| Harry Hotspur Holdings Limited |
| Registered number: |
07842786 |
| Abridged Balance Sheet |
| as at 31 December 2021 |
|
| Notes |
|
|
2021 |
|
|
2020 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
104 |
|
|
3,508 |
| Investments |
4 |
|
|
356,403 |
|
|
356,403 |
|
|
|
|
356,507 |
|
|
359,911 |
|
| Current assets |
| Debtors |
|
|
786,000 |
|
|
799,860 |
| Cash at bank and in hand |
|
|
92,242 |
|
|
54,627 |
|
|
|
878,242 |
|
|
854,487 |
|
| Creditors: amounts falling due within one year |
|
|
(76,659) |
|
|
(75,764) |
|
| Net current assets |
|
|
|
801,583 |
|
|
778,723 |
|
| Total assets less current liabilities |
|
|
|
1,158,090 |
|
|
1,138,634 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(448,000) |
|
|
(428,000) |
|
| Net assets |
|
|
|
710,090 |
|
|
710,634 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
685,000 |
|
|
685,000 |
|
| Distributable reserves |
5 |
|
|
25,090 |
|
|
25,634 |
|
| Shareholders' funds |
|
|
|
710,090 |
|
|
710,634 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
| The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. |
|
|
|
| K C Stephenson |
| Director |
| Approved by the board on 26 September 2022 |
|
| Harry Hotspur Holdings Limited |
| Notes to the Abridged Accounts |
| for the year ended 31 December 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 January 2021 |
34,040 |
|
At 31 December 2021 |
34,040 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2021 |
30,532 |
|
Provided during the year |
3,404 |
|
At 31 December 2021 |
33,936 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2021 |
104 |
|
At 31 December 2020 |
3,508 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years. |
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 January 2021 |
356,403 |
|
|
At 31 December 2021 |
356,403 |
|
|
| 5 |
Distributable reserves |
2021 |
|
2020 |
| £ |
£ |
|
|
Capital reserve |
|
|
|
|
- |
|
- |
|
Capital reduction reserve |
|
|
|
|
69,000 |
|
69,000 |
|
|
Profit and loss account |
|
|
|
|
(43,910) |
|
(43,366) |
|
|
|
|
|
|
|
25,090 |
|
25,634 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Harry Hotspur Holdings Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
|
6 Market Place |
|
Alnwick |
|
Northumberland |
|
NE66 1TJ |
