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REGISTERED NUMBER: 12879985 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

HARPS Property Limited

HARPS Property Limited (Registered number: 12879985)






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


HARPS Property Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr H Patel
Mr A Patel





REGISTERED OFFICE: 103 Laitwood Road
London
SW12 9QH





REGISTERED NUMBER: 12879985 (England and Wales)





ACCOUNTANTS: Pertax Accountancy Ltd
Quatro House
Frimley Road
Camberley
GU16 7ER

HARPS Property Limited (Registered number: 12879985)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 1,020,128 1,020,128

CURRENT ASSETS
Cash at bank 7,532 19,314

CREDITORS
Amounts falling due within one year 5 (44,448 ) (49,068 )
NET CURRENT LIABILITIES (36,916 ) (29,754 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

983,212

990,374

CREDITORS
Amounts falling due after more than one year 6 (836,157 ) (887,488 )
NET ASSETS 147,055 102,886

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 146,955 102,786
147,055 102,886

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.

HARPS Property Limited (Registered number: 12879985)

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 14 September 2024 and were signed on its behalf by:





Mr A Patel - Director


HARPS Property Limited (Registered number: 12879985)

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

1. STATUTORY INFORMATION

HARPS Property 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
Revenue (described as Turnover) is measured at the fair value of consideration received or receivable. Revenue from properties rental income and related service charge income is recognised as it becomes receivable under the agreements. Revenue is stated net of value added tax, rebates and similar allowances

Investment property
Investment property is initially recognised at cost and subsequently remeasured to fair value at each reporting date. Any aggregate surplus or deficit arising from changes in fair value are charged or credited to profit or loss.

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).

HARPS Property Limited (Registered number: 12879985)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,020,128
NET BOOK VALUE
At 31 December 2023 1,020,128
At 31 December 2022 1,020,128

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 32,737 34,143
Taxation and social security 10,710 14,025
Other creditors 1,001 900
44,448 49,068

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 376,670 408,001
Other creditors 459,487 479,487
836,157 887,488

Other creditors falling due after more than one year represent balance payable to the directors.