Company registration number 06937808 (England and Wales)
Harwood Investment Management Solutions Limited
Financial Statements
For the year ended
31 December 2023
Pages for filing with registrar
Harwood Investment Management Solutions Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Harwood Investment Management Solutions Limited
Statement Of Financial Position
As at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
460,147
494,947
Cash at bank and in hand
28,897
317
489,044
495,264
Creditors: amounts falling due within one year
5
(4,743)
(4,593)
Net current assets
484,301
490,671
Capital and reserves
Called up share capital
100
100
Other reserves
500,000
500,000
Profit and loss reserves
(15,799)
(9,429)
Total equity
484,301
490,671
The notes on pages 2 to 3 form part of these financial statements.
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 21 August 2024 and are signed on its behalf by:
C.E.R. Selsby
Director
Company registration number 06937808 (England and Wales)
Harwood Investment Management Solutions Limited
Notes To The Financial Statements
For the year ended 31 December 2023
- 2 -
1
General information
Harwood Investment Management Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cleveland House, 33 King Street, St James's, London, SW1Y 6RJ.
2
Accounting policies
2.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2
Going concern
The directors are actively seeking new projects and have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date the accounts were signed. Accordingly, they have adopted the going concern basis in preparing the financial statements.true
2.3
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 classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. 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 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. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
3
Employees
The company employed no persons during the current and preceding years.
Harwood Investment Management Solutions Limited
Notes To The Financial Statements (Continued)
For the year ended 31 December 2023
- 3 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
10,100
10,100
Other debtors
450,047
484,847
460,147
494,947
At the year end the company was owed £450,000 (2022: £484,800) by two connected companies. These amounts are interest free and repayable on demand.
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
281
281
Other creditors
4,462
4,312
4,743
4,593
6
Parent company
Throughout the current and preceding years, the company was controlled by its parent company, HI Investments US, LLC, a company incorporated in United States of America. The registered office is 2501, North Harwood Street, Suite 1400, Dallas, Texas 75201, USA.