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REGISTERED NUMBER: 03940261 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

Harry Motors II Limited

Harry Motors II Limited (Registered number: 03940261)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harry Motors II Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mr S Pindoria
Mr V Pindoria





REGISTERED OFFICE: Maple House
382 Kenton Road
Kenton
Harrow
Middlesex
HA3 9DP





REGISTERED NUMBER: 03940261 (England and Wales)





ACCOUNTANTS: KBMD Limited
Chartered Certified Accountants
Maple House
382 Kenton Road
Harrow
Middlesex
HA3 9DP

Harry Motors II Limited (Registered number: 03940261)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £
FIXED ASSETS
Tangible assets 4 15,968,576 15,469,119
Investments 5 16,000 16,000
15,984,576 15,485,119

CURRENT ASSETS
Debtors 6 1,724,738 1,972,473
Cash at bank 33,193 50,046
1,757,931 2,022,519
CREDITORS
Amounts falling due within one year 7 (4,652,860 ) (4,280,750 )
NET CURRENT LIABILITIES (2,894,929 ) (2,258,231 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,089,647

13,226,888

CREDITORS
Amounts falling due after more than one
year

8

(1,152,481

)

(1,177,992

)
NET ASSETS 11,937,166 12,048,896

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 3,060,523 3,060,523
Retained earnings 8,876,543 8,988,273
SHAREHOLDERS' FUNDS 11,937,166 12,048,896

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.

Harry Motors II Limited (Registered number: 03940261)

Balance Sheet - 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 27 August 2024 and were signed on its behalf by:




Mr S Pindoria - Director



Mr V Pindoria - Director


Harry Motors II Limited (Registered number: 03940261)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Harry Motors II 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Plant and machinery - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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 NIL (2022 - NIL).

Harry Motors II Limited (Registered number: 03940261)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£ £ £
COST OR VALUATION
At 1 January 2023 16,334,485 104,606 16,439,091
Additions 670,580 - 670,580
At 31 December 2023 17,005,065 104,606 17,109,671
DEPRECIATION
At 1 January 2023 869,654 100,318 969,972
Charge for year 170,051 1,072 171,123
At 31 December 2023 1,039,705 101,390 1,141,095
NET BOOK VALUE
At 31 December 2023 15,965,360 3,216 15,968,576
At 31 December 2022 15,464,831 4,288 15,469,119

Cost or valuation at 31 December 2023 is represented by:

Freehold Plant and
property machinery Totals
£ £ £
Valuation in 2023 17,005,065 104,606 17,109,671

Freehold properties were valued on an open market value basis on 31 December 2022 by the directors .

5. FIXED ASSET INVESTMENTS

31.12.23 31.12.22
£ £
Shares in group undertakings 1,000 1,000
Other investments not loans 15,000 15,000
16,000 16,000

Harry Motors II Limited (Registered number: 03940261)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group
undertakings
£
COST
At 1 January 2023
and 31 December 2023 1,000
NET BOOK VALUE
At 31 December 2023 1,000
At 31 December 2022 1,000

Investments (neither listed nor unlisted) were as follows:
31.12.23 31.12.22
£ £
Other investments 15,000 15,000

6. DEBTORS
31.12.23 31.12.22
£ £
Amounts falling due within one year:
Other debtors 59,738 57,473

Amounts falling due after more than one year:
Other debtors 1,665,000 1,915,000

Aggregate amounts 1,724,738 1,972,473

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Taxation and social security 25,613 28,401
Other creditors 4,627,247 4,252,349
4,652,860 4,280,750

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£ £
Bank loans 1,152,481 1,177,992

Harry Motors II Limited (Registered number: 03940261)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£ £
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans > 5 yrs 1,114,260 1,135,000

9. RESERVES
Revaluation
reserve
£
At 1 January 2023
and 31 December 2023 3,060,523

10. RELATED PARTY DISCLOSURES

The related party balances represent amounts owed to and from companies under common control.