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Registered Number: 04780378
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 November 2022

for

HAREFIELD PLACE PROPERTIES LIMITED

Director Hussein Zeineddine
Registered Number 04780378
Registered Office Isidore Road, Bromsgrove Enterprise Park
Bromsgrove
B60 3ET
Accountants Krowe Limited
Basepoint Bromsgrove
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3ET
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 30 November 2022.
Principal activities
Principal activity of the company during the financial year was that of property development.
Director
The director who served the company throughout the year was as follows:
Hussein Zeineddine
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Hussein Zeineddine
Director

Date approved: 26 October 2023
2
Report to the directors on the preparation of the unaudited statutory accounts of Harefield Place Properties Limited for the year ended 30 November 2022.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Harefield Place Properties Limited for the year ended 30 November 2022 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/.

This report is made solely to the Board of Directors of Harefield Place Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Harefield Place Properties Limited and state those matters that we have agreed to state to the Board of Directors of Harefield Place Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harefield Place Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Harefield Place Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Harefield Place Properties Limited. You consider that Harefield Place Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Harefield Place Properties 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 accounts.

30 November 2022



....................................................
Krowe Limited
Basepoint Bromsgrove
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3ET
26 October 2023
3
 
 
Notes
 
2022
£
  2021
£
Current assets      
Debtors: amounts falling due within one year 3 4,163,519    4,261,169 
Cash at bank and in hand 3,500    331 
4,167,019    4,261,500 
Creditors: amount falling due within one year 4 (1,373,615)   (1,466,590)
Net current assets 2,793,404    2,794,910 
 
Total assets less current liabilities 2,793,404    2,794,910 
Net assets 2,793,404    2,794,910 
 

Capital and reserves
     
Called up share capital 5 1    1 
Profit and loss account 2,793,403    2,794,909 
Shareholder's funds 2,793,404    2,794,910 
 


For the year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 26 October 2023 and were signed by:


-------------------------------
Hussein Zeineddine
Director
4
General Information
Harefield Place Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 04780378, registration address Isidore Road, Bromsgrove Enterprise Park, Bromsgrove, B60 3ET.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention 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)
Going concern basis
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 cash  flows, including an assessment of the potential impact of the COVID-19 pandemic. The full impact of the COVID-19 pandemic on the business remains uncertain and as a result, unquantifiable at this stage. Nevertheless, having assessed this 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.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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
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.

Average number of employees


Average number of employees during the year was 1 (2021 : 0).
3.

Debtors: amounts falling due within one year

2022
£
  2021
£
Other Debtors 4,163,519    4,261,169 
4,163,519    4,261,169 

4.

Creditors: amount falling due within one year

2022
£
  2021
£
Other Creditors 1,373,615    1,466,590 
1,373,615    1,466,590 

5.

Share Capital

Allotted, called up and fully paid
2022
£
  2021
£
1 Ordinary share of £1.00 each  
 

6.

Related party transactions

Included within other debtors is £4,163,519 (2021: £4,261,169) owed by a related company. This loan is unsecured, interest free and repayable on demand.
Included within other creditors is an amount of £861,419 (2021: £870,419) owed to the director and an amount of £309,171 (2021: £394,171) owed to a related company. These loans are unsecured, interest free and repayable on demand.

7.

Controlling party

The ultimate controlling party is the director, by virtue of his shareholding in the holding company.
5