Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29true2023-03-01falseproperty investment.33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02295935 2023-03-01 2024-02-29 02295935 2022-03-01 2023-02-28 02295935 2024-02-29 02295935 2023-02-28 02295935 2022-03-01 02295935 1 2023-03-01 2024-02-29 02295935 1 2022-03-01 2023-02-28 02295935 d:CompanySecretary1 2023-03-01 2024-02-29 02295935 d:Director1 2023-03-01 2024-02-29 02295935 d:Director2 2023-03-01 2024-02-29 02295935 d:RegisteredOffice 2023-03-01 2024-02-29 02295935 e:PlantMachinery 2024-02-29 02295935 e:PlantMachinery 2023-02-28 02295935 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 02295935 e:FurnitureFittings 2023-03-01 2024-02-29 02295935 e:ComputerEquipment 2023-03-01 2024-02-29 02295935 e:FreeholdInvestmentProperty 2024-02-29 02295935 e:FreeholdInvestmentProperty 2023-02-28 02295935 e:CurrentFinancialInstruments 2024-02-29 02295935 e:CurrentFinancialInstruments 2023-02-28 02295935 e:CurrentFinancialInstruments e:WithinOneYear 2024-02-29 02295935 e:CurrentFinancialInstruments e:WithinOneYear 2023-02-28 02295935 e:ShareCapital 2023-03-01 2024-02-29 02295935 e:ShareCapital 2024-02-29 02295935 e:ShareCapital 2022-03-01 2023-02-28 02295935 e:ShareCapital 2023-02-28 02295935 e:ShareCapital 2022-03-01 02295935 e:SharePremium 2023-03-01 2024-02-29 02295935 e:SharePremium 2024-02-29 02295935 e:SharePremium 1 2023-03-01 2024-02-29 02295935 e:SharePremium 2022-03-01 2023-02-28 02295935 e:SharePremium 2023-02-28 02295935 e:SharePremium 2022-03-01 02295935 e:SharePremium 1 2022-03-01 2023-02-28 02295935 e:RevaluationReserve 2023-03-01 2024-02-29 02295935 e:RevaluationReserve 2024-02-29 02295935 e:RevaluationReserve 1 2023-03-01 2024-02-29 02295935 e:RevaluationReserve 2022-03-01 2023-02-28 02295935 e:RevaluationReserve 2023-02-28 02295935 e:RevaluationReserve 2022-03-01 02295935 e:RevaluationReserve 1 2022-03-01 2023-02-28 02295935 e:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 02295935 e:RetainedEarningsAccumulatedLosses 2024-02-29 02295935 e:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 02295935 e:RetainedEarningsAccumulatedLosses 2023-02-28 02295935 e:RetainedEarningsAccumulatedLosses 2022-03-01 02295935 d:FRS102 2023-03-01 2024-02-29 02295935 d:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 02295935 d:FullAccounts 2023-03-01 2024-02-29 02295935 d:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 02295935 2 2023-03-01 2024-02-29 02295935 f:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Registered number: 02295935












PAUL HARDING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED
 29 FEBRUARY 2024



















 


img675f.png
01483 755 399
hamlyns.com

 
PAUL HARDING LIMITED
 

COMPANY INFORMATION


Directors
M Harding 
P M Harding 




Company secretary
M Harding



Registered number
02295935



Registered office
The Clockhouse
4 Windmill Road

Wimbledon Common

London

SW19 5NQ




Accountants
Hamlyns Limited
Chartered Accountants

Sundial House

High Street

Horsell

WOKING

GU21 4SU






 
PAUL HARDING LIMITED
REGISTERED NUMBER: 02295935

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,155
2,759

Investments
 5 
80,079
200,474

Investment property
 6 
2,925,000
2,925,000

  
3,006,234
3,128,233

Current assets
  

Debtors: amounts falling due within one year
 7 
35,127
173

Cash at bank and in hand
  
80,371
95,264

  
115,498
95,437

Creditors: amounts falling due within one year
 8 
(12,908)
(44,598)

