Harte Management Limited 13234536 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is other business support service activities not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true 13234536 2022-04-01 2023-03-31 13234536 2023-03-31 13234536 core:RetainedEarningsAccumulatedLosses 2023-03-31 13234536 core:ShareCapital 2023-03-31 13234536 core:CurrentFinancialInstruments 2023-03-31 13234536 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13234536 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 13234536 core:ProvisionsForImpairmentInvestments 2023-03-31 13234536 bus:SmallEntities 2022-04-01 2023-03-31 13234536 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13234536 bus:FullAccounts 2022-04-01 2023-03-31 13234536 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 13234536 bus:RegisteredOffice 2022-04-01 2023-03-31 13234536 bus:Director1 2022-04-01 2023-03-31 13234536 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13234536 countries:UnitedKingdom 2022-04-01 2023-03-31 13234536 core:CostValuation 2022-03-31 13234536 2021-03-01 2022-03-31 13234536 2022-03-31 13234536 core:RetainedEarningsAccumulatedLosses 2022-03-31 13234536 core:ShareCapital 2022-03-31 13234536 core:CurrentFinancialInstruments 2022-03-31 13234536 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 13234536 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 13234536

Harte Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Harte Management Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Harte Management Limited

(Registration number: 13234536)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1,367,432

1,367,432

Current assets

 

Debtors

5

1

16,977

Cash at bank and in hand

 

1,143

-

 

1,144

16,977

Total assets less current liabilities

 

1,368,576

1,384,409

Creditors: Amounts falling due after more than one year

6

(748,222)

(747,738)

Net assets

 

620,354

636,671

Capital and reserves

 

Called up share capital

1

1

Retained earnings

620,353

636,670

Shareholders' funds

 

620,354

636,671

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 November 2023
 

.........................................
P Harte
Director

 

Harte Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
30 Ralph Road
Staveley
S43 3PY
United Kingdom

These financial statements were authorised for issue by the director on 30 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements cover the individual entity and have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Company in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Company includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Harte Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2022 - 1).

4

Investments

2023
£

2022
£

Investments in associates

1,367,432

1,367,432

Associates

£

Cost

At 1 April 2022

1,367,432

Provision

At 31 March 2023

-

Carrying amount

At 31 March 2023

1,367,432

At 31 March 2022

1,367,432

5

Debtors

Note

2023
£

2022
£

Amounts owed by Group undertakings and undertakings in which the Company has a participating interest

-

16,976

Other debtors

 

1

1

 

1

16,977

 

Harte Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Creditors

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

393,153

398,869

Amounts owed to group undertakings and undertakings in which the company has a participating interest

 

355,069

348,869

 

748,222

747,738