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Unaudited Financial Statements

for the Period 1 November 2021 to 31 March 2023

for

Harestone Management Services Limited

Harestone Management Services Limited (Registered number: 01838613)

Contents of the Financial Statements
for the Period 1 November 2021 to 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Harestone Management Services Limited

Company Information
for the Period 1 November 2021 to 31 March 2023







DIRECTORS: M L Redman
Mrs S L Redman





SECRETARY: M L Redman





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 01838613 (England and Wales)





ACCOUNTANTS: Williams & Co
Chartered Accountants
8/10 South Street
Epsom
Surrey
KT18 7PF

Harestone Management Services Limited (Registered number: 01838613)

Balance Sheet
31 March 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,619 105,938

CURRENT ASSETS
Debtors 5 368 10
Cash at bank 470 206
838 216
CREDITORS
Amounts falling due within one year 6 34,391 46,173
NET CURRENT LIABILITIES (33,553 ) (45,957 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,066

59,981

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 29,966 59,881
SHAREHOLDERS' FUNDS 30,066 59,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





M L Redman - Director


Harestone Management Services Limited (Registered number: 01838613)

Notes to the Financial Statements
for the Period 1 November 2021 to 31 March 2023


1. STATUTORY INFORMATION

Harestone Management Services 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the period 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 period 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 period was NIL (2021 - NIL).

Harestone Management Services Limited (Registered number: 01838613)

Notes to the Financial Statements - continued
for the Period 1 November 2021 to 31 March 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 November 2021
and 31 March 2023 415,258 43,221 31,313 489,792
DEPRECIATION
At 1 November 2021 311,879 42,592 29,383 383,854
Charge for period 41,525 157 637 42,319
At 31 March 2023 353,404 42,749 30,020 426,173
NET BOOK VALUE
At 31 March 2023 61,854 472 1,293 63,619
At 31 October 2021 103,379 629 1,930 105,938

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
VAT 368 10

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade creditors - 1
Tax - 1,162
Other creditors 1,750 -
Accruals 3,150 3,150
Directors' current accounts 29,491 41,860
34,391 46,173

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2021
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S L Redman.

Throughout the current and preceding year the company was under the control of the Mrs S L Redman, a director and shareholder.