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REGISTERED NUMBER: 03801630 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Harrowmend Limited

Harrowmend Limited (Registered number: 03801630)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Harrowmend Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr J W Keeble
Ms S Hall





SECRETARY: S A Mannall





REGISTERED OFFICE: Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR





REGISTERED NUMBER: 03801630 (England and Wales)





ACCOUNTANTS: Knights Lowe
The Barn
11 Bury Road
Thetford
Norfolk
IP24 3PJ

Harrowmend Limited (Registered number: 03801630)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,957 55,802
Investment property 5 524,383 516,483
577,340 572,285

CURRENT ASSETS
Debtors 6 4,879 5,556
Cash at bank 2,272 2,424
7,151 7,980
CREDITORS
Amounts falling due within one year 7 469,065 429,411
NET CURRENT LIABILITIES (461,914 ) (421,431 )
TOTAL ASSETS LESS CURRENT LIABILITIES 115,426 150,854

CREDITORS
Amounts falling due after more than one
year

8

5,621

14,053
NET ASSETS 109,805 136,801

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 90,656 90,656
Retained earnings 11 19,147 46,143
SHAREHOLDERS' FUNDS 109,805 136,801

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

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

The directors acknowledge their 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.

Harrowmend Limited (Registered number: 03801630)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





Mr J W Keeble - Director


Harrowmend Limited (Registered number: 03801630)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Harrowmend 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures, fittings and equipment - 15% on reducing balance
Motor vehicles - 20% on cost

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.

Harrowmend Limited (Registered number: 03801630)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Going concern
The financial statements have been prepared on the going concern basis which assumes that the company will continue as a going concern for the foreseeable future. The validity of this assumption depends on the company making positive net cash flows in the future. The director expects to make positive net cash flows and accordingly the director believes it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 150,440
Additions 12,374
Disposals (874 )
At 31 July 2024 161,940
DEPRECIATION
At 1 August 2023 94,638
Charge for year 14,569
Eliminated on disposal (224 )
At 31 July 2024 108,983
NET BOOK VALUE
At 31 July 2024 52,957
At 31 July 2023 55,802

Harrowmend Limited (Registered number: 03801630)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 47,349
DEPRECIATION
At 1 August 2023 4,191
Charge for year 9,470
At 31 July 2024 13,661
NET BOOK VALUE
At 31 July 2024 33,688
At 31 July 2023 43,158

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 516,483
Additions 7,900
At 31 July 2024 524,383
NET BOOK VALUE
At 31 July 2024 524,383
At 31 July 2023 516,483

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2021 93,254
Cost 431,129
524,383

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 423,229 423,229

The investment property was valued on an open market basis on 31 July 2024 by the directors .

Harrowmend Limited (Registered number: 03801630)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,879 5,556

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,432 8,432
Trade creditors 1,588 2,458
Other creditors 459,045 418,521
469,065 429,411

Other creditors includes £455,845 (2023 - £415,471) due to the director.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,621 14,053

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Fair value movements 7,509 7,509
Accelerated capital allowances 10,201 14,720
Tax losses carried forward (17,710 ) (22,229 )
- -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 August 2023 46,143 90,656 136,799
Deficit for the year (26,996 ) (26,996 )
At 31 July 2024 19,147 90,656 109,803