Company No: 08400414 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,342,220		1,504,791
Investment property	4	11,550,000		9,547,030
		12,892,220		11,051,821
Current assets
Debtors	5	2,732,346		3,501,931
Cash at bank and in hand		207,755		212,090
		2,940,101		3,714,021
Creditors: amounts falling due within one year	6	( 1,013,613)		( 275,134)
Net current assets		1,926,488		3,438,887
Total assets less current liabilities		14,818,708		14,490,708
Creditors: amounts falling due after more than one year	7	( 12,256,708)		( 14,058,423)
Provision for liabilities	8	( 533,510)		0
Net assets		2,028,490		432,285
Capital and reserves
Called-up share capital	9	100		100
Fair value reserve		1,502,228		0
Profit and loss account		526,162		432,185
Total shareholders' funds		2,028,490		432,285

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Hard 8 Limited (registered number: 08400414) were approved and authorised for issue by the Board of Directors on 07 September 2026. They were signed on its behalf by:

N J Harris Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hard 8 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Shed, Charbridge Lane, Bicester, Oxfordshire, OX26 4SS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts receivable for consultancy services and the sale of stock net of VAT. Other operating income represents rent receivable.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	2 - 12 years straight line
Vehicles	3 - 5 years straight line
Fixtures and fittings	2 - 6 years straight line
Computer equipment	2 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	11		7

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 January 2025	2,475,303		77,495		353,589		0		2,906,387
Additions	0		34,990		0		1,938		36,928
Disposals	0		0		( 1,666)		0		( 1,666)
At 31 December 2025	2,475,303		112,485		351,923		1,938		2,941,649
Accumulated depreciation
At 01 January 2025	1,044,743		3,264		353,589		0		1,401,596
Charge for the financial year	185,922		13,122		0		455		199,499
Disposals	0		0		( 1,666)		0		( 1,666)
At 31 December 2025	1,230,665		16,386		351,923		455		1,599,429
Net book value
At 31 December 2025	1,244,638		96,099		0		1,483		1,342,220
At 31 December 2024	1,430,560		74,231		0		0		1,504,791

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2025	9,547,030
Fair value movement	2,002,970
As at 31 December 2025	11,550,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	9,547,030		9,547,030

5. Debtors

	2025		2024
	£		£
Other debtors	2,732,346		3,501,931

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	30,024		23,216
Taxation and social security	232,214		63,705
Obligations under finance leases and hire purchase contracts	15,385		7,860
Other creditors	735,990		180,353
	1,013,613		275,134

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	4,737,000		4,737,000
Obligations under finance leases and hire purchase contracts	78,322		59,267
Other creditors	7,441,386		9,262,156
	12,256,708		14,058,423

There are no amounts included above in respect of which any security has been given by the small entity.

Included in creditors due after more than one year is the directors loan balance due to N J Harris at 31 December 2025 of £7,441,386 (2024: £9,262,156)

The long-term bank loans are secured by fixed charges registered by Coutts & Company over 28 Hardwick Road, Unit 2 Bicester Park, Eagles Market Place Deddington and The Muddy Duck Hethe. There is also a cross guarantee placed on the assets of Absolute Taste Limited and The Menu Partners Limited by Coutts & Company . Coutts & Company also have a fixed and floating charge over all the property or undertaking of the company. This charge contains a negative pledge.

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	0		0
Charged to the Profit and Loss Account	( 533,510)		0
At the end of financial year	( 533,510)		0

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
50 A ordinary shares of £ 1.00 each	50		50
50 B ordinary shares of £ 1.00 each	50		50
	100		100

10. Financial commitments

Commitments

	2025		2024
	£		£
Total future minimum lease payments under non-cancellable operating leases	7,158		7,809

11. Related party transactions

During the year ended 31 December 2025, the company made sales totalling £947,596 (2024: £861,657) to companies under common control and received rental income totalling £492,000 (2024: £1,028,219).

As at 31 December 2025, the company was owed by companies under common control £2,676,742 (2024: £3,472,008).

As at 31 December 2025, the company owed the companies under common control £2,895 (2024: £26,441).

As at 31 December 2025, the company owed directors £7,533,199 (2024: £9,307,156), of which £91,813 (2024: £45,000) is included within creditors due within one year and £7,441,386 (2024: £9,262,156) is included within creditors due after more than one year.

12. Ultimate controlling party

The company was under the control of its directors who own 100% of the share capital.