REGISTERED NUMBER: |
STRAND HARBOUR SECURITIES LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
REGISTERED NUMBER: |
STRAND HARBOUR SECURITIES LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
STRAND HARBOUR SECURITIES LIMITED (REGISTERED NUMBER: 02088171) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
STRAND HARBOUR SECURITIES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditors |
Station House |
North Street |
Havant |
Hampshire |
PO9 1QU |
BANKERS: |
SME Client Services |
2 Bankhead Crossway North |
Edinburgh |
EH11 4DT |
SOLICITORS: |
New Kings Court |
Tollgate |
Chandler's Ford |
Eastleigh |
Hampshire |
SO53 3LG |
STRAND HARBOUR SECURITIES LIMITED (REGISTERED NUMBER: 02088171) |
BALANCE SHEET |
30 APRIL 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
STRAND HARBOUR SECURITIES LIMITED (REGISTERED NUMBER: 02088171) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | STATUTORY INFORMATION |
Strand Harbour Securities Limited is a private company, limited by shares, registered in United Kingdom. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. |
Property income |
Property income represents rent receivable for the year, excluding value added tax. |
Tangible fixed assets |
Plant and machinery | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares. |
Trade and other 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 |
Cash and cash equivalents |
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities. |
Trade and other creditors |
Short term trade 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 |
Deferred tax |
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as |
otherwise required in the paragraphs below. |
Unrelieved 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 shall not be recognised on permanent differences, other than a business combination |
where assets (other than goodwill) give rise to an deferred tax asset or liability. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
STRAND HARBOUR SECURITIES LIMITED (REGISTERED NUMBER: 02088171) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 1 May 2023 |
and 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
and 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Revaluations | 5 |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
Fair value at 30 April 2024 is represented by: |
£ |
Valuation in 2024 | 5 |
The freehold lands were valued by directors of the company at the financial year end. The valuation was based on the market value of the freehold lands at 30 April 2024. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
Amounts owed by parent undertaking | 94,093 | 82,559 |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
Accruals and deferred income |
STRAND HARBOUR SECURITIES LIMITED (REGISTERED NUMBER: 02088171) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary class A | £1 | 66 | 66 |
Ordinary class B | £1 | 2 | 2 |
Ordinary class C | £1 | 2 | 2 |
70 | 70 |
Ordinary class A, B and C shares rank pari passu. |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | CONTINGENT LIABILITIES |
The company is part of a group VAT scheme and is therefore jointly and severally liable for any liabilities. At 30 April 2024, the group liability was £304,040 (2023: £9,966). |
11. | CONTROLLING PARTY |
The company is controlled by Heaton Holdings Limited. The ultimate controlling and holding company is Heaton Consolidated Property Holdings Limited. All the companies are registered in England and Wales. |
12. | CONSOLIDATED ACCOUNTS |
Consolidated accounts for Heaton Holdings Limited and accounts for Heaton Consolidated Property Holdings Limited are available from Suite 3, Faretec, Carnac Court, Cams Estate, Fareham, England, PO16 8UY. |