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REGISTERED NUMBER: 04718208 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Harrow & Hope Limited

Harrow & Hope Limited (Registered number: 04718208)






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


Harrow & Hope Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs K Laithwaite
Mr H J H Laithwaite





SECRETARY: Mrs K Laithwaite





REGISTERED OFFICE: Marlow Winery Pump
Lane North
Marlow
Buckinghamshire
SL7 3RD





REGISTERED NUMBER: 04718208 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Harrow & Hope Limited (Registered number: 04718208)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 717,201 882,670

CURRENT ASSETS
Stocks 1,135,562 1,010,925
Debtors 5 199,385 246,037
Cash at bank 331,116 116,755
1,666,063 1,373,717
CREDITORS
Amounts falling due within one year 6 (2,183,101 ) (2,152,304 )
NET CURRENT LIABILITIES (517,038 ) (778,587 )
TOTAL ASSETS LESS CURRENT LIABILITIES 200,163 104,083

CREDITORS
Amounts falling due after more than one year 7 (45,582 ) (46,423 )

PROVISIONS FOR LIABILITIES (65,797 ) (45,096 )
NET ASSETS 88,784 12,564

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 88,783 12,563
SHAREHOLDERS' FUNDS 88,784 12,564

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.

Harrow & Hope Limited (Registered number: 04718208)

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 21 August 2024 and were signed on its behalf by:




Mr H J H Laithwaite - Director



Mrs K Laithwaite - Director


Harrow & Hope Limited (Registered number: 04718208)

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

1. STATUTORY INFORMATION

Harrow & Hope 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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Revenue is recognised once title of goods has been transferred to the customer, net of value added tax, rebates and discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

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

Direct costs of the winery plus attributable overheads are used to value stock. The directors consider that this method is most appropriate for the nature of the company's activities.

At each balance sheet date, stocks are assessed for impairment. if stock is impaired, the carrying amount is reduced to its selling price less costs to complete to sell. The impairment loss is recognised immediately in the profit and loss account.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and therefore at fair value, with changes recognised in profit and loss.


Harrow & Hope Limited (Registered number: 04718208)

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

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Harrow & Hope Limited (Registered number: 04718208)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 2,175,195
Additions 113,792
Disposals (1,667 )
At 31 December 2023 2,287,320
DEPRECIATION
At 1 January 2023 1,292,525
Charge for year 278,094
Eliminated on disposal (500 )
At 31 December 2023 1,570,119
NET BOOK VALUE
At 31 December 2023 717,201
At 31 December 2022 882,670

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 81,090
DEPRECIATION
At 1 January 2023 14,555
Charge for year 8,109
At 31 December 2023 22,664
NET BOOK VALUE
At 31 December 2023 58,426
At 31 December 2022 66,535

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 130,072 232,952
Other debtors 69,313 13,085
199,385 246,037

Harrow & Hope Limited (Registered number: 04718208)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 37,077 93,066
Taxation and social security 86,063 -
Other creditors 2,059,961 2,059,238
2,183,101 2,152,304

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 8) 45,582 46,423

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.23 31.12.22
£    £   
Net obligations repayable:
Between one and five years 45,582 46,423

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr H J H Laithwaite.