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REGISTERED NUMBER: 10599419 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Harlequin Housing Ltd

Harlequin Housing Ltd (Registered number: 10599419)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Harlequin Housing Ltd (Registered number: 10599419)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 191,010 165,000

CURRENT ASSETS
Debtors 5 - 1,950
Cash at bank 8,870 2,607
8,870 4,557
CREDITORS
Amounts falling due within one year 6 3,912 145,403
NET CURRENT ASSETS/(LIABILITIES) 4,958 (140,846 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,968

24,154

CREDITORS
Amounts falling due after more than
one year

7

(177,809

)

-

PROVISIONS FOR LIABILITIES - (4,569 )
NET ASSETS 18,159 19,585

Harlequin Housing Ltd (Registered number: 10599419)

Statement of Financial Position - continued
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 - 23,937
Retained earnings 18,059 (4,452 )
SHAREHOLDERS' FUNDS 18,159 19,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 27 October 2023 and were signed by:





Mr Edward Talbot - Director


Harlequin Housing Ltd (Registered number: 10599419)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Harlequin Housing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10599419

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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 represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
The investment property has been stated at cost. The Board do not consider the fair value of the property to be materially different from the value disclosed.

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 statement of financial position date.


Harlequin Housing Ltd (Registered number: 10599419)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 March 2022 165,000
Additions 191,010
Disposals (136,494 )
Revaluations (28,506 )
At 28 February 2023 191,010
NET BOOK VALUE
At 28 February 2023 191,010
At 28 February 2022 165,000

Investment property situated at 3.05, Block A Wilburn Basin, 1-3 Ordsall Lane, Salford M5 4XP is under a charge from Keystone Property Finance Limited. The charge was created on 14th March 2022.

Cost or valuation at 28 February 2023 is represented by:
£   
Valuation in 2019 15,125
Valuation in 2021 2,000
Valuation in 2022 11,381
Valuation in 2023 (28,506 )
Cost 191,010
191,010

Harlequin Housing Ltd (Registered number: 10599419)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors - 1,950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts - 51,014
Taxation and social security 3,912 -
Other creditors - 94,389
3,912 145,403

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 100,000 -
Other creditors 77,809 -
177,809 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 100,000 -

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 100,000 51,014

The loan amounting to £100,000 is secured by the way of charge on the property situated at 3.05, Block A Wilburn Basin, 1-3 Ordsall Lane, Salford M5 4XP (disclosed as investment property). The charge was created in the name of Keystone Property Finance Limited on 14th March 2023.

Harlequin Housing Ltd (Registered number: 10599419)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 March 2022 23,937
Transfer to/from reserves (23,937 )

At 28 February 2023 -

11. RELATED PARTY DISCLOSURES

The company owes £77,809 to its director, Mr Edward Talbot who is also a sole shareholder of the company as at accounting year end date.