Harbour View Investments Limited 05090539 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is property investment Digita Accounts Production Advanced 6.30.9574.0 true 05090539 2023-05-01 2024-04-30 05090539 2024-04-30 05090539 bus:OrdinaryShareClass1 2024-04-30 05090539 core:CurrentFinancialInstruments 2024-04-30 05090539 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 05090539 core:Non-currentFinancialInstruments 2024-04-30 05090539 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 05090539 bus:SmallEntities 2023-05-01 2024-04-30 05090539 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05090539 bus:FilletedAccounts 2023-05-01 2024-04-30 05090539 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05090539 bus:RegisteredOffice 2023-05-01 2024-04-30 05090539 bus:Director1 2023-05-01 2024-04-30 05090539 bus:Director4 2023-05-01 2024-04-30 05090539 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 05090539 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05090539 countries:England 2023-05-01 2024-04-30 05090539 2023-04-30 05090539 2022-05-01 2023-04-30 05090539 2023-04-30 05090539 bus:OrdinaryShareClass1 2023-04-30 05090539 core:CurrentFinancialInstruments 2023-04-30 05090539 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 05090539 core:Non-currentFinancialInstruments 2023-04-30 05090539 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05090539

Harbour View Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Harbour View Investments Limited

(Registration number: 05090539)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

1,545,000

1,545,000

Current assets

 

Debtors

5

30,631

20,951

Creditors: Amounts falling due within one year

6

(126,142)

(151,762)

Net current liabilities

 

(95,511)

(130,811)

Total assets less current liabilities

 

1,449,489

1,414,189

Creditors: Amounts falling due after more than one year

6

(82,192)

(119,456)

Provisions for liabilities

(25,800)

(19,608)

Net assets

 

1,341,497

1,275,125

Capital and reserves

 

Called up share capital

8

60

60

Retained earnings

1,341,437

1,275,065

Shareholders' funds

 

1,341,497

1,275,125

For the financial year ending 30 April 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.

 

Harbour View Investments Limited

(Registration number: 05090539)
Balance Sheet as at 30 April 2024

Approved and authorised by the Board on 26 November 2024 and signed on its behalf by:
 

.........................................
Paul Taylor
Director

.........................................
John Minford
Director

 

Harbour View Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

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

The address of its registered office is: Goosebrook Farm, Goosebrook Lane Antrobus, Northwich, Cheshire, CW9 6BH.

These financial statements were authorised for issue by the Board on 26 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.

Revenue recognition

Turnover comprises the fair value of rents received and receivable for the accounting period excluding value added tax.

Tax

The tax expense for the period comprises current and 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.

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.

Deferred tax is provided in respect of all timing differences at the balance sheet date. Timing differences are differences between the Company's taxable profit and its results stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax assets and liabilities are not discounted.

Investment property

Investment properties are initially measured at cost. Cost comprises the purchase price and any directly attributable expenditure including fees, taxes and other transaction costs. Investment properties are measured at fair value at each reporting date with any changes in fair value recognised in the profit and loss account.

 

Harbour View Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Short-term debtors and creditors

Debtor and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 4 (2023 - 4).

4

Investment properties

2024
£

At 1 May

1,545,000

The investment property has been stated at fair value based on the directors estimate of open market value.

5

Debtors

Current

2024
£

2023
£

Trade debtors

18,652

20,951

Other debtors

11,979

-

 

30,631

20,951

 

Harbour View Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

93,822

130,936

Taxation and social security

 

15,550

5,827

Accruals and deferred income

 

6,232

13,255

Other creditors

 

10,538

1,744

 

126,142

151,762

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

16,879

80,639

Other borrowings

65,313

38,817

82,192

119,456

Current loans and borrowings

2024
£

2023
£

Bank borrowings

58,497

86,500

Bank overdrafts

35,325

44,436

93,822

130,936

 

Harbour View Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

60

60

60

60

       

9

Reserves

2024
 £

2023
 £

Non-distributable reserve

598,426

598,426

Distributable reserve

741,136

676,639

1,339,562

1,275,065

10

Related party transactions


At the year end the company owed the directors £65,313 (2023:£33,817). No interest was charged on the amounts owing.