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REGISTERED NUMBER: 12067655 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

HARBOUR BUILDINGS LIMITED

HARBOUR BUILDINGS LIMITED (REGISTERED NUMBER: 12067655)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HARBOUR BUILDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: P Bailey
G R Harvey





REGISTERED OFFICE: Unit 4
Bramery Business Park
Alstone Lane
Cheltenham
Gloucestershire
GL51 8HE





REGISTERED NUMBER: 12067655 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

HARBOUR BUILDINGS LIMITED (REGISTERED NUMBER: 12067655)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 65,548 100,282
Investment property 5 240,000 240,000
305,548 340,282

CURRENT ASSETS
Debtors 6 2,554 2,604
Cash at bank and in hand 16,171 57,912
18,725 60,516
CREDITORS
Amounts falling due within one year 7 85,195 149,075
NET CURRENT LIABILITIES (66,470 ) (88,559 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,078

251,723

CREDITORS
Amounts falling due after more than one
year

8

(75,327

)

(102,785

)

PROVISIONS FOR LIABILITIES (26,886 ) (37,438 )
NET ASSETS 136,865 111,500

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 31,500 31,500
Retained earnings 105,265 79,900
SHAREHOLDERS' FUNDS 136,865 111,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

HARBOUR BUILDINGS LIMITED (REGISTERED NUMBER: 12067655)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





P Bailey - Director


HARBOUR BUILDINGS LIMITED (REGISTERED NUMBER: 12067655)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Harbour Buildings 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
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Office equipment - 25% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

HARBOUR BUILDINGS LIMITED (REGISTERED NUMBER: 12067655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 500 146,057 1,200 147,757
Disposals - (3,000 ) - (3,000 )
At 30 April 2023 500 143,057 1,200 144,757
DEPRECIATION
At 1 May 2022 292 46,483 700 47,475
Charge for year 125 33,647 300 34,072
Eliminated on disposal - (2,338 ) - (2,338 )
At 30 April 2023 417 77,792 1,000 79,209
NET BOOK VALUE
At 30 April 2023 83 65,265 200 65,548
At 30 April 2022 208 99,574 500 100,282

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2022 131,077
Transfer to ownership (38,510 )
At 30 April 2023 92,567
DEPRECIATION
At 1 May 2022 37,216
Charge for year 30,022
Transfer to ownership (33,215 )
At 30 April 2023 34,023
NET BOOK VALUE
At 30 April 2023 58,544
At 30 April 2022 93,861

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 240,000
NET BOOK VALUE
At 30 April 2023 240,000
At 30 April 2022 240,000

Investment properties were valued by the directors on a market value basis at 30 April 2023 in accordance with note 2.

HARBOUR BUILDINGS LIMITED (REGISTERED NUMBER: 12067655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. INVESTMENT PROPERTY - continued

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2021 240,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,554 2,604

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,474 9,030
Hire purchase contracts 20,044 28,298
Trade creditors 240 240
Taxation and social security 9,949 -
Other creditors 47,488 111,507
85,195 149,075

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 63,166 69,084
Hire purchase contracts 12,161 33,701
75,327 102,785

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgage 70,640 78,116

Included within loans due under and over one year is a mortgage secured against the commercial property owned by the company.

10. RESERVES
Fair
value
reserve
£   
At 1 May 2022
and 30 April 2023 31,500

11. RELATED PARTY DISCLOSURES

Included in creditors: amounts falling due within one year is a loan account in the sum of £45,918 (£110,012) which has been provided by Harbour Facade Systems Limited, a company in the group. The account is unsecured, interest free and carries no fixed date of repayment.

12. CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholding.