REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements |
For The Year Ended 31 March 2023 |
for |
HARVEST REAL ESTATE LIMITED |
REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements |
For The Year Ended 31 March 2023 |
for |
HARVEST REAL ESTATE LIMITED |
HARVEST REAL ESTATE LIMITED (REGISTERED NUMBER: 07670968) |
Contents of the Financial Statements |
For The Year Ended 31 March 2023 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
HARVEST REAL ESTATE LIMITED |
Company Information |
For The Year Ended 31 March 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
T/A Lees-Buckley & Co |
16 Northfields Prospect |
Putney Bridge Road |
London |
SW18 1PE |
HARVEST REAL ESTATE LIMITED (REGISTERED NUMBER: 07670968) |
Report of the Directors |
For The Year Ended 31 March 2023 |
The directors present their report with the financial statements of the company for the year ended 31 March 2023. |
PRINCIPAL ACTIVITY |
The company's principal activity during the year was the management of its freehold property at 115 Ebury Street, London SW1. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
BY ORDER OF THE BOARD: |
HARVEST REAL ESTATE LIMITED (REGISTERED NUMBER: 07670968) |
Income Statement |
For The Year Ended 31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ |
REVENUE |
Administrative expenses | ( |
) | ( |
) |
(1,282 | ) | (1,217 | ) |
Other operating income | 3 |
OPERATING SURPLUS and |
SURPLUS BEFORE TAXATION |
Tax on surplus |
SURPLUS FOR THE FINANCIAL YEAR |
HARVEST REAL ESTATE LIMITED (REGISTERED NUMBER: 07670968) |
Balance Sheet |
31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES |
RESERVES | - | - |
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 surplus or deficit 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 were approved by the Board of Directors and authorised for issue on |
HARVEST REAL ESTATE LIMITED (REGISTERED NUMBER: 07670968) |
Notes to the Financial Statements |
For The Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
Harvest Real Estate Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Service Charge Balances |
The company is trustee for the service charge of its freehold property and related expenditure is commissioned in its own (company) name. Accordingly, and whilst service charge income and expenditure have been excluded from the Profit and Loss Account, related assets and liabilities are recorded in the Balance Sheet with movement therein shown in notes to the financial statements. |
3. | OTHER OPERATING INCOME |
During the year the company received contributions from the lessees of 115 Ebury Street, London SW1 in respect of its administrative expenses, and the management of the property. The movement of those funds during the year was as follows; |
31.03.23 | 31.03.22 |
£ | £ | £ |
Contributions Receivable From Lessees: |
Service Charge Demands | 24,297 | 22,217 |
Excess Service Charge Charged | 1,451 | 0 |
25,748 | 22,217 |
Expenditure: |
Service Charge Expenditure | 21,186 | 18,186 |
Contribution To Administrative Expenses Of Harvest Real Estate Limited | 1,282 | 1,217 |
22,468 | 19,403 |
3,280 | 2,814 |
Funds Due From Lessees 31st March 2022 | (1,451 | ) | (4,265 | ) |
Funds Due To/(From) Lessees 31st March 2023 | 1,829 | (1,451 | ) |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
HARVEST REAL ESTATE LIMITED (REGISTERED NUMBER: 07670968) |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2022 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
The company owns the freehold of 115 Ebury Street, London SW1 subject to the provision of long leases. In the opinion of the directors at 31st March 2023 there was no material difference between the book and fair value of the property. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Lessee arrears |
Prepayments |
Funds held by managing agents | 5,279 | 8,533 |
Excess service charge due |
(Note 3) | - | 1,451 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade creditors |
Advance service charge demands |
Other creditors | 266 | 266 |
Service charge surplus |
(Note 3) | 1,829 | - |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Members' loans to fund |
freehold purchase |
9. | SHARE CAPITAL |
The company is limited by guarantee, and consequently has no share capital. |
The liability of each member is limited to the sum of £1 in the event that the company is wound up. |