Company No:
Contents
DIRECTORS | Mr R J Crook |
Mr A Drake |
SECRETARY | Mr P S Hammett |
REGISTERED OFFICE | Unit 5 Midas Court Minerva Way |
Brunel Road Industrial Estate | |
Newton Abbot | |
TQ12 4PJ | |
United Kingdom |
COMPANY NUMBER | 13111992 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Sigma House | |
Oak View Close | |
Edginswell Park | |
Torquay | |
TQ2 7FF |
2023 | 2022 | |||
£ | £ | |||
Current assets | ||||
Stocks |
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Debtors | 3 |
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Cash at bank and in hand |
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503,224 | 28,326 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current liabilities | (7,838) | (5,695) | ||
Total assets less current liabilities | (7,838) | (5,695) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital | 5 |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of Harmony Homes 2020 Limited (registered number:
Mr A Drake
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Harmony Homes 2020 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 5 Midas Court Minerva Way, Brunel Road Industrial Estate, Newton Abbot, TQ12 4PJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Amounts owed by Parent undertakings |
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VAT recoverable |
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Trade creditors |
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Amounts owed to Parent undertakings |
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Amounts owed to associates |
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Accruals |
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Allotted, called-up and fully-paid | |||
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Transactions with owners holding a participating interest in the entity
2023 | 2022 | ||
£ | £ | ||
Larkmead Homes Limited | 51 | (32,522) | |
Harmony Homes (Devon) Limited | 49 | 49 | |
Marymead Limited | 506,650 | 0 |
No interest is charged on the Larkmead Homes Limited loan & Harmony Homes (Devon) Limited loan and there are no fixed repayment terms. Interest is charged on the Marymead Limited loan at 2% over the bank base rate.