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REGISTERED NUMBER: 10259780 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

HAROLD FREDERICKS PROPERTIES LIMITED

HAROLD FREDERICKS PROPERTIES LIMITED (REGISTERED NUMBER: 10259780)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HAROLD FREDERICKS PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mrs K Rodgers
Mr C Rodgers





REGISTERED OFFICE: 59 Pilgrims Way
Standish
Wigan
Lancashire
WN6 0AT





REGISTERED NUMBER: 10259780 (England and Wales)





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

HAROLD FREDERICKS PROPERTIES LIMITED (REGISTERED NUMBER: 10259780)

ABRIDGED BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,674 20,595
Investment property 5 - 270,632
20,674 291,227

CURRENT ASSETS
Stocks 270,632 -
Debtors 105 105
Cash at bank 6,152 11,264
276,889 11,369
CREDITORS
Amounts falling due within one year 118,792 107,434
NET CURRENT ASSETS/(LIABILITIES) 158,097 (96,065 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,771

195,162

CREDITORS
Amounts falling due after more than one year 176,725 176,725
NET ASSETS 2,046 18,437

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 27,118 27,118
Retained earnings (25,172 ) (8,781 )
SHAREHOLDERS' FUNDS 2,046 18,437

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 FREDERICKS PROPERTIES LIMITED (REGISTERED NUMBER: 10259780)

ABRIDGED BALANCE SHEET - continued
31 JULY 2023


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 July 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 Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:





Mr C Rodgers - Director


HAROLD FREDERICKS PROPERTIES LIMITED (REGISTERED NUMBER: 10259780)

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


1. STATUTORY INFORMATION

Harold Fredericks Properties 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable.

Turnover from the development and sale of land and property is recognised when the significant risks and rewards of ownership have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Turnover from the rental of property is recognised on a straight line basis over the period of hire.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Computer equipment - Straight line over 3 years

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 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 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, where the fair value can be measured reliably without undue cost or effort with any changes in fair value recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

HAROLD FREDERICKS PROPERTIES LIMITED (REGISTERED NUMBER: 10259780)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 21,081
Additions 564
At 31 July 2023 21,645
DEPRECIATION
At 1 August 2022 486
Charge for year 485
At 31 July 2023 971
NET BOOK VALUE
At 31 July 2023 20,674
At 31 July 2022 20,595

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 270,632
Disposals (270,632 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 270,632

The director's have estimated the value of the investment properties at 31 July 2023 to be £270,632.

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 176,725 176,725

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100