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Harbinger Storage Developments (Nr 1) Ltd

Registered Number
14069831
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

Harbinger Storage Developments (Nr 1) Ltd
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

Gary Trevor Evans
Christopher Noah Nimmo
Richard James Shepherd-Cross

Company Secretary

Michael C Keatley

Registered Address

Whiteleaf Business Centre
11 Little Balmer
Buckingham
MK18 1TF

Registered Number

14069831 (England and Wales)
Harbinger Storage Developments (Nr 1) Ltd
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3100100
Tangible assets467,986-
68,086100
Current assets
Debtors7,941,5394,417,739
Cash at bank and on hand3,17142,751
7,944,7104,460,490
Creditors amounts falling due within one year5(199)(199)
Net current assets (liabilities)7,944,5114,460,291
Total assets less current liabilities8,012,5974,460,391
Creditors amounts falling due after one year6(8,011,139)(4,458,542)
Net assets1,4581,849
Capital and reserves
Called up share capital1,0001,000
Profit and loss account458849
Shareholders' funds1,4581,849
The financial statements were approved and authorised for issue by the Board of Directors on 7 March 2025, and are signed on its behalf by:
Christopher Noah Nimmo
Director
Registered Company No. 14069831
Harbinger Storage Developments (Nr 1) Ltd
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible fixed assets are stated at cost and are regularly reviewed for diminution.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is not provided until the asset has been fully bought into use.
2.Average number of employees

20242023
Average number of employees during the year34
3.Intangible assets
The Company's sole subsidiary at the date of the accounts is Harbinger Solihull Developments Ltd - Co Nr 13175593

Other

Total

££
Cost or valuation
At 01 July 23100100
At 30 June 24100100
Net book value
At 30 June 24100100
At 30 June 23100100
4.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
Additions67,98667,986
At 30 June 2467,98667,986
Net book value
At 30 June 2467,98667,986
At 30 June 23--
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security199199
Total199199
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts5,192,1491,639,552
Convertible loans2,818,9902,818,990
Total8,011,1394,458,542
The amount shown above as Other Creditors - Amounts falling due after more than One Year relates to Preference Shares held by MW Private Equity (Harbinger Self Storage Developments) General Partners Ltd (£2,818,990 - 2023 £2,818,990) and a Loan Facility from Fairfield REF (£5,192,149 including accrued interest and commitment fees - 2023 £1,639,552).