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REGISTERED NUMBER: 00694339 (England and Wales)












Financial Statements

for the Year Ended 29 February 2024

for

Harbour Bar Limited

Harbour Bar Limited (Registered number: 00694339)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Harbour Bar Limited

Company Information
for the Year Ended 29 February 2024







Director: G A Alonzi



Secretary: Mrs T Alonzi



Registered office: 1/2 Sandside
Scarborough
North Yorkshire
YO11 1PE



Registered number: 00694339 (England and Wales)



Senior statutory auditor: Timothy Jones FCA



Auditors: Ashby Berry Coulsons Limited
Statutory Auditor
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

Harbour Bar Limited (Registered number: 00694339)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 512,562 528,548

Current assets
Stocks 65,459 67,598
Debtors 5 105,932 24,416
Cash at bank and in hand 1,666,425 1,650,070
1,837,816 1,742,084
Creditors
Amounts falling due within one year 6 135,483 174,043
Net current assets 1,702,333 1,568,041
Total assets less current liabilities 2,214,895 2,096,589

Provisions for liabilities 11,014 10,653
Net assets 2,203,881 2,085,936

Capital and reserves
Called up share capital 7 100 100
Retained earnings 8 2,203,781 2,085,836
Shareholders' funds 2,203,881 2,085,936

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 4 September 2024 and were signed by:





G A Alonzi - Director


Harbour Bar Limited (Registered number: 00694339)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. Statutory information

Harbour Bar 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.
Land and buildings - 12.5% on cost, 5% on cost and 2% on cost
Plant and machinery etc - 20% on cost, 15% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Harbour Bar Limited (Registered number: 00694339)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grants
Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received, using the performance model.

Going concern
The financial statements have been prepared on a going concern basis because the director believes that no material uncertainties exist. The director has reviewed company's finances and he expects that the income which will be received going forward, together with the company's existing reserves, will be sufficient to enable it to continue as a going concern for a period of at least 12 months from the date of signing of these financial statements.

3. Employees and directors

The average number of employees during the year was 28 (2023 - 25 ) .

4. Tangible fixed assets
Fixtures
Freehold Long and Motor
property leasehold fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 March 2023 432,482 189,361 461,711 3,150 1,086,704
Additions - - 7,610 - 7,610
Disposals - - (1,935 ) - (1,935 )
At 29 February 2024 432,482 189,361 467,386 3,150 1,092,379
Depreciation
At 1 March 2023 59,966 89,678 405,362 3,150 558,156
Charge for year 4,299 1,100 17,541 - 22,940
Eliminated on disposal - - (1,279 ) - (1,279 )
At 29 February 2024 64,265 90,778 421,624 3,150 579,817
Net book value
At 29 February 2024 368,217 98,583 45,762 - 512,562
At 28 February 2023 372,516 99,683 56,349 - 528,548

Harbour Bar Limited (Registered number: 00694339)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors - 54
Other debtors 105,932 24,362
105,932 24,416

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 31,938 10,668
Taxation and social security 68,073 62,043
Other creditors 35,472 101,332
135,483 174,043

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

8. Reserves
Retained
earnings
£   

At 1 March 2023 2,085,836
Profit for the year 139,195
Dividends (21,250 )
At 29 February 2024 2,203,781

9. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Timothy Jones FCA (Senior Statutory Auditor)
for and on behalf of Ashby Berry Coulsons Limited

Harbour Bar Limited (Registered number: 00694339)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
G A Alonzi
Balance outstanding at start of year - -
Amounts advanced 100,000 -
Amounts repaid (40,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,000 -

Interest has been paid by the director at the HMRC official average interest rate.

11. Related party disclosures

The company pays rent to the director and other family members for the premises from which the company trades. Rent of £64,000 (2023 £64,000) was paid during the year.
Dividends were paid to the director and close family members of £21,250 (2023 £46,250).