REGISTERED NUMBER: 09532456 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Hadley Properties (Midlands) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTORS:

D C Lambe

Mrs J M Lambe

REGISTERED OFFICE:

Hadley Heath

Droitwich

Worcestershire

WR9 0AR

REGISTERED NUMBER:

09532456 (England and Wales)

ACCOUNTANTS:

Kenneth Morris Limited

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

FIXED ASSETS

Tangible assets

4

2,869

3,010

Investments

5

62,741

9,469

Investment property

6

1,671,923

1,671,923

1,737,533

1,684,402

CURRENT ASSETS

Debtors

41,941

26,812

Cash at bank and in hand

4,247

35,814

46,188

62,626

CREDITORS

Amounts falling due within one year

382,479

438,434

NET CURRENT LIABILITIES

(336,291

)

(375,808

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,401,242

1,308,594

PROVISIONS FOR LIABILITIES

146,298

134,388

NET ASSETS

1,254,944

1,174,206

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

8

500,179

511,262

Retained earnings

753,765

661,944

SHAREHOLDERS' FUNDS

1,254,944

1,174,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 June 2026 and were signed on its behalf by:

D C Lambe - Director

1.	STATUTORY INFORMATION

Hadley Properties (Midlands) 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.

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.

Turnover

Turnover represents total property rent received during the year, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

In accordance with Financial Reporting Standard 102 Section 1a, investment property is included at fair value and gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided, which is a departure from the Companies Act 2006, but is required to provide a true and fair view. The directors undertake an annual review of valuations and seek independent professional valuations once every 5 years.

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.

Rental income

Rental income arising from investment properties is accounted for on a straight line basis over the lease term.

Investments

Listed investments are included at fair value. Investments in unlisted shares are included at historical cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

9,749

Additions

815

At 31 March 2026

10,564

DEPRECIATION

At 1 April 2025

6,739

Charge for year

956

At 31 March 2026

7,695

NET BOOK VALUE

At 31 March 2026

2,869

At 31 March 2025

3,010

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 April 2025

9,469

Additions

55,153

Disposals

(5,592

)

Revaluations

3,711

At 31 March 2026

62,741

NET BOOK VALUE

At 31 March 2026

62,741

At 31 March 2025

9,469

Cost or valuation at 31 March 2026 is represented by:

Totals

£

Valuation in 2022

227

Valuation in 2023

(379

)

Valuation in 2024

2,135

Valuation in 2025

969

Valuation in 2026

493

Cost

59,296

62,741

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,671,923

NET BOOK VALUE

At 31 March 2026

1,671,923

At 31 March 2025

1,671,923

Fair value at 31 March 2026 is represented by:

£

Valuation in 2016

20,000

Valuation in 2021

630,000

Valuation in 2025

(5,000

)

Cost

1,026,923

1,671,923

7.	SECURED DEBTS

Svenska Handelsbanken AB (PUBL) hold a fixed and floating charge over the land and car park dated October 2021. Svenska Handelsbanken AB (PUBL) also hold a fixed and floating charge over the undertaking and all property assets, future goodwill, books debts, uncalled capital and plant & machinery dated July and August 2017. They also hold fixed charges over the company's properties by mortgages dated October 2015.

The hire purchase liabilities are secured on the assets acquired thereunder.

8.

RESERVES

Fair

value

reserve

£

At 1 April 2025

511,262

Fair value reserve movement

(11,083

)

At 31 March 2026

500,179

9.	CONTINGENT LIABILITIES

There were no material contingent liabilities at the year end.

10.	POST BALANCE SHEET EVENTS

There were no known material post balance sheet events.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hadley Properties (Midlands) Limited for the period ended 31 March 2026 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Hadley Properties (Midlands) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hadley Properties (Midlands) Limited and state those matters that we have agreed to state to the Board of Directors of Hadley Properties (Midlands) Limited as a body.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hadley Properties (Midlands) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hadley Properties (Midlands) Limited You consider that Hadley Properties (Midlands) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Hadley Properties (Midlands) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kenneth Morris Limited

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

25 June 2026