HARTHAM PARK MINERALS LIMITED

HARTHAM PARK MINERALS LIMITED

HARTHAM PARK MINERALS LIMITED - Company Information

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HARTHAM PARK MINERALS LIMITED

Company Registration Number:
10851612 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

HARTHAM PARK MINERALS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

HARTHAM PARK MINERALS LIMITED

Balance sheet

As at 31 December 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 1,245,378 886,076
Total fixed assets: 1,245,378 886,076
Current assets
Debtors:   305 6,762
Cash at bank and in hand: 180,727 26
Total current assets: 181,032 6,788
Creditors: amounts falling due within one year:   (1,452,285) (895,592)
Net current assets (liabilities): (1,271,253) (888,804)
Total assets less current liabilities: (25,875) (2,728)
Total net assets (liabilities): (25,875) (2,728)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (25,876) (2,729)
Shareholders funds: (25,875) (2,728)

The notes form part of these financial statements

HARTHAM PARK MINERALS LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2022
and signed on behalf of the board by:

Name: Michael Roddy
Status: Director

The notes form part of these financial statements

HARTHAM PARK MINERALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised to the extent that it is probable that the economic benefits will flow to theCompany and the revenue can be reliably measured. Revenue is measured as the fair value of theconsideration received or receivable, excluding discounts, rebates, value added tax and other salestaxes. The following criteria must also be met before revenue is recognised:Rendering of servicesRevenue from a contract to provide services is recognised in the period in which the services areprovided in accordance with the stage of completion of the contract when all of the followingconditions are satisfied:- the amount of revenue can be measured reliably;- it is probable that the Company will receive the consideration due under the contract;- the stage of completion of the contract at the end of the reporting period can be measuredreliably; and- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulateddepreciation and any accumulated impairment losses. Historical cost includes expenditure that isdirectly attributable to bringing the asset to the location and condition necessary for it to be capable ofoperating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over theirestimated useful lives, on a reducing balance and straight line basis.Depreciation is provided on the following basis:Freehold property - Straight line over the life of the planningpermission of the mine and none is chargedbefore the mine is ready for use.Plant and machinery - 20% reducing balanceAssets under construction - No depreciation is due for these assets untilthey have been completed and transferred torelevant fixed asset class.The assets' residual values, useful lives and depreciation methods are reviewed, and adjustedprospectively if appropriate, or if there is an indication of a significant change since the last reportingdate.Gains and losses on disposals are determined by comparing the proceeds with the carrying amountand are recognised in profit or loss.

Intangible fixed assets and amortisation policy

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangibleassets are measured at cost less any accumulated amortisation and any accumulated impairmentlosses.All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful lifecannot be made, the useful life shall not exceed ten years.The estimated useful lives range as follows:Goodwill - Fully amortised in the first year.

Other accounting policies

DebtorsShort term debtors are measured at transaction price, less any impairment. Loans receivable aremeasured initially at fair value, net of transaction costs, and are measured subsequently at amortisedcost using the effective interest method, less any impairment.Cash and cash equivalentsCash is represented by cash in hand and deposits with financial institutions repayable without penaltyon notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in nomore than three months from the date of acquisition and that are readily convertible to knownamounts of cash with insignificant risk of change in value.CreditorsShort term creditors are measured at the transaction price. Other financial liabilities, including bankloans, are measured initially at fair value, net of transaction costs, and are measured subsequently atamortised cost using the effective interest method.

HARTHAM PARK MINERALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 0 0

HARTHAM PARK MINERALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible Assets

Total
Cost £
At 01 January 2021 889,910
Additions 510,028
Disposals (150,000)
At 31 December 2021 1,249,938
Depreciation
At 01 January 2021 3,834
Charge for year 726
At 31 December 2021 4,560
Net book value
At 31 December 2021 1,245,378
At 31 December 2020 886,076

HARTHAM PARK MINERALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Related party transactions

Name of the related party: Great Tew Properties Ltd
Relationship:
Under the control of Mr N M M Johnston
Description of the Transaction: During the year the company sold assets totalling £150,000 (2020: £Nil). This company was under the common control of Mr N M M Johnston. Balance of £Nil (2020: £Nil) was due at the year end.
£
Balance at 01 January 2021 0
Balance at 31 December 2021 0
Name of the related party: GTBH Ltd
Relationship:
The Company is under common control of Mr N M M Johnston
Description of the Transaction: During the year the company paid management charges to GTBH Ltd. Total value of management charges totalled £4,127 (2020: £3,403). The company is under common control of Mr N M M Johnston, the sole Director of the company. Balance of £445 (2020: £1,563) is outstanding to GTBH Ltd at the year end. The balance is included within creditors due within one year.
£
Balance at 01 January 2021 1,563
Balance at 31 December 2021 445