Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Current assets | |||||||
Stocks | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current assets | |||||||
Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
Mr C F Harrington | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Tangible fixed assets | ||||||||
Land & buildings | 1% straight line | |||||||
Motor vehicles | 20% straight line | |||||||
Fixtures, fittings, tools and equipment | 20% reducing balance | |||||||
Investment property | ||||||||
Stocks | ||||||||
The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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Debtors | ||||||||
Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors | ||||||||
Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation | ||||||||
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions | ||||||||
2 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Land and buildings | Plant and machinery etc | Motor vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 April 2022 | ||||||||
At 31 March 2023 | ||||||||
Depreciation | ||||||||
At 1 April 2022 | ||||||||
Charge for the year | ||||||||
At 31 March 2023 | ||||||||
Net book value | ||||||||
At 31 March 2023 | ||||||||
At 31 March 2022 | ||||||||
4 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Other debtors | ||||||||
Amounts due after more than one year included above | ||||||||
5 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Trade creditors | - | |||||||
Corporation tax | ( |
( |
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Other taxes and social security costs | ||||||||
Director's account | Note 6 | 110,909 | 1,158,909 | |||||
Other creditors | ||||||||
6 | Loans from directors | |||||||
Description and conditions | B/fwd | Paid | Repaid | C/fwd | ||||
£ | £ | £ | £ | |||||
( |
( |
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( |
- | ( |
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(1,158,909) | - | 1,048,000 | (110,909) | |||||
7 | Related party transactions | |||||||
Mr A F Harrington (son of Mr C F Harrington) is also a Director in this company and a Director of Harringtons Builders Plc in which he has a 35% interest in the ordinary voting share capital. Included in other operating income is £60,000 (net of value added tax) received from Harringtons Builders Plc for rental due in respect of a property (2022 - £60,000). During the year,£nil (2022; £Nil) was invoiced by Harringtons Builders Plc in respect of construction work carried out on behalf of Harrington (Properties) Ltd, and as at 31 March 2023 the amount was outstanding was £Nil (2022: £Nil) to Harringtons Builders Plc. |
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8 | Controlling party | |||||||
9 | Other information | |||||||
Harrington (Properties) Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Harrington House | ||||||||
Fourth Way | ||||||||
Wembley | ||||||||
Middlesex | ||||||||
HA9 0UQ |