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REGISTERED NUMBER: 03708019 (England and Wales)















HARVEY'S LEISURE (SOUTH WALES) LTD.

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025






HARVEY'S LEISURE (SOUTH WALES) LTD. (REGISTERED NUMBER: 03708019)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARVEY'S LEISURE (SOUTH WALES) LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2025







DIRECTOR: D R Barton





SECRETARY: L Titarelli





REGISTERED OFFICE: Unit 4
Ponthir Road
Caerleon
Gwent
NP18 3NY





REGISTERED NUMBER: 03708019 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

HARVEY'S LEISURE (SOUTH WALES) LTD. (REGISTERED NUMBER: 03708019)

BALANCE SHEET
31ST JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 11,685 11,185
Investment property 5 518,136 518,136
529,821 529,321

CURRENT ASSETS
Stocks 14,000 14,000
Debtors 6 25,530 29,454
Cash at bank - 5,335
39,530 48,789
CREDITORS
Amounts falling due within one year 7 74,664 80,675
NET CURRENT LIABILITIES (35,134 ) (31,886 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

494,687

497,435

CREDITORS
Amounts falling due after more than one
year

8

494,325

596,363
NET ASSETS/(LIABILITIES) 362 (98,928 )

HARVEY'S LEISURE (SOUTH WALES) LTD. (REGISTERED NUMBER: 03708019)

BALANCE SHEET - continued
31ST JANUARY 2025

2025 2024
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 200,100 200,100
Fair value reserve 10 88,335 88,335
Retained earnings (288,073 ) (387,363 )
SHAREHOLDERS' FUNDS 362 (98,928 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th June 2025 and were signed by:





D R Barton - Director


HARVEY'S LEISURE (SOUTH WALES) LTD. (REGISTERED NUMBER: 03708019)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025

1. STATUTORY INFORMATION

Harvey's Leisure (South Wales) Ltd. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


HARVEY'S LEISURE (SOUTH WALES) LTD. (REGISTERED NUMBER: 03708019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st February 2024 6,900 349,217 3,050 359,167
Additions - 2,455 - 2,455
Disposals - - (650 ) (650 )
At 31st January 2025 6,900 351,672 2,400 360,972
DEPRECIATION
At 1st February 2024 - 347,728 254 347,982
Charge for year - 759 600 1,359
Eliminated on disposal - - (54 ) (54 )
At 31st January 2025 - 348,487 800 349,287
NET BOOK VALUE
At 31st January 2025 6,900 3,185 1,600 11,685
At 31st January 2024 6,900 1,489 2,796 11,185

HARVEY'S LEISURE (SOUTH WALES) LTD. (REGISTERED NUMBER: 03708019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2024
and 31st January 2025 518,136
NET BOOK VALUE
At 31st January 2025 518,136
At 31st January 2024 518,136

Fair value at 31st January 2025 is represented by:
£   
Valuation in 2020 (66,596 )
Valuation in 2024 154,932
Cost 429,800
518,136

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 14,513 18,256
Prepayments 11,017 11,198
25,530 29,454

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 36 -
Covid resilience loan 2,860 2,860
Trade creditors 44,052 55,714
Corporation Tax 1,818 1,818
VAT 19,925 16,313
Other creditors 2,823 970
Accruals and deferred income 3,150 3,000
74,664 80,675

HARVEY'S LEISURE (SOUTH WALES) LTD. (REGISTERED NUMBER: 03708019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Covid resilience loan - 1-2 yr 2,860 2,860
Covid resilience - 2-5 years 8,695 8,581
Covid loan more 5yrs instal - 2,573
Other creditors 155,971 179,096
Directors' loan accounts 326,799 403,253
494,325 596,363

Amounts falling due in more than five years:

Repayable by instalments
Covid loan more 5yrs instal - 2,573

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
200,100 Ordinary £1 200,100 200,100

10. RESERVES
Fair
value
reserve
£   
At 1st February 2024
and 31st January 2025 88,335

11. RELATED PARTY DISCLOSURES

At the end of the year, the company owed D R Barton £326,799 (2024: £403,253).

At the end of the year, the company owed L Tritarelli, the company secretary, £148,572 (2024: £171,697).