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REGISTERED NUMBER: 08148599 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

FOR

HART & CO CONSTRUCTION LIMITED

HART & CO CONSTRUCTION LIMITED (REGISTERED NUMBER: 08148599)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


HART & CO CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2022







DIRECTOR: Mr J Mansour





REGISTERED OFFICE: 177 Shaftesbury Avenue
London
WC2H 8JR





REGISTERED NUMBER: 08148599 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

HART & CO CONSTRUCTION LIMITED (REGISTERED NUMBER: 08148599)

STATEMENT OF FINANCIAL POSITION
31 MAY 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Cash at bank 637 62

CREDITORS
Amounts falling due within one year 5 410,747 403,388
NET CURRENT LIABILITIES (410,110 ) (403,326 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(410,110

)

(403,326

)

CREDITORS
Amounts falling due after more than one
year

6

40,551

45,377
NET LIABILITIES (450,661 ) (448,703 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (450,665 ) (448,707 )
SHAREHOLDERS' FUNDS (450,661 ) (448,703 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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.

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 18 January 2024 and were signed by:





Mr J Mansour - Director


HART & CO CONSTRUCTION LIMITED (REGISTERED NUMBER: 08148599)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

1. STATUTORY INFORMATION

Hart & Co Construction 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.

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.

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 - 25% on cost

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurances from the director that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.

Government assisted loans
Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2021
and 31 May 2022 6,511
DEPRECIATION
At 1 June 2021
and 31 May 2022 6,511
NET BOOK VALUE
At 31 May 2022 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,157 4,623
Trade creditors - 750
Amounts owed to group undertakings 405,590 398,015
410,747 403,388

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 40,551 45,377

HART & CO CONSTRUCTION LIMITED (REGISTERED NUMBER: 08148599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,587 23,920

7. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Mayfield Property Group Limited. The ultimate controlling party is Mr J Mansour, by virtue of his 100% shareholding in Mayfield Property Group Limited.

8. RELATED PARTY DISCLOSURES

At the year end, the company owed £405,590 (2021: £398,015) to related companies in which J Mansour is a director.