Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312025-05-06The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0true2023-09-01falseProperty rental1truefalse 13548827 2023-09-01 2024-08-31 13548827 2022-09-01 2023-08-31 13548827 2024-08-31 13548827 2023-08-31 13548827 c:Director1 2023-09-01 2024-08-31 13548827 c:RegisteredOffice 2023-09-01 2024-08-31 13548827 d:CurrentFinancialInstruments 2024-08-31 13548827 d:CurrentFinancialInstruments 2023-08-31 13548827 d:Non-currentFinancialInstruments 2024-08-31 13548827 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 13548827 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13548827 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 13548827 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 13548827 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 13548827 d:ShareCapital 2024-08-31 13548827 d:ShareCapital 2023-08-31 13548827 d:RetainedEarningsAccumulatedLosses 2024-08-31 13548827 d:RetainedEarningsAccumulatedLosses 2023-08-31 13548827 c:FRS102 2023-09-01 2024-08-31 13548827 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13548827 c:FullAccounts 2023-09-01 2024-08-31 13548827 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13548827 2 2023-09-01 2024-08-31 13548827 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 13548827









HARMAN FOLEY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
HARMAN FOLEY LTD
 
 
COMPANY INFORMATION


Director
Timothy Stuart Harman 




Registered number
13548827



Registered office
53 Penn Road

Beaconsfield

Buckinghamshire

HP9 2LW





 
HARMAN FOLEY LTD
REGISTERED NUMBER: 13548827

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
  
1,195,483
1,195,483

  
1,195,483
1,195,483

Current assets
  

Debtors: amounts falling due within one year
 4 
22,600
16,000

Cash at bank and in hand
 5 
91,599
118,802

  
114,199
134,802

Creditors: amounts falling due within one year
 6 
(501,066)
(501,086)

Net current liabilities
  
 
 
(386,867)
 
 
(366,284)

Total assets less current liabilities
  
808,616
829,199

Creditors: amounts falling due after more than one year
 7 
(828,756)
(828,731)

Net (liabilities)/assets
  
(20,140)
468


Capital and reserves
  

Called up share capital 
  
5
5

Profit and loss account
  
(20,145)
463

  
(20,140)
468


The Director considers 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 Director acknowledges his 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 by: 


Page 1

 
HARMAN FOLEY LTD
REGISTERED NUMBER: 13548827
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024


Timothy Stuart Harman
Director
Date: 6 May 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
HARMAN FOLEY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The Company is a limited liability company incorporated in England on 5 August 2021.  Its registered office is situated at 53 Penn Road, Beaconsfield, Buckinghamshire, HP9 2LW. 

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

Rental income is recognised on a straight line basis over the period of the lease.
Management fees are recognised on a straight line basis as the service is provided.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Borrowing costs

Borrowing costs are recognised in profit or loss in the period in which they are incurred while the properties are rented out or where the properties are dormant.  Borrowing costs are capitalised in development costs where the property is in the process of construction or redevelopment.

 
2.6

Taxation

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.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the directors based on current market rents and investment property yields for comparable real estate.  No depreciation is provided.  Changes in fair value are recognised in profit or loss.

Page 3

 
HARMAN FOLEY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
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.


3.


Employees




The average monthly number of employees, including directors, during the year was 0 (2023 - 1).


4.


Debtors

2024
2023
£
£


Other debtors
22,600
16,000

22,600
16,000


Other debtors are in respect of balances due from companies under common control. 


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
91,599
118,802

91,599
118,802


Page 4

 
HARMAN FOLEY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
108

Other creditors
500,566
500,478

Accruals and deferred income
500
500

501,066
501,086


Other creditors represent a loan due to one of the shareholders.  The loan is unsecured, interest free and will not be repaid until the resources of the Company allow.


7.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
828,756

828,756


The bank loan is secured against the investment property and is repayable in 2027.
 


8.


Loans


Analysis of the maturity of loans is given below:


2024
£



Amounts falling due 2-5 years

Bank loans
828,756


Page 5