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REGISTERED NUMBER: 12800401 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HARBOUR PUBS IW LIMITED

HARBOUR PUBS IW LIMITED (REGISTERED NUMBER: 12800401)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HARBOUR PUBS IW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: M D McDonald





REGISTERED OFFICE: 1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA





REGISTERED NUMBER: 12800401 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

HARBOUR PUBS IW LIMITED (REGISTERED NUMBER: 12800401)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 78,491 90,991

CURRENT ASSETS
Stocks 7,400 7,300
Debtors 5 48,930 15,672
Cash at bank and in hand 20,271 9,693
76,601 32,665
CREDITORS
Amounts falling due within one year 6 362,237 264,914
NET CURRENT LIABILITIES (285,636 ) (232,249 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(207,145

)

(141,258

)

CAPITAL AND RESERVES
Called up share capital 7 1 3
Retained earnings (207,146 ) (141,261 )
SHAREHOLDERS' FUNDS (207,145 ) (141,258 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 25 February 2024 and were signed by:



M D McDonald - Director


HARBOUR PUBS IW LIMITED (REGISTERED NUMBER: 12800401)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Harbour Pubs IW 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.

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 - 10% on reducing balance

All other assets are depreciated on 25% reducing balance.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

HARBOUR PUBS IW LIMITED (REGISTERED NUMBER: 12800401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and
to property machinery fittings Totals
£ £ £ £
COST
At 1 January 2023 76,327 29,177 22,673 128,177
Additions - 1,300 - 1,300
At 31 December 2023 76,327 30,477 22,673 129,477
DEPRECIATION
At 1 January 2023 14,502 12,765 9,919 37,186
Charge for year 6,183 4,428 3,189 13,800
At 31 December 2023 20,685 17,193 13,108 50,986
NET BOOK VALUE
At 31 December 2023 55,642 13,284 9,565 78,491
At 31 December 2022 61,825 16,412 12,754 90,991

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 12,455 12,455
Social security and other tax 13,850 -
Directors' current accounts 22,625 3,217
48,930 15,672

Other debtors at 31st December 2022 and 31st December 2023 was a a rent deposit paid.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed to group undertakings 239,268 203,184
Tax 500 400
Social security and other taxes - 3,422
VAT 118,303 51,623
Other creditors 260 535
Accrued expenses 3,906 5,750
362,237 264,914

HARBOUR PUBS IW LIMITED (REGISTERED NUMBER: 12800401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The amount owed to related companies at 31st December 2023 was £239,268 (2022: £203,184) to Traditional Pubs IW Limited, a company of which M McDonald is director.

Other creditors relates to outstanding pension payments.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
NIL Ordinary A £1 - 2
1 Ordinary B £1 1 1
1 3