TR.

Hartley Property Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

7 | Loans and borrowings (continued)

Other borrowings

Loan with Third Party is denominated in GBP with a nominal interest rate of 2%, and the final instalment is due on 31 December 2028. The carrying amount at year end is £230,000 (2024 - £Nil). Mrs Deborah Dawn Asquith has a legal charge over the property of Brimmicroft Farm, Bolton Road, Hoghton, Preston, PR5 0SP.