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REGISTERED NUMBER: 02288745 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Harrier Financial Services Limited

Harrier Financial Services Limited (Registered number: 02288745)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Harrier Financial Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr J D Linton
Mrs V J Linton
Mrs S N L Egerton





SECRETARIES: Mrs V J Linton
Mr B R Fenn





REGISTERED OFFICE: The Maple Building
39/51 Highgate Road
London
NW5 1RT





REGISTERED NUMBER: 02288745 (England and Wales)





AUDITORS: RA Audit Services Limited
2nd Floor
Grove House
55 Lowlands Road
Harrow
Middlesex
HA1 3AW

Harrier Financial Services Limited (Registered number: 02288745)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Debtors 4 469,631 562,146
Cash at bank 41,079 1,383
510,710 563,529
CREDITORS
Amounts falling due within one year 5 1,360,344 1,440,647
NET CURRENT LIABILITIES (849,634 ) (877,118 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(849,634

)

(877,118

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (849,734 ) (877,218 )
SHAREHOLDERS' FUNDS (849,634 ) (877,118 )

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 5 March 2024 and were signed on its behalf by:





Mr J D Linton - Director


Harrier Financial Services Limited (Registered number: 02288745)

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

1. STATUTORY INFORMATION

Harrier Financial 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.

The financial statements are prepared in sterling, which is the functional currency of the company Monetary amounts in those non statutory financial statements are rounded to the nearest £.

Turnover
Turnover represents interest and finance charges receivable during the year.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
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.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


Harrier Financial Services Limited (Registered number: 02288745)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they no longer at the discretion of the company.

Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks and bank overdraft. Bank overdrafts are shown within borrowings in current liabilities.

Going concern
The financial statements have been prepared on a going concern basis even though at the balance sheet date the company's net liabilities exceeded its net assets by £849,634 (2022: £877,118). The director considers the going concern basis to be appropriate because, in his opinion, the company will obtain sufficient from its shareholders to enable it to pay its debts as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Other debtors 200,236 166,897

Harrier Financial Services Limited (Registered number: 02288745)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. DEBTORS - continued
31.3.23 31.3.22
£    £   
Amounts falling due after more than one year:
Other debtors 269,395 395,249

Aggregate amounts 469,631 562,146

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1,162 4,959
Other creditors 125,494 313,747
Directors' current accounts 1,226,338 1,114,590
Accrued expenses 7,350 7,351
1,360,344 1,440,647

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Abdul Hafeez ACA, FCCA (Senior Statutory Auditor)
for and on behalf of RA Audit Services Limited

8. RELATED PARTY DISCLOSURES

Creditors due within one year includes £1,226,338 (2022: £1,114,590) due to the directors Mr J D Linton and Mrs V J Linton.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J D Linton by virtue of his majority shareholding of the voting share capital.