REGISTERED NUMBER: 10060809 (England and Wales)

HARDWICK & ORR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

W T Orr Jnr

V R J Orr

REGISTERED OFFICE:

14 London Road

Newark

Nottinghamshire

NG24 1TW

REGISTERED NUMBER:

10060809 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Property, plant and equipment

4

10,809

-

Investments

5

26,316,945

8,715,624

Investment property

6

800,000

1,235,175

27,127,754

9,950,799

CURRENT ASSETS

Debtors

7

7,420

132,104

Investments

8

5,975,216

9,145,455

Cash at bank

29,779

106,849

6,012,415

9,384,408

CREDITORS

Amounts falling due within one year

9

16,732,224

18,213,982

NET CURRENT LIABILITIES

(10,719,809

)

(8,829,574

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,407,945

1,121,225

PROVISIONS FOR LIABILITIES

592,777

537,179

NET ASSETS

15,815,168

584,046

CAPITAL AND RESERVES

Called up share capital

10

15,753,386

100

Fair value reserve

11

-

1,611,537

Retained earnings

61,782

(1,027,591

)

SHAREHOLDERS' FUNDS

15,815,168

584,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2026 and were signed on its behalf by:

V R J Orr - Director

1.	STATUTORY INFORMATION

Hardwick & Orr Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue

Revenue generated from the investment properties is recognised for the relevant period in which the properties are let.

Revenue generated from other investments is recognised when the income becomes unconditionally receivable by the entity.

All revenue is only recognised when it can be measured reliably, it is probable that economic benefits associated with the transaction will flow to the entity and the costs incurred, or to be incurred, associated with the transaction can be measured reliably.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Property, plant and equipment are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investments

Investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

Additions

11,792

At 31 December 2025

11,792

DEPRECIATION

Charge for year

983

At 31 December 2025

983

NET BOOK VALUE

At 31 December 2025

10,809

5.	FIXED ASSET INVESTMENTS

Shares in

group

Listed

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

-

8,715,624

8,715,624

Additions

15,832,056

4,490,382

20,322,438

Disposals

-

(2,793,328

)

(2,793,328

)

Revaluations

-

221,621

221,621

Exchange differences

-

(149,410

)

(149,410

)

At 31 December 2025

15,832,056

10,484,889

26,316,945

NET BOOK VALUE

At 31 December 2025

15,832,056

10,484,889

26,316,945

At 31 December 2024

-

8,715,624

8,715,624

Cost or valuation at 31 December 2025 is represented by:

Shares in

group

Listed

undertakings

investments

Totals

£

£

£

Valuation in 2021

-

1,068,431

1,068,431

Valuation in 2022

-

(620,474

)

(620,474

)

Valuation in 2023

-

710,982

710,982

Valuation in 2024

-

1,035,693

1,035,693

Valuation in 2025

-

122,947

122,947

Cost

15,832,056

8,167,310

23,999,366

15,832,056

10,484,889

26,316,945

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

1,235,175

Revaluations

(435,175

)

At 31 December 2025

800,000

NET BOOK VALUE

At 31 December 2025

800,000

At 31 December 2024

1,235,175

Investment property was valued on an open market basis on 31 December 2025 by the Directors.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,246

1,200

Other debtors

6,174

130,904

7,420

132,104

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Investments

5,975,216

9,145,455

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

16,732,224

18,213,982

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,753,386

A Ordinary

£1

5,753,386

45

10,000,000

B Ordinary

£1

10,000,000

45

NIL

C Ordinary

£1

-

5

NIL

D Ordinary

£1

-

5

15,753,386

100

The following shares were issued during the year for cash at par :

5,753,286 A Ordinary shares of £1

10,000,000 B Ordinary shares of £1

11.

RESERVES

Fair

value

reserve

£

At 1 January 2025

1,611,537

Revaluation in year

166,794

Transfer

(1,778,331

)

At 31 December 2025

-

12.	RELATED PARTY DISCLOSURES

At the year ended 31 December 2025, amounts due to companies in which the directors have a participating interest totals £16,079,748 (2024: £15,283,546).