Company Registration No. 13449947 (England and Wales)
Harrington Homes (Teignmouth) Limited
Unaudited accounts
for the period from 1 April 2022 to 31 December 2022
Harrington Homes (Teignmouth) Limited
Unaudited accounts
Contents
Harrington Homes (Teignmouth) Limited
Company Information
for the period from 1 April 2022 to 31 December 2022
Directors
Gareth Hughes
Max Ashton
Company Number
13449947 (England and Wales)
Registered Office
Orchard House
Exeter
Devon
EX5 1BR
United Kingdom
Accountants
The Fresh Accountancy Company Limited
Orchard House
Clyst St Mary
Exeter
Devon
EX5 1BR
Harrington Homes (Teignmouth) Limited
Statement of financial position
as at 31 December 2022
Cash at bank and in hand
480
-
Creditors: amounts falling due within one year
(9,853,910)
-
Net current (liabilities)/assets
(6,832,904)
100
Called up share capital
100
100
Profit and loss account
(27)
-
Shareholders' funds
73
100
For the period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by
Gareth Hughes
Director
Company Registration No. 13449947
Harrington Homes (Teignmouth) Limited
Notes to the Accounts
for the period from 1 April 2022 to 31 December 2022
Harrington Homes (Teignmouth) Limited is a private company, limited by shares, registered in England and Wales, registration number 13449947. The registered office is Orchard House, Exeter, Devon, EX5 1BR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 1 April 2022 to 31 December 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 10 June 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The accounts have been prepared on a going concern basis. The going concern of the company and the group is dependent of the continued support of its directors and lenders.
4
Capital commitments
31/12/2022
31/03/2022
Amounts contracted but not provided for in the accounts
10,541,320
-
The company is comitted to the development of building projects, by virtue of it's subsidiary Hallbaron Limited. Committed finance facilites provided to the company for a total value of £20,100,456. As at the balance sheet date an amount of £9,559,136 had been spent to date.
5
Transactions with related parties
During the period the company transacted with related parties, related by virtue of the directors have an interest in the management or ownership.
Amounts due to related parties at the balance sheet date £4,989,000
Amounts borrowed from related parties during the period £4,989,000
Harrington Homes (Teignmouth) Limited
Notes to the Accounts
for the period from 1 April 2022 to 31 December 2022
The company is controlled by Harrington Homes (SW) Limited, registered in England and Wales under number 11166928. Registered office; Orchard House, Clyst St Mary, EX5 1BR.
Harrington Homes (SW) Limited is also the ultimate controlling party.
7
Average number of employees
During the period the average number of employees was 2 (31/03/2022: 2).