Registered number
13068731
Harrowbrook Limited
Report and Unaudited Accounts
30 March 2023
Collins
Chartered Accountants
West Midlands
Harrowbrook Limited
Registered number: 13068731
Balance Sheet
as at 30 March 2023
Notes 2023 2022
£ £ £ £
Current assets
Stocks 3,773,785 3,766,229
Debtors 3 90,690 74,326
Cash at bank and in hand 35,753 3,632
3,900,228 3,844,187
Creditors: amounts falling due within one year 4 (1,695,116) (1,641,922)
Net current assets 2,205,112 2,202,265
Total assets less current liabilities 2,205,112 2,202,265
Creditors: amounts falling due after more than one year 5 (2,202,187) (2,202,187)
Net assets 2,925 78
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,924 77
Shareholder's funds 2,925 78
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Fickert
Director
Approved by the board on 14 March 2024
Harrowbrook Limited
Notes to the Accounts
for the period from 1 April 2022 to 30 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover comprises revenue earned from the rents received and property maintenance charges and is recognised by reference to sales completed.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are also recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are also recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Prepayments and accrued income 32,927 43,902
Corporation tax 679 30,424
Other debtors 57,084 -
90,690 74,326
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 6,360 6,360
Amounts owed to group undertakings 1,682,035 1,549,514
Corporation tax 721 18
Accruals and deferred income 6,000 -
Other creditors - 86,030
1,695,116 1,641,922
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 2,202,187 2,202,187
6 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 2,202,187 2,202,187
7 Controlling party
The company is under the control of Dr G Fickert.
8 Other information
Harrowbrook Limited is a private company limited by shares and incorporated in England. Its registered office is:
504 Bristol Road
Selly Oak
Birmingham
B29 6BD
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