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COMPANY REGISTRATION NUMBER: 09031037
Harran Pendoylan Limited
Filleted Unaudited Financial Statements
For the year ended
31 August 2023
Harran Pendoylan Limited
Financial Statements
Year ended 31 August 2023
Contents
Page
Report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
Harran Pendoylan Limited
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Harran Pendoylan Limited
Year ended 31 August 2023
Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Harran Pendoylan Limited As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.
CLAY SHAW THOMAS LTD
2 Oldfield Road Bocam Park Bridgend CF35 5LJ
29 August 2024
Harran Pendoylan Limited
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
£
Fixed assets
Investments
4
1,928,262
Current assets
Debtors
5
456,396
1,941
Cash at bank and in hand
116,329
3,056,944
---------
------------
572,725
3,058,885
Creditors: amounts falling due within one year
6
6,428
505,291
---------
------------
Net current assets
566,297
2,553,594
------------
------------
Total assets less current liabilities
2,494,559
2,553,594
Provisions
Taxation including deferred tax
10,587
------------
------------
Net assets
2,483,972
2,553,594
------------
------------
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
8
2,483,872
2,553,494
------------
------------
Shareholders funds
2,483,972
2,553,594
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Harran Pendoylan Limited
Statement of Financial Position (continued)
31 August 2023
These financial statements were approved by the board of directors and authorised for issue on 29 August 2024 , and are signed on behalf of the board by:
Mr J J Alford
Director
Company registration number: 09031037
Harran Pendoylan Limited
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Oldfield Road, Bocam Park, Bridgend, CF35 5LJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investments measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Investments
Listed investments
£
Cost
At 1 September 2022
Additions
1,954,113
Disposals
( 69,518)
Revaluations
43,667
------------
At 31 August 2023
1,928,262
------------
Impairment
At 1 September 2022 and 31 August 2023
------------
Carrying amount
At 31 August 2023
1,928,262
------------
At 31 August 2022
------------
5. Debtors
2023
2022
£
£
Trade debtors
761
Other debtors
456,396
1,180
---------
-------
456,396
1,941
---------
-------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,560
54,417
Social security and other taxes
362,092
Other creditors
1,868
88,782
-------
---------
6,428
505,291
-------
---------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
After the reporting period the company re-designated 10 of its Ordinary £1 shares to 10 Ordinary A shares with a nominal value of £1 each.
8. Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
9. Directors' advances, credits and guarantees
Included within debtors are directors advances of £452,933. The loans are interest free and have no fixed terms of repayment.
10. Controlling party
The company is controlled by Mr J J Alford who owns 100% of the called up share capital.