Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-31trueis property development.false12021-11-011trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08745106 2021-11-01 2022-10-31 08745106 2020-11-01 2021-10-31 08745106 2022-10-31 08745106 2021-10-31 08745106 c:Director2 2021-11-01 2022-10-31 08745106 d:MotorVehicles 2021-11-01 2022-10-31 08745106 d:CurrentFinancialInstruments 2022-10-31 08745106 d:CurrentFinancialInstruments 2021-10-31 08745106 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 08745106 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 08745106 d:ShareCapital 2022-10-31 08745106 d:ShareCapital 2021-10-31 08745106 d:RetainedEarningsAccumulatedLosses 2022-10-31 08745106 d:RetainedEarningsAccumulatedLosses 2021-10-31 08745106 c:OrdinaryShareClass1 2021-11-01 2022-10-31 08745106 c:OrdinaryShareClass1 2022-10-31 08745106 c:OrdinaryShareClass1 2021-10-31 08745106 c:FRS102 2021-11-01 2022-10-31 08745106 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 08745106 c:FullAccounts 2021-11-01 2022-10-31 08745106 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 08745106 2 2021-11-01 2022-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08745106









HARPER 4TH GENERATION LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

 
HARPER 4TH GENERATION LIMITED
REGISTERED NUMBER: 08745106

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

  

Current assets
  

Stocks
  
336,706
336,706

Debtors: amounts falling due within one year
 4 
32,340
81,120

Cash at bank and in hand
  
10,393
24,777

  
379,439
442,603

Creditors: amounts falling due within one year
 5 
(111,940)
(110,781)

Net current assets
  
 
 
267,499
 
 
331,822

Total assets less current liabilities
  
267,499
331,822

  

Net assets
  
267,499
331,822


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
267,498
331,821

  
267,499
331,822


Page 1

 
HARPER 4TH GENERATION LIMITED
REGISTERED NUMBER: 08745106
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 November 2023.




Rachael Harper
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
HARPER 4TH GENERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

The company is registered in England and Wales. The company's registered office is Willow Barn, Rectory Lane, Upton Warren, Bromsgrove, Worcestershire, B61 7EG. The principal activity of the company is property development.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
HARPER 4TH GENERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.5

Stocks and work in progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

Page 4

 
HARPER 4TH GENERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

4.


Debtors

2022
2021
£
£


Other debtors
32,340
81,120

32,340
81,120



5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
-
108

Corporation tax
3,425
1,763

Other taxation and social security
-
363

Other creditors
105,460
105,460

Accruals and deferred income
3,055
3,087

111,940
110,781


Page 5

 
HARPER 4TH GENERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

6.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 (2021 - 1) Ordinary share of £1.00
1
1



7.


Transactions with directors

During the year the company advanced £28,648 (2021 £133,022) to the directors, including interest of £974 (2021 £1,882), and recieved repayment totalling £78,400 (2021 £59,015). At the balance sheet date the directors owed the company £29,580 (2021 £78,359).

 
Page 6