Harcom Holdings Limited - Accounts to registrar (filleted) - small 18.2
Harcom Holdings Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| HARCOM HOLDINGS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2020 |
| HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 January 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| HARCOM HOLDINGS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 January 2020 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Abacus House |
| Newlands Road |
| Corsham |
| Wiltshire |
| SN13 0BH |
| BANKERS: |
| 45 Milson Street |
| Bath |
| BA1 1DU |
| HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869) |
| BALANCE SHEET |
| 31 January 2020 |
| 31/1/20 | 31/1/19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 11 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869) |
| BALANCE SHEET - continued |
| 31 January 2020 |
| 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 |
| HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 January 2020 |
| 1. | STATUTORY INFORMATION |
| Harcom Holdings Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. |
| 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. |
| Operating lease agreements |
| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. |
| Going concern |
| The director has assessed whether the company is a going concern and has considered all available information about the future and is confident of the company's ability to continue as a going concern. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2019 - |
| HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 February 2019 |
| Additions |
| At 31 January 2020 |
| DEPRECIATION |
| At 1 February 2019 |
| Charge for year |
| At 31 January 2020 |
| NET BOOK VALUE |
| At 31 January 2020 |
| At 31 January 2019 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 February 2019 |
| and 31 January 2020 |
| NET BOOK VALUE |
| At 31 January 2020 |
| At 31 January 2019 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 February 2019 |
| Revaluations | 180,000 |
| At 31 January 2020 |
| NET BOOK VALUE |
| At 31 January 2020 |
| At 31 January 2019 |
| Investment property was valued on an open market value for existing use basis on 12 February 2020 by Bruton Knowles on behalf of Nottingham Building Society. |
| The historical cost of investment property is £491,704 |
| HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2020 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/1/20 | 31/1/19 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/1/20 | 31/1/19 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors | ( |
) |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/1/20 | 31/1/19 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 4,407 | 7,715 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31/1/20 | 31/1/19 |
| £ | £ |
| Bank loans |
| 11. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 February 2019 |
| Revaluation reserve | 180,000 |
| At 31 January 2020 |
| 12. | RELATED PARTY DISCLOSURES |
| During the year the company advanced £1,229 (2019 - £1,121) by way of a loan to Harcom Overseas Limited, a subsidiary of the company. A debtor of £721,688 (2019 - £720,460) is outstanding at the year end. |
| HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2020 |
| 13. | POST BALANCE SHEET EVENTS |
| 0n 11 March 2020, the World Health Organization declared a pandemic and the consequence of this on the company is expected to be minimal. |