Company No: 04755639 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Mr M J Hawthorne

REGISTERED OFFICE	Leanne House
	6 Avon Close
	Weymouth
	DT4 9UX
	United Kingdom

COMPANY NUMBER

04755639 (England and Wales)

CHARTERED ACCOUNTANTS	Albert Goodman LLP
	Leanne House
	6 Avon Close
	Weymouth
	Dorset
	DT4 9UX

	Note	2021		2020
		£		£
Fixed assets
Tangible assets	3	170,000		170,000
		170,000		170,000
Current assets
Debtors	4	0		64
Cash at bank and in hand		0		205
		0		269
Creditors
Amounts falling due within one year	5	( 4,234)		( 5,775)
Net current liabilities		(4,234)		(5,506)
Total assets less current liabilities		165,766		164,494
Net assets		165,766		164,494
Capital and reserves
Called-up share capital		210		210
Fair value reserve		42,582		42,580
Profit and loss account		122,974		121,704
Total shareholder's funds		165,766		164,494

For the financial year ending 30 June 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Harbour Construction Dorset Ltd (registered number: 04755639) were approved and authorised for issue by the Director on 30 March 2022. They were signed on its behalf by:

Mr M J Hawthorne Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Harbour Construction Dorset Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rent receivable.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

	2021		2020
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

The company is run and administered by the director of the company for whom no formal contract of service is in place.

3. Tangible assets

	Investment property		Total
	£		£
Cost
At 01 July 2020	170,000		170,000
At 30 June 2021	170,000		170,000
Accumulated depreciation
At 01 July 2020	0		0
At 30 June 2021	0		0
Net book value
At 30 June 2021	170,000		170,000
At 30 June 2020	170,000		170,000

Investment properties

The investment property has been valued at 30 June 2021 by the director who is internal to the company. The basis of valuation was open market valuation.

The class of assets has a current value of £170,000 (2020 £170,000) and a carrying amount of historical cost £127,418 (2020 £127,418). The depreciation on this historical cost is £nil (2020 £nil).

There has been no valuation of investment property by an independent valuer.

4. Debtors

	2021		2020
	£		£
Other debtors	0		64

5. Creditors: amounts falling due within one year

	2021		2020
	£		£
Trade creditors	973		487
Other creditors	3,261		5,288
	4,234		5,775

6. Related party transactions

Transactions with the entity's director

Advances

The Directors loan accounts are repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 July 2020 the balance owed to the director was £4,015. During the year, £8,609 was advanced and £6,222 was repaid. The balance owed to the director as at 30 June 2021 was £1,628.

At 1 July 2019 the balance owed to the director was £848. During the year, £695 was advanced and £3,862 was repaid. The balance owed to the director as at 30 June 2020 was £4,015.