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Registered number: OC397457
HARDY MILL PROPERTIES NO6 LLP
REPORT OF THE MEMBERS AND FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2025
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HARDY MILL PROPERTIES NO6 LLP
REGISTERED NUMBER: OC397457
BALANCE SHEET
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Current asset investments
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Loans and other debts due to members within one year
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Other reserves classified as debt
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The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.
The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.
The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
P Smyth for and on behalf of Swansway Group Limited
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HARDY MILL PROPERTIES NO6 LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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DEBT
Members' other interests
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Loans and other debts due to members
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Amounts due from members at 1 January 2024
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Members' remuneration charged as an expense
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Amounts due from members at 31 December 2024
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Amounts due from members at 1 January 2025
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Members' remuneration charged as an expense
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Amounts due from members at 31 December 2025
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HARDY MILL PROPERTIES NO6 LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Hardy Mill Properties No 6 LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
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Members' participation rights
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Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.
Profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment and the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense and presented as members remuneration charged as an expense in arriving at the result for the relevant year. To the extent that they remain unpaid at the period end, they are shown as liabilities.
Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member.
All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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HARDY MILL PROPERTIES NO6 LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Properties available for resale
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Current asset investments represents both work in progress and completed development properties and are valued at the lower of cost and net realisable value. Cost comprises all directly attributable costs. At each balance sheet date, the LLP reviews the value of its development assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the net realisable value of the asset is estimated to determine the value of the impairment loss (if any).
Included within properties available for resale are properties where the risks and rewards of ownership rest with the LLP, which may be different to where the legal title is held.
At the time of approving the financial statements, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.
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Impairment of current assets
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An assessment is made at each reporting date of whether there are indications that a current asset may be impaired or that an impairment loss previously recognised has fully or partially reversed. If such indications exist, the LLP estimates the recoverable amount of the asset.
Shortfalls between the carrying value of current assets and their recoverable amounts, being the higher of fair value less costs to sell and value-in-use, are recognised as impairment losses. All other impairment losses are recognised in profit or loss
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Judgments in applying accounting policies and key sources of estimation uncertainty
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In the application of the LLP's accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
a) Critical judgements in applying the entity's accounting policies
In the opinion of the members there are no critical judgements in applying the accounting policies of the LLP.
b) Critical accounting estimates and assumptions
The LLP makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.
i) Impairment of current assets
The LLP considers whether current assets are impaired. Where an indication of impairment is identified an estimation of the recoverable amount is made. Members deem the value included in the financial statements as fair given information currently available.
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HARDY MILL PROPERTIES NO6 LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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The entity has no employees.
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The average monthly number of employees, including directors, during the year was 0 (2024 - 0).
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Current asset investments
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Properties under construction
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During the year ended 31 December 2022 an impairment of £500,000 was made in respect of the properties under construction.
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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The LLP is party to an unlimited cross guarantee over the assets of the group to which it belongs.
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HARDY MILL PROPERTIES NO6 LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Related party transactions
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At the year end an amount of £4,942,810 (2024: £3,747,962) was owed to Swansway Group Limited, a member.
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Swansway Group Limited is the immediate parent and ultimate parent company. Swansway Group Limited is the smallest and largest company for which consolidated accounts including Hardy Mill Properties No 6 LLP are prepared. The consolidated accounts of Swansway Group Limited are available from Companies House.
The ultimate controlling party is considered to be Mr M. Smyth.
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.
The audit report was signed on 20 April 2026 by Paul Daly BEng FCA (Senior Statutory Auditor) on behalf of Cooper Parry Group Limited.
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