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REGISTERED NUMBER: 06975155 (England and Wales)















Financial Statements for the Year Ended 31 March 2022

for

Hargreaves (Tarnacre) Limited

Hargreaves (Tarnacre) Limited (Registered number: 06975155)

Contents of the Financial Statements
for the Year Ended 31 March 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hargreaves (Tarnacre) Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: A G Duckett
J R Duckett





REGISTERED OFFICE: Bradleys Sandpit
Lightfoot Green Lane
Lightfoot Green
Preston
Lancashire
PR4 0AP





REGISTERED NUMBER: 06975155 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Hargreaves (Tarnacre) Limited (Registered number: 06975155)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,458

CURRENT ASSETS
Debtors 5 925,594 1,001,317
Investments 6 207,371 202,953
Cash at bank 228,379 13,517
1,361,344 1,217,787
CREDITORS
Amounts falling due within one year 7 48,188 71,842
NET CURRENT ASSETS 1,313,156 1,145,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,313,156

1,147,403

PROVISIONS FOR LIABILITIES 8 207,371 203,228
NET ASSETS 1,105,785 944,175

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 9 500 500
Retained earnings 9 1,104,785 943,175
SHAREHOLDERS' FUNDS 1,105,785 944,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Hargreaves (Tarnacre) Limited (Registered number: 06975155)

Balance Sheet - continued
31 March 2022


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 6 September 2022 and were signed on its behalf by:





A G Duckett - Director


Hargreaves (Tarnacre) Limited (Registered number: 06975155)

Notes to the Financial Statements
for the Year Ended 31 March 2022


1. STATUTORY INFORMATION

Hargreaves (Tarnacre) 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 40 years
Plant and machinery - 20% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Hargreaves (Tarnacre) Limited (Registered number: 06975155)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 April 2021 45,723 9,771 55,494
Disposals - (9,771 ) (9,771 )
At 31 March 2022 45,723 - 45,723
DEPRECIATION
At 1 April 2021 45,723 8,313 54,036
Eliminated on disposal - (8,313 ) (8,313 )
At 31 March 2022 45,723 - 45,723
NET BOOK VALUE
At 31 March 2022 - - -
At 31 March 2021 - 1,458 1,458

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Other debtors - 6,548
Chainlink Holding Company Ltd 915,015 945,015
VAT 149 858
Prepayments 10,430 48,896
925,594 1,001,317

6. CURRENT ASSET INVESTMENTS
31.3.22 31.3.21
£    £   
Restoration bond 207,371 202,953

Hargreaves (Tarnacre) Limited (Registered number: 06975155)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 7,502 54,282
Corporation tax 38,186 15,060
Accrued expenses 2,500 2,500
48,188 71,842

8. PROVISIONS FOR LIABILITIES
31.3.22 31.3.21
£    £   
Deferred tax - 275
Escrow provision 207,371 202,953
207,371 203,228

Deferred
tax
£   
Balance at 1 April 2021 275
Utilised during year (275 )
Balance at 31 March 2022 -

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2021 943,175 500 943,675
Profit for the year 161,610 161,610
At 31 March 2022 1,104,785 500 1,105,285

Hargreaves (Tarnacre) Limited (Registered number: 06975155)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A G Duckett.

Chain Link Holding Company Limited (incorporated in the United Kingdom) is the company's ultimate parent undertaking.

The parent company of the smallest and largest Group to include the Company within its consolidated financial statements is Chain Link Holding Company Limited. Copies of these financial statements are available from Suites 5 & 6, The Printworks, Hey Road, Barrow, Clitheroe, Lancashire, BB7 9WB.