Harrier Offset Limited 01346457 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of commercial lettings Digita Accounts Production Advanced 6.30.9574.0 true true true 01346457 2023-01-01 2023-12-31 01346457 2023-12-31 01346457 bus:OrdinaryShareClass1 2023-12-31 01346457 core:CurrentFinancialInstruments 2023-12-31 01346457 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01346457 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 01346457 core:LandBuildings 2023-12-31 01346457 bus:SmallEntities 2023-01-01 2023-12-31 01346457 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01346457 bus:FilletedAccounts 2023-01-01 2023-12-31 01346457 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01346457 bus:RegisteredOffice 2023-01-01 2023-12-31 01346457 bus:CompanySecretary1 2023-01-01 2023-12-31 01346457 bus:Director1 2023-01-01 2023-12-31 01346457 bus:Director2 2023-01-01 2023-12-31 01346457 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 01346457 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01346457 core:LandBuildings 2023-01-01 2023-12-31 01346457 countries:AllCountries 2023-01-01 2023-12-31 01346457 2022-12-31 01346457 core:LandBuildings 2022-12-31 01346457 2022-01-01 2022-12-31 01346457 2022-12-31 01346457 bus:OrdinaryShareClass1 2022-12-31 01346457 core:CurrentFinancialInstruments 2022-12-31 01346457 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 01346457 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2022-12-31 01346457 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 01346457 core:Non-currentFinancialInstruments core:AfterOneYear core:PreviouslyStatedAmount 2022-12-31 01346457 core:LandBuildings 2022-12-31 01346457 core:PreviouslyStatedAmount 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01346457

Harrier Offset Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Harrier Offset Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Harrier Offset Limited

Company Information
__________________________________________________________________________

Directors

Mr AC Riddleston

Mr CD Riddleston

Company secretary

Camley Registrars Limited

Registered office

Abbey House
342 Regents Park Road
London
N3 2LJ


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

Harrier Offset Limited

(Registration number: 01346457)
Balance Sheet as at 31 December 2023
__________________________________________________________________________

Note

2023
£

2022
£

           

Fixed assets

   

 

Tangible assets

3

 

525,000

 

525,000

Current assets

   

 

Debtors

4

641,514

 

641,514

 

Cash at bank and in hand

 

53,852

 

106,104

 

 

695,366

 

747,618

 

Creditors: Amounts falling due within one year

5

(91,875)

 

(105,696)

 

Net current assets

   

603,491

 

641,922

Total assets less current liabilities

   

1,128,491

 

1,166,922

Creditors: Amounts falling due after more than one year

5

 

-

 

(51,246)

Net assets

   

1,128,491

 

1,115,676

Capital and reserves

   

 

Called up share capital

6

900

 

900

 

Revaluation reserve

393,572

 

393,572

 

Retained earnings

734,019

 

721,204

 

Shareholders' funds

   

1,128,491

 

1,115,676

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 October 2024 and signed on its behalf by:

Mr AC Riddleston
Director

Mr CD Riddleston
Director

 
     
 

Harrier Offset Limited

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

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of company premises and related services in the ordinary course of the company’s activities. Turnover is shown net of any rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at its cost or valuation, less any subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
No depreciation is provided on the company's freehold premises as it is the company's practice to maintain this asset in a continual state of sound repair and to make improvements thereto and accordingly the directors consider that the life of this asset is so long and the residual value so high that it's depreciation is not significant

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

 

Harrier Offset Limited

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

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2023

525,000

525,000

At 31 December 2023

525,000

525,000

Depreciation

Carrying amount

At 31 December 2023

525,000

525,000

At 31 December 2022

525,000

525,000

Included within the net book value of land and buildings above is £525,000 (2022 - £525,000) in respect of freehold land and buildings.
 

Revaluation

 

Harrier Offset Limited

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

The Company's Freehold land and buildings was revalued on 17 January 2013 by an independent valuer.
The Directors, confirm that based on current market conditions, this continues to show its fair value, with no diminution or impairment to the value stated in the year.. The name and qualification of the independent valuer are Michael Parks Surveyors Ltd, being members of RICS..
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2022 - £Nil).

4

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

641,514

641,514

   

641,514

641,514

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

-

13,713

Taxation and social security

 

16,156

18,243

Other creditors

 

75,719

73,740

 

91,875

105,696

Due after one year

 

Loans and borrowings

-

51,246

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

900

900

900

900