Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseConstruction of domestic buildings00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12430877 2023-01-01 2023-12-31 12430877 2023-12-31 12430877 2022-01-01 2022-12-31 12430877 2022-12-31 12430877 c:Director1 2023-01-01 2023-12-31 12430877 c:Director2 2023-01-01 2023-12-31 12430877 d:CurrentFinancialInstruments 2023-12-31 12430877 d:CurrentFinancialInstruments 2022-12-31 12430877 d:Non-currentFinancialInstruments 2023-12-31 12430877 d:Non-currentFinancialInstruments 2022-12-31 12430877 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12430877 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12430877 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12430877 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12430877 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 12430877 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 12430877 d:ShareCapital 2023-12-31 12430877 d:ShareCapital 2022-12-31 12430877 d:RetainedEarningsAccumulatedLosses 2023-12-31 12430877 d:RetainedEarningsAccumulatedLosses 2022-12-31 12430877 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 12430877 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 12430877 c:FRS102 2023-01-01 2023-12-31 12430877 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12430877 c:FullAccounts 2023-01-01 2023-12-31 12430877 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12430877 2 2023-01-01 2023-12-31 12430877 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 12430877


HARPERCREWE (THE STEADINGS) LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
HARPERCREWE (THE STEADINGS) LTD
REGISTERED NUMBER: 12430877

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
8,687,409
10,285,542

Debtors: amounts falling due within one year
 5 
99,116
1,666,084

Cash at bank and in hand
 6 
960,267
76,144

  
9,746,792
12,027,770

Creditors: amounts falling due within one year
 7 
(8,878,481)
(4,283,634)

Net current assets
  
 
 
868,311
 
 
7,744,136

Total assets less current liabilities
  
868,311
7,744,136

Creditors: amounts falling due after more than one year
 8 
-
(7,732,839)

  

Net assets
  
868,311
11,297


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
868,211
11,197

  
868,311
11,297


Page 1

 
HARPERCREWE (THE STEADINGS) LTD
REGISTERED NUMBER: 12430877
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Adrian John Bloor
................................................
George Edward Martin Bossom
Director
Director


Date: 13 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HARPERCREWE (THE STEADINGS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Harpercrewe (The Steadings) Ltd 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company  and  the  revenue  can  be  reliably  measured.  Revenue  is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Revenue represents the value of legally completed open market sales during the period. Revenue is measured at the fair value of the consideration received, excluding discounts and VAT, arising from the principal activity of the company. In relation to JCT contracts revenue represents the amount invoiced under the contract based on monthly valuations, which are in turn based on percentage completion.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to the profit and loss in the period in which they are incurred.

Page 3

 
HARPERCREWE (THE STEADINGS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax on the profit or loss for the year comprises current and deferred tax.  Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.
Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and many adjustments to tax payable in respect of previous years.
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. The following timing differences are not provided for; differences between accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met; and differences relating to investments to the extent that it is not probable that they will reverse in the foreseeable recognised on permanent diffferences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.
Deferred tax is measured at the tax rate that is expeced to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet.  Deferred tax balances are not discounted.
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.


 
2.6

Work in progress

Work in progress is stated at the lower of cost and net realisable value. Cost include amounts incurred on development projects that are yet to commence.


Page 4

 
HARPERCREWE (THE STEADINGS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price, including any transaction costs, and subsequently measured at amortised cost determined using the effective interest rate, less any impairment losses for bad and doubtful debts.

 
2.8

Creditors

Short-term creditors are measured at the transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

 
2.9

Financial instruments

inancial instruments, or their component parts, are classified on initial recognition as either a financial asset, a financial liability or an equity instrument in accordance with the substance of the contractual arrangement. Financial instruments are recognised when the Company becomes a party to the contractual provisions of the instrument. Financial instruments are derecognised when the Company is no longer a party to the contractual provisions of the instrument.        
        
Financial assets        
Financial assets are stated at either a) cost or b) amortised cost using the effective interest method which is a method of calculating the amortised cost of a financial asset, where this differs from the original transaction value, and of allocating the interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial asset.        
(i) Cash and cash equivalents - cash is represented by cash in hand and on demand deposits less overdrafts.  Cash equivalents represents deposits held with financial institutions repayable without penalty on notice of not more than 24 hours.        
(ii) Trade receivables - trade receivables are recognised and carried at the original transaction value. A provision for impairment is established where there is evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables concerned.     
Financial liabilities        
Financial liabilities and equity are classified according to the substance of the financial instruments contractual obligations, rather than the financial instruments legal form.
(i) Variable rate loans - variable rate loans are included as financial liabilities on the balance sheet at the amounts drawn on the particular facilities, less costs directly attributable to the arrangement of those facilities. Such arrangement costs are charged to profit or loss over the period of the facilities and credited to the loan balance. Interest payable is expensed as a finance cost in the year to which it relates. (ii) Trade payables - trade payables are recognised and carried at the original transaction value.


3.


Employees

The Company has no employees. The Directors received no remuneration in the period.

Page 5

 
HARPERCREWE (THE STEADINGS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Work in progress

2023
2022
£
£

Work in progress (goods to be sold)
8,687,409
10,285,542

8,687,409
10,285,542



5.


Debtors

2023
2022
£
£


Trade debtors
24,280
-

Amounts owed by group undertakings
68,192
723,147

Other debtors
6,644
942,937

99,116
1,666,084



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
960,267
76,144

960,267
76,144



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
4,363,077
-

Trade creditors
1,046,791
1,064,014

Amounts owed to group undertakings
3,289,004
3,100,463

Other creditors
134,687
119,157

Accruals and deferred income
44,922
-

8,878,481
4,283,634


Page 6

 
HARPERCREWE (THE STEADINGS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due after more than one year

The following secured debts are included within creditors:


2023
2022
£
£

Other loans
-
7,732,839

-
7,732,839


The loan is secured by a guarantee from Harpercrewe (Holdings) Ltd.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
4,363,077
-


4,363,077
-

Amounts falling due 1-2 years

Other loans
-
7,732,839


-
7,732,839



4,363,077
7,732,839


The loan is secured by a guarantee from Harpercrewe (Holdings) Limited.


10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
960,267
76,145



 
Page 7