REGISTERED NUMBER: 00550332 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

HARDING BROS (SHIPPING CONTRACTORS)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

N G Harding

S G Harding

J J Harding

SECRETARY:

N G Harding

REGISTERED OFFICE:

C/O Harding Brothers

Avonmouth Way

Avonmouth

Bristol

BS11 8DD

REGISTERED NUMBER:

00550332 (England and Wales)

ACCOUNTANTS:

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

BANKERS:

HSBC Bank Plc

49 Corn Street

Bristol

BS99 7PP

FIXED ASSETS

Tangible assets

5

1,334,067

1,348,453

CURRENT ASSETS

Debtors

6

7,267

65,331

Cash at bank

233,751

344,868

241,018

410,199

CREDITORS

Amounts falling due within one year

7

(163,382

)

(393,401

)

NET CURRENT ASSETS

77,636

16,798

TOTAL ASSETS LESS CURRENT LIABILITIES

1,411,703

1,365,251

CAPITAL AND RESERVES

Called up share capital

9

2,029

2,029

Share premium

10

372

372

Revaluation reserve

10

1,055,893

1,055,893

Capital redemption reserve

10

2,271

2,271

Retained earnings

10

351,138

304,686

SHAREHOLDERS' FUNDS

1,411,703

1,365,251

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

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

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 2 September 2025 and were signed on its behalf by:

N G Harding - Director

1.	STATUTORY INFORMATION

Harding Bros (Shipping Contractors) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Long leasehold

-

2% on cost

Included in plant and machinery are items of computer equipment which have been depreciated at 33% on cost, all other items of plant and machinery have been depreciated at 25% reducing balance.

Deferred taxation

Deferred taxation is provided for in full in respect of all timing differences that have originated, but are not reversed by the balance sheet date except for: revaluation gains and losses unless, by the balance sheet date, the company has entered into a binding agreement to sell the asset and has revalued the asset to the selling price; and taxable gains arising on revaluations or sales if it is more likely than not that the gain will be rolled over into a replacement asset.

Deferred tax assets are recognised where it is considered more likely than not that future profits will be available for offset.

Revaluation of properties

Leasehold properties are carried at their open market value. A full valuation is undertaken every five years by a firm of independent valuers with an interim valuation in year three.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Long

property

leasehold

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

274,773

1,647,990

1,922,763

DEPRECIATION

At 1 January 2024

-

574,310

574,310

Charge for year

-

14,386

14,386

At 31 December 2024

-

588,696

588,696

NET BOOK VALUE

At 31 December 2024

274,773

1,059,294

1,334,067

At 31 December 2023

274,773

1,073,680

1,348,453

A lease was entered into in 1973 for a 99 year duration. At the balance sheet date there was 50 years remaining.

During 2013 a further leasehold property was acquired under a 1,000 year lease commencing in 1992. At the balance sheet date there was 970 years remaining.

Cost or valuation at 31 December 2024 is represented by:

Freehold

Long

property

leasehold

Totals

£

£

£

Valuation in 1999

-

653,673

653,673

Valuation in 2005

-

275,000

275,000

Cost

274,773

719,317

994,090

274,773

1,647,990

1,922,763

If Leasehold land and buildings had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

719,317

719,317

Aggregate depreciation

(174,534

)

(174,534

)

Value of land in freehold land and buildings

140,086

140,086

The warehouse property was last valued at 31st December 2005 by DTZ Debenham Tie Leung. Since that time the property has been subject to improvement and high levels of maintenance by both the Company and the long term tenant. The tenant signed a 10 year lease agreement in May 2010. Having reviewed the basis of the most recent valuation, the rent currently payable by the tenant and the term of the current lease on the premises, it is the opinion of the directors that the current carrying value is a fair estimate of the open market value of the property and that the costs of performing a full revaluation of the property would be disproportionate to the benefit that would be obtained

During 2013 the company acquired a further leasehold property under a lease of 1,000 years commencing in 1992. The directors consider the value of this property to be equal to its acquisition cost.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,200

63,659

Deferred tax asset

118

144

Prepayments

2,949

1,528

7,267

65,331

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,791

312

Tax

16,805

21,724

Social security and other taxes

5,383

10,054

VAT

13,616

37,523

Other creditors

235

235

Directors' current accounts

110,921

110,921

Accrued expenses

14,631

212,632

163,382

393,401

8.	DEFERRED TAX

£

Balance at 1 January 2024

(144

)

Movement for the year

26

Balance at 31 December 2024

(118

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2,029

Ordinary A shares

£1

2,029

2,029

10.

RESERVES

Capital

Retained

Share

Revaluation

redemption

earnings

premium

reserve

reserve

Totals

£

£

£

£

£

At 1 January 2024

304,686

372

1,055,893

2,271

1,363,222

Profit for the year

46,452

46,452

At 31 December 2024

351,138

372

1,055,893

2,271

1,409,674

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have rights accruing under a company pension scheme.

Mr N G Harding is also a director of Harding Brothers Retail Limited. During the year Harding Bros (Shipping Contractors) Limited recharged goods and services to them. As at 31 December 2024 Harding Brothers Retail Limited owed the company £89,237 (2023 - £59,459) this is included within trade debtors.

12.	ULTIMATE CONTROLLING PARTY

Mr N G Harding a director, controlled the company by virtue of an interest of 80% of the issued ordinary voting share capital in the company

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harding Bros (Shipping Contractors) Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Harding Bros (Shipping Contractors) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harding Bros (Shipping Contractors) Limited and state those matters that we have agreed to state to the Board of Directors of Harding Bros (Shipping Contractors) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harding Bros (Shipping Contractors) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Harding Bros (Shipping Contractors) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harding Bros (Shipping Contractors) Limited. You consider that Harding Bros (Shipping Contractors) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Harding Bros (Shipping Contractors) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

2 September 2025