Company Registration No. 14103892 (England and Wales)
Harrow Troy Limited
Unaudited financial statements
For the period ended 31 May 2023
Pages for filing with registrar
HARROW TROY LIMITED
Harrow Troy Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HARROW TROY LIMITED
Harrow Troy Limited
BALANCE SHEET
AS AT 31 MAY 2023
31 May 2023
- 1 -
2023
Notes
£
£
Current assets
Stocks
3,541,008
Debtors
3
100
3,541,108
Creditors: amounts falling due within one year
4
(1,520,106)
Net current assets
2,021,002
Creditors: amounts falling due after more than one year
5
(2,450,547)
Net liabilities
(429,545)
Capital and reserves
Called up share capital
6
100
Profit and loss reserves
(429,645)
Total equity
(429,545)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 18 October 2024
Y  Zekaria
Director
Company registration number 14103892 (England and Wales)
HARROW TROY LIMITED
Harrow Troy Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023
- 2 -
1
Accounting policies
1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

During the period ended 31 May 2023, the company made a loss after tax of £429,645 and had net liabilities of £429,545.

 

The company continues to meet its day to day working capital requirements through loans from related parties of £1,515,307. Accordingly, the director considers it appropriate to prepare the financial statements on the going concern basis and he does not include any adjustments that would result from withdrawal of support.

1.3
Stocks

Stock includes properties in the course of construction held with the intention of selling them in the ordinary course of business. Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
Number
Total
1
3
Debtors
2023
Amounts falling due within one year:
£
Other debtors
100
4
Creditors: amounts falling due within one year
2023
£
Other creditors
1,520,106
HARROW TROY LIMITED
Harrow Troy Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2023
- 3 -
5
Creditors: amounts falling due after more than one year
2023
£
Bank loans and overdrafts
2,450,547

The bank facilities are secured by a fixed and floating charge over the company's assets.

6
Called up share capital
2023
2023
Ordinary share capital
Number
£
Issued and fully paid
100 ordinary shares of £1 each
100
100
During the period, 100 ordinary shares of £1 each were issued for cash consideration
7
Directors' transactions

The director has provided a personal guarantee for the bank loan.

8
Company Information

Harrow Troy Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.

 

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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