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 |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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. |
Other changes in directors holding office are as follows: |
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: |
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 |
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 |
Investments | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 10 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
Company's (loss)/profit for the financial year | (23,061 | ) | 268,390 |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
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 |
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 |
Additions |
At 30 November 2023 |
DEPRECIATION |
At 1 December 2022 |
Charge for year |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
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 | - | - |
Other investments not loans | 80 | 80 |
80 | 80 |
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 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
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 | - | - |
Amounts owed by participating interests | 121,315 | - | - | - |
Other debtors | 1,953,969 | 2,511,553 |
2,075,284 | 2,583,695 |
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 |
Amounts owed to group undertakings | - | - |
Amounts owed to participating interests | - | 595,300 | - | 30,478 |
Taxation and social security | 77,473 | 76,758 |
Other creditors | 4,179,479 | 3,890,462 |
4,541,061 | 5,050,461 |
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 |