The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.
In preparing these financial statements, the director is required to:
select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Harreli Limited is a private company limited by shares incorporated in England and Wales. The registered office is 29 Fontygary Road, Barry, United Kingdom, CF62 3DS.
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 £.
Investment in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
The average monthly number of persons (including directors) employed by the company during the year was:
The company owns 90.48% of the share capital in Chris Davies Estate Agents Limited (Company Number 04513097). Their registered office is Celtic House, Caxton Place, Pentwyn, Cardiff CF23 8HA.
The Director
During the year, the director used the company current account to record amounts due to him and drawn by him. At the year end, the balance owed to the director was £9,759 (2023: £8,678).
Chris Davies Estate Agents Limited
The director shareholder is also a director in Chris Davies Estate Agents Limited, a company which is 90.48% owned by Harreli Limited. During the year, the company received dividends totalling £18,424.62 (2023 : £1,529,046).
The company's controlling party is Harreli Limited and the company's ultimate controlling party is Mr A Fenton.