Company Registration No. SC538101 (Scotland)
Harper McDermott Ltd
Unaudited accounts
for the year ended 30 June 2023
Harper McDermott Ltd
Unaudited accounts
Contents
Harper McDermott Ltd
Company Information
for the year ended 30 June 2023
Directors
J P Kelly
M Sommerville
T Fox
C Sweenie
Company Number
SC538101 (Scotland)
Registered Office
1st floor, The Reel House
7 West Regent Street
Glasgow
G2 1RW
Accountants
Assenti & Noble Ltd
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
Harper McDermott Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
51,513
54,398
Investments
5,961,990
5,961,990
Cash at bank and in hand
1,793,706
1,783,886
Creditors: amounts falling due within one year
(825,039)
(708,133)
Net current assets
1,110,854
1,181,455
Total assets less current liabilities
7,124,357
7,197,843
Provisions for liabilities
Deferred tax
(12,591)
(10,069)
Net assets
7,111,766
7,187,774
Called up share capital
1
1
Profit and loss account
7,111,765
7,187,773
Shareholders' funds
7,111,766
7,187,774
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by
T Fox
Director
Company Registration No. SC538101
Harper McDermott Ltd
Notes to the Accounts
for the year ended 30 June 2023
Harper McDermott Ltd is a private company, limited by shares, registered in Scotland, registration number SC538101. The registered office is 1st floor, The Reel House, 7 West Regent Street, Glasgow, G2 1RW.
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
59,136
44,309
103,445
Additions
8,127
13,083
21,210
At 30 June 2023
67,263
57,392
124,655
At 1 July 2022
34,006
15,041
49,047
Charge for the year
15,399
8,696
24,095
At 30 June 2023
49,405
23,737
73,142
At 30 June 2023
17,858
33,655
51,513
At 30 June 2022
25,130
29,268
54,398
Harper McDermott Ltd
Notes to the Accounts
for the year ended 30 June 2023
5
Investments
Subsidiary undertakings
Valuation at 1 July 2022
5,961,990
Valuation at 30 June 2023
5,961,990
The company's investment represents the cost of acquisition of the whole of the ordinary share capital of Kelsom Financial Limited and Creditsolv Ltd.
Amounts falling due within one year
Accrued income and prepayments
46,714
36,632
Other debtors
95,473
69,070
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
168,872
179,011
Taxes and social security
617,260
494,145
The company is wholly owned by Trident Trust Company Limited, which has its registered office in Jersey, in its capacity as trustee of the Harper McDermott Limited Employee Ownership Trust.
9
Average number of employees
During the year the average number of employees was 59 (2022: 48).