Harthill Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 12063648 (England and Wales)

Harthill Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N T O'Reilly

Mr S Lovegrove

REGISTERED OFFICE:

Delta 606 Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

REGISTERED NUMBER:

12063648 (England and Wales)

ACCOUNTANTS:

AMS Accountancy Limited

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

FIXED ASSETS

Investments

4

1,145,813

1,145,812

CURRENT ASSETS

Debtors

5

13,723

12,401

Cash at bank

56

1,707

13,779

14,108

CREDITORS

Amounts falling due within one year

6

(1,140,794

)

(1,088,849

)

NET CURRENT LIABILITIES

(1,127,015

)

(1,074,741

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,798

71,071

CREDITORS

Amounts falling due after more than one year

7

-

(66,667

)

NET ASSETS

18,798

4,404

CAPITAL AND RESERVES

Called up share capital

8

200

90

Retained earnings

18,598

4,314

SHAREHOLDERS' FUNDS

18,798

4,404

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2022 and were signed on its behalf by:

Mr S Lovegrove - Director

Mr N T O'Reilly - Director

1.	STATUTORY INFORMATION

Harthill 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 (2021 - NIL ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2021

1,145,812

Additions

1

At 31 August 2022

1,145,813

NET BOOK VALUE

At 31 August 2022

1,145,813

At 31 August 2021

1,145,812

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Harthill Consulting Limited

Registered office: Delta 606 Welton Road, Delta Office Park, Swindon, England, SN5 7XF

Nature of business: Management consultancy activities

%

Class of shares:

holding

Ordinary

100.00

Harthill Partnerships Limited

Registered office: Delta 606 Welton Road, Delta Office Park, Swindon, England, SN5 7XF

Nature of business: Management consultancy activities

%

Class of shares:

holding

Ordinary

70.00

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

13,723

12,401

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

2,385

-

Amounts owed to group undertakings

1,130,565

1,022,149

Taxation and social security

(16

)

(16

)

Other creditors

7,860

66,716

1,140,794

1,088,849

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other creditors

-

66,667

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

200

Ordinary

£1

200

90

110 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

9.	RELATED PARTY DISCLOSURES

An interest free loan has been made to another company of which Mr S Lovegrove is a director. At 31st August 2022 the loan value was £6,150.

An interest free loan has been made to another company of which Mr N O'Reilly is a director. At 31st August 2022 the loan value was £6,150.

Turnover during the year related to amounts invoiced to the Company's subsidiary, Harthill Partnerships Limited, £1,809 was owed to the subsidiary at the year end.

As at 31st August 2022 £1,130,565 (2021 £1,022,148) was owed to the Company's subsidiary, Harthill Consulting Limited,

During the year £8,000 of management charges were invoiced to the Company by Lovegrove Service Limited, a related party by way of common control.