Harrington Investments (Southern) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07698960 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

FOR

HARRINGTON INVESTMENTS (SOUTHERN) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mrs A L Seaby

W J H Seaby

SECRETARY:

W J H Seaby

REGISTERED OFFICE:

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

REGISTERED NUMBER:

07698960 (England and Wales)

ACCOUNTANTS:

Carter & Coley

Chartered Accountants

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

FIXED ASSETS

Investment property

4

320,000

320,000

CURRENT ASSETS

Debtors

5

175,000

175,000

Cash at bank and in hand

4,632

5,582

179,632

180,582

CREDITORS

Amounts falling due within one year

6

248,493

259,699

NET CURRENT LIABILITIES

(68,861

)

(79,117

)

TOTAL ASSETS LESS CURRENT LIABILITIES

251,139

240,883

PROVISIONS FOR LIABILITIES

8

26,950

26,950

NET ASSETS

224,189

213,933

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

9

224,188

213,932

SHAREHOLDERS' FUNDS

224,189

213,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 and authorised for issue on 16 March 2021 and were signed on its behalf by:

W J H Seaby - Director

1.	STATUTORY INFORMATION

Harrington Investments (Southern) Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income receivable.

Investment property

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.

Investment properties are included at their open market value.

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 2 (2019 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2019

and 31 August 2020

320,000

NET BOOK VALUE

At 31 August 2020

320,000

At 31 August 2019

320,000

Fair value at 31 August 2020 is represented by:

£

Valuation in 2014

101,842

Valuation in 2017

40,000

Cost

178,158

320,000

If investment property had not been revalued it would have been included at the following historical cost:

2020

2019

£

£

Cost

178,158

178,158

The investment property was valued on an open market basis on 31 August 2020 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

175,000

175,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts (see note 7)

18,283

85,000

Corporation tax

2,406

7,824

Other creditors

31

-

Directors' current accounts

227,143

166,275

Accruals and deferred income

630

600

248,493

259,699

7.

LOANS

An analysis of the maturity of loans is given below:

2020

2019

£

£

Amounts falling due within one year or on demand:

Bank loans

18,283

85,000

8.	PROVISIONS FOR LIABILITIES

2020

2019

£

£

Deferred tax

26,950

26,950

Deferred

tax

£

Balance at 1 September 2019

26,950

Balance at 31 August 2020

26,950

9.

RESERVES

Retained

earnings

£

At 1 September 2019

213,932

Profit for the year

10,256

At 31 August 2020

224,188

An amount of £114,892 included in retained reserves arises on the revaluation of investment property and is not part of distributable reserves.

10.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harrington Investments (Southern) Ltd for the year ended 31 August 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Harrington Investments (Southern) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harrington Investments (Southern) Ltd and state those matters that we have agreed to state to the Board of Directors of Harrington Investments (Southern) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harrington Investments (Southern) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Harrington Investments (Southern) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harrington Investments (Southern) Ltd. You consider that Harrington Investments (Southern) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Harrington Investments (Southern) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Carter & Coley

Chartered Accountants

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

16 March 2021