Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12667034 2022-04-01 2023-03-31 12667034 2021-04-01 2022-03-31 12667034 2023-03-31 12667034 2022-03-31 12667034 c:Director1 2022-04-01 2023-03-31 12667034 d:MotorVehicles 2022-04-01 2023-03-31 12667034 d:MotorVehicles 2023-03-31 12667034 d:MotorVehicles 2022-03-31 12667034 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12667034 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 12667034 d:FurnitureFittings 2022-04-01 2023-03-31 12667034 d:FurnitureFittings 2023-03-31 12667034 d:FurnitureFittings 2022-03-31 12667034 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12667034 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 12667034 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 12667034 d:OtherPropertyPlantEquipment 2023-03-31 12667034 d:OtherPropertyPlantEquipment 2022-03-31 12667034 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12667034 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 12667034 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12667034 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 12667034 d:CurrentFinancialInstruments 2023-03-31 12667034 d:CurrentFinancialInstruments 2022-03-31 12667034 d:Non-currentFinancialInstruments 2023-03-31 12667034 d:Non-currentFinancialInstruments 2022-03-31 12667034 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12667034 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12667034 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12667034 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 12667034 d:ShareCapital 2023-03-31 12667034 d:ShareCapital 2022-03-31 12667034 d:RetainedEarningsAccumulatedLosses 2023-03-31 12667034 d:RetainedEarningsAccumulatedLosses 2022-03-31 12667034 c:FRS102 2022-04-01 2023-03-31 12667034 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12667034 c:FullAccounts 2022-04-01 2023-03-31 12667034 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12667034 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 12667034 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 12667034 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 12667034 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 12667034 2 2022-04-01 2023-03-31 12667034 6 2022-04-01 2023-03-31 12667034 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12667034









HARBOUR AVENUE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
HARBOUR AVENUE LIMITED
REGISTERED NUMBER: 12667034

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
501,353
285,007

Investments
 5 
1,528,861
952,715

  
2,030,214
1,237,722

Current assets
  

Debtors: amounts falling due within one year
 6 
36,363
2,111

Cash at bank and in hand
 7 
4,482
798,406

  
40,845
800,517

Creditors: amounts falling due within one year
 8 
(107,430)
(98,645)

Net current (liabilities)/assets
  
 
 
(66,585)
 
 
701,872

Total assets less current liabilities
  
1,963,629
1,939,594

Creditors: amounts falling due after more than one year
 9 
(42,697)
(47,102)

  

Net assets
  
1,920,932
1,892,492


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,920,931
1,892,491

  
1,920,932
1,892,492


Page 1

 
HARBOUR AVENUE LIMITED
REGISTERED NUMBER: 12667034
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 comprehensive income 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 by: 




T S M Marchiolo
Director

Date: 19 February 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HARBOUR AVENUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Harbour Avenue Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
HARBOUR AVENUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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 balance sheet date in the countries where the Company operates and generates income.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
HARBOUR AVENUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

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, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures and fittings
-
25%

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.

 
2.10

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 5

 
HARBOUR AVENUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.14

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 (2022 - 1).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 April 2022
59,429
6,842
229,262
295,533


Additions
-
1,566
231,740
233,306



At 31 March 2023

59,429
8,408
461,002
528,839



Depreciation


At 1 April 2022
7,428
3,098
-
10,526


Charge for the year on owned assets
-
2,102
-
2,102


Charge for the year on financed assets
14,858
-
-
14,858



At 31 March 2023

22,286
5,200
-
27,486



Net book value



At 31 March 2023
37,143
3,208
461,002
501,353



At 31 March 2022
52,001
3,744
229,262
285,007

Page 6

 
HARBOUR AVENUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Fixed asset investments





Listed investments
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 April 2022
902,715
50,000
952,715


Additions
8,051,033
-
8,051,033


Disposals
(7,450,356)
-
(7,450,356)


Revaluations
(24,531)
-
(24,531)



At 31 March 2023
1,478,861
50,000
1,528,861





6.


Debtors

2023
2022
£
£


Other debtors
36,363
2,111

36,363
2,111



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,482
798,406

Less: bank overdrafts
(355)
(87)

4,127
798,319


Page 7

 
HARBOUR AVENUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
355
87

Corporation tax
38,978
85,490

Obligations under finance lease and hire purchase contracts
7,551
7,551

Other creditors
58,546
3,517

Accruals and deferred income
2,000
2,000

107,430
98,645



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
42,697
47,102

42,697
47,102



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
7,551
8,181

Between 1-5 years
13,844
18,249

21,395
26,430

 
Page 8