IRIS Accounts Production v24.1.0.578 09708201 Board of Directors Board of Directors 1.8.22 31.7.23 31.7.23 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097082012022-07-31097082012023-07-31097082012022-08-012023-07-31097082012021-07-31097082012021-08-012022-07-31097082012022-07-3109708201ns15:EnglandWales2022-08-012023-07-3109708201ns14:PoundSterling2022-08-012023-07-3109708201ns10:Director12022-08-012023-07-3109708201ns10:Director22022-08-012023-07-3109708201ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3109708201ns10:SmallEntities2022-08-012023-07-3109708201ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3109708201ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3109708201ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3109708201ns10:FullAccounts2022-08-012023-07-3109708201ns10:RegisteredOffice2022-08-012023-07-3109708201ns5:CurrentFinancialInstruments2023-07-3109708201ns5:CurrentFinancialInstruments2022-07-3109708201ns5:Non-currentFinancialInstruments2023-07-3109708201ns5:Non-currentFinancialInstruments2022-07-3109708201ns5:ShareCapital2023-07-3109708201ns5:ShareCapital2022-07-3109708201ns5:RetainedEarningsAccumulatedLosses2023-07-3109708201ns5:RetainedEarningsAccumulatedLosses2022-07-3109708201ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3109708201ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3109708201ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3109708201ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-07-31097082011ns10:Director12022-07-31097082011ns10:Director12021-07-31097082011ns10:Director12022-08-012023-07-31097082011ns10:Director12021-08-012022-07-31097082011ns10:Director12023-07-31097082011ns10:Director12022-07-3109708201ns10:Director222022-07-3109708201ns10:Director222021-07-3109708201ns10:Director222022-08-012023-07-3109708201ns10:Director222021-08-012022-07-3109708201ns10:Director222023-07-3109708201ns10:Director222022-07-31
REGISTERED NUMBER: 09708201 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

HARKER PROPERTIES LIMITED

HARKER PROPERTIES LIMITED (REGISTERED NUMBER: 09708201)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARKER PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: K Harker
Miss S Harker





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





BUSINESS ADDRESS: 36 Cottersloe Road
Norton
Stockton-on-Tees
Cleveland
TS20 1JA





REGISTERED NUMBER: 09708201 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

HARKER PROPERTIES LIMITED (REGISTERED NUMBER: 09708201)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 85,955 44,481
Cash at bank 188,675 312,578
274,630 357,059
CREDITORS
Amounts falling due within one year 5 3,765 39,334
NET CURRENT ASSETS 270,865 317,725
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,865

317,725

CREDITORS
Amounts falling due after more than one
year

6

7,184

9,845
NET ASSETS 263,681 307,880

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 263,581 307,780
SHAREHOLDERS' FUNDS 263,681 307,880

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.

HARKER PROPERTIES LIMITED (REGISTERED NUMBER: 09708201)

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:




K Harker - Director



Miss S Harker - Director


HARKER PROPERTIES LIMITED (REGISTERED NUMBER: 09708201)

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

1. STATUTORY INFORMATION

Harker 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 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.

Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
The Company has historically operated an investment property from which rental income was generated. In the previous financial year, the Company sold the property and the Directors are in the process of determining the future strategic direction of the Company.

The Directors have considered all risks and future known cash flows concerning the Company and its activities for at least 12 months from the date of this report. The Company is in a net current asset and net asset position and the Directors consider that the Company will be able to meet its liabilities as they fall due, irrespective of the absence of any future rental income. Accordingly, the Directors have prepared the accounts on a going concern basis.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

HARKER PROPERTIES LIMITED (REGISTERED NUMBER: 09708201)

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

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' loan accounts 83,080 44,481
VAT 2,875 -
85,955 44,481

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,659 2,594
Corporation Tax (393 ) 31,200
VAT - 3,500
Accrued expenses 1,499 2,040
3,765 39,334

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 7,184 9,845

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
K Harker
Balance outstanding at start of year 42,981 (91,496 )
Amounts advanced 82,392 134,789
Amounts repaid (43,293 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,080 42,981

Miss S Harker
Balance outstanding at start of year 1,500 -
Amounts advanced 3,000 3,000
Amounts repaid (3,500 ) (1,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,000 1,500

Interest is being charged on the loan to directors at the HMRC approved rate and there are no set repayment terms.