Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mr C R Hickling 02/06/2014 24 March 2025 The principal activity of the Company during the financial year was to purchase, develop and renting of commercial and residential property. 09065674 2024-06-30 09065674 bus:Director1 2024-06-30 09065674 2023-06-30 09065674 core:CurrentFinancialInstruments 2024-06-30 09065674 core:CurrentFinancialInstruments 2023-06-30 09065674 core:ShareCapital 2024-06-30 09065674 core:ShareCapital 2023-06-30 09065674 core:RetainedEarningsAccumulatedLosses 2024-06-30 09065674 core:RetainedEarningsAccumulatedLosses 2023-06-30 09065674 bus:OrdinaryShareClass1 2024-06-30 09065674 2023-07-01 2024-06-30 09065674 bus:FilletedAccounts 2023-07-01 2024-06-30 09065674 bus:SmallEntities 2023-07-01 2024-06-30 09065674 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 09065674 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09065674 bus:Director1 2023-07-01 2024-06-30 09065674 2022-07-01 2023-06-30 09065674 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 09065674 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09065674 (England and Wales)

HARROWBY PROPERTY LTD

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

HARROWBY PROPERTY LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

HARROWBY PROPERTY LTD

BALANCE SHEET

As at 30 June 2024
HARROWBY PROPERTY LTD

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 890,000 890,000
890,000 890,000
Creditors: amounts falling due within one year 4 ( 784,280) ( 778,523)
Net current liabilities (784,280) (778,523)
Total assets less current liabilities 105,720 111,477
Provision for liabilities ( 38,000) ( 38,000)
Net assets 67,720 73,477
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account 67,719 73,476
Total shareholder's funds 67,720 73,477

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 Harrowby Property LTD (registered number: 09065674) were approved and authorised for issue by the Director on 24 March 2025. They were signed on its behalf by:

Mr C R Hickling
Director
HARROWBY PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
HARROWBY PROPERTY 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

Harrowby Property 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 and principal place of business is Thatcher House, Ilsham Marine Drive, Torquay, TQ1 2HT, 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 represents rent received from residential properties.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Investment property

Investment property
£
Valuation
As at 01 July 2023 890,000
As at 30 June 2024 890,000

Valuation

The investment properties were valued on 30 June 2024 by the director who is internal to the company. The basis of this valuation was open market value.

There has been no valuation of investment property by an independent valuer.

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to director 569,924 579,287
Accruals 211,651 194,335
Taxation and social security 2,705 4,900
Other creditors 0 1
784,280 778,523

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

RESERVES:

As at 30 June 2024 the profit and loss account included £164,585 (2023: £164,585) of non-distributable reserves. This relates to the revaluation surplus less deferred tax.