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REGISTERED NUMBER: 08775221 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

HARTLAND POINT LIMITED

HARTLAND POINT LIMITED (REGISTERED NUMBER: 08775221)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HARTLAND POINT LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTOR: R G Goaman





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 08775221 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

HARTLAND POINT LIMITED (REGISTERED NUMBER: 08775221)

STATEMENT OF FINANCIAL POSITION
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 45,001 -

CURRENT ASSETS
Stocks - 4,104,891
Debtors 5 25,421 -
Cash at bank 6,648 6,573
32,069 4,111,464
CREDITORS
Amounts falling due within one year 6 4,701 3,286,026
NET CURRENT ASSETS 27,368 825,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,369

825,438

PROVISIONS FOR LIABILITIES 8,550 -
NET ASSETS 63,819 825,438

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 36,451 -
Retained earnings 7 27,268 825,338
SHAREHOLDERS' FUNDS 63,819 825,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

HARTLAND POINT LIMITED (REGISTERED NUMBER: 08775221)

STATEMENT OF FINANCIAL POSITION - continued
30 November 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 director and authorised for issue on 24 July 2024 and were signed by:





R G Goaman - Director


HARTLAND POINT LIMITED (REGISTERED NUMBER: 08775221)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Hartland Point 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 as modified by the revaluation of certain assets.

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

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.

Stocks
Development property stock is valued at the lower of cost and net realisable value.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HARTLAND POINT LIMITED (REGISTERED NUMBER: 08775221)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Impairment of assets
A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversals at each reporting date.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 45,001
At 30 November 2023 45,001
NET BOOK VALUE
At 30 November 2023 45,001

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 45,001

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 25,421 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 210 343
Amounts owed to group undertakings 270 -
Taxation and social security 922 5,908
Other creditors 3,299 3,279,775
4,701 3,286,026

Within other creditors are accruals of £3,300 (2022: £3,300).

HARTLAND POINT LIMITED (REGISTERED NUMBER: 08775221)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2022 825,338 - 825,338
Profit for the year 40,381 40,381
Dividends (802,000 ) (802,000 )
Fair value adj (36,451 ) 36,451 -
At 30 November 2023 27,268 36,451 63,719

8. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking, who held 100% of the share capital of the company during this period is RG & SG Ltd, a company registered in England and Wales, registration number 14964552 and registered office address is at Langley House, Park Road, London N2 8EY, England.