Registered number
06251999
HARDING PLACE FOREST HILL LIMITED
Filleted Accounts
31 March 2023
HARDING PLACE FOREST HILL LIMITED
Registered number: 06251999
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Reversionary interest 3 136,829 154,291
Current assets
Debtors 4 1,185 -
Cash at bank and in hand 9,891 11,153
11,076 11,153
Creditors: amounts falling due within one year 5 (8,113) (28,302)
Net current assets/(liabilities) 2,963 (17,149)
Total assets less current liabilities 139,792 137,142
Creditors: amounts falling due after more than one year 6 (24,747) (28,672)
Net assets 115,045 108,470
Capital and reserves
Called up share capital 12 11
Share premium 341,007 341,007
Profit and loss account (225,974) (232,548)
Shareholders' funds 115,045 108,470
Number Number
Average number of employees 0 0
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 06 November 2023
H R C Al-Shybani E Boxer A Connolly
Director Director Director
A J Gabony J L Murray
Director Director
HARDING PLACE FOREST HILL LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A -small entities, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents rents receivable in the period
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than the cost of the freehold reversion, at rates calculated to write off the cost, less residual value, of each asset evenly over its expected useful life, as follows:
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. Deferred 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 that 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Intangible fixed assets £
Beneficial right to receive income for telecommunications masts
Cost
At 1 April 2022 175,000
At 31 March 2023 175,000
Amortisation
At 1 April 2022 175,000
At 31 March 2023 175,000
Net book value
At 31 March 2023 -
The acquisition cost of the rights to receive income from telecommunications masts situated on the roof of the managed property is being written off in equal annual instalments over 10 years.
3 Reversionary interest
reversionary interest in land and buildings at cost
£
Cost
At 1 April 2022 154,291
Additions -
Surplus on revaluation -
Disposals (17,462)
At 31 March 2023 136,829
Depreciation
At 1 April 2022 -
Charge for the year -
Surplus on revaluation -
On disposals -
At 31 March 2023 -
Net book value
At 31 March 2023 136,829
At 31 March 2022 154,291
4 Debtors 2023 2022
£ £
Other debtors 1,185 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,500 4,412
Trade creditors 960 840
Corporation tax 1,795 1,869
Other creditors 858 21,181
8,113 28,302
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,747 28,672
7 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 6,749 11,027
Secured bank loans 29,247 33,084
The loan is secured by fixed charge over the freehold property and a floating charge over the other assets of the company.
8 Events after the reporting date
There were no significant events since the end of the financial year that in the opinion of the directors would effct the accounts.
9 Other information
HARDING PLACE FOREST HILL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
9 St Marks Road
Bromley
Kent
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