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REGISTERED NUMBER: 01323160 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HARTS OF WARRINGTON (DRAPERS) LIMITED

HARTS OF WARRINGTON (DRAPERS) LIMITED (REGISTERED NUMBER: 01323160)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


HARTS OF WARRINGTON (DRAPERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr J M Forsyth





REGISTERED OFFICE: 5 Abbotsford Gardens
Grappenhall Heys
Warrington
Cheshire
WA4 3DZ





REGISTERED NUMBER: 01323160 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

HARTS OF WARRINGTON (DRAPERS) LIMITED (REGISTERED NUMBER: 01323160)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 455,902 455,000

CURRENT ASSETS
Debtors 496 415
Cash at bank 74,794 78,554
75,290 78,969
CREDITORS
Amounts falling due within one year (52,964 ) (59,366 )
NET CURRENT ASSETS 22,326 19,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,228

474,603

PROVISIONS FOR LIABILITIES (33,897 ) (33,897 )
NET ASSETS 444,331 440,706

CAPITAL AND RESERVES
Called up share capital 500 500
Investment property revaluation reserve 5 121,035 121,035
Retained earnings 322,796 319,171
SHAREHOLDERS' FUNDS 444,331 440,706

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:





Mr J M Forsyth - Director


HARTS OF WARRINGTON (DRAPERS) LIMITED (REGISTERED NUMBER: 01323160)

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


1. STATUTORY INFORMATION

Harts of Warrington (Drapers) 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Investment properties
Investment properties are initially recognised at cost. Cost includes the purchase price and any legal and professional fees in connection with the acquisition of the property.

At each reporting date, the properties are valued at fair value through profit or loss. Any surpluses on revaluation are then transferred to the investment property revaluation reserve together with the deferred tax payable thereon.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

HARTS OF WARRINGTON (DRAPERS) LIMITED (REGISTERED NUMBER: 01323160)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 January 2023 455,000
Additions 1,249
At 31 December 2023 456,249
DEPRECIATION
Charge for year 347
At 31 December 2023 347
NET BOOK VALUE
At 31 December 2023 455,902
At 31 December 2022 455,000

The director has estimated the value of the investment properties at 31 December 2023 to be £455,000.

Cost or valuation at 31 December 2023 is represented by:

Totals
£   
Valuation in 2016 7,407
Valuation in 2022 147,525
Cost 301,317
456,249

5. OTHER RESERVES
Investment
property
revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 121,035