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REGISTERED NUMBER: 01482677 (England and Wales)















Harlequin Swimming Pools Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024






Harlequin Swimming Pools Limited (Registered number: 01482677)

Contents of the Financial Statements
for the year ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harlequin Swimming Pools Limited

Company Information
for the year ended 30 November 2024







Directors: M G Kinge
A S Watson
G Etherington





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
London
WC1X 8TA





Registered number: 01482677 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Harlequin Swimming Pools Limited (Registered number: 01482677)

Balance Sheet
30 November 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 266,258 278,618

Current assets
Stocks 116,422 32,842
Debtors 5 257,369 111,684
Cash at bank 346,340 1,221,982
720,131 1,366,508
Creditors
Amounts falling due within one year 6 563,099 232,596
Net current assets 157,032 1,133,912
Total assets less current liabilities 423,290 1,412,530

Creditors
Amounts falling due after more than one
year

7

(202,625

)

-

Provisions for liabilities 8 (53,320 ) (56,740 )
Net assets 167,345 1,355,790

Capital and reserves
Called up share capital 9 1,500 1,500
Retained earnings 165,845 1,354,290
Shareholders' funds 167,345 1,355,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Harlequin Swimming Pools Limited (Registered number: 01482677)

Balance Sheet - continued
30 November 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 30 April 2025 and were signed on its behalf by:




M G Kinge - Director



G Etherington - Director


Harlequin Swimming Pools Limited (Registered number: 01482677)

Notes to the Financial Statements
for the year ended 30 November 2024


1. Statutory information

Harlequin Swimming Pools 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.

2. Accounting policies

Accounting convention
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties held at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Storage outbuildings 15% reducing balance
Plant and machinery15% reducing balance
Fixtures, fittings and equipment 15% reducing balance
Motor vehicles25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell after making provision for slow moving and obsolete stock.

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

Harlequin Swimming Pools Limited (Registered number: 01482677)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' 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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
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.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3. Employees and directors

The average number of employees during the year was 21 (2023 - 17 ) .

Harlequin Swimming Pools Limited (Registered number: 01482677)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


4. Tangible fixed assets
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 December 2023 107,532 181,555 58,144 310,265 657,496
Additions - 4,709 - 41,743 46,452
Disposals - (3,229 ) - - (3,229 )
At 30 November 2024 107,532 183,035 58,144 352,008 700,719
Depreciation
At 1 December 2023 56,494 98,096 46,732 177,556 378,878
Charge for year 7,656 13,001 1,712 35,611 57,980
Eliminated on disposal - (2,397 ) - - (2,397 )
At 30 November 2024 64,150 108,700 48,444 213,167 434,461
Net book value
At 30 November 2024 43,382 74,335 9,700 138,841 266,258
At 30 November 2023 51,038 83,459 11,412 132,709 278,618


5. Debtors
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 216,594 59,924
Other debtors 16,775 11,760
233,369 71,684

Amounts falling due after more than one year:
Other debtors 24,000 40,000

Aggregate amounts 257,369 111,684

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 36,972 57,528
Amounts owed to group undertakings 285,700 18,700
Taxation and social security 231,885 148,184
Other creditors 8,542 8,184
563,099 232,596

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 202,625 -

Harlequin Swimming Pools Limited (Registered number: 01482677)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


8. Provisions for liabilities
2024 2023
£ £
Deferred tax 53,320 56,740

Deferred tax
£
Balance at 1 December 2023 56,740
Provided during year (3,420 )
Balance at 30 November 2024 53,320

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,500 Ordinary £1 1,500 1,500

10. Related party disclosures

Included within other creditors is a balance of £488,325 owed to a related company. In the period interest of £2,625 was charged on this balance.