REGISTERED NUMBER: 12017319 (England and Wales)

HARCOURT (LINCS) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

Mrs T A R Shippey

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

REGISTERED NUMBER:

12017319 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Tangible assets

4

17,720

22,150

Investment property

5

1,079,999

1,079,999

1,097,719

1,102,149

CURRENT ASSETS

Debtors

6

2,458

-

Cash at bank

12,756

12,074

15,214

12,074

CREDITORS

Amounts falling due within one year

7

198,788

229,134

NET CURRENT LIABILITIES

(183,574

)

(217,060

)

TOTAL ASSETS LESS CURRENT LIABILITIES

914,145

885,089

CREDITORS

Amounts falling due after more than one year

8

920,387

920,890

NET LIABILITIES

(6,242

)

(35,801

)

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(6,244

)

(35,803

)

SHAREHOLDERS' FUNDS

(6,242

)

(35,801

)

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 director acknowledges her 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 director and authorised for issue on 24 December 2025 and were signed by:

Mrs T A R Shippey - Director

1.	STATUTORY INFORMATION

Harcourt (Lincs) Ltd 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.	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 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.

Plant and machinery etc

-

20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

34,256

DEPRECIATION

At 1 April 2024

12,106

Charge for year

4,430

At 31 March 2025

16,536

NET BOOK VALUE

At 31 March 2025

17,720

At 31 March 2024

22,150

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,079,999

NET BOOK VALUE

At 31 March 2025

1,079,999

At 31 March 2024

1,079,999

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

(6,491

)

Cost

1,086,490

1,079,999

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments and accrued income

2,458

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,096

1,020

Trade creditors

5,538

4,013

Taxation

39

-

Other creditors

74,358

184,950

Directors' current accounts

115,565

36,963

Accrued expenses and deferred

income

2,192

2,188

198,788

229,134

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

2,181

1,096

Bank loans - 2-5 years

-

1,599

Bank loans more 5 yrs non-inst

918,206

918,195

920,387

920,890

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

918,206

918,195

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£0.02

2

2

10.	GOING CONCERN

The company incurred a net profit after taxation of £29,559 during the year (2024 - £31,991 loss).

At the statement of financial position date the company had net liabilities of £6,242 (2024 - £35,801).

The financial statements have been prepared on a going concern basis, the validity of which, depends on the continued support of the creditors and related parties, which the directors expect to continue for the foreseeable future.