Company Registration No. NI677717 (Northern Ireland)
Hargan Homes Limited
Unaudited accounts
for the year ended 31 March 2023
Hargan Homes Limited
Unaudited accounts
Contents
Hargan Homes Limited
Company Information
for the year ended 31 March 2023
Company Number
NI677717 (Northern Ireland)
Registered Office
Unit 1, Tamar Commercial Centre
Chater Street
Belfast
BT4 1BL
Northern Ireland
Accountants
Gray + Press Accountants Limited
Unit 4A Channel Wharf
21 Old Channel Road
Belfast
BT3 9DE
Hargan Homes Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
8,677
295
Creditors: amounts falling due within one year
(516,970)
(628,634)
Net current assets/(liabilities)
91,599
(1,929)
Net assets/(liabilities)
91,599
(1,929)
Called up share capital
1
1
Profit and loss account
91,598
(1,930)
Shareholders' funds
91,599
(1,929)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 October 2023 and were signed on its behalf by
Stephen Parr
Director
Company Registration No. NI677717
Hargan Homes Limited
Notes to the Accounts
for the year ended 31 March 2023
Hargan Homes Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI677717. The registered office is Unit 1, Tamar Commercial Centre, Chater Street, Belfast, BT4 1BL, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Work in progress
-
620,671
Amounts falling due within one year
Hargan Homes Limited
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
396,402
Trade creditors
36,915
16,266
Taxes and social security
12,504
-
Other creditors
6,653
214,216
7
Transactions with related parties
Included in other debtors are amounts due from entities which the directors have control totaling £586,579 (2022: £0).
Included in other creditors are amounts due to entities which the directors have control totaling £6,653 (2022 - £214,216)
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
