Harvest Property Company Ltd - Accounts to registrar (filleted) - small 18.2
Harvest Property Company Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018 |
| FOR |
| HARVEST PROPERTY COMPANY LTD |
| HARVEST PROPERTY COMPANY LTD (REGISTERED NUMBER: 03579683) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| HARVEST PROPERTY COMPANY LTD |
| COMPANY INFORMATION |
| for the Year Ended 30 June 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 42-44 Nottingham Road |
| Mansfield |
| Nottinghamshire |
| NG18 1BL |
| HARVEST PROPERTY COMPANY LTD (REGISTERED NUMBER: 03579683) |
| BALANCE SHEET |
| 30 June 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Non distributable profit reserve | 8 |
| Retained earnings | ( |
) | ( |
) |
| 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. |
| HARVEST PROPERTY COMPANY LTD (REGISTERED NUMBER: 03579683) |
| BALANCE SHEET - continued |
| 30 June 2018 |
| 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 on |
| HARVEST PROPERTY COMPANY LTD (REGISTERED NUMBER: 03579683) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2018 |
| 1. | STATUTORY INFORMATION |
| Harvest Property Company Ltd is a |
| 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 |
| 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 |
| Plant and machinery etc | - |
| Investment properties are measured at fair value on an annual basis. The profit and loss on revaluation is taken |
| to the profit and loss account less any provision for deferred tax on revaluation. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| HARVEST PROPERTY COMPANY LTD (REGISTERED NUMBER: 03579683) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 July 2017 |
| Additions |
| Revaluations |
| At 30 June 2018 |
| DEPRECIATION |
| At 1 July 2017 |
| Charge for year |
| At 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| The freehold and long leasehold properties (historical cost £3,721,330) are included at the director's estimate |
| of market value as at 30 June 2018, which are based on valuations carried out by the organisations who have |
| advanced the loans secured against the various properties, adjusted by the seasonal regional quarterly house |
| price calculator produced by the Nationwide Building Society. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Social security and other taxes |
| Other creditors |
| Directors' loan accounts |
| Accrued expenses |
| HARVEST PROPERTY COMPANY LTD (REGISTERED NUMBER: 03579683) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2018 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans - 2-5 years |
| Bank loans due after more than five years repayable by instalments |
| Bank loans due after more than five years not repayable by instalments |
3,078,629 |
3,156,636 |
| Other loans - 2-5 years |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans due after more than five years not repayable by instalments |
3,078,629 |
3,156,636 |
| Repayable by instalments |
| Bank loans due after more than five years repayable by instalments |
1,174,748 |
1,097,175 |
| 8. | RESERVES |
| Non |
| distributable |
| profit |
| reserve |
| £ |
| At 1 July 2017 |
| Revaluation in the year | 102,150 |
| At 30 June 2018 |