Harlequin (Stockport) Limited - Filleted accounts

Registered number

03309660

Harlequin (Stockport) Limited

Filleted Accounts

31 March 2025

Harlequin (Stockport) Limited
Registered number:		03309660
Balance Sheet
as at 31 March 2025
Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		177,567			191,606

Current assets
Stocks		436,795			722,942
Debtors	4	223,930			198,783
Cash at bank and in hand		161,511			117,854
		822,236			1,039,579

Creditors: amounts falling due within one year	5	(645,856)			(869,862)

Net current assets			176,380			169,717

Total assets less current liabilities			353,947			361,323

Creditors: amounts falling due after more than one year	6		(127,137)			(106,047)
Provisions for liabilities			(8,537)			(5,135)

Net assets			218,273			250,141

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			217,273			249,141

Shareholders' funds			218,273			250,141

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

Director's responsibilities
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Abdol Reza Mansour Dehghan
Director
Approved by the board on 9 December 2025


The annexed notes form part of these financial statements.

Harlequin (Stockport) Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	10% Reducing balance
	Motor Vehicles	15% Reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			22		22


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	284,718		138,014		422,732
	Additions	(3,834)		-		(3,834)
	At 31 March 2025	280,884		138,014		418,898

	Depreciation
	At 1 April 2024	195,168		35,958		231,126
	Charge for the year	-		10,205		10,205
	At 31 March 2025	195,168		46,163		241,331

	Net book value
	At 31 March 2025	85,716		91,851		177,567
	At 31 March 2024	89,550		102,056		191,606


4	Debtors			2025		2024
£					£

	Trade debtors			225,722		174,843
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			-		15,851
	Other debtors			(1,792)		8,089
				223,930		198,783


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			29,113		29,113
	Obligations under finance lease and hire purchase contracts			-		30,080
	Trade creditors			575,768		755,958
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			(15,851)		-
	Taxation and social security costs			30,497		28,355
	Other creditors			26,329		26,356
				645,856		869,862


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			6,337		48,734
	Obligations under finance lease and hire purchase contracts			120,800		57,313
				127,137		106,047


7	Controlling party

	Apadana Limited, a company controlled by Mr Abdol Reza Mansour Dehghan (Director), Mrs Lucy Mary Mansour Dehghan and family, controls 80% of the company's issued share capital. Apadana Limited's registered office is Rohans House, 2 Park Lane, Hale, Cheshire, WA15 9JS & the company is incorporated in England. It is not required to prepare consolidated accounts as the group which it heads qualifies as a small group under the provisions of Section 383 of the Companies Act 2006.


8	Other information

	Harlequin (Stockport) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Units 3-4 Tilson Road
	Roundthorn Industrial Estate
	Wythenshawe
	Manchester
	M23 9GF