Registration number: 07684784

Hargan Estates Ltd

(Registration number: 07684784)
Statement of Financial Position
31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	43,914	51,718
Investments	5	967	967
		44,881	52,685
Current assets
Debtors	6	447,419	242,409
Cash at bank and in hand		74,547	211,644
		521,966	454,053
Creditors: Amounts falling due within one year	7	(375,899)	(278,966)
Net current assets		146,067	175,087
Total assets less current liabilities		190,948	227,772
Creditors: Amounts falling due after more than one year	7	(133,287)	(180,192)
Provisions for liabilities		(3,553)	(4,828)
Net assets		54,108	42,752
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		53,108	41,752
Shareholders' funds		54,108	42,752

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Hargan Estates Ltd

(Registration number: 07684784)
Statement of Financial Position
31 December 2025

Approved and authorised by the Board on 14 August 2026 and signed on its behalf by:
 

......................................... R J Luff Director

Hargan Estates Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wiston House
1 Wiston Avenue
Worthing
West Sussex
BN14 7QL
United Kingdom

These financial statements were authorised for issue by the Board on 14 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Hargan Estates Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Hargan Estates Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

Asset class	Depreciation method and rate
Leasehold improvements	over 50 years
Fixtures and fittings	15% reducing balance
Motor vehicles	over 4 years
Office equipment	between 2 and 5 years

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Hargan Estates Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Hargan Estates Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 27 (2024 - 25).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	40,091	70,744	10,100	120,935
Additions	-	840	-	840
At 31 December 2025	40,091	71,584	10,100	121,775
Depreciation
At 1 January 2025	16,181	51,037	1,999	69,217
Charge for the year	2,005	4,114	2,525	8,644
At 31 December 2025	18,186	55,151	4,524	77,861
Carrying amount
At 31 December 2025	21,905	16,433	5,576	43,914
At 31 December 2024	23,910	19,707	8,101	51,718

Included within the net book value of land and buildings above is £21,906 (2024 - £23,910) in respect of long leasehold land and buildings.
 

5	Investments

	£	£
Cost or valuation
At 1 January 2025	967	967
Provision
Carrying amount
At 31 December 2025	967	967
At 31 December 2024	967	967

Hargan Estates Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2025	2024
Subsidiary undertakings
Brutinellpres Limited	Wiston House 1 Wiston Avenue Worthing West Sussex BN14 7QL England	Ordinary A £1	90%	90%
Luff Holdings Hove Ltd	Wiston House 1 Wiston Avenue Worthing West Sussex BN14 7QL England	Ordinary A 10p	62.5%	62.5%
Sawyers (Sussex) Limited	Wiston House 1 Wiston Avenue Worthing West Sussex BN14 7QL England	Ordinary A and Ordinary B 1p shares	100%	100%