Hurdsfield Property Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Hurdsfield Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10137089 . The registered office is 52 Limeside Road, Oldham, OL8 3NA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from rentals of property are recognised when the amount of revenue can be measured reliably, it is probable that the economical benefits associated with the transactions will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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:

Computer Equipment

33% SL

2.4. Investment Properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

...CONTINUED

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Hurdsfield Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.5. Financial Instruments - continued

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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. Amounts 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.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. 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 current liabilities.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

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Hurdsfield Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 May 2025	1,983

As at 30 April 2026	1,983

Depreciation
As at 1 May 2025	1,983

As at 30 April 2026	1,983

Net Book Value
As at 30 April 2026	-

As at 1 May 2025	-

5. Investment Property

	2026
	£
Fair Value
As at 1 May 2025 and 30 April 2026	955,000

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	34,553	12,017

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Other creditors	1,860	2,240

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	582,920	582,920

9. Secured Creditors

The bank loans are secured against the properties that are owned by the company.

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

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Hurdsfield Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 May 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 30 April 2026
	£	£	£	£	£
Mr Paul Hurdsfield	7,906	83,323	(59,757 )	-	31,472

The advance is unsecured, repayable on demand and interest is charged at HMRC's official rate of interest per annum, where the balance exceeds £10,000.

12. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 May 2025	134,110	250,684
Loss for the year and total comprehensive income	-	(3,621 )

Dividends paid	-	(500)

As at 30 April 2026	134,110	246,563

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	5		955,000		955,000

			955,000		955,000
CURRENT ASSETS
Debtors	6	34,553		12,017
Cash at bank and in hand		7,401		34,438

		41,954		46,455
Creditors: Amounts Falling Due Within One Year	7	(1,860 )		(2,240 )

NET CURRENT ASSETS (LIABILITIES)			40,094		44,215

TOTAL ASSETS LESS CURRENT LIABILITIES			995,094		999,215

Creditors: Amounts Falling Due After More Than One Year	8		(582,920 )		(582,920 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(31,500 )		(31,500 )

NET ASSETS			380,674		384,795

CAPITAL AND RESERVES
Called up share capital	10		1		1
Revaluation reserve	12		134,110		134,110
Profit and Loss Account			246,563		250,684

SHAREHOLDERS' FUNDS			380,674		384,795