IRIS Accounts Production v23.4.0.336 01482677 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh014826772022-11-30014826772023-11-30014826772022-12-012023-11-30014826772021-11-30014826772021-12-012022-11-30014826772022-11-3001482677ns15:EnglandWales2022-12-012023-11-3001482677ns14:PoundSterling2022-12-012023-11-3001482677ns10:Director12022-12-012023-11-3001482677ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3001482677ns10:SmallEntities2022-12-012023-11-3001482677ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3001482677ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3001482677ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3001482677ns10:FullAccounts2022-12-012023-11-3001482677ns10:OrdinaryShareClass12022-12-012023-11-3001482677ns10:Director22022-12-012023-11-3001482677ns10:RegisteredOffice2022-12-012023-11-3001482677ns5:CurrentFinancialInstruments2023-11-3001482677ns5:CurrentFinancialInstruments2022-11-3001482677ns5:ShareCapital2023-11-3001482677ns5:ShareCapital2022-11-3001482677ns5:RevaluationReserve2023-11-3001482677ns5:RevaluationReserve2022-11-3001482677ns5:RetainedEarningsAccumulatedLosses2023-11-3001482677ns5:RetainedEarningsAccumulatedLosses2022-11-3001482677ns5:LandBuildings2022-11-3001482677ns5:PlantMachinery2022-11-3001482677ns5:LandBuildings2022-12-012023-11-3001482677ns5:PlantMachinery2022-12-012023-11-3001482677ns5:LandBuildings2023-11-3001482677ns5:PlantMachinery2023-11-3001482677ns5:LandBuildings2022-11-3001482677ns5:PlantMachinery2022-11-3001482677ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3001482677ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3001482677ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-11-3001482677ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-11-3001482677ns5:DeferredTaxation2022-11-3001482677ns5:DeferredTaxation2022-12-012023-11-3001482677ns5:DeferredTaxation2023-11-3001482677ns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 01482677 (England and Wales)















Harlequin Swimming Pools Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Harlequin Swimming Pools Limited (Registered number: 01482677)

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


Harlequin Swimming Pools Limited

Company Information
for the year ended 30 November 2023







Directors: M G Kinge
C A Kinge





Registered office: 250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP





Registered number: 01482677 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

Harlequin Swimming Pools Limited (Registered number: 01482677)

Balance Sheet
30 November 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 278,618 840,589

Current assets
Stocks 32,842 27,368
Debtors 5 111,684 165,116
Cash at bank and in hand 1,221,982 1,007,599
1,366,508 1,200,083
Creditors
Amounts falling due within one year 6 232,596 213,768
Net current assets 1,133,912 986,315
Total assets less current liabilities 1,412,530 1,826,904

Provisions for liabilities 7 56,740 152,415
Net assets 1,355,790 1,674,489

Capital and reserves
Called up share capital 8 1,500 1,500
Revaluation reserve - 369,678
Retained earnings 1,354,290 1,303,311
Shareholders' funds 1,355,790 1,674,489

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 2 April 2024 and were signed on its behalf by:





M G Kinge - Director


Harlequin Swimming Pools Limited (Registered number: 01482677)

Notes to the Financial Statements
for the year ended 30 November 2023


1. Statutory information

Harlequin Swimming Pools 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

Accounting convention
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties held at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Storage outbuildings 15% reducing balance
Plant and machinery15% reducing balance
Fixtures, fittings and equipment 15% reducing balance
Motor vehicles25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell after making provision for slow moving and obsolete stock.

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

Harlequin Swimming Pools Limited (Registered number: 01482677)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3. Employees and directors

The average number of employees during the year was 17 (2022 - 16 ) .

Harlequin Swimming Pools Limited (Registered number: 01482677)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£ £ £
Cost or valuation
At 1 December 2022 687,532 495,302 1,182,834
Additions - 87,185 87,185
Disposals (580,000 ) (32,523 ) (612,523 )
At 30 November 2023 107,532 549,964 657,496
Depreciation
At 1 December 2022 47,487 294,758 342,245
Charge for year 9,007 51,308 60,315
Eliminated on disposal - (23,682 ) (23,682 )
At 30 November 2023 56,494 322,384 378,878
Net book value
At 30 November 2023 51,038 227,580 278,618
At 30 November 2022 640,045 200,544 840,589

Freehold land and buildings include the main freehold property with a carrying amount of £580,000 (2022 - £580,000). This property was revalued on 2 November 2021 to £580,000 by external property consultants Kempton Carr (Maidenhead) Ltd.This property was transferred in the year to the parent company, Harlequin SP Holdings Limited.

Cost or valuation at 30 November 2022 is represented by:


Freehold
property
£
Historical cost bfwd214,645
Valuation bfwd392,887
Valuation increase 202180,000
687,532

5. Debtors
2023 2022
£ £
Amounts falling due within one year:
Trade debtors 59,924 100,784
Amounts owed by group undertakings - 14,675
Other debtors 11,760 9,657
71,684 125,116

Amounts falling due after more than one year:
Other debtors 40,000 40,000

Aggregate amounts 111,684 165,116

Harlequin Swimming Pools Limited (Registered number: 01482677)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 57,528 64,802
Amounts owed to group undertakings 18,700 -
Taxation and social security 148,184 141,008
Other creditors 8,184 7,958
232,596 213,768

7. Provisions for liabilities
2023 2022
£ £
Deferred tax 56,740 152,415

Deferred tax
£
Balance at 1 December 2022 152,415
Credit to Income Statement during year (95,675 )
Balance at 30 November 2023 56,740

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,500 Ordinary £1 1,500 1,500

9. Parent company

The ultimate parent company is Harlequin SP Holdings Limited, whose registered office is 250 Fowler Avenue, Farnborough, Hampshire, GU14 7JP