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REGISTERED NUMBER: 11620079 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Harkes Properties Limited

Harkes Properties Limited (Registered number: 11620079)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harkes Properties Limited

Company Information
for the year ended 31 December 2024







DIRECTOR: P Harbott





SECRETARY: Mrs C K Harbott





REGISTERED OFFICE: Summerville House
7 Dark Street
Haverfordwest
Pembrokeshire
SA61 2DS





REGISTERED NUMBER: 11620079 (England and Wales)





ACCOUNTANTS: Gorrie Whitson Limited
1st Floor, Cromwell House
14 Fulwood Place
London
WC1V 6HZ

Harkes Properties Limited (Registered number: 11620079)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,454 4,064
Investment property 5 276,000 250,000
279,454 254,064

CURRENT ASSETS
Debtors 6 16,652 11,749
Cash at bank 333 3,246
16,985 14,995
CREDITORS
Amounts falling due within one year 7 90,956 57,425
NET CURRENT LIABILITIES (73,971 ) (42,430 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,483

211,634

CREDITORS
Amounts falling due after more than one
year

8

(209,000

)

(209,000

)

PROVISIONS FOR LIABILITIES (10,952 ) (6,128 )
NET LIABILITIES (14,469 ) (3,494 )

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings (14,589 ) (3,614 )
SHAREHOLDERS' FUNDS (14,469 ) (3,494 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Harkes Properties Limited (Registered number: 11620079)

Balance Sheet - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 March 2025 and were signed by:





P Harbott - Director


Harkes Properties Limited (Registered number: 11620079)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Harkes Properties Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

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
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Harkes Properties Limited (Registered number: 11620079)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024
and 31 December 2024 8,164
DEPRECIATION
At 1 January 2024 4,100
Charge for year 610
At 31 December 2024 4,710
NET BOOK VALUE
At 31 December 2024 3,454
At 31 December 2023 4,064

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 250,000
Revaluations 26,000
At 31 December 2024 276,000
NET BOOK VALUE
At 31 December 2024 276,000
At 31 December 2023 250,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2020 10,000
Valuation in 2021 10,989
Valuation in 2022 7,200
Valuation in 2024 26,000
Cost 221,811
276,000

6. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Other debtors 2,500 4,995

Harkes Properties Limited (Registered number: 11620079)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

6. DEBTORS - continued
31.12.24 31.12.23
£    £   
Amounts falling due after more than one year:
Tax 14,152 6,754

Aggregate amounts 16,652 11,749

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors - 900
Directors' current accounts 89,002 55,580
Accruals and deferred income 1,954 945
90,956 57,425

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Directors' loan accounts 209,000 209,000