Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-3122023-09-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03096069 2023-09-01 2024-08-31 03096069 2022-09-01 2023-08-31 03096069 2024-08-31 03096069 2023-08-31 03096069 2022-09-01 03096069 c:Director1 2023-09-01 2024-08-31 03096069 d:PlantMachinery 2023-09-01 2024-08-31 03096069 d:PlantMachinery 2024-08-31 03096069 d:PlantMachinery 2023-08-31 03096069 d:LeaseholdInvestmentProperty 2023-09-01 2024-08-31 03096069 d:LeaseholdInvestmentProperty 2024-08-31 03096069 d:LeaseholdInvestmentProperty 2023-08-31 03096069 d:CurrentFinancialInstruments 2024-08-31 03096069 d:CurrentFinancialInstruments 2023-08-31 03096069 d:Non-currentFinancialInstruments 2024-08-31 03096069 d:Non-currentFinancialInstruments 2023-08-31 03096069 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 03096069 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 03096069 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 03096069 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 03096069 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-08-31 03096069 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 03096069 d:ShareCapital 2024-08-31 03096069 d:ShareCapital 2023-08-31 03096069 d:OtherMiscellaneousReserve 2023-09-01 2024-08-31 03096069 d:OtherMiscellaneousReserve 2024-08-31 03096069 d:OtherMiscellaneousReserve 2023-08-31 03096069 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 03096069 d:RetainedEarningsAccumulatedLosses 2024-08-31 03096069 d:RetainedEarningsAccumulatedLosses 2023-08-31 03096069 c:FRS102 2023-09-01 2024-08-31 03096069 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03096069 c:FullAccounts 2023-09-01 2024-08-31 03096069 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03096069 d:TaxLossesCarry-forwardsDeferredTax 2024-08-31 03096069 d:TaxLossesCarry-forwardsDeferredTax 2023-08-31 03096069 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 03096069









HAROLD WOOD PROPERTIES LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
HAROLD WOOD PROPERTIES LIMITED
REGISTERED NUMBER: 03096069

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
7

Investment property
 5 
578,913
576,335

  
578,913
576,342

Current assets
  

Debtors: amounts falling due within one year
 6 
11,871
18,895

Cash at bank and in hand
 7 
7,490
7,611

  
19,361
26,506

Creditors: amounts falling due within one year
 8 
(202,683)
(151,436)

Net current liabilities
  
 
 
(183,322)
 
 
(124,930)

Total assets less current liabilities
  
395,591
451,412

Creditors: amounts falling due after more than one year
 9 
-
(34,230)

Provisions for liabilities
  

Deferred tax
 11 
(66,076)
(66,076)

Net assets
  
329,515
351,106


Capital and reserves
  

Called up share capital 
  
2
2

Non-distributable profit reserve
 12 
367,107
367,107

Profit and loss account
 12 
(37,594)
(16,003)

  
329,515
351,106

Page 1

 
HAROLD WOOD PROPERTIES LIMITED
REGISTERED NUMBER: 03096069
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2025.




Mr D J Evans
Director

Page 2

 
HAROLD WOOD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Harold Wood Properties Limited is a company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN. The principal activity of the company was that of property investors. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
HAROLD WOOD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
HAROLD WOOD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 -2).

Page 5

 
HAROLD WOOD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Plant and Machinery

£





At 1 September 2023
355


Disposals
(355)



At 31 August 2024

-





At 1 September 2023
348


Disposals
(348)



At 31 August 2024

-



Net book value



At 31 August 2024
-



At 31 August 2023
7

Page 6

 
HAROLD WOOD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Investment property


Long term Leasehold investment property

£



Valuation


At 1 September 2023
576,335


Additions at cost
2,578



At 31 August 2024
578,913

The 2024 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
143,152
143,152


6.


Debtors

2024
2023
£
£


Prepayments and accrued income
11,871
18,895



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,490
7,611


Page 7

 
HAROLD WOOD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
112
91

Other creditors
200,393
149,269

Accruals and deferred income
2,178
2,076

202,683
151,436



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
34,230



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
-
34,230

Page 8

 
HAROLD WOOD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

11.


Deferred taxation




2024
2023


£

£






At beginning of year
(66,076)
(55,626)


Charged to profit or loss
-
(10,450)



At end of year
(66,076)
(66,076)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Investment property revaluation
(66,076)
(66,076)


12.


Reserves

Non-distributable profit reserve

Non-distributable reserves relating to the unrealised gain or loss on fair value adjustment of investment properties.
Deferred tax has been provided on the revaluation of investment properties.

Profit and loss account

Includes all current and prior period retained profits and losses.
 
Page 9