Harpsden Ventures Limited 05460110 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 true 05460110 2023-06-01 2024-05-31 05460110 2024-05-31 05460110 core:CurrentFinancialInstruments 2024-05-31 05460110 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 05460110 bus:SmallEntities 2023-06-01 2024-05-31 05460110 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 05460110 bus:FullAccounts 2023-06-01 2024-05-31 05460110 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05460110 bus:RegisteredOffice 2023-06-01 2024-05-31 05460110 bus:Director1 2023-06-01 2024-05-31 05460110 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05460110 countries:EnglandWales 2023-06-01 2024-05-31 05460110 2023-05-31 05460110 2022-06-01 2023-05-31 05460110 2023-05-31 05460110 core:CurrentFinancialInstruments 2023-05-31 05460110 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 05460110

Harpsden Ventures Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Harpsden Ventures Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 4

 

Harpsden Ventures Limited

(Registration number: 05460110)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

660,511

660,511

Current assets

 

Debtors

5

303

350

Cash at bank and in hand

 

86,726

60,725

 

87,029

61,075

Creditors: Amounts falling due within one year

6

(576,010)

(576,283)

Net current liabilities

 

(488,981)

(515,208)

Net assets

 

171,530

145,303

Capital and reserves

 

Called up share capital

100

100

Retained earnings

171,430

145,203

Shareholders' funds

 

171,530

145,303

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

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Harpsden Ventures Limited

(Registration number: 05460110)
Balance Sheet as at 31 May 2024

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.

Approved and authorised by the director on 8 January 2025
 

.........................................
I D Simpson
Director

 

Harpsden Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of the investment property. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

 

Harpsden Ventures Limited

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investment properties

2024
£

At 1 June

660,511

At 31 May

660,511

The director is of the opinion that the fair value of the investment property is not significantly different to the cost.

5

Debtors

Current

2024
£

2023
£

Other debtors

303

350

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

6,152

6,072

Other creditors

569,858

570,211

576,010

576,283