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REGISTERED NUMBER: 12444358 (England and Wales)















HARLEQUIN NEW HOMES LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






HARLEQUIN NEW HOMES LIMITED (REGISTERED NUMBER: 12444358)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Report of the Directors 2

Consolidated Profit and Loss account 3

Consolidated Balance Sheet 4

Company Balance Sheet 5

Notes to the Consolidated Financial Statements 6


HARLEQUIN NEW HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: P I Parkhouse
J D Shelbourne
S R Taphouse





REGISTERED OFFICE: Lacemaker House
5-7 Chapel Street
Marlow
Bucks
SL7 3HN





REGISTERED NUMBER: 12444358 (England and Wales)





ACCOUNTANTS: Cox Costello & Horne
Chartered Accountants and Tax Advisors
Batchworth Lock House
99 Church Street, Rickmansworth
WD3 1JJ

HARLEQUIN NEW HOMES LIMITED (REGISTERED NUMBER: 12444358)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 NOVEMBER 2023


The directors present their report with the financial statements of the company and the group for the year ended 30 November 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 December 2022 to the date of this report.

P I Parkhouse
J D Shelbourne

Other changes in directors holding office are as follows:

S R Taphouse - appointed 29 August 2023

W Sutcliffe ceased to be a director after 30 November 2023 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P I Parkhouse - Director


10 October 2024

HARLEQUIN NEW HOMES LIMITED (REGISTERED NUMBER: 12444358)

CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2023

30.11.23 30.11.22
Notes £ £ £ £

TURNOVER 9,636,040 8,388,500

Cost of sales 8,384,902 6,935,385
GROSS PROFIT 1,251,138 1,453,115

Distribution costs - 7,461
Administrative expenses 1,307,725 1,107,287
1,307,725 1,114,748
OPERATING (LOSS)/PROFIT 4 (56,587 ) 338,367

Income from interest in associated undertakings 101,798 -
Interest receivable and similar income 972 355
102,770 355
46,183 338,722

Interest payable and similar expenses 18,352 25,055
PROFIT BEFORE TAXATION 27,831 313,667

Tax on profit 7,869 76,758
PROFIT FOR THE FINANCIAL YEAR 19,962 236,909

Profit attributable to:
Owners of the parent 19,962 236,909

HARLEQUIN NEW HOMES LIMITED (REGISTERED NUMBER: 12444358)

CONSOLIDATED BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 6 13,287 8,537
Investments 7 80 80
13,367 8,617

CURRENT ASSETS
Stocks 32,962,784 19,539,786
Debtors 8 2,075,284 2,583,695
Cash at bank 237,168 4,319
35,275,236 22,127,800
CREDITORS
Amounts falling due within one year 9 4,541,061 5,050,461
NET CURRENT ASSETS 30,734,175 17,077,339
TOTAL ASSETS LESS CURRENT LIABILITIES 30,747,542 17,085,956

CREDITORS
Amounts falling due after more than one year 10 30,385,425 16,744,001
NET ASSETS 362,117 341,955

CAPITAL AND RESERVES
Called up share capital 100,000 99,800
Retained earnings 262,117 242,155
SHAREHOLDERS' FUNDS 362,117 341,955

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





P I Parkhouse - Director


HARLEQUIN NEW HOMES LIMITED (REGISTERED NUMBER: 12444358)

COMPANY BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 6 13,287 8,537
Investments 7 1,900 1,900
15,187 10,437

CURRENT ASSETS
Debtors 8 3,711,645 2,415,006
Cash at bank 15 1
3,711,660 2,415,007
CREDITORS
Amounts falling due within one year 9 2,631,561 1,484,805
NET CURRENT ASSETS 1,080,099 930,202
TOTAL ASSETS LESS CURRENT LIABILITIES 1,095,286 940,639

CREDITORS
Amounts falling due after more than one year 10 714,708 537,000
NET ASSETS 380,578 403,639

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 280,578 303,639
SHAREHOLDERS' FUNDS 380,578 403,639

Company's (loss)/profit for the financial year (23,061 ) 268,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





P I Parkhouse - Director


HARLEQUIN NEW HOMES LIMITED (REGISTERED NUMBER: 12444358)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Harlequin New Homes 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 General 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.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Profit and Loss account, 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.

Hire purchase and leasing commitments
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 group operates a defined contribution pension scheme. Contributions payable to the group'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 1 (2022 - 1 ) .

HARLEQUIN NEW HOMES LIMITED (REGISTERED NUMBER: 12444358)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. OPERATING (LOSS)/PROFIT

The operating loss (2022 - operating profit) is stated after charging:

30.11.23 30.11.22
£ £
Depreciation - owned assets 3,983 2,418
Formation costs - 2,052

5. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


6. TANGIBLE FIXED ASSETS

Group
Plant and
machinery
etc
£
COST
At 1 December 2022 11,531
Additions 8,733
At 30 November 2023 20,264
DEPRECIATION
At 1 December 2022 2,994
Charge for year 3,983
At 30 November 2023 6,977
NET BOOK VALUE
At 30 November 2023 13,287
At 30 November 2022 8,537

Company
Plant and
machinery
etc
£
COST
At 1 December 2022 11,531
Additions 8,733
At 30 November 2023 20,264
DEPRECIATION
At 1 December 2022 2,994
Charge for year 3,983
At 30 November 2023 6,977
NET BOOK VALUE
At 30 November 2023 13,287
At 30 November 2022 8,537

HARLEQUIN NEW HOMES LIMITED (REGISTERED NUMBER: 12444358)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. FIXED ASSET INVESTMENTS

Group Company
30.11.23 30.11.22 30.11.23 30.11.22
£ £ £ £
Shares in group undertakings - - 1,900 1,900
Other investments not loans 80 80 - -
80 80 1,900 1,900

Additional information is as follows:

Group

Investments (neither listed nor unlisted) were as follows:
30.11.23 30.11.22
£ £
No description 80 80
Company
Shares in
group
undertakings
£
COST
At 1 December 2022
and 30 November 2023 1,900
NET BOOK VALUE
At 30 November 2023 1,900
At 30 November 2022 1,900


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
30.11.23 30.11.22 30.11.23 30.11.22
£ £ £ £
Trade debtors - 72,142 - -
Amounts owed by group undertakings - - 3,214,137 2,065,239
Amounts owed by participating interests 121,315 - - -
Other debtors 1,953,969 2,511,553 497,508 349,767
2,075,284 2,583,695 3,711,645 2,415,006

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
30.11.23 30.11.22 30.11.23 30.11.22
£ £ £ £
Trade creditors 284,109 487,941 238,344 200,292
Amounts owed to group undertakings - - 285,387 41,942
Amounts owed to participating interests - 595,300 - 30,478
Taxation and social security 77,473 76,758 3,400 -
Other creditors 4,179,479 3,890,462 2,104,430 1,212,093
4,541,061 5,050,461 2,631,561 1,484,805

HARLEQUIN NEW HOMES LIMITED (REGISTERED NUMBER: 12444358)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
30.11.23 30.11.22 30.11.23 30.11.22
£ £ £ £
Other creditors 30,385,425 16,744,001 714,708 537,000