1 July 2022 false No description of principal activity Taxfiler 2023.10 SC538101business:PrivateLimitedCompanyLtd2022-07-012023-06-30 SC5381012022-06-30 SC5381012022-07-012023-06-30 SC538101business:AuditExemptWithAccountantsReport2022-07-012023-06-30 SC538101business:FilletedAccounts2022-07-012023-06-30 SC5381012023-06-30 SC538101business:Director22022-07-012023-06-30 SC538101business:Director32022-07-012023-06-30 SC538101business:Director42022-07-012023-06-30 SC538101business:Director52022-07-012023-06-30 SC538101business:RegisteredOffice2022-07-012023-06-30 SC5381012022-06-30 SC538101core:WithinOneYear2023-06-30 SC538101core:WithinOneYear2022-06-30 SC538101core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC538101core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 SC538101core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC538101core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 SC538101core:PreviouslyStatedAmount2023-06-30 SC538101core:PreviouslyStatedAmount2022-06-30 SC538101business:SmallEntities2022-07-012023-06-30 SC538101countries:Scotland2022-07-012023-06-30 SC538101core:FurnitureFittings2022-07-012023-06-30 SC538101core:ComputerEquipment2022-07-012023-06-30 SC538101core:FurnitureFittings2022-06-30 SC538101core:ComputerEquipment2022-06-30 SC538101core:FurnitureFittings2023-06-30 SC538101core:ComputerEquipment2023-06-30 SC5381012021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC538101 (Scotland)
Harper McDermott Ltd Unaudited accounts for the year ended 30 June 2023
Harper McDermott Ltd Unaudited accounts Contents
Page
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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
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Harper McDermott Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
51,513 
54,398 
Investments
5,961,990 
5,961,990 
6,013,503 
6,016,388 
Current assets
Debtors
142,187 
105,702 
Cash at bank and in hand
1,793,706 
1,783,886 
1,935,893 
1,889,588 
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 
Capital and reserves
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
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Harper McDermott Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
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 taxation
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 
Depreciation
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 
Net book value
At 30 June 2023
17,858 
33,655 
51,513 
At 30 June 2022
25,130 
29,268 
54,398 
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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.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
46,714 
36,632 
Other debtors
95,473 
69,070 
142,187 
105,702 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
38,202 
29,784 
Trade creditors
168,872 
179,011 
Taxes and social security
617,260 
494,145 
Other creditors
- 
301 
Accruals
705 
4,892 
825,039 
708,133 
8
Controlling party
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).
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