M.L.V. Hartnet Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

M.L.V. Hartnet Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12406761 . The registered office is First Floor Highclere House, 180 Main Road, Biggin Hill, Kent, TN16 3BB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Significant judgements and estimations

In the application of the company’s accounting policies, the director is 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.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	NIL
Plant & Machinery	15% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the

carrying value of the asset, and is credited or charged to profit or loss.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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M.L.V. Hartnet Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.7. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other

Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a

legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to

realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price

including transaction costs and are subsequently carried at amortised cost using the effective interest method unless

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not

amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that

are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing

transaction, where the debt instrument is measured at the present value of the future payments discounted at a

market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business

from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,

they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and

subsequently measured at amortised cost using the effective interest method.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.9. Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock of fixed assets.

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M.L.V. Hartnet Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.10. Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends

payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost or Valuation
As at 1 February 2025	383,839	8,088	391,927
Revaluation	1,161	-	1,161

As at 31 January 2026	385,000	8,088	393,088

Depreciation
As at 1 February 2025	-	1,664	1,664
Provided during the period	-	1,213	1,213

As at 31 January 2026	-	2,877	2,877

Net Book Value
As at 31 January 2026	385,000	5,211	390,211

As at 1 February 2025	383,839	6,424	390,263

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	6,150	10,200
Prepayments and accrued income	2,000	-
Loans	47,985	47,985
Directors' loan accounts	3,035	12

	59,170	58,197
Due after more than one year
Other debtors	-	70
Gilridge Orangry Ltd	20,000	20,000

	20,000	20,070

	79,170	78,267

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M.L.V. Hartnet Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Corporation tax	1,837	3,730
VAT	2,369	2,342
L Adams Mwd	-	14,000
Investment loan from Michael	22,155	13,155
Investment loan from S Brown	1,200	125,000
MWD(PI)	185,716	125,716
Accruals and deferred income	1,440	1,440

	214,717	285,383

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	231,000	163,125
Other creditors	2,500	2,500

	233,500	165,625

8. Loans

An analysis of the maturity of loans is given below:

	2026	2025
	£	£
Amounts falling due between one and five years:
Bank loans	231,000	163,125

9. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

10. Related Party Disclosures

During the year, as at the balance sheet date, the directors owed the company £3,034.66 (PY: £12.16).

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		390,211		390,263

			390,211		390,263
CURRENT ASSETS
Debtors	5	79,170		78,267
Cash at bank and in hand		9,625		5,487

		88,795		83,754
Creditors: Amounts Falling Due Within One Year	6	(214,717 )		(285,383 )

NET CURRENT ASSETS (LIABILITIES)			(125,922 )		(201,629 )

TOTAL ASSETS LESS CURRENT LIABILITIES			264,289		188,634

Creditors: Amounts Falling Due After More Than One Year	7		(233,500 )		(165,625 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,303 )		(1,221 )

NET ASSETS			29,486		21,788

CAPITAL AND RESERVES
Called up share capital	9		1		1
Revaluation reserve			1,161		-
Profit and Loss Account			28,324		21,787

SHAREHOLDERS' FUNDS			29,486		21,788