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REGISTERED NUMBER: 09347332 (England and Wales)















Harmer Investments18 Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






Harmer Investments18 Limited (Registered number: 09347332)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Harmer Investments18 Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: H Burrha
I S Bains
A S Burrha
H Bains





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: 11 Sycamore Close
Gravesend
Kent
DA12 2TJ





REGISTERED NUMBER: 09347332 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Harmer Investments18 Limited (Registered number: 09347332)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 600,000 910,000

CURRENT ASSETS
Debtors 5 451 451
Cash at bank 8,104 7,959
8,555 8,410
CREDITORS
Amounts falling due within one year 6 126,973 122,915
NET CURRENT LIABILITIES (118,418 ) (114,505 )
TOTAL ASSETS LESS CURRENT LIABILITIES 481,582 795,495

CREDITORS
Amounts falling due after more than one
year

7

(159,902

)

(171,472

)

PROVISIONS FOR LIABILITIES (60,824 ) (104,176 )
NET ASSETS 260,856 519,847

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Fair value reserve 208,283 474,931
Retained earnings 48,573 40,916
SHAREHOLDERS' FUNDS 260,856 519,847

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.

Harmer Investments18 Limited (Registered number: 09347332)

Statement of Financial Position - 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 29 August 2024 and were signed on its behalf by:




I S Bains - Director



H Burrha - Director


Harmer Investments18 Limited (Registered number: 09347332)

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

1. STATUTORY INFORMATION

Harmer Investments18 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 (£).


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.

Income recognition
Income represents rents receivable, and is recognised as rent becomes due.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

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.

3. EMPLOYEES AND DIRECTORS

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

Harmer Investments18 Limited (Registered number: 09347332)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 910,000
Revaluations (310,000 )
At 31 December 2023 600,000
NET BOOK VALUE
At 31 December 2023 600,000
At 31 December 2022 910,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 600,000

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

2023 2022
£    £   
Cost 330,893 330,893

Investment property was valued on a fair value basis on 31 December 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 451 451

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,942 7,448
Taxation and social security 1,796 1,128
Other creditors 115,235 114,339
126,973 122,915

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 159,902 171,472

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 120,460 142,484

Harmer Investments18 Limited (Registered number: 09347332)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 169,844 178,920

The company's bankers hold fixed and floating charges over all the assets of the company.