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Registered number: 13788302
Hancefagan Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Peter Jarman LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13788302
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 471 628
Investment Properties 5 560,000 590,000
560,471 590,628
CURRENT ASSETS
Debtors 6 367 14,083
Cash at bank and in hand 31,725 38,738
32,092 52,821
Creditors: Amounts Falling Due Within One Year 7 (283,646 ) (305,393 )
NET CURRENT ASSETS (LIABILITIES) (251,554 ) (252,572 )
TOTAL ASSETS LESS CURRENT LIABILITIES 308,917 338,056
Creditors: Amounts Falling Due After More Than One Year 8 (370,999 ) (371,012 )
NET LIABILITIES (62,082 ) (32,956 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 (102,325 ) (58,583 )
Profit and Loss Account 40,143 25,527
SHAREHOLDERS' FUNDS (62,082) (32,956)
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P W Fagan
Director
Mr J V Hance
Director
22/09/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hancefagan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13788302 . The registered office is 25 Gabriel Street, Forest Hill, London, SE23 1DW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents rents receivable on investment properties for the accounting period.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
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. 
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. 
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. 
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. 
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. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 January 2025 1,165
As at 31 December 2025 1,165
Depreciation
As at 1 January 2025 537
Provided during the period 157
As at 31 December 2025 694
Net Book Value
As at 31 December 2025 471
As at 1 January 2025 628
5. Investment Property
2025
£
Fair Value
As at 1 January 2025 590,000
Revaluations (30,000)
As at 31 December 2025 560,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 662,325 662,325
The investment property was purchased in March 2022 and has been revalued to £560,000 at the financial year end 31st December 2025 by the directors of the company.
Cost: £662,325
Valuation in 2023: (£17,325)
Valuation in 2024: (£55,000)
Valuation in 2025: (£30,000)
Total: £560,000
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 367 14,083
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 279,946 301,991
Taxation and social security 3,700 3,402
283,646 305,393
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Mortgage 370,999 371,012
9. Secured Creditors
The mortgage is secured over the assets in the company, including the investment property.
2025 2024
£ £
Bank loans and overdrafts 370,999 371,012
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 January 2025 (58,583 ) 25,527
Loss for the year and total comprehensive income - (28,126 )
Dividends paid - (1,000)
Transfer to/from Fair value reserve - 43,742
Transfer to/from Profit & Loss Account (43,742 ) -
As at 31 December 2025 (102,325 ) 40,143
Page 5