Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mr M J Hawthorne 12/06/2003 27 January 2025 The principal activity of the Company during the financial year was that of letting of investment property. 04755639 2024-06-30 04755639 bus:Director1 2024-06-30 04755639 2023-06-30 04755639 core:CurrentFinancialInstruments 2024-06-30 04755639 core:CurrentFinancialInstruments 2023-06-30 04755639 core:ShareCapital 2024-06-30 04755639 core:ShareCapital 2023-06-30 04755639 core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 04755639 core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 04755639 core:RetainedEarningsAccumulatedLosses 2024-06-30 04755639 core:RetainedEarningsAccumulatedLosses 2023-06-30 04755639 core:InvestmentPropertyIncludedWithinPPE 2023-06-30 04755639 core:InvestmentPropertyIncludedWithinPPE 2024-06-30 04755639 2023-07-01 2024-06-30 04755639 bus:FilletedAccounts 2023-07-01 2024-06-30 04755639 bus:SmallEntities 2023-07-01 2024-06-30 04755639 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04755639 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04755639 bus:Director1 2023-07-01 2024-06-30 04755639 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Company No: 04755639 (England and Wales)

HARBOUR CONSTRUCTION DORSET LTD

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

HARBOUR CONSTRUCTION DORSET LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

HARBOUR CONSTRUCTION DORSET LTD

BALANCE SHEET

As at 30 June 2024
HARBOUR CONSTRUCTION DORSET LTD

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 170,000 170,000
170,000 170,000
Creditors: amounts falling due within one year 4 ( 4,396) ( 3,861)
Net current liabilities (4,396) (3,861)
Total assets less current liabilities 165,604 166,139
Net assets 165,604 166,139
Capital and reserves
Called-up share capital 210 210
Fair value reserve 42,582 42,582
Profit and loss account 122,812 123,347
Total shareholder's funds 165,604 166,139

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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: 04755639) were approved and authorised for issue by the Director on 27 January 2025. They were signed on its behalf by:

Mr M J Hawthorne
Director
HARBOUR CONSTRUCTION DORSET LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
HARBOUR CONSTRUCTION DORSET LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

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.

General information and basis of accounting

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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rent receivable.
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.

Taxation

Current tax
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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

The company is run and administered by the director of the company for whom no formal contract of service is in place.

3. Tangible assets

Investment property Total
£ £
Cost
At 01 July 2023 170,000 170,000
At 30 June 2024 170,000 170,000
Accumulated depreciation
At 01 July 2023 0 0
At 30 June 2024 0 0
Net book value
At 30 June 2024 170,000 170,000
At 30 June 2023 170,000 170,000

The investment property has been valued at 30 June 2024 by the director who is internal to the company. The basis of valuation was open market valuation.

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.

4. Creditors: amounts falling due within one year

2024 2023
£ £
Corporation tax 0 1,410
Other creditors 4,396 2,451
4,396 3,861

5. Related party transactions

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.