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COMPANY REGISTRATION NUMBER: 05112291
Harkin (Holdings) Ltd
Filleted Unaudited Financial Statements
31 March 2023
Harkin (Holdings) Ltd
Financial Statements
Year ended 31 March 2023
Contents
Page
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3
Harkin (Holdings) Ltd
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Harkin (Holdings) Ltd
Year ended 31 March 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
VAGHELA & CO. (SERVICES) LTD. Chartered Certified Accountants
P.O. Box 10901 Birmingham B1 1ZQ
14 February 2024
Harkin (Holdings) Ltd
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
£
Current assets
Debtors
4
120,000
119,930
Cash at bank and in hand
46,419
46,489
---------
---------
166,419
166,419
Creditors: amounts falling due within one year
5
247,665
247,665
---------
---------
Net current liabilities
81,246
81,246
--------
--------
Total assets less current liabilities
( 81,246)
( 81,246)
--------
--------
Net liabilities
( 81,246)
( 81,246)
--------
--------
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
( 81,346)
( 81,346)
--------
--------
Shareholders deficit
( 81,246)
( 81,246)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 February 2024 , and are signed on behalf of the board by:
Mr P.A. Harkin
Director
Company registration number: 05112291
Harkin (Holdings) Ltd
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 42 Fulford Hall Road, Tidbury Green, Solihull, West Midlands, B90 1QX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year or prior year.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date except that deferred tax assets are recognised only to the extent that the directors anticipate that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax balances are not discounted.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2023
2022
£
£
Other debtors
120,000
119,930
---------
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,599
3,599
Social security and other taxes
34,454
34,454
Other creditors
209,612
209,612
---------
---------
247,665
247,665
---------
---------
6. Called up share capital
Authorised share capital
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
7. Director's advances, credits and guarantees
At 31st March 2023, other creditors include the following amounts due to the director:- Mr P. Harkin £612 (2022 - £612) The loans are interest free and repayable on demand.
8. Related party transactions