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REGISTERED NUMBER: 09197119 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Harmsworth Homes Limited

Harmsworth Homes Limited (Registered number: 09197119)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Harmsworth Homes Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A M Brown
M Ritchie





REGISTERED OFFICE: Ridown Building Fulcrum 2
Solent Way
Whiteley
Fareham
Hampshire
PO15 7FN





REGISTERED NUMBER: 09197119 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Harmsworth Homes Limited (Registered number: 09197119)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,165,000 4,165,000

CURRENT ASSETS
Debtors 5 15,535 15,365
Cash at bank 103,357 76,974
118,892 92,339
CREDITORS
Amounts falling due within one year 6 862,293 863,328
NET CURRENT LIABILITIES (743,401 ) (770,989 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,421,599

3,394,011

CREDITORS
Amounts falling due after more than one
year

7

(2,730,824

)

(2,730,824

)

PROVISIONS FOR LIABILITIES (112,581 ) (112,581 )
NET ASSETS 578,194 550,606

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 479,949 479,949
Retained earnings 98,243 70,655
SHAREHOLDERS' FUNDS 578,194 550,606

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 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.

Harmsworth Homes Limited (Registered number: 09197119)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 April 2024 and were signed on its behalf by:





A M Brown - Director


Harmsworth Homes Limited (Registered number: 09197119)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Harmsworth Homes 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 (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period.These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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
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.

Harmsworth Homes Limited (Registered number: 09197119)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 4,165,000
NET BOOK VALUE
At 31 December 2023 4,165,000
At 31 December 2022 4,165,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 481,257
Valuation in 2022 111,273
Cost 3,572,470
4,165,000

If had not been revalued would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 3,572,470 3,572,470

Investment Property was valued on an open market basis on 20 March 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 15,535 13,340
Other debtors - 2,025
15,535 15,365

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 3,826 4,325
Taxation and social security 6,471 6,925
Other creditors 851,996 852,078
862,293 863,328

Harmsworth Homes Limited (Registered number: 09197119)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 2,730,824 2,730,824

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,730,824 2,730,824

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 2,730,824 2,730,824

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 479,949

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the date of this report the company owed the directors £851,996 (2022 - £851,372).

Harmsworth Homes Limited

Report of the Accountants to the Directors of
Harmsworth Homes Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................