Hars Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00753832 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2026

for

HARS PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Gross

A N Gross

C H Levy

D J Jenkins

REGISTERED OFFICE:

Unit A6

Chaucer Business Park

Dittons Road

Polegate

East Sussex

BN26 6QH

REGISTERED NUMBER:

00753832 (England and Wales)

ACCOUNTANTS:

MDJ Services Limited

Unit A6

Chaucer Business Park

Dittons Road

Polegate

East Sussex

BN26 6QH

FIXED ASSETS

Tangible assets

4

3,625

2,628

Investment property

5

3,029,639

3,129,215

3,033,264

3,131,843

CURRENT ASSETS

Debtors

6

309,309

12,909

Cash at bank

335,880

539,079

645,189

551,988

CREDITORS

Amounts falling due within one year

7

1,844,486

1,804,225

NET CURRENT LIABILITIES

(1,199,297

)

(1,252,237

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,833,967

1,879,606

PROVISIONS FOR LIABILITIES

32,104

NET ASSETS

1,801,863

1,847,502

CAPITAL AND RESERVES

Called up share capital

2

Fair value reserve

8

96,313

Retained earnings

8

1,705,548

1,751,187

SHAREHOLDERS' FUNDS

1,801,863

1,847,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 14 July 2026 and were signed on its behalf by:

C H Levy - Director

1.	STATUTORY INFORMATION

Hars 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the sale of properties held for development.

Tangible fixed assets

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

Computer equipment

-

33% on reducing balance

Investment property

Investment properties are those properties that are held either to earn rental income or for capital appreciation or both.

Investment properties are measured initially at cost including transaction costs and thereafter are stated at fair value, which reflects market conditions at the balance sheet date. Surpluses and deficits arising from changes in the fair value of investment properties are recognised in the Statement of Comprehensive Income in the year in which they arise.

Investment properties are stated at fair value as determined by the directors. The fair value of the company's property portfolio is based upon external valuations and is inherently subjective. The fair value represents the amount at which the assets could be exchanged between a knowledgeable, willing buyer and a knowledgeable, willing seller in an arms-length transaction at the date of valuation. The fair value of each of the properties has been assessed by the directors. In determining the fair value of investment properties, the directors make use of historical and current market data as well as existing lease agreements.

Additions and disposals of investment properties are recognised in the accounts when contracts are completed.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2025

4,490

Additions

2,783

At 30 April 2026

7,273

DEPRECIATION

At 1 May 2025

1,862

Charge for year

1,786

At 30 April 2026

3,648

NET BOOK VALUE

At 30 April 2026

3,625

At 30 April 2025

2,628

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2025

3,129,215

Disposals

(99,576

)

At 30 April 2026

3,029,639

NET BOOK VALUE

At 30 April 2026

3,029,639

At 30 April 2025

3,129,215

Fair value at 30 April 2026 is represented by:

£

Valuation in 2015

10,000

Valuation in 2017

5,000

Valuation in 2024

113,417

Cost

2,901,222

3,029,639

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

30.4.26

30.4.25

£

Cost

3,000,798

Investment property was valued on an open market value basis on 30 April 2026 by the directors .

Freehold investment property is valued at the end of each financial year by the directors. Independent valuations by valuers with a recognised qualification are sought where, in the opinion of the directors, there is market evidence to suggest that changes in fair value for properties of a similar type and location have occurred requiring specialist market knowledge in order to ascertain the fair value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Trade debtors

9,309

12,909

Other debtors

300,000

-

309,309

12,909

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Tax

3,665

-

Social security and other taxes

1,247

1,229

Amounts owed to related undertakings

1,821,453

1,790,155

Tenants' deposits

10,441

Accrued expenses

7,680

2,400

1,844,486

1,804,225

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 May 2025

1,751,187

96,313

1,847,500

Profit for the year

19,361

Dividends

(65,000

)

(65,000

)

At 30 April 2026

1,705,548

96,313

1,801,861

9.	RELATED PARTY DISCLOSURES

Amounts owed by and to related parties were as follows:

Balance at
30.4.2025

Movement
in year

Balance at
30.4.2026

Included in creditors

£

Owed to related undertakings

Douglas Graham Developments Limited

1,790,155

-

1,790,155

Welnen Investments Limited

-

31,298

1,790,155

31,298

1,821,453

A R Gross is a director of and has a material interest in Douglas Graham Developments Limited and Welnen Investments Limited.

A N Gross and C Levy are both directors of and have a material interest in Welnen Investments Limited. They are also both directors of Douglas Graham Developments Limited.