IRIS Accounts Production v24.2.0.383 01874869 director 1.2.23 31.1.24 31.1.24 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018748692023-01-31018748692024-01-31018748692023-02-012024-01-31018748692022-01-31018748692022-02-012023-01-31018748692023-01-3101874869ns15:EnglandWales2023-02-012024-01-3101874869ns14:PoundSterling2023-02-012024-01-3101874869ns10:Director12023-02-012024-01-3101874869ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3101874869ns10:SmallEntities2023-02-012024-01-3101874869ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3101874869ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3101874869ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3101874869ns10:FullAccounts2023-02-012024-01-3101874869ns10:CompanySecretary12023-02-012024-01-3101874869ns10:RegisteredOffice2023-02-012024-01-3101874869ns5:CurrentFinancialInstruments2024-01-3101874869ns5:CurrentFinancialInstruments2023-01-3101874869ns5:Non-currentFinancialInstruments2024-01-3101874869ns5:Non-currentFinancialInstruments2023-01-3101874869ns5:ShareCapital2024-01-3101874869ns5:ShareCapital2023-01-3101874869ns5:FurtherSpecificReserve3ComponentTotalEquity2024-01-3101874869ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-3101874869ns5:RetainedEarningsAccumulatedLosses2024-01-3101874869ns5:RetainedEarningsAccumulatedLosses2023-01-3101874869ns5:PlantMachinery2023-02-012024-01-3101874869ns5:PlantMachinery2023-01-3101874869ns5:PlantMachinery2024-01-3101874869ns5:PlantMachinery2023-01-3101874869ns5:CostValuation2023-01-3101874869ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3101874869ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3101874869ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3101874869ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3101874869ns5:Secured2024-01-3101874869ns5:Secured2023-01-3101874869ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-310187486912023-02-012024-01-31
REGISTERED NUMBER: 01874869 (England and Wales)















HARCOM HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024






HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARCOM HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: M P Harris



SECRETARY: Mrs J F Harris



REGISTERED OFFICE: 1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH



REGISTERED NUMBER: 01874869 (England and Wales)



ACCOUNTANT: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH



BANKERS: HSBC Bank Plc
45 Milson Street
Bath
BA1 1DU

HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869)

BALANCE SHEET
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,986 1,726
Investments 5 102 102
Investment property 6 2,210,000 2,210,000
2,212,088 2,211,828

CURRENT ASSETS
Debtors 7 768,137 767,412
Cash at bank 1,558 6,148
769,695 773,560
CREDITORS
Amounts falling due within one year 8 463,094 454,836
NET CURRENT ASSETS 306,601 318,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,518,689

2,530,552

CREDITORS
Amounts falling due after more than one
year

9

(694,608

)

(719,642

)

PROVISIONS FOR LIABILITIES (377 ) (328 )
NET ASSETS 1,823,704 1,810,582

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 11 1,718,296 1,718,296
Retained earnings 104,408 91,286
SHAREHOLDERS' FUNDS 1,823,704 1,810,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869)

BALANCE SHEET - continued
31 January 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





M P Harris - Director


HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Harcom Holdings 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 Company 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 as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

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 - 33% on cost and 25% on cost

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

Investment property
Investment properties valuation has been agreed as at 31 January 2024. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Going concern
The director has assessed whether the company is a going concern and has considered all available information about the future and is confident of the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 18,063
Additions 1,537
At 31 January 2024 19,600
DEPRECIATION
At 1 February 2023 16,337
Charge for year 1,277
At 31 January 2024 17,614
NET BOOK VALUE
At 31 January 2024 1,986
At 31 January 2023 1,726

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 102
NET BOOK VALUE
At 31 January 2024 102
At 31 January 2023 102

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 2,210,000
NET BOOK VALUE
At 31 January 2024 2,210,000
At 31 January 2023 2,210,000

Investment property was valued on an open market value by a third party ahead of signing an option agreement in December 2021.This valuation has been agreed by the director as the current valuation as at 31 January 2024.

The historical cost of investment property is £491,704

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Amounts owed by group undertakings 765,248 763,947
Other debtors 2,889 3,465
768,137 767,412

HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 70,096 45,253
Taxation and social security 9,298 19,307
Other creditors 383,700 390,276
463,094 454,836

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans 694,608 719,642

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 694,608 719,642

10. SECURED DEBTS

The following secured debts are included within creditors:

31/1/24 31/1/23
£    £   
Bank loans 764,704 764,895

There is a personal guarantee on the bank loan from the Director, Mr M Harris to a maximum of £250,000. The loan is also personally guaranteed by Mrs J Harris, Company Secretary, to a maximum of £250,000.

11. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 1,718,296

12. RELATED PARTY DISCLOSURES

During the year the company advanced £1,301 (2023 - £1,296) by way of a loan to Harcom Overseas Limited, a subsidiary of the company. The balance of £765,248 (2022- £763,947) was outstanding at the year end.

13. POST BALANCE SHEET EVENTS

The company has entered into an option agreement to sell the investment property, subject to various conditions which are yet to be concluded.