Hathaway Properties Limited iXBRL

Company Registration Number: 03244692

Hathaway Properties Limited

Unaudited Financial Statements

for the financial year ended 31 March 2026

Hathaway Properties Limited

Company Registration Number: 03244692

BALANCE SHEET

as at 31 March 2026

		2026	2025
	Notes	£	£

Fixed Assets

Investment properties

96,329

766,485

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Current Assets

Debtors

748,395

Creditors: amounts falling due within one year

(1,217)

(417)

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Net Current Assets/(Liabilities)

747,178

(417)

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Total Assets less Current Liabilities

843,507

766,068

Provisions for liabilities

(18,508)

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Net Assets

824,999

766,068

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Capital and Reserves

Called up share capital

Retained earnings

824,996

766,065

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Equity attributable to owners of the company

824,999

766,068

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Director and authorised for issue on 15 September 2026




________________________________
Mr D D James
Director

Hathaway Properties Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2026

General Information

Hathaway Properties Limited is a company limited by shares incorporated and registered in the England and Wales. The registered number of the company is 03244692. The registered office of the company is Corndell, 2 Mary Lane, North Waltham, Basingstoke, RG25 2BY, England.

Currency

The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include investment property measured at fair value.

Turnover

Turnover represents ground rent and other income receivable from the long leaseholders of the company's property, stated exclusive of value added tax, and is recognised on an accruals basis over the period to which it relates.

Premiums received on the grant or extension of long leases are not included in turnover. Such transactions are accounted for as part disposals of investment property, with the carrying amount apportioned by reference to the fair value of the interest granted, and the resulting gain or loss presented separately in the Profit and Loss Account.

Investment properties

Investment property is property held to earn rental income or for capital appreciation, or both. It is measured at fair value at each reporting date with changes recognised in the Profit and Loss Account, and is not depreciated. Fair value at 31 March 2026 was determined having regard to comparable transaction prices and prevailing yields.

Taxation and deferred taxation

Current tax is the amount of corporation tax payable or recoverable in respect of the taxable profit for the year, measured at rates enacted or substantively enacted at the balance sheet date.

Deferred tax is recognised in full on the difference between the fair value of investment property and its tax base cost, measured at the rate expected to apply on disposal, and is not discounted.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Exceptional item

Exceptional items are those that the directors' view are required to be separately disclosed by virtue of their size or incidence to enable a full understanding of the company's financial performance.

Period of financial statements

The comparative figures relate to the 16 month period ended 31 March 2025.

Employees

The average monthly number of employees, including director, during the financial year was 1, (2025 - 1).

2026

2025

Number

Number

Directors

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5.	Investment Properties
		Investment
		properties

		£
	Fair value
	At 1 April 2025	766,485
	Disposals	(744,187)
	Revaluation	74,031
		─────────
	At 31 March 2026	96,329
		─────────


6.	Debtors	2026	2025
		£	£

	Amounts owed by group undertakings	748,395	-
		═════════	═════════

	Amounts owed by group undertakings comprise consideration for the long lease granted to the parent undertaking during the year, which was settled by intercompany loan rather than in cash, together with ground rent collected by the parent on the company's behalf.


7.	Creditors	2026	2025
	Amounts falling due within one year	£	£

	Taxation (Note 8)	1,217	417
		═════════	═════════


8.	Taxation	2026	2025
		£	£

	Creditors:
	Corporation tax	1,217	417
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Property

Total

Total

revaluations

2026

2025

At financial year start

Charged to profit and loss

18,508

18,508

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At financial year end

18,508

═════════

Deferred tax has been provided in full on the difference between the fair value of the company's investment properties and their tax base cost, measured at 25%.

10.

Related party transactions

The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.