Harbour Business Centres Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC425465

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		15,904		21,205
Investment Properties	5		1,257,700		1,257,700

			1,273,604		1,278,905
CURRENT ASSETS
Stocks	6	67,575		-
Debtors	7	172,560		271,197
Cash at bank and in hand		4,589		22,571

		244,724		293,768
Creditors: Amounts Falling Due Within One Year	8	(89,066 )		(60,369 )

NET CURRENT ASSETS (LIABILITIES)			155,658		233,399

TOTAL ASSETS LESS CURRENT LIABILITIES			1,429,262		1,512,304

NET ASSETS			1,429,262		1,512,304

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			1,429,260		1,512,302

SHAREHOLDERS' FUNDS			1,429,262		1,512,304

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Harbour Business Centres Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Dr Andrei Mikheev

Director

15/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Harbour Business Centres Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC425465 . The registered office is c/o Glass Accountancy Limited, Duddingston Yards, Edinburgh, EH15 3NT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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:

Plant & Machinery	25%
Fixtures & Fittings	25%

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Harbour Business Centres Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2025	29,699	129,300	158,999

As at 31 December 2025	29,699	129,300	158,999

Depreciation
As at 1 January 2025	8,494	129,300	137,794
Provided during the period	5,301	-	5,301

As at 31 December 2025	13,795	129,300	143,095

Net Book Value
As at 31 December 2025	15,904	-	15,904

As at 1 January 2025	21,205	-	21,205

5. Investment Property

	2025
	£
Fair Value
As at 1 January 2025 and 31 December 2025	1,257,700
Additions	-

As at 31 December 2025	1,257,700

6. Stocks

	2025	2024
	£	£
Work in progress	67,575	-

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	38,496	38,606
Prepayments and accrued income	7,826	19,284
Other debtors	1	1
Premium Lets Limited - Other Debtor	111,000	200,000
HR Information Limited - Other Debtor	13,306	13,306
DTL - Other debtor	1,930	-
Other debtors (5)	1	-

	172,560	271,197

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Harbour Business Centres Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	46,144	13,514
Bank loans and overdrafts	27	27
VAT	275	5,513
Other creditors (1)	19,869	17,940
Accruals and deferred income	22,751	23,375

	89,066	60,369

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

10. Related Party Transactions

Infogistics Limited and H R Information Limited are companies under the joint control of A Mikheev and S P Finch.

Included within other debtors/(creditors) at the year end was an amount £13,306 (2024: £13,306) due from HR Information Limited. This amount is unsecured, interest free and payable on demand.

Included within other debtors is an amount of £111,000 (2024: £200,000) due from Premium Lets Limited, a company controlled by S P Finch.

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