Registered number
03468699
HARO Investments Limited
Filleted Accounts
30 June 2024
HARO Investments Limited
Registered number: 03468699
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 993,180 994,541
Current assets
Debtors 4 27,532 26,142
Cash at bank and in hand 33,324 33,803
60,856 59,945
Creditors: amounts falling due within one year 5 (41,092) (42,924)
Net current assets 19,764 17,021
Total assets less current liabilities 1,012,944 1,011,562
Creditors: amounts falling due after more than one year 6 (478,000) (474,965)
Provisions for liabilities (23,276) (23,276)
Net assets 511,668 513,321
Capital and reserves
Called up share capital 2 2
Profit and loss account 511,666 513,319
Shareholders' funds 511,668 513,321
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen J Bradley
Director
Approved by the board on 26 March 2025
HARO Investments Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not depreciated
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 987,734 66,605 1,054,339
At 30 June 2024 987,734 66,605 1,054,339
Depreciation
At 1 July 2023 - 59,798 59,798
Charge for the year - 1,361 1,361
At 30 June 2024 - 61,159 61,159
Net book value
At 30 June 2024 987,734 5,446 993,180
At 30 June 2023 987,734 6,807 994,541
4 Debtors 2024 2023
£ £
DPS 22,140 20,750
Other debtors 5,392 5,392
27,532 26,142
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 23,324 20,751
Loans from Directors 825 1,732
Taxation and social security costs 5,326 9,932
Other creditors 11,617 10,509
41,092 42,924
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 478,000 474,965
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 486,486 486,486
The bank loans are secured on the company's investment property.
8 Controlling party
The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.
9 Other information
HARO Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Woodlands
1a Leadhall Drive
Harrogate
North Yorkshire
HG2 9NL
HARO Investments Limited 03468699 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Stephen J Bradley No description of principal activity 03468699 2022-07-01 2023-06-30 03468699 core:WithinOneYear 2023-06-30 03468699 core:AfterOneYear 2023-06-30 03468699 core:ShareCapital 2023-06-30 03468699 core:RetainedEarningsAccumulatedLosses 2023-06-30 03468699 2023-07-01 2024-06-30 03468699 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03468699 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03468699 bus:Director40 2023-07-01 2024-06-30 03468699 core:LandBuildings 2023-07-01 2024-06-30 03468699 core:PlantMachinery 2023-07-01 2024-06-30 03468699 countries:England 2023-07-01 2024-06-30 03468699 bus:FRS102 2023-07-01 2024-06-30 03468699 bus:FilletedAccounts 2023-07-01 2024-06-30 03468699 2024-06-30 03468699 core:WithinOneYear 2024-06-30 03468699 core:AfterOneYear 2024-06-30 03468699 core:ShareCapital 2024-06-30 03468699 core:RetainedEarningsAccumulatedLosses 2024-06-30 03468699 core:LandBuildings 2024-06-30 03468699 core:PlantMachinery 2024-06-30 03468699 2023-06-30 03468699 core:LandBuildings 2023-06-30 03468699 core:PlantMachinery 2023-06-30 iso4217:GBP xbrli:pure