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Company Registration No. 11550586 (England and Wales)
HARICO HOMES LIMITED Unaudited accounts for the year ended 30 September 2024
HARICO HOMES LIMITED Unaudited accounts Contents
Page
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HARICO HOMES LIMITED Company Information for the year ended 30 September 2024
Director
WAYNE DAVID HARRISON
Company Number
11550586 (England and Wales)
Registered Office
Sackville Place Business Centre 44-48 Magdalen Street Norwich Norfolk NR3 1JU United Kingdom
Accountants
ATF TAX CONSULTANCY LTD Sackville Place 44-48 Magdalen Steet Norwich Norfolk NR3 1JU
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HARICO HOMES LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
71,937 
84,849 
Investment property
400,000 
- 
471,937 
84,849 
Current assets
Inventories
1,237,410 
1,416,231 
Debtors
77,936 
24,092 
Cash at bank and in hand
256,006 
127,743 
1,571,352 
1,568,066 
Creditors: amounts falling due within one year
(420,017)
(224,148)
Net current assets
1,151,335 
1,343,918 
Total assets less current liabilities
1,623,272 
1,428,767 
Creditors: amounts falling due after more than one year
(770,229)
(1,141,102)
Provisions for liabilities
Deferred tax
(921)
(3,085)
Net assets
852,122 
284,580 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
852,112 
284,570 
Shareholders' funds
852,122 
284,580 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 June 2025 and were signed on its behalf by
WAYNE DAVID HARRISON Director Company Registration No. 11550586
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HARICO HOMES LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
HARICO HOMES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11550586. The registered office is Sackville Place Business Centre, 44-48 Magdalen Street, Norwich, Norfolk, NR3 1JU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
15% on reducing balance
Fixtures & fittings
25% on reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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HARICO HOMES LIMITED Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
29,000 
80,774 
5,801 
115,575 
At 30 September 2024
29,000 
80,774 
5,801 
115,575 
Depreciation
At 1 October 2023
4,350 
22,410 
3,966 
30,726 
Charge for the year
3,698 
8,755 
459 
12,912 
At 30 September 2024
8,048 
31,165 
4,425 
43,638 
Net book value
At 30 September 2024
20,952 
49,609 
1,376 
71,937 
At 30 September 2023
24,650 
58,364 
1,835 
84,849 
5
Investment property
2024 
£ 
Additions
400,000 
At 30 September 2024
400,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
7,936 
24,092 
Other debtors
70,000 
- 
77,936 
24,092 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
16,086 
- 
Trade creditors
49,818 
79,350 
Taxes and social security
321,684 
102,187 
Loans from directors
32,429 
42,611 
420,017 
224,148 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
357,670 
601,966 
Obligations under finance leases and hire purchase contracts
53,535 
76,612 
Amounts owed to group undertakings and other participating interests
359,024 
462,524 
770,229 
1,141,102 
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HARICO HOMES LIMITED Notes to the Accounts for the year ended 30 September 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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