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REGISTERED NUMBER: 02911388 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

W.A. Hardman & Co. Limited

W.A. Hardman & Co. Limited (Registered number: 02911388)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W.A. Hardman & Co. Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr B A Hardman





REGISTERED OFFICE: Offices 1 and 2
1A King Street
Farnworth
Bolton
Greater Manchester
BL4 7AB





REGISTERED NUMBER: 02911388 (England and Wales)





ACCOUNTANTS: Higsons Limited
Accountants
Offices 1 and 2
1A King Street
Farnworth
Bolton
Greater Manchester
BL4 7AB

W.A. Hardman & Co. Limited (Registered number: 02911388)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124 165
Investments 5 100 -
Investment property 6 1,503,000 1,503,000
1,503,224 1,503,165

CURRENT ASSETS
Stocks - 256,877
Debtors 7 - 1,580
Cash at bank 19,325 15,735
19,325 274,192
CREDITORS
Amounts falling due within one year 8 191,299 426,449
NET CURRENT LIABILITIES (171,974 ) (152,257 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,331,250

1,350,908

CREDITORS
Amounts falling due after more than one
year

9

(930,138

)

(945,803

)

PROVISIONS FOR LIABILITIES 11 (76,151 ) (76,157 )
NET ASSETS 324,961 328,948

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 12 324,541 324,541
Retained earnings 12 320 4,307
SHAREHOLDERS' FUNDS 324,961 328,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

W.A. Hardman & Co. Limited (Registered number: 02911388)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 3 November 2023 and were signed by:





Mr B A Hardman - Director


W.A. Hardman & Co. Limited (Registered number: 02911388)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

W.A. Hardman & Co. 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation. At the balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered impairment losses, no such losses were identified.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

W.A. Hardman & Co. Limited (Registered number: 02911388)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 1,651
DEPRECIATION
At 1 April 2022 1,486
Charge for year 41
At 31 March 2023 1,527
NET BOOK VALUE
At 31 March 2023 124
At 31 March 2022 165

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,503,000
NET BOOK VALUE
At 31 March 2023 1,503,000
At 31 March 2022 1,503,000

W.A. Hardman & Co. Limited (Registered number: 02911388)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2018 251,292
Valuation in 2019 149,375
Cost 1,102,333
1,503,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 1,102,333 1,102,332

Investment properties were valued on an open market basis on 31 March 2023 by the company's director Mr B A Hardman .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors - 1,580

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 16,073 17,882
Trade creditors (1 ) 6,765
Taxation and social security 11,485 40,430
Other creditors 163,742 361,372
191,299 426,449

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 930,138 945,803

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,291 18,628

W.A. Hardman & Co. Limited (Registered number: 02911388)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 946,211 963,685
Sundry loans - 33,144
946,211 996,829

Sundry loans amounting to £nil (2022 - £33,144) are included in other creditors. Bank loans are secured against investment property.

11. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax
Accelerated capital allowances 24 30
Deferred tax on fair value reserve 76,127 76,127
76,151 76,157

Deferred
tax
£   
Balance at 1 April 2022 76,157
Credit to Income Statement during year (6 )
Balance at 31 March 2023 76,151

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2022 4,307 324,541 328,848
Profit for the year 10,013 10,013
Dividends (14,000 ) (14,000 )
At 31 March 2023 320 324,541 324,861