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REGISTERED NUMBER: 01728019 (England and Wales)















Harpshield Limited

Unaudited Financial Statements for the Year Ended 31 August 2023






Harpshield Limited (Registered number: 01728019)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Harpshield Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: S P Page
A E Page
L T Page



REGISTERED OFFICE: Green Court
The Street
Bredhurst
Gillingham
Kent
ME7 3JY



REGISTERED NUMBER: 01728019 (England and Wales)



ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG



BANKERS: Lloyds Bank plc
142-146 High Street
Chatham
Kent
ME4 4DQ

Harpshield Limited (Registered number: 01728019)

Statement of Financial Position
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 960,000 960,000
960,000 960,000

CURRENT ASSETS
Debtors 6 2,862 4,006
Cash at bank 72,294 46,064
75,156 50,070
CREDITORS
Amounts falling due within one year 7 32,421 36,554
NET CURRENT ASSETS 42,735 13,516
TOTAL ASSETS LESS CURRENT LIABILITIES 1,002,735 973,516

CREDITORS
Amounts falling due after more than one
year

8

(13,756

)

(13,756

)

PROVISIONS FOR LIABILITIES (86,059 ) (63,311 )
NET ASSETS 902,920 896,449

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 417,704 440,452
Retained earnings 485,116 455,897
SHAREHOLDERS' FUNDS 902,920 896,449

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.

Harpshield Limited (Registered number: 01728019)

Statement of Financial Position - 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 5 March 2024 and were signed on its behalf by:





S P Page - Director


Harpshield Limited (Registered number: 01728019)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Harpshield 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover represents rents receivable.

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

Government grants
Grants in respect of investment properties are shown as creditors due after more than one year. Credit is not taken through the profit and loss account until the property is sold.

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.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 by the year end.

3. EMPLOYEES AND DIRECTORS

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

Harpshield Limited (Registered number: 01728019)

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 8,598
DEPRECIATION
At 1 September 2022
and 31 August 2023 8,598
NET BOOK VALUE
At 31 August 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 960,000
NET BOOK VALUE
At 31 August 2023 960,000
At 31 August 2022 960,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2023 960,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,585 3,684
Other debtors 277 322
2,862 4,006

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1,900
Taxation and social security 6,854 8,428
Other creditors 25,567 26,226
32,421 36,554

Harpshield Limited (Registered number: 01728019)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 13,756 13,756