The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Harding Estates (East Anglia) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor Arthur Stanley House, 40-50 Tottenham Street, London, United Kingdom, W1T 4RN.

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.

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. At the balance sheet date, the company had net liabilities of £383,308 (2023: net assets of £2,120,807) and is reliant on the continuing support of its shareholder and on the support of companies under common ownership to fund its operations. The company’s main activity is that of real estate development, which it is hoped will generate future economic benefits. true

The director has considered the financial position of the company and, as the shareholder, has confirmed that he will continue to provide financial support for the foreseeable future to enable the company to meet its liabilities as they fall due. Additionally, the director has reviewed the company's cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements, which demonstrate that the company is able to meet its liabilities as they fall due with the ongoing support of the shareholder.

Based on this assessment, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

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.

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.

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, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 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.

The 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 net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

The average monthly number of persons (including directors) employed by the company during the year was:

On 4 April 2022, the company issued 120 ordinary shares at a nominal value of £1 each and 99 deferred shares at a nominal value of £1 each.

The holders of the deferred shares shall not be entitled to any dividend or other distribution in respect of their holding of such shares. On a return of assets on a liquidation, reduction of capital or otherwise, the holders of the deferred shares shall be entitled to the nominal value in respect of such shares after the holders of the ordinary shares shall have received £10,000,000 in respect of each such share held by them.

The company has granted a charge over the land held in stock in respect of a loan advanced to the company. The loan to the company is included within creditors amounts falling due after more than one year.

At the balance sheet date, included within other debtors is a balance of £5,477,137 (2023: £5,439,941 restated) owed from the director of the company. No interest was charged on the loan during the year.

At the balance sheet date, the company was owed £2,022,078 (2023: £1,766,287) from Williams Group UK Properties Limited, £467,343 (2023: £467,040) from Harding Homes (East Street) Limited, £6,896 (2023: £Nil) from Gregson Estates (Southport) Limited, £79,781 (2023: £Nil) from Honeyview Investments Limited, £87,876 (2023: £85,471) from Begin Braintree (A F) Limited, These are companies controlled by the director, and are disclosed within other debtors.

At the balance sheet date, the company owed £1,509,559 (2023: £1,516,615) to Williams Management Services Limited, £15,000 (2023: £15,000) to Begin Braintree Limited, £Nil (2023: £79,116) to Honeyview Investments Limited. These are companies controlled controlled by the director, and are disclosed within other creditors.

During the year Williams Group UK Properties Limited charged £186,158 (2023: £187,099) in relation to management fees.

A prior period adjustment has been made for 120 Ordinary Shares of £1 each and 99 Deferred Shares of £1 each, not previously accounted for on issue on 4 April 2022.

A prior period adjustment has been made to correct the position between the director's loan account and bank loans amounting to £5,439,941. The director's loan account is subject to S455 tax in the sum of £1,767,981 and this amount is included within corporation tax recoverable and corporation tax liability falling due within one year. Additional amounts of £200,845 and £60,722 have been adjusted for in work in progress and retained earnings respectively relating to expenses incurred, but not accounted for in prior years.