IRIS Accounts Production v24.3.2.46 03158153 Board of Directors 6.4.23 5.4.24 5.4.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031581532023-04-05031581532024-04-05031581532023-04-062024-04-05031581532022-04-05031581532022-04-062023-04-05031581532023-04-0503158153ns15:EnglandWales2023-04-062024-04-0503158153ns14:PoundSterling2023-04-062024-04-0503158153ns10:Director12023-04-062024-04-0503158153ns10:PrivateLimitedCompanyLtd2023-04-062024-04-0503158153ns10:SmallEntities2023-04-062024-04-0503158153ns10:AuditExempt-NoAccountantsReport2023-04-062024-04-0503158153ns10:SmallCompaniesRegimeForDirectorsReport2023-04-062024-04-0503158153ns10:SmallCompaniesRegimeForAccounts2023-04-062024-04-0503158153ns10:FullAccounts2023-04-062024-04-0503158153ns10:Director22023-04-062024-04-0503158153ns10:RegisteredOffice2023-04-062024-04-0503158153ns5:CurrentFinancialInstruments2024-04-0503158153ns5:CurrentFinancialInstruments2023-04-0503158153ns5:ShareCapital2024-04-0503158153ns5:ShareCapital2023-04-0503158153ns5:RevaluationReserve2024-04-0503158153ns5:RevaluationReserve2023-04-0503158153ns5:RetainedEarningsAccumulatedLosses2024-04-0503158153ns5:RetainedEarningsAccumulatedLosses2023-04-0503158153ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-0503158153ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-05
REGISTERED NUMBER: 03158153 (England and Wales)


















Harmony Estates Ltd

Unaudited Financial Statements for the Year Ended 5th April 2024






Harmony Estates Ltd (Registered number: 03158153)






Contents of the Financial Statements
for the year ended 5th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Harmony Estates Ltd

Company Information
for the year ended 5th April 2024







DIRECTORS: A B Green
S M Wayne





REGISTERED OFFICE: Arthington Park
Arthington
Otley
LS21 1PH





REGISTERED NUMBER: 03158153 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Harmony Estates Ltd (Registered number: 03158153)

Balance Sheet
5th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 180,000 180,000

CURRENT ASSETS
Debtors 5 900 900
Investments 6 62,407 61,052
Cash at bank 46,827 41,832
110,134 103,784
CREDITORS
Amounts falling due within one year 7 2,922 3,849
NET CURRENT ASSETS 107,212 99,935
TOTAL ASSETS LESS CURRENT
LIABILITIES

287,212

279,935

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 86,252 86,252
Retained earnings 200,860 193,583
SHAREHOLDERS' FUNDS 287,212 279,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 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.

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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th December 2024 and were signed on its behalf by:





A B Green - Director


Harmony Estates Ltd (Registered number: 03158153)

Notes to the Financial Statements
for the year ended 5th April 2024

1. STATUTORY INFORMATION

Harmony Estates Ltd 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.

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

Turnover
Turnover represents the value, excluding value added tax, of rental income from properties.


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
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Current asset investments
Current asset investments are stated at fair value. Gains and losses are recognised in profit or loss.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

Harmony Estates Ltd (Registered number: 03158153)

Notes to the Financial Statements - continued
for the year ended 5th April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6th April 2023
and 5th April 2024 180,000
NET BOOK VALUE
At 5th April 2024 180,000
At 5th April 2023 180,000


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 900 900

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 62,407 61,052

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,599 814
Other creditors 1,323 3,035
2,922 3,849

8. CALLED UP SHARE CAPITAL

The share capital of £100 (2023 - £100) is allotted, called up and fully paid.