Harry Clarke Holdings Limited - Accounts to registrar (filleted) - small 22.3

Harry Clarke Holdings Limited - Accounts to registrar (filleted) - small 22.3

HARRY CLARKE HOLDINGS LIMITED - Company Information

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REGISTERED NUMBER: 09093181 (England and Wales)














HARRY CLARKE HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






HARRY CLARKE HOLDINGS LIMITED (REGISTERED NUMBER: 09093181)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARRY CLARKE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: R P Clarke
H L Houston-Clarke





REGISTERED OFFICE: 2 Moxon Court
Thurston Road
Northallerton
North Yorkshire
DL6 2NG





REGISTERED NUMBER: 09093181 (England and Wales)





ACCOUNTANTS: BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY
Page 1
HARRY CLARKE HOLDINGS LIMITED (REGISTERED NUMBER: 09093181)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 280,122 280,122
Investment property 5 90,000 90,000
370,122 370,122

CURRENT ASSETS
Debtors 6 7,650 3,825
Cash at bank 7,072 7,317
14,722 11,142
CREDITORS
Amounts falling due within one year 7 322,403 322,151
NET CURRENT LIABILITIES (307,681 ) (311,009 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
62,441
59,113

CREDITORS
Amounts falling due after more than one
year
8
21,043
26,597
NET ASSETS 41,398 32,516

CAPITAL AND RESERVES
Called up share capital 112 112
Fair value reserve 10 6,865 6,865
Retained earnings 34,421 25,539
SHAREHOLDERS' FUNDS 41,398 32,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 notes form part of these financial statements

Page 2 continued...
HARRY CLARKE HOLDINGS LIMITED (REGISTERED NUMBER: 09093181)

BALANCE SHEET - continued
31 MARCH 2022


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 31 January 2023 and were signed on its behalf by:





R P Clarke - Director


The notes form part of these financial statements

Page 3
HARRY CLARKE HOLDINGS LIMITED (REGISTERED NUMBER: 09093181)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Harry Clarke Holdings 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents rental income from property net of VAT.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors and trade creditors.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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.


Page 4 continued...
HARRY CLARKE HOLDINGS LIMITED (REGISTERED NUMBER: 09093181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued
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 NIL (2021 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2021
and 31 March 2022 280,122
NET BOOK VALUE
At 31 March 2022 280,122
At 31 March 2021 280,122

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 90,000
NET BOOK VALUE
At 31 March 2022 90,000
At 31 March 2021 90,000

Investment property was valued by the directors on a fair value basis on 31 March 2020, they believe that valuation had not materially changed as at 31 March 2022.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 7,650 3,825

Page 5 continued...
HARRY CLARKE HOLDINGS LIMITED (REGISTERED NUMBER: 09093181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,554 5,302
Amounts owed to group undertakings 312,939 314,837
Taxation and social security 2,485 637
Other creditors 1,425 1,375
322,403 322,151

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 21,043 26,597

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,749

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 26,597 31,899

Lloyds Bank Plc holds a fixed and floating charge over the property at Unit 3, Omega Business Village, Northallerton; together with a fixed and floating charge over all the property and undertakings of the company.

10. RESERVES
Fair
value
reserve
£   
At 1 April 2021
and 31 March 2022 6,865

Page 6