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REGISTERED NUMBER: SC631286 (Scotland)




















HARTINSURE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2022 TO 31 MARCH 2023






HARTINSURE LIMITED (REGISTERED NUMBER: SC631286)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

HARTINSURE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MARCH 2023







DIRECTORS: A F Hart A.C.I.I.
C V Bettinson
P A Barton





REGISTERED OFFICE: Torridon House
Beechwood Business Park
Inverness
IV2 3BW





REGISTERED NUMBER: SC631286 (Scotland)





ACCOUNTANTS: JCWallace & Co
Chartered Certified Accountants
1875 Great Western Road
Glasgow
G13 2YD

HARTINSURE LIMITED (REGISTERED NUMBER: SC631286)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 215,000 232,500
Tangible assets 5 22,333 25,340
237,333 257,840

CURRENT ASSETS
Debtors 6 456,561 255,925
Cash at bank and in hand 403,994 715,245
860,555 971,170
CREDITORS
Amounts falling due within one year 7 303,332 541,130
NET CURRENT ASSETS 557,223 430,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

794,556

687,880

PROVISIONS FOR LIABILITIES 9 4,243 4,815
NET ASSETS 790,313 683,065

CAPITAL AND RESERVES
Called up share capital 10 395,674 395,674
Retained earnings 394,639 287,391
SHAREHOLDERS' FUNDS 790,313 683,065

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 2 November 2023 and were signed on its behalf by:





A F Hart A.C.I.I. - Director


HARTINSURE LIMITED (REGISTERED NUMBER: SC631286)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

Hartinsure Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover represents amounts received or receivable for commission earned net of discounts.

Goodwill
Goodwill, being the amount paid in connection with the incorporation of a sole trader business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 20% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

HARTINSURE LIMITED (REGISTERED NUMBER: SC631286)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 March 2023 300,000
AMORTISATION
At 1 September 2022 67,500
Charge for period 17,500
At 31 March 2023 85,000
NET BOOK VALUE
At 31 March 2023 215,000
At 31 August 2022 232,500

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 17,524 17,336 34,860
Additions 150 - 150
At 31 March 2023 17,674 17,336 35,010
DEPRECIATION
At 1 September 2022 3,385 6,135 9,520
Charge for period 1,144 2,013 3,157
At 31 March 2023 4,529 8,148 12,677
NET BOOK VALUE
At 31 March 2023 13,145 9,188 22,333
At 31 August 2022 14,139 11,201 25,340

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 110,512 230,110
Other debtors 616 -
Directors' current accounts 338,946 -
Prepayments and accrued income 6,487 25,815
456,561 255,925

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 176,088 435,025
Corporation tax 39,307 61,965
Directors' current accounts - 6,087
Accrued charges 87,937 38,053
303,332 541,130

HARTINSURE LIMITED (REGISTERED NUMBER: SC631286)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MARCH 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 24,000 20,750
Between one and five years 62,000 65,708
86,000 86,458

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,243 4,815

Deferred
tax
£   
Balance at 1 September 2022 4,815
Credit to Income Statement during period (572 )
Balance at 31 March 2023 4,243

The provision for deferred tax consists of the tax effect of timing differences in respect of the excess of taxation allowances over depreciation on fixed assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
395,674 Ordinary £1 395,674 395,674

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2023 and the year ended 31 August 2022:

2023 2022
£    £   
A F Hart A.C.I.I.
Balance outstanding at start of period - -
Amounts advanced 338,946 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 338,946 -

The loan is interest free and repayable on demand.

12. REPORTING FREQUENCY

Following the acquisition of the whole of the ordinary share capital in May 2023 by Partners& Ltd, the company shortened its accounting period to 31 March 2023 from 31 August 2023 to be coterminous with the new parent company's year end for group reporting purposes.

As a result the comparative amounts presented in the financial statements (including the related notes) relate to the year ended 31st August 2022 and are not therefore entirely comparable.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HARTINSURE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hartinsure Limited for the period ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Hartinsure Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hartinsure Limited and state those matters that we have agreed to state to the Board of Directors of Hartinsure Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hartinsure Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hartinsure Limited. You consider that Hartinsure Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Hartinsure Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JCWallace & Co
Chartered Certified Accountants
1875 Great Western Road
Glasgow
G13 2YD


2 November 2023