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REGISTERED NUMBER: 02911388 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

W.A. Hardman & Co. Limited

W.A. Hardman & Co. Limited (Registered number: 02911388)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W.A. Hardman & Co. Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr B A Hardman





REGISTERED OFFICE: Offices 1 and 2
1A King Street
Farnworth
Bolton
Greater Manchester
BL4 7AB





REGISTERED NUMBER: 02911388 (England and Wales)





ACCOUNTANTS: Higsons Limited
Accountants
Offices 1 and 2
1A King Street
Farnworth
Bolton
Greater Manchester
BL4 7AB

W.A. Hardman & Co. Limited (Registered number: 02911388)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93 124
Investments 5 100 100
Investment property 6 1,503,000 1,503,000
1,503,193 1,503,224

CURRENT ASSETS
Cash at bank 14,198 19,325

CREDITORS
Amounts falling due within one year 7 175,241 191,299
NET CURRENT LIABILITIES (161,043 ) (171,974 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,342,150

1,331,250

CREDITORS
Amounts falling due after more than one
year

8

(911,041

)

(930,138

)

PROVISIONS FOR LIABILITIES 10 (100,190 ) (76,151 )
NET ASSETS 330,919 324,961

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 300,501 324,541
Retained earnings 11 30,318 320
SHAREHOLDERS' FUNDS 330,919 324,961

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

W.A. Hardman & Co. Limited (Registered number: 02911388)

Balance Sheet - continued
31 March 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 4 June 2024 and were signed by:





Mr B A Hardman - Director


W.A. Hardman & Co. Limited (Registered number: 02911388)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

W.A. Hardman & Co. 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
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation. At the balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered impairment losses, no such losses were identified.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

W.A. Hardman & Co. Limited (Registered number: 02911388)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 1,651
DEPRECIATION
At 1 April 2023 1,527
Charge for year 31
At 31 March 2024 1,558
NET BOOK VALUE
At 31 March 2024 93
At 31 March 2023 124

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,503,000
NET BOOK VALUE
At 31 March 2024 1,503,000
At 31 March 2023 1,503,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 251,292
Valuation in 2019 149,375
Cost 1,102,333
1,503,000

W.A. Hardman & Co. Limited (Registered number: 02911388)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,102,333 1,102,333

Investment properties were valued on an open market basis on 31 March 2024 by the company's director Mr B A Hardman .

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 16,478 16,073
Trade creditors 8,344 (1 )
Taxation and social security 15,043 11,485
Other creditors 135,376 163,742
175,241 191,299

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 911,041 930,138

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,053 16,291

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 927,519 946,211

Bank loans are secured against investment property.

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 23 24
Deferred tax on fair value reserve 100,167 76,127
100,190 76,151

W.A. Hardman & Co. Limited (Registered number: 02911388)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred Other
tax provisions
£    £   
Balance at 1 April 2023 76,151 76,151
Charge to Income Statement during year 24,039 -
Balance at 31 March 2024 100,190 76,151

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 320 324,541 324,861
Profit for the year 35,958 35,958
Dividends (30,000 ) (30,000 )
Adjustments to deferred tax on fair
value reserve

24,040

(24,040

)

-

At 31 March 2024 30,318 300,501 330,819