Company registration number 12113435 (England and Wales)
Horatio Property Investments Limited
Unaudited Financial Statements
For the year ended 30 July 2025
Horatio Property Investments Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
Horatio Property Investments Limited
Statement Of Financial Position
As at 30 July 2025
- 1 -
30 July 2025
31 July 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
255
306,921
Investment property
4
306,582
-
0
306,837
306,921
Current assets
Debtors
5
-
0
100,000
Cash at bank and in hand
151,667
34,660
151,667
134,660
Creditors: amounts falling due within one year
6
(228,226)
(222,253)
Net current liabilities
(76,559)
(87,593)
Total assets less current liabilities
230,278
219,328
Creditors: amounts falling due after more than one year
7
(219,976)
(217,995)
Net assets
10,302
1,333
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
10,102
1,133
Total equity
10,302
1,333
Horatio Property Investments Limited
Statement Of Financial Position (continued)
As at 30 July 2025
- 2 -

For the financial year ended 30 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 27 April 2026
Mr Christopher Mullins
Director
Company registration number 12113435 (England and Wales)
Horatio Property Investments Limited
Notes to the financial statements
For the year ended 30 July 2025
- 3 -
1
Accounting policies
Company information

Horatio Property Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 96 Ankerdine Crescent, London, England, SE18 3LG.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. true The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and they agree to continue to support the company by way of their directors loan accounts.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation
Fixtures and fittings
25% Reducing Balance

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.

Horatio Property Investments Limited
Notes to the financial statements (continued)
For the year ended 30 July 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
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 statement of financial position 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.

Horatio Property Investments Limited
Notes to the financial statements (continued)
For the year ended 30 July 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from connected companies, 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 paymen ts 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. A m ounts 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.

1.9
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.

1.10
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Horatio Property Investments Limited
Notes to the financial statements (continued)
For the year ended 30 July 2025
3
Tangible fixed assets
(Continued)
- 6 -
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 August 2024
306,582
1,427
308,009
Transfer to investment property
(306,582)
-
0
(306,582)
At 30 July 2025
-
0
1,427
1,427
Depreciation and impairment
At 1 August 2024
-
0
1,088
1,088
Depreciation charged in the year
-
0
84
84
At 30 July 2025
-
0
1,172
1,172
Carrying amount
At 30 July 2025
-
0
255
255
At 31 July 2024
306,582
339
306,921
4
Investment property
2025
£
Fair value
At 1 August 2024
-
0
Transfers
306,582
At 30 July 2025
306,582

The fair value of the investment property has been arrived at on the basis of a valuation carried out at the year end by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Debtors
2025
2024
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
-
0
100,000
Horatio Property Investments Limited
Notes to the financial statements (continued)
For the year ended 30 July 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
0
1
Taxation and social security
2,159
522
Other creditors
226,067
221,730
228,226
222,253
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
219,976
217,995
8
Security

The bank loans are secured by a fixed and floating charge over the assets of the company.

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