Harbourside Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04611210 (England and Wales)

Harbourside Investments Limited

Unaudited Financial Statements for the Year Ended 30 April 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T R Baines

A J Rennie

D L Sheehan

A Banks

REGISTERED OFFICE:

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

BUSINESS ADDRESS:

10 Albemarle Street

London

W1S 4HH

REGISTERED NUMBER:

04611210 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

CURRENT ASSETS

Work in progress

6,198,729

111,587

Debtors

4

1,108

9,656

Cash at bank

147

156

6,199,984

121,399

CREDITORS

Amounts falling due within one year

5

6,198,233

117,771

NET CURRENT ASSETS

1,751

3,628

TOTAL ASSETS LESS CURRENT LIABILITIES

1,751

3,628

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,651

3,528

SHAREHOLDERS' FUNDS

1,751

3,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 on 8 January 2020 and were signed on its behalf by:

T R Baines - Director

1.	STATUTORY INFORMATION

Harbourside Investments 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.

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.

Turnover

Turnover represents the recovery of development costs from the client during the period of development excluding VAT.

Profit is taken when it can be accurately determined.

Work in progress

The company carries forward as work in progress all direct and related expenditure in respect of uncompleted contracts for

the development of properties or options on properties, valued at the lower of cost and net realisable value. Where

appropriate, interest on loans specifically relating to a particular development is included as related expenditure. The

company undertakes developments on such terms that it cannot determine profit until the property is complete. Therefore,

no attributable profit is taken on such uncompleted developments. Payments on account received by the company are

deducted from the value of work in progress. Where payments on account exceed the value of work in progress they are

carried forward as creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Other debtors

1,108

9,656

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade creditors

3,244

43,092

Taxation and social security

-

321

Other creditors

6,194,989

74,358

6,198,233

117,771