Company No: 13212146 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Xuebing Fang
	Stephen George Hare

REGISTERED OFFICE	The Grainger Suite Dobson House
	Regent Centre
	Newcastle Upon Tyne
	NE3 3PF
	United Kingdom

COMPANY NUMBER

13212146 (England and Wales)

ACCOUNTANT	S&W Partners Newcastle Limited
	17 Queens Lane
	Newcastle
	NE1 1RN

	Note	2025		2024
		£		£
Fixed assets
Investments	3	300		0
		300		0
Current assets
Debtors	4	4,383,859		4,366,405
Cash at bank and in hand		200		200
		4,384,059		4,366,605
Creditors: amounts falling due within one year	5	( 4,384,764)		( 4,367,010)
Net current liabilities		(705)		(405)
Total assets less current liabilities		(405)		(405)
Net liabilities		( 405)		( 405)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 505 )		( 505 )
Total shareholders' deficit		( 405)		( 405)

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Harefang Limited (registered number: 13212146) were approved and authorised for issue by the Board of Directors on 20 May 2026. They were signed on its behalf by:

Xuebing Fang Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Harefang Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Grainger Suite Dobson House, Regent Centre, Newcastle Upon Tyne, NE3 3PF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

In previous years the company has prepared accounts under FRS 105. This is the first year the company has prepared accounts under FRS 102 1A and as a result there has

The functional currency of Harefang Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements for the year ended 31 December 2025 are the first that are prepared in accordance with Financial Reporting Standard 102 section 1a. The previous financial statements were prepared in accordance with the Financial Reporting Standard 105, the date of transition to Financial Reporting Standard 102 section 1a is 1 January 2024.

There were no adjustments to the company's balance sheet at 1 January 2024 and 31 December 2024 on transition to Financial Reporting Standard 102 section 1a.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments in subsidiaries

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 January 2025	0
Additions	300
At 31 December 2025	300
Carrying value at 31 December 2025	300
Carrying value at 31 December 2024	0

4. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	4,383,235		4,366,335
Other debtors	624		70
	4,383,859		4,366,405

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to Group undertakings	4,384,764		4,367,010