IRIS Accounts Production v24.3.0.553 01689625 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016896252023-03-31016896252024-03-31016896252023-04-012024-03-31016896252022-03-31016896252022-04-012023-03-31016896252023-03-3101689625ns15:EnglandWales2023-04-012024-03-3101689625ns14:PoundSterling2023-04-012024-03-3101689625ns10:Director12023-04-012024-03-3101689625ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101689625ns10:SmallEntities2023-04-012024-03-3101689625ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101689625ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101689625ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101689625ns10:FullAccounts2023-04-012024-03-3101689625ns10:Director22023-04-012024-03-3101689625ns10:CompanySecretary12023-04-012024-03-3101689625ns10:RegisteredOffice2023-04-012024-03-3101689625ns5:CurrentFinancialInstruments2024-03-3101689625ns5:CurrentFinancialInstruments2023-03-3101689625ns5:Non-currentFinancialInstruments2024-03-3101689625ns5:Non-currentFinancialInstruments2023-03-3101689625ns5:ShareCapital2024-03-3101689625ns5:ShareCapital2023-03-3101689625ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3101689625ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3101689625ns5:RetainedEarningsAccumulatedLosses2024-03-3101689625ns5:RetainedEarningsAccumulatedLosses2023-03-3101689625ns5:FurnitureFittings2023-04-012024-03-3101689625ns5:FurnitureFittings2023-03-3101689625ns5:FurnitureFittings2024-03-3101689625ns5:FurnitureFittings2023-03-3101689625ns5:DeferredTaxation2023-03-3101689625ns5:DeferredTaxation2024-03-3101689625ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31
REGISTERED NUMBER: 01689625 (England and Wales)



















HAROLD TRADING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






HAROLD TRADING LIMITED (REGISTERED NUMBER: 01689625)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


HAROLD TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Gluck
H Gluck





SECRETARY: J Gluck





REGISTERED OFFICE: First Floor
94 Stamford Hill
London
N16 6XS





REGISTERED NUMBER: 01689625 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

HAROLD TRADING LIMITED (REGISTERED NUMBER: 01689625)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 79 93
Investment property 6 250,000 250,000
250,079 250,093

CURRENT ASSETS
Cash at bank 1,966 782

CREDITORS
Amounts falling due within one year 7 3,594 3,179
NET CURRENT LIABILITIES (1,628 ) (2,397 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,451

247,696

CREDITORS
Amounts falling due after more than one
year

8

(31,720

)

(29,925

)

PROVISIONS FOR LIABILITIES 9 (24,697 ) (24,697 )
NET ASSETS 192,034 193,074

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 180,698 180,698
Retained earnings 11,334 12,374
SHAREHOLDERS' FUNDS 192,034 193,074

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 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.

HAROLD TRADING LIMITED (REGISTERED NUMBER: 01689625)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





H Gluck - Director


HAROLD TRADING LIMITED (REGISTERED NUMBER: 01689625)

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

1. STATUTORY INFORMATION

Harold Trading 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified to include investment properties measured at fair value through profit or loss.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover
Turnover is recognised at the fair value of the consideration receivable in respect of services provided in the normal course of business. The turnover of the company is represented by rents and charges receivable in respect of the company's investment portfolio.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. It is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


HAROLD TRADING LIMITED (REGISTERED NUMBER: 01689625)

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

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 1,785
DEPRECIATION
At 1 April 2023 1,692
Charge for year 14
At 31 March 2024 1,706
NET BOOK VALUE
At 31 March 2024 79
At 31 March 2023 93

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 250,000
NET BOOK VALUE
At 31 March 2024 250,000
At 31 March 2023 250,000

The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the company's directors who have the experience and expertise required to undertake such an exercise. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the same location.

The historical cost of investment properties at 31 March 2024 is £44,605.

HAROLD TRADING LIMITED (REGISTERED NUMBER: 01689625)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,194 966
Other creditors 2,400 2,213
3,594 3,179

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 31,720 29,925

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 31,720 29,925

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 24,697 24,697

Deferred
tax
£   
Balance at 1 April 2023 24,697
Balance at 31 March 2024 24,697

Deferred tax arises from the revaluation of investment properties.

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 180,698

11. RELATED PARTY DISCLOSURES

Other creditors falling due after more than one year represent amounts due to a related company under common control.