Harefield Place Properties Limited

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

Registered number: 04780378

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	3,930,000		-
Debtors	5	4,440,107		4,163,519
Cash at bank and in hand		40,481		1,137

		8,410,588		4,164,656
Creditors: Amounts Falling Due Within One Year	6	(5,810,264 )		(1,372,665 )

NET CURRENT ASSETS (LIABILITIES)			2,600,324		2,791,991

TOTAL ASSETS LESS CURRENT LIABILITIES			2,600,324		2,791,991

NET ASSETS			2,600,324		2,791,991

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			2,600,323		2,791,990

SHAREHOLDERS' FUNDS			2,600,324		2,791,991

For the year ending 30 November 2024 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 Oliver Zeineddine

Director

25 November 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Harefield Place Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04780378 . The registered office is C/O Krowe Limited Basepoint Business Centre, Isidore Road, Bromsgrove Enterprise Park, Bromsgrove, B60 3ET.

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. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. The director has carefully reviewed the future prospects of the Company and its future cashflows. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future being at least the next 12 months from signing of these financial statements. For this reason the director continues to adopt the going concern basis for the preparation of the financial statement. Accordingly, these financial statements do not include any adjustments to the carrying amount or classification of assets and liabilities that would result if the Company was unable to continue as a going concern.

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.4. 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 balance sheet 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.

2.5. Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Stocks

	2024	2023
	£	£
Finished goods	3,930,000	-

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	4,440,107	4,163,519

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Page 3

Harefield Place Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	2,550,000	-
Amounts owed to group undertakings	1,255,136	309,171
Other creditors	2,005,128	1,063,494

	5,810,264	1,372,665

7. Secured Creditors

The total value of liabilities included in bank loans and overdrafts which were secured at the year end were £2,550,000 (2023 - Nil). Security comprises a fixed and floating charge over all the assets of the company.

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1