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Registration number: 1560218

Cyril Harber Investment Company Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Cyril Harber Investment Company Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Cyril Harber Investment Company Limited

Company Information

Directors

Ms Emily Jane Purves

Mrs Alexis Margot Purves

Mr Charles Stuart John Purves

Registered office

111/113 High Street
Evesham
Worcestershire
WR11 4XP

Accountants

Clement Rabjohns Limited
Chartered Accountants
111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

Cyril Harber Investment Company Limited

(Registration number: 1560218)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

2,690,000

2,690,000

Current assets

 

Debtors

5

7,940

6,595

Cash at bank and in hand

 

193,234

196,444

 

201,174

203,039

Creditors: Amounts falling due within one year

6

(309,150)

(336,456)

Net current liabilities

 

(107,976)

(133,417)

Total assets less current liabilities

 

2,582,024

2,556,583

Creditors: Amounts falling due after more than one year

6

(141,504)

(154,354)

Provisions for liabilities

(576,910)

(566,926)

Net assets

 

1,863,610

1,835,303

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

1,877,912

1,877,912

Retained earnings

(14,402)

(42,709)

Shareholders' funds

 

1,863,610

1,835,303

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 November 2024 and signed on its behalf by:
 

 

Cyril Harber Investment Company Limited

(Registration number: 1560218)
Balance Sheet as at 31 March 2024

.........................................
Mr Charles Stuart John Purves
Director

 

Cyril Harber Investment Company Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
111/113 High Street
Evesham
Worcestershire
WR11 4XP
England

These financial statements were authorised for issue by the Board on 27 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the rental income receivable. Rental income is invoiced in advance of the rental period.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 that are expected to apply to the reversal of the timing difference.

 

Cyril Harber Investment Company Limited

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Investment properties

2024
£

At 1 April

2,690,000

At 31 March

2,690,000

Valued by external valuer in October 2023 at an open market value of £2.69m. The Directors consider that the market value woud have been the same as at 31 March 2024.

5

Debtors

2024
£

2023
£

Other debtors

7,750

5,835

Prepayments

190

760

7,940

6,595

 

Cyril Harber Investment Company Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

11,112

9,024

Accruals and deferred income

 

1,526

962

Other creditors

 

296,512

326,470

 

309,150

336,456

Creditors include bank loans which are secured of £11,112 (2023 £9,024). The bank loan is secured over the property held at 3 Evesham Road, Cheltenham.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

141,504

154,354

Creditors include bank loans which are secured of £141,504 (2023 £154,354). The bank loan is secured over the property held at 3 Evesham Road, Cheltenham.

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

141,504

154,354

Current loans and borrowings

2024
£

2023
£

Bank borrowings

11,112

9,024