REGISTERED NUMBER: 10760626 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2024 TO 31 JULY 2025

FOR

HARNIC PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G G Hardcastle

Mrs H L Hardcastle

REGISTERED OFFICE:

Clarence Street Chambers

32 Clarence Street

Southend-on-Sea

Essex

SS1 1BD

BUSINESS ADDRESS:

The Wootons

Atlantic Road

Tintagel

Cornwall

PL34 0DD

REGISTERED NUMBER:

10760626 (England and Wales)

ACCOUNTANTS:

A.R. Lee & Co.

Chartered Accountants

Clarence Street Chambers

32 Clarence Street

Southend-on-Sea

Essex

SS1 1BD

FIXED ASSETS

Tangible assets

4

-

11,957

Investment property

5

-

1,000,000

-

1,011,957

CURRENT ASSETS

Debtors

6

582,878

-

CREDITORS

Amounts falling due within one year

7

328,374

394,597

NET CURRENT ASSETS/(LIABILITIES)

254,504

(394,597

)

TOTAL ASSETS LESS CURRENT LIABILITIES

254,504

617,360

CREDITORS

Amounts falling due after more than one year

8

-

(325,047

)

PROVISIONS FOR LIABILITIES

-

(50,729

)

NET ASSETS

254,504

241,584

RESERVES

Fair value reserve

10

-

168,582

Retained earnings

254,504

73,002

254,504

241,584

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

G G Hardcastle - Director

1.	STATUTORY INFORMATION

Harnic Properties 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

10% on reducing balance

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.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2024

25,000

Disposals

(25,000

)

At 31 July 2025

-

DEPRECIATION

At 1 May 2024

13,043

Eliminated on disposal

(13,043

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 30 April 2024

11,957

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

1,000,000

Disposals

(1,000,000

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 30 April 2024

1,000,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

30.4.24

£

£

Other debtors

582,878

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

30.4.24

£

£

Bank loans and overdrafts

-

45,652

Amounts owed to group undertakings

-

47,587

Taxation and social security

61,976

6,099

Other creditors

266,398

295,259

328,374

394,597

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

30.4.24

£

£

Bank loans

-

325,047

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

142,438

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

30.4.24

£

£

Bank loans

-

370,699

The loan is secured by a fixed charge over the freehold property known as The Wootons, Atlantic Road, Tintagel, Cornwall and by a fixed and floating charge over the company's other assets.

10.

RESERVES

Fair

value

reserve

£

At 1 May 2024

168,582

Fair value gains

50,730

Realised Gains

(219,312

)

At 31 July 2025

-