Company Registration No. 12361365 (England and Wales)
Harbour Industrial Ltd
Unaudited accounts
for the year ended 31 December 2024
Harbour Industrial Ltd
Unaudited accounts
Contents
Harbour Industrial Ltd
Company Information
for the year ended 31 December 2024
Directors
N R Clemens
B J D Tanner
Company Number
12361365 (England and Wales)
Registered Office
3 Wykeham Close
Ryde
Isle Of Wight
PO33 3ST
United Kingdom
Harbour Industrial Ltd
Statement of financial position
as at 31 December 2024
Investment property
312,135
252,135
Cash at bank and in hand
19,844
19,297
Creditors: amounts falling due within one year
(314,545)
(257,124)
Net current liabilities
(293,548)
(237,827)
Called up share capital
100
100
Profit and loss account
18,487
14,208
Shareholders' funds
18,587
14,308
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
N R Clemens
Director
Company Registration No. 12361365
Harbour Industrial Ltd
Notes to the Accounts
for the year ended 31 December 2024
Harbour Industrial Ltd is a private company, limited by shares, registered in England and Wales, registration number 12361365. The registered office is 3 Wykeham Close, Ryde, Isle Of Wight, PO33 3ST, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
.
Harbour Industrial Ltd
Notes to the Accounts
for the year ended 31 December 2024
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. it also requires management to exercise judgement in applying the Company's accounting policies. In preparing these financial statements, the directors have made the following judgements:
Determine whether there are indicators of impairment of the Company's investment property. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
Fair value at 1 January 2024
252,135
At 31 December 2024
312,135
Amounts falling due within one year
Accrued income and prepayments
1,153
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,004
2,609
Other creditors
149,711
89,711
Loans from directors
163,830
163,830
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).