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Company No: 14569860 (England and Wales)

HARBOURSIDE DEVELOPMENTS 2022 LIMITED

Unaudited Financial Statements
For the financial period from 04 January 2023 to 30 June 2024
Pages for filing with the registrar

HARBOURSIDE DEVELOPMENTS 2022 LIMITED

Unaudited Financial Statements

For the financial period from 04 January 2023 to 30 June 2024

Contents

HARBOURSIDE DEVELOPMENTS 2022 LIMITED

BALANCE SHEET

As at 30 June 2024
HARBOURSIDE DEVELOPMENTS 2022 LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 30.06.2024
£
Fixed assets
Intangible assets 3 520
Tangible assets 4 1,646
2,166
Current assets
Debtors 5 2,959
Cash at bank and in hand 9,305
12,264
Creditors: amounts falling due within one year 6 ( 13,239)
Net current liabilities (975)
Total assets less current liabilities 1,191
Net assets 1,191
Capital and reserves
Called-up share capital 7 100
Profit and loss account 1,091
Total shareholders' funds 1,191

For the financial period ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Harbourside Developments 2022 Limited (registered number: 14569860) were approved and authorised for issue by the Director on 04 October 2024. They were signed on its behalf by:

H S Mirmiran
Director
HARBOURSIDE DEVELOPMENTS 2022 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 04 January 2023 to 30 June 2024
HARBOURSIDE DEVELOPMENTS 2022 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 04 January 2023 to 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Harbourside Developments 2022 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House 2-8 Parkstone Road, Poole, BH15 2PW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Taxation

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
04.01.2023 to
30.06.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 2

3. Intangible assets

Website costs Total
£ £
Cost
At 04 January 2023 0 0
Additions 520 520
At 30 June 2024 520 520
Accumulated amortisation
At 04 January 2023 0 0
At 30 June 2024 0 0
Net book value
At 30 June 2024 520 520

4. Tangible assets

Plant and machinery Total
£ £
Cost
At 04 January 2023 0 0
Additions 1,894 1,894
At 30 June 2024 1,894 1,894
Accumulated depreciation
At 04 January 2023 0 0
Charge for the financial period 248 248
At 30 June 2024 248 248
Net book value
At 30 June 2024 1,646 1,646

5. Debtors

30.06.2024
£
Other debtors 2,959

6. Creditors: amounts falling due within one year

30.06.2024
£
Trade creditors 2,261
Taxation and social security 6,203
Other creditors 4,775
13,239

7. Called-up share capital

30.06.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100