Net current assets
  
 
 
102,590
 
 
50,839

Total assets less current liabilities
  
3,108,824
3,179,072

Provisions for liabilities
  

Deferred tax
  
(429,772)
(428,923)

  
 
 
(429,772)
 
 
(428,923)

Net assets
  
2,679,052
2,750,149


Capital and reserves
  

Called up share capital 
  
2,002
2,002

Share premium account
  
1,124,000
1,124,000

Revaluation reserve
  
1,845,009
1,842,462

Profit and loss account
  
(291,959)
(218,315)

  
2,679,052
2,750,149


Page 1

 
PAUL HARDING LIMITED
REGISTERED NUMBER: 02295935

BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 August 2024.




___________________________
P M Harding
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
PAUL HARDING LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 FEBRUARY 2024


Called up share capital
Share premium account
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£


At 1 March 2022
2,002
1,124,000
1,951,341
(306,964)
2,770,379


Comprehensive income for the year

Loss for the year
-
-
-
(20,230)
(20,230)

Transfer between other reserves
-
-
-
108,879
108,879
Total comprehensive income for the year
-
-
-
88,649
88,649


Contributions by and distributions to owners

Transfer between other reserves
-
-
(108,879)
-
(108,879)


Total transactions with owners
-
-
(108,879)
-
(108,879)



At 1 March 2023
2,002
1,124,000
1,842,462
(218,315)
2,750,149


Comprehensive income for the year

Loss for the year
-
-
-
(71,097)
(71,097)

Transfer between other reserves
-
-
-
(2,547)
(2,547)
Total comprehensive income for the year
-
-
-
(73,644)
(73,644)


Contributions by and distributions to owners

Transfer between other reserves
-
-
2,547
-
2,547


Total transactions with owners
-
-
2,547
-
2,547


At 29 February 2024
2,002
1,124,000
1,845,009
(291,959)
2,679,052


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
PAUL HARDING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Paul Harding Limited is a private company limited by shares and incorporated in England. Its registered office and company number can be found on the company information page.
 

2.Accounting policies

  
2.1

Basis of preparation

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain assets, and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts have been prepared on the going concern basis.

  
2.2

Turnover

Turnover represents the fair value of the amounts recievable in respect of the letting of freehold properties.

  
2.3

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deffered tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

  
2.4

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. 

  
2.5

Investment property

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at each balance sheet date by the directors at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
PAUL HARDING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Fixtures and fittings
-
5
years
Computer equipment
-
3
years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.10

Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, its is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


3.


Employees

2024
2023
£
£

Wages and salaries
60,521
53,150

Social security costs
-
184

60,521
53,334


The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
PAUL HARDING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery

£



Cost or valuation


At 1 March 2023
40,250



At 29 February 2024

40,250



Depreciation


At 1 March 2023
37,491


Charge for the year on owned assets
1,604



At 29 February 2024

39,095



Net book value



At 29 February 2024
1,155



At 28 February 2023
2,759


5.


Fixed asset investments








Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


At 1 March 2023
1,504
198,970
200,474


Additions
-
12,885
12,885


Disposals
-
(136,677)
(136,677)


Revaluations
-
3,397
3,397



At 29 February 2024
1,504
78,575
80,079




Page 6

 
PAUL HARDING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
2,925,000



At 29 February 2024
2,925,000


Comprising


Cost
654,687

Annual revaluation surplus/(deficit):


Revaluation
2,270,313

At 29 February 2024
2,925,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.







Page 7

 
PAUL HARDING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
192
94

Other debtors
34,743
-

Prepayments and accrued income
192
79

35,127
173



8.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
2,531
4,845

Amounts owed to group undertakings
4
4

Other taxation and social security
1,939
1,628

Other creditors
3,224
29,497

Accruals and deferred income
5,210
8,624

12,908
44,598



Page 8