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REGISTERED NUMBER: 13046325 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Harberton Investments Limited

Harberton Investments Limited (Registered number: 13046325)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Harberton Investments Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: D Parker
Mrs G L Parker





REGISTERED OFFICE: Harberton House
Ivy Lane
Lower South Wraxall
Wiltshire
BA15 2RZ





REGISTERED NUMBER: 13046325 (England and Wales)

Harberton Investments Limited (Registered number: 13046325)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 852,052 852,052

CURRENT ASSETS
Debtors 5 498 377
Cash at bank 4,513 2,060
5,011 2,437
CREDITORS
Amounts falling due within one year 6 579,006 767,476
NET CURRENT LIABILITIES (573,995 ) (765,039 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,057

87,013

CREDITORS
Amounts falling due after more than one
year

7

(185,000

)

-

PROVISIONS FOR LIABILITIES (8,074 ) (6,136 )
NET ASSETS 84,983 80,877

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 24,221 26,158
Retained earnings 60,662 54,619
84,983 80,877

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

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

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 Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





Mrs G L Parker - Director


Harberton Investments Limited (Registered number: 13046325)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Harberton Investments 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
Turnover represents rental income receivable.

Rental income is recognised in accordance with the terms of the tenancy agreements.

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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 852,052
NET BOOK VALUE
At 30 November 2023 852,052
At 30 November 2022 852,052

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 852,052

Harberton Investments Limited (Registered number: 13046325)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 819,758 819,758

Investment properties were valued on an open market value basis on 30 November 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 498 377

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 12,000 -
Tax 1,418 5,211
Other creditors 2,539 2,192
Directors' current accounts 554,116 757,215
Accrued expenses 2,999 2,858
Deferred Income 5,934 -
579,006 767,476

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans - 1-2 years 12,000 -
Other loans - 2-5 years 36,000 -
Other loans due in more than 5 years 137,000 -
185,000 -

Amounts falling due in more than five years:

Repayable by instalments
Other loans due in more than 5 years 137,000 -

8. RELATED PARTY DISCLOSURES

The company's investment properties were acquired from the directors jointly in November 2020 at market values based on professional valuations carried out by an external valuer.The directors consider that these values remain appropriate at the balance sheet date.

The company's rental income includes rent from a company controlled by the directors charged at a market rent.

Other loans represent an unsecured loan from a company controlled by the directors, repayable over 17 years with interest at 7%, fixed for one year..

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors jointly.