Harmat Limited - Accounts to registrar (filleted) - small 18.2

Harmat Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 02495671 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

HARMAT LIMITED

HARMAT LIMITED (REGISTERED NUMBER: 02495671)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARMAT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2018







DIRECTORS: A W Matthews
Mrs A Matthews





SECRETARY: Mrs A Matthews





REGISTERED OFFICE: 174 West End Lane
West Hampstead
London
NW6 1SD





REGISTERED NUMBER: 02495671 (England and Wales)





ACCOUNTANTS: Civvals Limited
50 Seymour Street
London
W1H 7JG

HARMAT LIMITED (REGISTERED NUMBER: 02495671)

BALANCE SHEET
30 NOVEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,601 2,135
Investment property 4 2,575,000 2,575,000
2,576,601 2,577,135

CURRENT ASSETS
Debtors 5 7,230 4,100
Cash at bank 103,874 86,925
111,104 91,025
CREDITORS
Amounts falling due within one year 6 88,550 107,729
NET CURRENT ASSETS/(LIABILITIES) 22,554 (16,704 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,599,155

2,560,431

PROVISIONS FOR LIABILITIES 318,114 319,548
NET ASSETS 2,281,041 2,240,883

CAPITAL AND RESERVES
Called up share capital 501 501
Fair value reserve 7 1,671,891 1,670,457
Retained earnings 7 608,649 569,925
SHAREHOLDERS' FUNDS 2,281,041 2,240,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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.

HARMAT LIMITED (REGISTERED NUMBER: 02495671)

BALANCE SHEET - continued
30 NOVEMBER 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on 10 July 2019 and were
signed on its behalf by:




A W Matthews - Director



Mrs A Matthews - Director


HARMAT LIMITED (REGISTERED NUMBER: 02495671)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2018


1. STATUTORY INFORMATION

Harmat 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment properties
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 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.

HARMAT LIMITED (REGISTERED NUMBER: 02495671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2018


3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2017
and 30 November 2018 29,979
DEPRECIATION
At 1 December 2017 27,844
Charge for year 534
At 30 November 2018 28,378
NET BOOK VALUE
At 30 November 2018 1,601
At 30 November 2017 2,135

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2017
and 30 November 2018 2,575,000
NET BOOK VALUE
At 30 November 2018 2,575,000
At 30 November 2017 2,575,000

Fair value at 30 November 2018 is represented by:

£   
Valuation in 2001 304,322
Valuation in 2002 75,000
Valuation in 2003 40,526
Valuation in 2006 129,992
Valuation in 2011 196,465
Valuation in 2012 868,700
Valuation in 2014 150,000
Valuation in 2015 225,000
Cost 584,995
2,575,000

HARMAT LIMITED (REGISTERED NUMBER: 02495671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2018


4. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2018 2017
£    £   
Cost 584,995 584,995

Investment properties were valued on an open market basis on 30 November 2018 by A W Matthews, director of the company
.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 5,930 2,855
Prepayments 1,300 1,245
7,230 4,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Tax 9,209 6,120
Directors' current accounts 76,341 93,794
Accruals and deferred income 3,000 7,815
88,550 107,729

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2017 569,925 1,670,457 2,240,382
Profit for the year 40,158 40,158
Unrealised gain on FV reserve (1,434 ) 1,434 -
At 30 November 2018 608,649 1,671,891 2,280,540