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REGISTERED NUMBER: 12570257 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2024

FOR

HARWOOD ADVISORY LTD

HARWOOD ADVISORY LTD (REGISTERED NUMBER: 12570257)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARWOOD ADVISORY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S M Robertson





REGISTERED OFFICE: Pharmacy Chambers
High Street
Wadhurst
East Sussex
TN5 6AP





REGISTERED NUMBER: 12570257 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
Chartered Accountants
Pharmacy Chambers
High Street
Wadhurst
East Sussex
TN5 6AP

HARWOOD ADVISORY LTD (REGISTERED NUMBER: 12570257)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 43,984 1,417

CURRENT ASSETS
Debtors 6 103,239 370,169
Cash at bank 1,268,881 1,159,542
1,372,120 1,529,711
CREDITORS
Amounts falling due within one year 7 86,755 387,926
NET CURRENT ASSETS 1,285,365 1,141,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,329,349

1,143,202

PROVISIONS FOR LIABILITIES 8 10,996 354
NET ASSETS 1,318,353 1,142,848

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,318,253 1,142,748
SHAREHOLDERS' FUNDS 1,318,353 1,142,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HARWOOD ADVISORY LTD (REGISTERED NUMBER: 12570257)

BALANCE SHEET - continued
30 APRIL 2024


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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





S M Robertson - Director


HARWOOD ADVISORY LTD (REGISTERED NUMBER: 12570257)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Harwood Advisory Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

All tangible fixed assets are initially recorded at cost.

Financial instruments
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 entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities.

Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


HARWOOD ADVISORY LTD (REGISTERED NUMBER: 12570257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

HARWOOD ADVISORY LTD (REGISTERED NUMBER: 12570257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 - 2,522 2,522
Additions 45,075 - 45,075
At 30 April 2024 45,075 2,522 47,597
DEPRECIATION
At 1 May 2023 - 1,105 1,105
Charge for year 1,878 630 2,508
At 30 April 2024 1,878 1,735 3,613
NET BOOK VALUE
At 30 April 2024 43,197 787 43,984
At 30 April 2023 - 1,417 1,417

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,573 360,815
Amounts owed by associates 41,698 9,354
Director's current account 1,535 -
VAT 8,433 -
Prepayments and accrued income 45,000 -
103,239 370,169

HARWOOD ADVISORY LTD (REGISTERED NUMBER: 12570257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 112 23,367
Corporation tax 83,367 57,841
PAYE and social security 742 5,470
VAT - 61,661
Other creditors 223 223
Director's current account - 6,142
Accruals and deferred income 2,311 233,222
86,755 387,926

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 10,996 354

Deferred
tax
£   
Balance at 1 May 2023 354
Provided during year 10,642
Balance at 30 April 2024 10,996

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

HARWOOD ADVISORY LTD (REGISTERED NUMBER: 12570257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
S M Robertson
Balance outstanding at start of year (6,143 ) (9,983 )
Amounts advanced 7,679 3,840
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,536 (6,143 )

The Director's loan account balance was repaid within 9 months of the year end.

11. RELATED PARTY DISCLOSURES

A loan of £41,698 (2023:£9,354) was made to Wildpool Ltd, a company that shares a Director. The loan is interest free and repayable on demand.