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Registered number: 10670335
Harriet George Properties Limited
Financial Statements
For The Year Ended 31 March 2026
Tax & Accounts SW Ltd
Chartered Tax Advisers
92 Fore Street
Kingsbridge
Devon
TQ7 1PP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10670335
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 478,592 498,183
478,592 498,183
CURRENT ASSETS
Debtors 5 37,271 166,385
Cash at bank and in hand 926,720 803,623
963,991 970,008
Creditors: Amounts Falling Due Within One Year 6 (97,252 ) (212,044 )
NET CURRENT ASSETS (LIABILITIES) 866,739 757,964
TOTAL ASSETS LESS CURRENT LIABILITIES 1,345,331 1,256,147
Creditors: Amounts Falling Due After More Than One Year 7 - (834 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,929 ) (24,800 )
NET ASSETS 1,325,402 1,230,513
CAPITAL AND RESERVES
Called up share capital 9 500 500
Profit and Loss Account 1,324,902 1,230,013
SHAREHOLDERS' FUNDS 1,325,402 1,230,513
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Harriet George
Director
19 May 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Harriet George Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10670335 . The registered office is 1 Kings Market, 74 Fore Street, Kingsbridge, Devon, TQ7 1PR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10 years Straight line
Plant & Machinery 20% Reducing balance
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 3 years Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 1)
2 1
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 April 2025 396,183 4,484 35,769 87,589
Additions - - 200 -
As at 31 March 2026 396,183 4,484 35,969 87,589
Depreciation
As at 1 April 2025 - 1,342 17,831 8,759
Provided during the period - 448 3,627 15,766
As at 31 March 2026 - 1,790 21,458 24,525
Net Book Value
As at 31 March 2026 396,183 2,694 14,511 63,064
As at 1 April 2025 396,183 3,142 17,938 78,830
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Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2025 3,353 8,769 536,147
Additions - 1,083 1,283
As at 31 March 2026 3,353 9,852 537,430
Depreciation
As at 1 April 2025 1,761 8,271 37,964
Provided during the period 238 795 20,874
As at 31 March 2026 1,999 9,066 58,838
Net Book Value
As at 31 March 2026 1,354 786 478,592
As at 1 April 2025 1,592 498 498,183
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 31,350 154,875
Prepayments and accrued income 5,921 5,621
Director's loan account - 5,889
37,271 166,385
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Corporation tax 78,601 150,563
VAT 10,332 57,991
Accruals and deferred income 3,959 3,490
Director's loan account 4,360 -
97,252 212,044
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts - 834
8. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years - 834
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9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 500 500
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Mrs Harriet George 5,888 - 5,888 - -
The above loan is unsecured, interest free and repayable on demand.
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