Silverfin false 30/11/2022 01/12/2021 30/11/2022 Mr L Piper 25/09/2018 Mr A Sangster 29/03/2019 28 November 2023 The Company did not trade during the year. 11587793 2022-11-30 11587793 bus:Director1 2022-11-30 11587793 bus:Director2 2022-11-30 11587793 2021-11-30 11587793 core:CurrentFinancialInstruments 2022-11-30 11587793 core:CurrentFinancialInstruments 2021-11-30 11587793 core:ShareCapital 2022-11-30 11587793 core:ShareCapital 2021-11-30 11587793 core:RetainedEarningsAccumulatedLosses 2022-11-30 11587793 core:RetainedEarningsAccumulatedLosses 2021-11-30 11587793 core:PatentsTrademarksLicencesConcessionsSimilar 2021-11-30 11587793 core:PatentsTrademarksLicencesConcessionsSimilar 2022-11-30 11587793 core:LandBuildings 2021-11-30 11587793 core:OtherPropertyPlantEquipment 2021-11-30 11587793 core:LandBuildings 2022-11-30 11587793 core:OtherPropertyPlantEquipment 2022-11-30 11587793 bus:OrdinaryShareClass1 2022-11-30 11587793 2021-12-01 2022-11-30 11587793 bus:FullAccounts 2021-12-01 2022-11-30 11587793 bus:SmallEntities 2021-12-01 2022-11-30 11587793 bus:AuditExemptWithAccountantsReport 2021-12-01 2022-11-30 11587793 bus:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 11587793 bus:Director1 2021-12-01 2022-11-30 11587793 bus:Director2 2021-12-01 2022-11-30 11587793 2020-12-01 2021-11-30 11587793 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2021-12-01 2022-11-30 11587793 core:LandBuildings core:TopRangeValue 2021-12-01 2022-11-30 11587793 core:OtherPropertyPlantEquipment core:TopRangeValue 2021-12-01 2022-11-30 11587793 core:PatentsTrademarksLicencesConcessionsSimilar 2021-12-01 2022-11-30 11587793 core:LandBuildings 2021-12-01 2022-11-30 11587793 core:OtherPropertyPlantEquipment 2021-12-01 2022-11-30 11587793 bus:OrdinaryShareClass1 2021-12-01 2022-11-30 11587793 bus:OrdinaryShareClass1 2020-12-01 2021-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11587793 (England and Wales)

HEMP AND HARMONY LTD

Unaudited Financial Statements
For the financial year ended 30 November 2022
Pages for filing with the registrar

HEMP AND HARMONY LTD

Unaudited Financial Statements

For the financial year ended 30 November 2022

Contents

HEMP AND HARMONY LTD

COMPANY INFORMATION

For the financial year ended 30 November 2022
HEMP AND HARMONY LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2022
DIRECTORS Mr L Piper
Mr A Sangster
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
COMPANY NUMBER 11587793 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
HEMP AND HARMONY LTD

PROFIT AND LOSS ACCOUNT

For the financial year ended 30 November 2022
HEMP AND HARMONY LTD

PROFIT AND LOSS ACCOUNT (continued)

For the financial year ended 30 November 2022
2022 2021
£ £
Cost of sales ( 31,223) 0
Gross loss ( 31,223) 0
Administrative expenses ( 16,757) ( 10,242)
Operating loss ( 47,980) ( 10,242)
Interest payable and similar expenses 0 ( 69)
Loss before taxation ( 47,980) ( 10,311)
Tax on loss 0 1,100
Loss for the financial year ( 47,980) ( 9,211)
HEMP AND HARMONY LTD

BALANCE SHEET

As at 30 November 2022
HEMP AND HARMONY LTD

BALANCE SHEET (continued)

As at 30 November 2022
Note 2022 2021
£ £
Fixed assets
Intangible assets 3 0 1,054
Tangible assets 4 0 33,920
0 34,974
Current assets
Stocks 0 31,223
Debtors 5 69,735 50,559
Cash at bank and in hand 0 122
69,735 81,904
Creditors: amounts falling due within one year 6 ( 178,920) ( 178,083)
Net current liabilities (109,185) (96,179)
Total assets less current liabilities (109,185) (61,205)
Net liabilities ( 109,185) ( 61,205)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 109,285 ) ( 61,305 )
Total shareholders' deficit ( 109,185) ( 61,205)

For the financial year ending 30 November 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hemp and Harmony Ltd (registered number: 11587793) were approved and authorised for issue by the Board of Directors on 28 November 2023. They were signed on its behalf by:

Mr L Piper
Director
HEMP AND HARMONY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2022
HEMP AND HARMONY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hemp and Harmony Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is Plot 12, Aerohub Business Park, St Magwan, Cornwall, TR8 4HP.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors made the decision that the Company would cease trading with the final trading year end being 30 November 2022. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Intangible assets

Trademarks, patents
and licences
Total
£ £
Cost
At 01 December 2021 1,318 1,318
At 30 November 2022 1,318 1,318
Accumulated amortisation
At 01 December 2021 264 264
Impairment losses 1,054 1,054
At 30 November 2022 1,318 1,318
Net book value
At 30 November 2022 0 0
At 30 November 2021 1,054 1,054

4. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 December 2021 42,923 9,701 52,624
Disposals ( 42,923) ( 9,701) ( 52,624)
At 30 November 2022 0 0 0
Accumulated depreciation
At 01 December 2021 12,882 5,822 18,704
Disposals ( 12,882) ( 5,822) ( 18,704)
At 30 November 2022 0 0 0
Net book value
At 30 November 2022 0 0 0
At 30 November 2021 30,041 3,879 33,920

5. Debtors

2022 2021
£ £
Other debtors 69,735 50,559

6. Creditors: amounts falling due within one year

2022 2021
£ £
Trade creditors 0 1,758
Other creditors 178,920 176,325
178,920 178,083

7. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100