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REGISTERED NUMBER: SC062536 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

HAROLD HOOD LIMITED

HAROLD HOOD LIMITED (REGISTERED NUMBER: SC062536)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

HAROLD HOOD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mr Harold Alexander Hood
Mrs Barbara Cecilia Hood
Mr Charles Hood
Mrs Susan Matthews





SECRETARY: Mrs Barbara Cecilia Hood





REGISTERED OFFICE: c/o D M McNaught & Co Ltd
166 Buchanan Street
Glasgow
G1 2LW





REGISTERED NUMBER: SC062536 (Scotland)





ACCOUNTANTS: D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW

HAROLD HOOD LIMITED (REGISTERED NUMBER: SC062536)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,477,356 1,457,356
1,477,356 1,457,356

CURRENT ASSETS
Debtors 6 215,971 19,113
Cash at bank 425,810 570,702
641,781 589,815
CREDITORS
Amounts falling due within one year 7 263,505 263,299
NET CURRENT ASSETS 378,276 326,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,855,632

1,783,872

PROVISIONS FOR LIABILITIES 29,131 29,131
NET ASSETS 1,826,501 1,754,741

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,816,501 1,744,741
SHAREHOLDERS' FUNDS 1,826,501 1,754,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

HAROLD HOOD LIMITED (REGISTERED NUMBER: SC062536)

BALANCE SHEET - continued
31 AUGUST 2023


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 27 March 2024 and were signed on its behalf by:





Mrs Susan Matthews - Director


HAROLD HOOD LIMITED (REGISTERED NUMBER: SC062536)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Harold Hood Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises the value of rents received, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

HAROLD HOOD LIMITED (REGISTERED NUMBER: SC062536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 10,000
DEPRECIATION
At 1 September 2022
and 31 August 2023 10,000
NET BOOK VALUE
At 31 August 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 1,457,356
Additions 20,000
At 31 August 2023 1,477,356
NET BOOK VALUE
At 31 August 2023 1,477,356
At 31 August 2022 1,457,356

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2022 153,321
Cost 1,324,035
1,477,356

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,324,035 1,304,035

Investment properties were valued on an open market basis on 31 August 2023 by the directors .

HAROLD HOOD LIMITED (REGISTERED NUMBER: SC062536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,992 17,134
Other debtors 201,979 1,979
215,971 19,113

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 22,235 20,358
Other creditors 241,270 242,941
263,505 263,299

8. RELATED PARTY DISCLOSURES

Included in administrative expenses is an amount of £15,300 (2022 - £10,930) charged by SBM Commercial Ltd in respect of property surveying services in the year.

Mrs Susan Matthews is a director and shareholder in SBM Commercial Ltd.

Included in debtors is an amount of £200,000 (2022 - £NIL) owed by Portloch Limited. This is in respect of a loan provided. There are no fixed terms for repayment and no interest is charged.

Mr Charles Hood is a director and shareholder of Portloch Limited.

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HAROLD HOOD LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harold Hood Limited for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Harold Hood Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harold Hood Limited and state those matters that we have agreed to state to the Board of Directors of Harold Hood Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Harold Hood Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harold Hood Limited. You consider that Harold Hood Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Harold Hood Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW


27 March 2024