REGISTERED NUMBER: 11499693 (England and Wales)

Harpers Developments Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Harper

D W Harper

REGISTERED OFFICE:

29B Low Startforth Road

Barnard Castle

Co Durham

DL12 9AU

REGISTERED NUMBER:

11499693 (England and Wales)

ACCOUNTANTS:

Addison & Co

Ebor House

91 Galgate

Barnard Castle

Co Durham

DL12 8ES

FIXED ASSETS

Tangible assets

4

38,531

47,750

CURRENT ASSETS

Stocks

2,330,797

1,339,064

Debtors

5

128,432

146,565

Cash at bank

2,417

65,357

2,461,646

1,550,986

CREDITORS

Amounts falling due within one year

6

2,010,762

960,280

NET CURRENT ASSETS

450,884

590,706

TOTAL ASSETS LESS CURRENT LIABILITIES

489,415

638,456

CREDITORS

Amounts falling due after more than one year

7

(2,500

)

(11,700

)

PROVISIONS FOR LIABILITIES

(7,321

)

(9,073

)

NET ASSETS

479,594

617,683

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

479,494

617,583

479,594

617,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 23 December 2025 and were signed on its behalf by:

D W Harper - Director

1.	STATUTORY INFORMATION

Harpers Developments 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

55,957

52,800

2,173

110,930

Additions

-

-

415

415

At 31 March 2025

55,957

52,800

2,588

111,345

DEPRECIATION

At 1 April 2024

30,899

31,712

569

63,180

Charge for year

5,012

4,218

404

9,634

At 31 March 2025

35,911

35,930

973

72,814

NET BOOK VALUE

At 31 March 2025

20,046

16,870

1,615

38,531

At 31 March 2024

25,058

21,088

1,604

47,750

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Corporation tax due from HMRC

118,059

127,797

VAT

8,288

13,895

Prepayments

2,085

4,873

128,432

146,565

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,800

Trade creditors

7,635

39,513

Other loans

415,001

-

Social security and other taxes

2,578

4,975

Directors' current accounts

1,573,448

902,992

Accruals and deferred income

2,100

2,000

2,010,762

960,280

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

2,500

10,800

Bank loans - 2-5 years

-

900

2,500

11,700