Harefield Place Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04780378 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2017

for

Harefield Place Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

H Zeineddine

SECRETARY:

REGISTERED OFFICE:

c/o Smith & Williamson LLP

3rd Floor

9 Colmore Row

Birmingham

B3 2BJ

REGISTERED NUMBER:

04780378 (England and Wales)

ACCOUNTANTS:

LJT Financial Management Limited

The Old School

School Lane

Blymhill

Staffordshire

TF11 8LJ

CURRENT ASSETS

Stocks

-

10,144,915

Debtors

4

6,262,166

116,843

Cash at bank

35,313

19,914

6,297,479

10,281,672

CREDITORS

Amounts falling due within one year

5

3,480,334

9,042,950

NET CURRENT ASSETS

2,817,145

1,238,722

TOTAL ASSETS LESS CURRENT LIABILITIES

2,817,145

1,238,722

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,817,144

1,238,721

SHAREHOLDERS' FUNDS

2,817,145

1,238,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 August 2018 and were signed by:

H Zeineddine - Director

1.	STATUTORY INFORMATION

Harefield Place Properties 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs

in bringing stocks to their present location and condition.

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 NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

as restated

£

£

Other debtors

6,262,166

116,843

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

as restated

£

£

Bank loans and overdrafts

-

5,746,951

Trade creditors

-

130,044

Other creditors

3,480,334

3,165,955

3,480,334

9,042,950

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2017 and the

period ended 30 November 2016:

30.11.17

30.11.16

as restated

£

£

H Zeineddine

Balance outstanding at start of year

(420,000

)

-

Amounts advanced

(114,956

)

(420,000

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(534,956

)

(420,000

)

7.	RELATED PARTY DISCLOSURES