Caseware UK (AP4) 2021.0.152 2021.0.152 2023-02-282023-02-28falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-03-01property investment.32truetrue 02295935 2022-03-01 2023-02-28 02295935 2021-03-01 2022-02-28 02295935 2023-02-28 02295935 2022-02-28 02295935 2021-03-01 02295935 1 2022-03-01 2023-02-28 02295935 1 2021-03-01 2022-02-28 02295935 d:CompanySecretary1 2022-03-01 2023-02-28 02295935 d:Director1 2022-03-01 2023-02-28 02295935 d:Director2 2022-03-01 2023-02-28 02295935 d:RegisteredOffice 2022-03-01 2023-02-28 02295935 e:PlantMachinery 2022-03-01 2023-02-28 02295935 e:PlantMachinery 2023-02-28 02295935 e:PlantMachinery 2022-02-28 02295935 e:PlantMachinery e:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 02295935 e:FurnitureFittings 2022-03-01 2023-02-28 02295935 e:ComputerEquipment 2022-03-01 2023-02-28 02295935 e:FreeholdInvestmentProperty 2023-02-28 02295935 e:FreeholdInvestmentProperty 2022-02-28 02295935 e:CurrentFinancialInstruments 2023-02-28 02295935 e:CurrentFinancialInstruments 2022-02-28 02295935 e:CurrentFinancialInstruments e:WithinOneYear 2023-02-28 02295935 e:CurrentFinancialInstruments e:WithinOneYear 2022-02-28 02295935 e:ShareCapital 2022-03-01 2023-02-28 02295935 e:ShareCapital 2023-02-28 02295935 e:ShareCapital 2021-03-01 2022-02-28 02295935 e:ShareCapital 2022-02-28 02295935 e:ShareCapital 2021-03-01 02295935 e:SharePremium 2022-03-01 2023-02-28 02295935 e:SharePremium 2023-02-28 02295935 e:SharePremium 1 2022-03-01 2023-02-28 02295935 e:SharePremium 2021-03-01 2022-02-28 02295935 e:SharePremium 2022-02-28 02295935 e:SharePremium 2021-03-01 02295935 e:SharePremium 1 2021-03-01 2022-02-28 02295935 e:RevaluationReserve 2022-03-01 2023-02-28 02295935 e:RevaluationReserve 2023-02-28 02295935 e:RevaluationReserve 1 2022-03-01 2023-02-28 02295935 e:RevaluationReserve 2021-03-01 2022-02-28 02295935 e:RevaluationReserve 2022-02-28 02295935 e:RevaluationReserve 2021-03-01 02295935 e:RevaluationReserve 1 2021-03-01 2022-02-28 02295935 e:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 02295935 e:RetainedEarningsAccumulatedLosses 2023-02-28 02295935 e:RetainedEarningsAccumulatedLosses 2021-03-01 2022-02-28 02295935 e:RetainedEarningsAccumulatedLosses 2022-02-28 02295935 e:RetainedEarningsAccumulatedLosses 2021-03-01 02295935 d:FRS102 2022-03-01 2023-02-28 02295935 d:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 02295935 d:FullAccounts 2022-03-01 2023-02-28 02295935 d:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure
Registered number: 02295935












PAUL HARDING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
 28 FEBRUARY 2023


























 


img0c5d.png
01483 755 399
hamlyns.com

 
PAUL HARDING LIMITED
 

COMPANY INFORMATION


Directors
M Harding 
P M Harding 




Company secretary
M Harding



Registered number
02295935



Registered office
The Clockhouse
4 Windmill Road

Wimbledon Common

London

SW19 5NQ




Accountants
Hamlyns Limited
Chartered Accountants

Sundial House

High Street

Horsell

WOKING

GU21 4SU






 
PAUL HARDING LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS O FPAUL HARDING LIMITED
FOR THE YEAR ENDED 28 FEBRUARY 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Paul Harding Limited for the year ended 28 February 2023 which comprise  the balance sheet, the statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/membership/
regulations-standards-and-guidance.


This report is made solely to the board of directors of Paul Harding Limited, as a body, in accordance with the terms of our engagement at hamlyns.com/tac. Our work has been undertaken solely to prepare for your approval the financial statements of Paul Harding Limited and state those matters that we have agreed to state to the board of directors of Paul Harding Limited, as a body, in this report in accordance with ICAEW Technical release TECH07/16AAF . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paul Harding Limited and its board of directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Paul Harding Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Paul Harding Limited. You consider that Paul Harding Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Paul Harding Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.





