REGISTERED NUMBER: 00559461 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 15 JANUARY 2026

FOR

HANWELL LAUNDERETTES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Ms S Stainer

REGISTERED OFFICE:

Langley House

53 Theobald Street

Borehamwood

WD6 4RT

REGISTERED NUMBER:

00559461 (England and Wales)

ACCOUNTANTS:

Accura Accountants Ltd

Langley House

53 Theobald Street

Borehamwood

WD6 4RT

FIXED ASSETS

Tangible assets

3

5,652

5,652

Investment property

4

760,000

11,000

765,652

16,652

CURRENT ASSETS

Cash at bank

315

15

CREDITORS

Amounts falling due within one year

5

18,182

16,237

NET CURRENT LIABILITIES

(17,867

)

(16,222

)

TOTAL ASSETS LESS CURRENT LIABILITIES

747,785

430

PROVISIONS FOR LIABILITIES

10,168

-

NET ASSETS

737,617

430

CAPITAL AND RESERVES

Called up share capital

600

600

Capital reserve

6

2,371

2,371

Fair value reserve

6

738,832

-

Retained earnings

6

(4,186

)

(2,541

)

737,617

430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 15 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 15 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2026 and were signed by:

Ms S Stainer - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property comprises freehold property held to earn rental income and/or for capital appreciation.

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.This is a departure from the Companies Act which requires assets to be depreciated. However, in the opinion of the directors, property is held primarily for their investment potential and so fair value is of more significance as a measure of consumption. They therefore have applied a true and fair override with respect to investment properties.

The directors have made key assumptions in the determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 16 January 2025

and 15 January 2026

6,792

304

7,096

DEPRECIATION

At 16 January 2025

and 15 January 2026

1,140

304

1,444

NET BOOK VALUE

At 15 January 2026

5,652

-

5,652

At 15 January 2025

5,652

-

5,652

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 16 January 2025

11,000

Revaluations

749,000

At 15 January 2026

760,000

NET BOOK VALUE

At 15 January 2026

760,000

At 15 January 2025

11,000

Fair value at 15 January 2026 is represented by:

£

Valuation in 2026

749,000

Cost

11,000

760,000

The investment property was revalued at 15 January 2026 to its estimated fair value of £760,000. The valuation was based on market evidence of comparable properties together with advice obtained from local property agents. The directors consider the carrying value to represent fair value at the reporting date.

The determination of fair value in respect of the investment property requires significant judgement and is based on market evidence and comparable property transactions.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

15.1.26

15.1.25

£

£

Trade creditors

(1

)

-

Taxation and social security

1,960

5,914

Other creditors

16,223

10,323

18,182

16,237

Included within other creditors is an amount of £5,540 (2025: £540) that relates to provision for accrued expenses.

6.

RESERVES

Fair

Retained

Capital

value

earnings

reserve

reserve

Totals

£

£

£

£

At 16 January 2025

(2,541

)

2,371

-

(170

)

Profit for the year

747,187

-

-

747,187

Dividends

(10,000

)

-

-

(10,000

)

Fair value movement

(738,832

)

-

738,832

-

At 15 January 2026

(4,186

)

2,371

738,832

737,017

The fair value reserve represents unrealised gains arising on the revaluation of investment property, net of deferred taxation, which are not considered distributable profits.

Deferred tax liability of £10,168 (2025: £Nil) has been provided on the investment property in accordance with the requirements of FRS 102 section 1A based on the potential capital gains tax payable if the properties were to be disposed of at a fair value. The deferred tax has been calculated based on the current corporation tax rate at 25%.

7.	RESTATEMENT OF COSTS OF INVESTMENT PROPERTY

During the year the directors identified that the freehold element of the company's property had historically been omitted from fixed assets in error. The comparative figures have therefore been restated to recognise the property at its historical cost of £11,000 as at 16 January 2025