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REGISTERED NUMBER: 11453418 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

HARK PROPERTY LIMITED

HARK PROPERTY LIMITED (REGISTERED NUMBER: 11453418)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HARK PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: M Smith
H M Smith





SECRETARY: M Smith





REGISTERED OFFICE: 207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL





REGISTERED NUMBER: 11453418 (England and Wales)





ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL

HARK PROPERTY LIMITED (REGISTERED NUMBER: 11453418)

ABRIDGED BALANCE SHEET
31 JULY 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 251,342 251,342

CURRENT ASSETS
Cash at bank 1,265 3,245

CREDITORS
Amounts falling due within one year 79,331 79,332
NET CURRENT LIABILITIES (78,066 ) (76,087 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,276

175,255

CREDITORS
Amounts falling due after more than one
year

5

182,740

182,740
NET LIABILITIES (9,464 ) (7,485 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (9,466 ) (7,487 )
(9,464 ) (7,485 )

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

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

The directors acknowledge their 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.

HARK PROPERTY LIMITED (REGISTERED NUMBER: 11453418)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 November 2024 and were signed on its behalf by:





H M Smith - Director


HARK PROPERTY LIMITED (REGISTERED NUMBER: 11453418)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Hark Property 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
The only fixed asset is that of an investment property, which is accounted for in accordance with the accounting standard.

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.

Investment properties
Investment properties are recorded initially at cost. At each reporting date it is recorded at fair value, with any changes in fair value recognised in the profit and loss account.

Going concern
The accounts are prepared on a going concern basis. Until such time as the deficit in reserves is reduced, the company will rely on its directors.

3. EMPLOYEES AND DIRECTORS

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

HARK PROPERTY LIMITED (REGISTERED NUMBER: 11453418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 251,342
NET BOOK VALUE
At 31 July 2024 251,342
At 31 July 2023 251,342

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31/7/24 31/7/23
£    £   
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 182,740 182,740

6. ULTIMATE CONTROLLING PARTY

The company is under the joint control of H Smith and M Smith.