Harber Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01266859

Harber Properties Limited

Unaudited financial statements

31 October 2025

Harber Properties Limited

Statement of financial position

31 October 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	19,262,237	21,660,858
Investments	6	81,558	356,927
		------------	------------
		19,343,795	22,017,785

Current assets

Debtors	7	88,726	79,808
Cash at bank and in hand		151,229	371,673
		---------	---------
		239,955	451,481

Creditors: Amounts falling due within one year	8	( 937,267)		( 1,130,875)
		---------		-----------
Net current liabilities			( 697,312)		( 679,394)
			------------		------------
Total assets less current liabilities			18,646,483		21,338,391

Provisions

Taxation including deferred tax		( 1,793,040)		( 2,404,926)

Accruals and deferred income	( 241,231)	( 236,424)
	------------	------------
Net assets	16,612,212	18,697,041
	------------	------------

Capital and reserves

Called up share capital	10	3,540	3,540
Share premium account	11	11,189	11,189
Revaluation reserve	11	7,764,484	9,458,197
Capital redemption reserve	11	6	6
Profit and loss account	11	8,832,993	9,224,109
		------------	------------
Shareholders funds		16,612,212	18,697,041
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 October 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Harber Properties Limited

Statement of financial position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 16 May 2026 , and are signed on behalf of the board by:

R C Harber

Director

Company registration number: 01266859

Harber Properties Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bankside 300, Peachman Way, Broadland Business Park, Norwich, NR7 0LB. The trading address of the company is 207 Nursery Close, Norwich, Norfolk, NR6 5SH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of rental income received or receivable, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% straight line
Motor Vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Investment property Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution pension plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 6 (2024: 6 ).

5. Tangible assets

	Investment property	Plant & machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 Nov 2024	21,656,516	16,792	10,506	3,117	21,686,931
Additions	378,126	–	8,888	500	387,514
Disposals	–	–	( 10,506)	–	( 10,506)
Revaluations	( 2,782,617)	–	–	–	( 2,782,617)
	------------	-------	-------	------	------------
At 31 Oct 2025	19,252,025	16,792	8,888	3,617	19,281,322
	------------	-------	-------	------	------------
Depreciation
At 1 Nov 2024	–	13,916	10,466	1,691	26,073
Charge for the year	–	1,815	1,296	367	3,478
Disposals	–	–	( 10,466)	–	( 10,466)
	------------	-------	-------	------	------------
At 31 Oct 2025	–	15,731	1,296	2,058	19,085
	------------	-------	-------	------	------------
Carrying amount
At 31 Oct 2025	19,252,025	1,061	7,592	1,559	19,262,237
	------------	-------	-------	------	------------
At 31 Oct 2024	21,656,516	2,876	40	1,426	21,660,858
	------------	-------	-------	------	------------

Tangible assets held at valuation

The investment properties were revalued by the directors as at 31 October 2025 on an open market basis.

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Investment property
	£
At 31 Oct 2025
Aggregate cost	10,526,230
Aggregate depreciation	–
	------------
Carrying value	10,526,230
	------------

At 31 Oct 2024
Aggregate cost	10,148,104
Aggregate depreciation	–
	------------
Carrying value	10,148,104
	------------

6. Investments

	Listed shares and investment funds
	£
Cost or valuation
At 1 Nov 2024	356,927
Additions	205
Disposals	( 239,255)
Revaluations	( 36,319)
	---------
At 31 Oct 2025	81,558
	---------
Impairment
At 1 Nov 2024 and 31 Oct 2025	–
	---------

Carrying amount
At 31 Oct 2025	81,558
	---------
At 31 Oct 2024	356,927
	---------

Investments held at valuation

In respect of investments held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Listed shares and investment funds
	£
At 31 Oct 2025
Aggregate cost	59,030
Aggregate depreciation	–
	-------
Carrying value	59,030
	-------

At 31 Oct 2024
Aggregate cost	298,264
Aggregate depreciation	–
	---------
Carrying value	298,264
	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	74,468	60,750
Prepayments and accrued income	8,008	7,808
Other debtors	6,250	11,250
	-------	-------
	88,726	79,808
	-------	-------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	42,498	369,942
Social security and other taxes	334,859	313,091
Other creditors	559,910	447,842
	---------	-----------
	937,267	1,130,875
	---------	-----------

9. Operating leases

As at the year end the company had non-cancellable operating lease commitments of £20,299 (2024: £1,837).

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	3,540	3,540	3,540	3,540
	------	------	------	------

11. Reserves

Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs. Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income less any related deferred taxation provision. Capital redemption reserve - This reserve records the nominal value of shares repurchased by the company. Profit and loss account - This reserve records retained earnings and accumulated losses.