Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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170,000 | 170,000 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current liabilities | (4,396) | (3,861) | ||
Total assets less current liabilities | 165,604 | 166,139 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Fair value reserve |
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Profit and loss account |
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Total shareholder's funds |
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Director's responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Harbour Construction Dorset Ltd (registered number:
Mr M J Hawthorne
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Harbour Construction Dorset Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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 fair value is determined annually by the director, on an open market value for existing use basis.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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The company is run and administered by the director of the company for whom no formal contract of service is in place.
Investment property | Total | ||
£ | £ | ||
Cost | |||
At 01 July 2023 |
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At 30 June 2024 |
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Accumulated depreciation | |||
At 01 July 2023 |
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At 30 June 2024 |
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Net book value | |||
At 30 June 2024 |
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At 30 June 2023 |
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The class of assets has a current value of £170,000 (2023 £170,000) and a carrying amount of historical cost £127,418 (2023 £127,418). The depreciation on this historical cost is £nil (2023 £nil).
There has been no valuation of investment property by an independent valuer.
2024 | 2023 | ||
£ | £ | ||
Corporation tax |
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Other creditors |
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Transactions with the entity's director
The Directors loan account is repayable on demand and interest free.
At 1 July 2023, the balance owed to the director was £668. During the year, £1,000 was advanced to the director, and £2,869 was repaid by the director. At 30 June 2024, the balance owed to the director was £2,537.
At 1 July 2022, the balance owed to the director was £126. During the year, £8,340 was advanced to the director, and £8,882 was repaid by the director. At 30 June 2023, the balance owed to the director was £668.