REGISTERED NUMBER: 00694339 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

Harbour Bar Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

G A Alonzi

Secretary:

Mrs T Alonzi

Registered office:

1/2 Sandside

Scarborough

North Yorkshire

YO11 1PE

Registered number:

00694339 (England and Wales)

Senior statutory auditor:

Timothy Jones FCA

Auditors:

Ashby Berry Coulsons Limited

Statutory Auditors

2 Belgrave Crescent

Scarborough

North Yorkshire

YO11 1UB

Fixed assets

Tangible assets

4

587,861

512,562

Current assets

Stocks

47,361

65,459

Debtors

5

33,613

105,932

Cash at bank and in hand

1,842,579

1,666,425

1,923,553

1,837,816

Creditors

Amounts falling due within one year

6

110,483

135,483

Net current assets

1,813,070

1,702,333

Total assets less current liabilities

2,400,931

2,214,895

Provisions for liabilities

30,761

11,014

Net assets

2,370,170

2,203,881

Capital and reserves

Called up share capital

7

100

100

Retained earnings

8

2,370,070

2,203,781

Shareholders' funds

2,370,170

2,203,881

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 25 November 2025 and were signed by:

G A Alonzi - Director

1.	Statutory information

Harbour Bar 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.

Land and buildings

-

12.5% on cost, 5% on cost and 2% on cost

Plant and machinery etc

-

20% on cost, 15% on cost and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grants

Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received, using the performance model.

Going concern

The financial statements have been prepared on a going concern basis because the director believes that no material uncertainties exist. The director has reviewed company's finances and he expects that the income which will be received going forward, together with the company's existing reserves, will be sufficient to enable it to continue as a going concern for a period of at least 12 months from the date of signing of these financial statements.

3.	Employees and directors

The average number of employees during the year was 26 (2024 - 28 ) .

4.	Tangible fixed assets

Fixtures

Freehold

Long

and

Motor

property

leasehold

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 March 2024

432,482

189,361

467,386

3,150

1,092,379

Additions

-

-

101,322

-

101,322

Disposals

-

-

(14,458

)

-

(14,458

)

At 28 February 2025

432,482

189,361

554,250

3,150

1,179,243

Depreciation

At 1 March 2024

64,265

90,778

421,624

3,150

579,817

Charge for year

4,299

1,100

19,875

-

25,274

Eliminated on disposal

-

-

(13,709

)

-

(13,709

)

At 28 February 2025

68,564

91,878

427,790

3,150

591,382

Net book value

At 28 February 2025

363,918

97,483

126,460

-

587,861

At 29 February 2024

368,217

98,583

45,762

-

512,562

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors

33,613

105,932

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

10,781

31,938

Taxation and social security

55,867

68,073

Other creditors

43,835

35,472

110,483

135,483

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

8.

Reserves

Retained

earnings

£

At 1 March 2024

2,203,781

Profit for the year

187,539

Dividends

(21,250

)

At 28 February 2025

2,370,070

9.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Timothy Jones FCA (Senior Statutory Auditor)

for and on behalf of Ashby Berry Coulsons Limited

10.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

G A Alonzi

Balance outstanding at start of year

60,000

-

Amounts advanced

-

100,000

Amounts repaid

(60,000

)

(40,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

60,000

Interest has been paid by the director at the HMRC official average interest rate.

11.	Related party disclosures

The company pays rent to the director and other family members for the premises from which the company trades. Rent of £64,000 (2024: £64,000) was paid during the year.

Dividends were paid to the director and close family members of £21,250 (2024: £21,250).