| PROPCO (HARLOW) LTD |
| Registered number: |
16586482 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
| £ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,698,241 |
|
| Current assets |
| Debtors |
4 |
|
317,098 |
| Cash at bank and in hand |
|
|
3,310 |
|
|
|
320,408 |
|
| Creditors: amounts falling due within one year |
5 |
|
(2,018,648) |
|
| Net current liabilities |
|
|
|
(1,698,240) |
|
| Total assets less current liabilities |
|
|
|
1 |
|
| Net assets |
|
|
|
1 |
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
| Shareholder's funds |
|
|
|
1 |
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
|
| A M Kotecha |
| Director |
| Approved by the board on 1 September 2026 |
|
| PROPCO (HARLOW) LTD |
| Notes to the Accounts |
| for the period from 16 July 2025 to 31 March 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The 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). |
|
|
Going concern |
|
The accounts have been prepared on a going concern basis assuming contiuing finalcial support from the parent company and the director. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
There was no turnover during the period. |
|
|
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 Assets in the course of construction are not depreciated.
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. |
|
|
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 |
1 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
Additions |
1,698,241 |
|
At 31 March 2026 |
1,698,241 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2026 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
1,698,241 |
|
|
| 4 |
Debtors |
2026 |
|
| £ |
|
|
|
Other debtors |
317,098 |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
| £ |
|
|
|
Trade creditors |
57,973 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
1,960,525 |
|
Accruals |
150 |
|
|
|
|
|
|
2,018,648 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Controlling party |
|
|
The Parent undertaking is Artois Investments Ltd, a company registered in England and Wales. |
|
|
| 7 |
Other information |
|
|
PROPCO (HARLOW) LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
227 London Road |
|
Romford |
|
Essex |
|
RM7 9BQ |