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REGISTERED NUMBER: 04061738 (England and Wales)









GARETH HARPER ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






GARETH HARPER ASSOCIATES LIMITED (REGISTERED NUMBER: 04061738)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARETH HARPER ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr G D Harper
Mrs J F Harper
Miss R C Harper



SECRETARY: Mrs J F Harper



REGISTERED OFFICE: Ryecroft
Rectory Lane
Meonstoke
Southampton
Hampshire
SO32 3NF



REGISTERED NUMBER: 04061738 (England and Wales)



ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
Havant
Hampshire
PO9 1QU



BANKERS: National Westminster Bank plc
4 High Street
Petersfield
Hampshire
GU32 3JF

GARETH HARPER ASSOCIATES LIMITED (REGISTERED NUMBER: 04061738)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 13,316 25,961
Investment property 5 240,000 159,309
253,316 185,270

CURRENT ASSETS
Debtors 6 26,599 26,501
Investments 7 65,890 59,400
Cash at bank 511,706 616,471
604,195 702,372
CREDITORS
Amounts falling due within one year 8 40,013 40,120
NET CURRENT ASSETS 564,182 662,252
TOTAL ASSETS LESS CURRENT
LIABILITIES

817,498

847,522

PROVISIONS FOR LIABILITIES 27,252 10,240
NET ASSETS 790,246 837,282

CAPITAL AND RESERVES
Called up share capital 700 900
Capital redemption reserve (100,800 ) -
Other reserves 71,768 11,250
Retained earnings 818,578 825,132
SHAREHOLDERS' FUNDS 790,246 837,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

GARETH HARPER ASSOCIATES LIMITED (REGISTERED NUMBER: 04061738)

BALANCE SHEET - continued
31 AUGUST 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 27 May 2025 and were signed on its behalf by:





Mr G D Harper - Director


GARETH HARPER ASSOCIATES LIMITED (REGISTERED NUMBER: 04061738)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Gareth Harper Associates 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

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the amount derived from the provision of services falling within the company's ordinary activities, after deduction of any discounts. The revenue is recognised at the point when the company satisfies a performance obligation to a customer as agreed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other 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

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade 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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


GARETH HARPER ASSOCIATES LIMITED (REGISTERED NUMBER: 04061738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 78,820
Additions 599
At 31 August 2024 79,419
DEPRECIATION
At 1 September 2023 52,859
Charge for year 13,244
At 31 August 2024 66,103
NET BOOK VALUE
At 31 August 2024 13,316
At 31 August 2023 25,961

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 159,309
Revaluations 80,691
At 31 August 2024 240,000
NET BOOK VALUE
At 31 August 2024 240,000
At 31 August 2023 159,309

GARETH HARPER ASSOCIATES LIMITED (REGISTERED NUMBER: 04061738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. INVESTMENT PROPERTY - continued

The directors' consider that there has been no change in the fair value of the investment property at 31 August 2024.

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2020 15,000
Valuation in 2024 80,691
Cost 144,309
240,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,954 26,189
Other debtors 645 312
26,599 26,501

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 65,890 59,400

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 724 -
Trade creditors 697 -
Taxation and social security 33,854 31,376
Other creditors 4,738 8,744
40,013 40,120