Harrington Investments (Southern) Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07698960 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

HARRINGTON INVESTMENTS (SOUTHERN) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

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

350,000

350,000

CURRENT ASSETS

Debtors

5

-

200,825

Cash at bank and in hand

3,969

4,910

3,969

205,735

CREDITORS

Amounts falling due within one year

6

25,052

226,417

NET CURRENT LIABILITIES

(21,083

)

(20,682

)

TOTAL ASSETS LESS CURRENT LIABILITIES

328,917

329,318

PROVISIONS FOR LIABILITIES

7

32,650

32,650

NET ASSETS

296,267

296,668

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8

296,266

296,667

SHAREHOLDERS' FUNDS

296,267

296,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 22 May 2024 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 (2022 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2022

and 31 August 2023

350,000

NET BOOK VALUE

At 31 August 2023

350,000

At 31 August 2022

350,000

Fair value at 31 August 2023 is represented by:

£

Valuation in 2014

101,842

Valuation in 2017

40,000

Valuation in 2022

30,000

Cost

178,158

350,000

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

2023

2022

£

£

Cost

178,158

178,158

The investment property was valued on an open market basis on 31 August 2023 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

-

200,000

Prepayments and accrued income

-

825

-

200,825

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

-

18,283

Taxation and social security

150

1,307

Other creditors

24,902

206,827

25,052

226,417

7.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

32,650

32,650

Deferred

tax

£

Balance at 1 September 2022

32,650

Balance at 31 August 2023

32,650

8.

RESERVES

Retained

earnings

£

At 1 September 2022

296,667

Deficit for the year

(401

)

At 31 August 2023

296,266

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

9.	RELATED PARTY DISCLOSURES