Hamlyns Limited
Chartered Accountants
Sundial House
High Street
Horsell
WOKING
GU21 4SU

13 October 2023
Page 1

 
PAUL HARDING LIMITED
REGISTERED NUMBER: 02295935

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,759
899

Investments
 5 
200,474
211,832

Investment property
 6 
2,925,000
2,925,000

  
3,128,233
3,137,731

Current assets
  

Debtors: amounts falling due within one year
 7 
173
567

Cash at bank and in hand
  
95,264
23,287

  
95,437
23,854

Creditors: amounts falling due within one year
 8 
(44,598)
(63,833)

Net current assets/(liabilities)
  
 
 
50,839
 
 
(39,979)

Total assets less current liabilities
  
3,179,072
3,097,752

Provisions for liabilities
  

Deferred tax
  
(428,923)
(327,373)

  
 
 
(428,923)
 
 
(327,373)

Net assets
  
2,750,149
2,770,379


Capital and reserves
  

Called up share capital 
  
2,002
2,002

Share premium account
  
1,124,000
1,124,000

Revaluation reserve
  
1,842,462
1,951,341

Profit and loss account
  
(218,315)
(306,964)

  
2,750,149
2,770,379


Page 2

 
PAUL HARDING LIMITED
REGISTERED NUMBER: 02295935

BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




___________________________
P M Harding
Director

Date: 10 October 2023

The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
PAUL HARDING LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2023


Called up share capital
Share premium account
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£


At 1 March 2021
2,002
1,124,000
1,949,799
(327,839)
2,747,962


Comprehensive income for the year

Profit for the year

-
-
-
22,417
22,417

Transfer between other reserves
-
-
-
(1,542)
(1,542)
Total comprehensive income for the year
-
-
-
20,875
20,875


Contributions by and distributions to owners

Transfer between other reserves
-
-
1,542
-
1,542


Total transactions with owners
-
-
1,542
-
1,542



At 1 March 2022
2,002
1,124,000
1,951,341
(306,964)
2,770,379


Comprehensive income for the year

Loss for the year

-
-
-
(20,230)
(20,230)

Transfer between other reserves
-
-
-
108,879
108,879
Total comprehensive income for the year
-
-
-
88,649
88,649


Contributions by and distributions to owners

Transfer between other reserves
-
-
(108,879)
-
(108,879)


Total transactions with owners
-
-
(108,879)
-
(108,879)


At 28 February 2023
2,002
1,124,000
1,842,462
(218,315)
2,750,149


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
PAUL HARDING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Paul Harding Limited is a private company limited by shares and incorporated in England. Its registered office and company number can be found on the company information page.
 

2.Accounting policies

  
2.1

Basis of preparation

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain assets, and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts have been prepared on the going concern basis.

  
2.2

Turnover

Turnover represents the fair value of the amounts recievable in respect of the letting of freehold properties.

  
2.3

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deffered tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

  
2.4

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. 

  
2.5

Investment property

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at each balance shet date by the directors at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
PAUL HARDING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Fixtures and fittings
-
5
years
Computer equipment
-
3
years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.9

Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, its is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).

Page 6

 
PAUL HARDING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 March 2022
36,786


Additions
3,464



At 28 February 2023

40,250



Depreciation


At 1 March 2022
35,887


Charge for the year on owned assets
1,604



At 28 February 2023

37,491



Net book value



At 28 February 2023
2,759



At 28 February 2022
899


5.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


At 1 March 2022
1,504
210,328
211,832


Additions
-
12,817
12,817


Disposals
-
(16,845)
(16,845)


Revaluations
-
(7,329)
(7,329)



At 28 February 2023
1,504
198,971
200,475




Page 7

 
PAUL HARDING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Investment property


Freehold investment property

£



Valuation


At 1 March 2022
2,925,000



At 28 February 2023
2,925,000


Comprising


Cost
654,687

Annual revaluation surplus/(deficit):
Annual revaluation surplus/(deficit):

Revaluation
2,270,313

At 28 February 2023
2,925,000
















Page 8

 
PAUL HARDING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Debtors

2023
2022
£
£


Trade debtors
94
539

Prepayments and accrued income
79
28

173
567



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,845
7,834

Amounts owed to group undertakings
4
4

Other taxation and social security
1,627
1,390

Other creditors
29,498
46,369

Accruals and deferred income
8,624
8,236

44,598
63,833



Page 9