Hane Developments Limited - Filleted accounts

Registered number

16045893

Hane Developments Limited

Filleted Abridged Accounts

31 March 2026

Hane Developments Limited
Registered number:		16045893
Abridged Balance Sheet
as at 31 March 2026

		2026
	Notes	£	£
Fixed assets
Tangible assets	3		302,801

Current assets
Cash at bank and in hand		127,915

Creditors: amounts falling due within one year		(174,163)

Net current (liabilities)/assets			(46,248)

Total assets less current liabilities			256,553

Creditors: amounts falling due after more than one year			(249,000)

Provisions for liabilities	6		(1,873)

Net assets			5,680

Capital and reserves
Called up share capital			100
Fair value reserve	6		15,661
Profit and loss account			(10,081)

Shareholders' funds			5,680	-


The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.



N C Patel
Director
Approved by the board on 17 July 2026

	Hane Developments Limited
	Notes to the Abridged Accounts
	for the period from 28 October 2024 to 31 March 2026


	1	Accounting policies

		Basis of preparation
		The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

		Turnover
		Turnover consists of rents receivable.

		Tangible fixed assets
		Freehold residential properties are stated at fair value as determined by the Directors based on their knowledge of the market as it prevailed at the balance-sheet date. Gains are recognised in the Statement of Equity. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
		Costs of freehold residential properties includes expenditure incurred following purchase to the extent that it is considered essential to bring the property to be classed as fit for habitation. When such expenditure is incurred on properties which are purchased in a habitable state, these are treated as revenue costs. Financing costs in the development stages of a property are treated as capital costs.

		Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

		Freehold land & buildings	No depreciation
		Furnishings & appliances	over 3 years

		Taxation
		A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	2	Employees		2026
Number

		Average number of persons employed by the company		0








	3	Tangible fixed assets
					Total
		Cost
		Additions			284,867
		Surplus on revaluation			19,335
		At 31 March 2026			304,202

		Depreciation
		Charge for the period			1,401
		At 31 March 2026			1,401

		Net book value
		At 31 March 2026			302,801
		Land and buildings are stated at fair value as at the balance-sheet date and as determined by the Directors.

	4	Debtors		2026
£
		Amounts due after more than one year included in debtors - deferred tax asset		3,770

	5	Loans		2026
£

		Secured mortgage-lender loans		249,000

		The Company has given fixed charges over its assets in order to secure lending facilities.

	6	Fair value reserve
			Gains on revaluations	Deferred tax provision	Gain net of tax provisn.
		Gains/losses this year	19,335	3,674	15,661
		At 31 March 2026	19,335	3,674	15,661

		Deferred tax has been provided in respect of all revaluation amounts at an anticipated corporation tax rate of 19%. There is uncertainty whether any other losses will be available or eligible to reduce the incidence of deferred tax at the time when liability crystalises. Therefore any reduction which may be achieved in this liability at the time of a disposal is to be recognised in that future accounting period when such benefit would be more reliably quantified.

	7	Related party transactions

		The Directors have made loans to the Company. There are no fixed terms for repayment or for the payment of interest. The balance at the period end was £172,963.

	8	Other information

		Hane Developments Limited is a private company limited by shares and incorporated in England. Its registered office is: 30 Chichester Avenue, Ruislip, UK HA4 7EH.