REGISTERED NUMBER: 07418852 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Hadwens Apartments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N Parkinson

SECRETARY:

P Bruford

REGISTERED OFFICE:

51 - 55 Tithebarn Street

Liverpool

Merseyside

L2 2SB

REGISTERED NUMBER:

07418852 (England and Wales)

AUDITORS:

DJH Audit Limited

Oriel House

2-8 Oriel Road

Bootle

L20 7EP

FIXED ASSETS

Investment property

4

1,200,000

1,200,000

CURRENT ASSETS

Debtors

5

1,825

11,325

Cash at bank

892

1,228

2,717

12,553

CREDITORS

Amounts falling due within one year

6

723,077

786,032

NET CURRENT LIABILITIES

(720,360

)

(773,479

)

TOTAL ASSETS LESS CURRENT LIABILITIES

479,640

426,521

PROVISIONS FOR LIABILITIES

25,000

25,000

NET ASSETS

454,640

401,521

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

454,639

401,520

SHAREHOLDERS' FUNDS

454,640

401,521

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 May 2026 and were signed by:

N Parkinson - Director

1.	STATUTORY INFORMATION

Hadwens Apartments Limited is a private company, limited by shares, registered in England and Wales. The

Company'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

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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, the Directors 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.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover represents rent received from residential lettings.

Investment property

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.

Financial instruments

The Company has chosen to adopt Sections 11 of FRS 102 in respect of financial instruments.

Basic financial instruments include trade debtors and trade creditors. Those that are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The financial statements have been prepared on the going concern basis. In assessing the appropriateness of this basis, the Directors have considered the Company’s financial position, including its net current liabilities position, intra-group funding arrangements, and the value of its investment property portfolio.

The Company is funded through intra-group balances and holds investment property which is measured at fair value. The Directors consider that the underlying value of the property portfolio provides a significant source of liquidity, as properties could be realised in order to meet obligations as they fall due if required.

On this basis, and taking into account the availability of property assets for realisation, the Directors consider it appropriate to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,200,000

NET BOOK VALUE

At 31 December 2025

1,200,000

At 31 December 2024

1,200,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2022

100,001

Cost

1,099,999

1,200,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.25

31.12.24

£

£

Cost

1,099,999

1,099,999

Investment property was valued on an open market basis on 27 February 2023 by MO Valuations Limited .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

1,825

11,325

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

710,989

768,664

Taxation

11,427

16,707

Other creditors

661

661

723,077

786,032

7.	SECURED DEBTS

A Debenture on the Bank's Standard form dated 8th December 2015.

An unlimited Cross Guarantee between Curtins Consulting Limited supported by a Debenture, Curtins Group Limited supported by a Debenture and a Legal Charge over Beetham Court, 51-57 Tithebarn Street Liverpool and Hadwens Apartments Limited supported by a Debenture

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1

Ordinary

£1

1

1

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Suzanne Draper FCCA ACA (Senior Statutory Auditor)

for and on behalf of DJH Audit Limited