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REGISTERED NUMBER: 03254876 (England and Wales)



Financial Statements for the Year Ended 30 November 2023

for

Harlequin Direct Limited

Harlequin Direct Limited (Registered number: 03254876)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Harlequin Direct Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: G M Brandt
S Brandt





SECRETARY: S Brandt





REGISTERED OFFICE: 1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ





REGISTERED NUMBER: 03254876 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Harlequin Direct Limited (Registered number: 03254876)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,985,158 7,532,316
Investments 5 144,366 218,716
8,129,524 7,751,032

CURRENT ASSETS
Debtors 6 2,156,802 2,751,752
Cash at bank 3,274,383 2,782,685
5,431,185 5,534,437
CREDITORS
Amounts falling due within one year 7 (83,090 ) (240,592 )
NET CURRENT ASSETS 5,348,095 5,293,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,477,619

13,044,877

CAPITAL AND RESERVES
Called up share capital 30,200 30,200
Retained earnings 8 13,447,419 13,014,677
SHAREHOLDERS' FUNDS 13,477,619 13,044,877

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 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.

Harlequin Direct Limited (Registered number: 03254876)

Balance Sheet - 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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





G M Brandt - Director


Harlequin Direct Limited (Registered number: 03254876)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Harlequin Direct 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at Fair Value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Harlequin Direct Limited (Registered number: 03254876)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 7,424,604 378,037 7,802,641
Additions 498,348 5,529 503,877
At 30 November 2023 7,922,952 383,566 8,306,518
DEPRECIATION
At 1 December 2022 90,900 179,425 270,325
Charge for year - 51,035 51,035
At 30 November 2023 90,900 230,460 321,360
NET BOOK VALUE
At 30 November 2023 7,832,052 153,106 7,985,158
At 30 November 2022 7,333,704 198,612 7,532,316

5. FIXED ASSET INVESTMENTS

30.11.23 30.11.22
£    £   
Shares in group undertakings 9,160 9,160
Other investments not loans 135,206 209,556
144,366 218,716

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 9,160
NET BOOK VALUE
At 30 November 2023 9,160
At 30 November 2022 9,160

Investments (neither listed nor unlisted) were as follows:
30.11.23 30.11.22
£    £   

Harlequin Direct Limited (Registered number: 03254876)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. FIXED ASSET INVESTMENTS - continued
Cost/valuation b/fwd 209,556 98,575
Additions - 215,706
Disposals (74,350 ) (104,725 )
135,206 209,556

6. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Trade debtors 30,001 172,481
Amounts owed by group undertakings 1,482,004 1,364,753
Other debtors 644,797 1,184,907
2,156,802 2,722,141

Amounts falling due after more than one year:
Other debtors - 29,611

Aggregate amounts 2,156,802 2,751,752

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 19,738 7,129
Amounts owed to group undertakings - 72,614
Taxation and social security 49,161 90,444
Other creditors 14,191 70,405
83,090 240,592

8. RESERVES
Retained
earnings
£   

At 1 December 2022 13,014,677
Profit for the year 432,742
At 30 November 2023 13,447,419

Harlequin Direct Limited (Registered number: 03254876)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
G M Brandt
Balance outstanding at start of year 479,769 -
Amounts advanced - 479,769
Amounts repaid (479,769 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 479,769

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G M Brandt.

The ultimate controlling party is the director Mr G Brandt who owns 66.89% of the issued share capital.