| Balance Sheet | 3 |
| Statement of Compliance | 4 |
| Notes to the Financial Statements | 5–16 |
| 2026 £ |
2025 £ |
|
|---|---|---|
| Fixed assets | ||
| Tangible assets | ||
| Current assets | ||
| Creditors: amounts falling due within one year | ( |
( |
| Net current assets (liabilities) | ( |
( |
| Total assets less current liabilities | ||
| Creditors: amounts falling due after more than one year | ( |
( |
| Total net assets (liabilities) | ( |
( |
| Capital and reserves | ||
| Called up share capital | ||
| Profit and loss account | ( |
( |
| ( |
( |
The directors have elected not to deliver a copy of the profit and loss account to the registrar, in accordance with section 444(5A) of the Companies Act 2006.
Directors' responsibilities:
The accounts were approved by the Board of Directors and authorised for issue on 23 October 2026.
Turnover
Turnover is recognised when goods are delivered or services are provided.
Taxation
Corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Debtors
Debtors are recognised at the settlement amount due.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments.
Creditors
Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event.
Principal activity
The principal activity of the company during the period was
Tangible fixed assets
Fixtures and fittings: 20% straight line. Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. No depreciation is charged on investment property.
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' and the Companies Act 2006.
The average number of employees during the period was: 0 (Previous Period: 0)
| Category | Cost b/f £ |
Additions £ |
Disposals £ |
Cost c/f £ |
Dep b/f £ |
Charge £ |
On disp. £ |
Dep c/f £ |
NBV £ |
|---|---|---|---|---|---|---|---|---|---|
| Other | 4,410,740 | 0 | 0 | 4,410,740 | 0 | 410,740 | 0 | 410,740 | 4,000,000 |
| Fixtures & Fittings | 9,884 | 0 | 0 | 9,884 | 9,884 | 0 | 0 | 9,884 | 0 |
| Total | 4,420,624 | 0 | 0 | 4,420,624 | 9,884 | 410,740 | 0 | 420,624 | 4,000,000 |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
An external valuation of the investment property was carried out on 29 December 2025.
| Description | 2026 £ |
|---|---|
| At 1 April | 4,410,740 |
| Fair value adjustment | (410,740) |
| At 31 March | 4,000,000 |
Creditors: amounts falling due within one year and after more than one year
| Description | 2026 £ |
2025 £ |
|---|---|---|
| Loans and borrowings | 0 | 2,974,049 |
| Amounts owed to group undertakings and undertakings in which the company has a participating interest | 290,217 | 26,620 |
| Accruals and deferred income | 30 | 1,080 |
| Total due within one year | 290,247 | 3,001,749 |
| Loans and borrowings due after more than one year | 4,711,261 | 1,879,666 |
Allotted, called up and fully paid shares
| Description | 2026 No. | 2026 £ |
2025 No. | 2025 £ |
|---|---|---|---|---|
| Ordinary of £1 each | 1 | 1 | 1 | 1 |
Non-current and current loans and borrowings
| Description | 2026 £ |
2025 £ |
|---|---|---|
| Non-current: Directors loan accounts (over 5 yrs) | 1,990,921 | 1,879,666 |
| Non-current: Bank borrowings | 2,720,340 | 0 |
| Current: Bank borrowings | 0 | 2,974,049 |
Arrived at after charging/(crediting)
| Description | 2026 £ |
2025 £ |
|---|---|---|
| Depreciation expense | 0 | 1,977 |
| Fair value loss on investment property | 410,740 | 0 |
The company is a private company limited by share capital, incorporated in England & Wales. The address of its registered office is: Unit 8 Harcourt Way, Meridian Business Park, Leicester, LE19 1WP, United Kingdom. These financial statements were authorised for issue by the director on the date of approval shown on the balance sheet.
Included in creditors falling due within one year is an interest-free loan of £263,597 from 3CM Limited, a fellow subsidiary of HARL Holdings Limited, repayable on demand.