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REGISTERED NUMBER: SC372592 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

HAAR ARCHITECTS LTD

HAAR ARCHITECTS LTD (REGISTERED NUMBER: SC372592)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HAAR ARCHITECTS LTD

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTOR: M Johnson



REGISTERED OFFICE: 92 Constitution Street
Edinburgh
EH6 6RP



REGISTERED NUMBER: SC372592 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



BANKERS: Monzo Bank Limited
Broadwalk House
5 Appold Street
London
EC2A 2AG

HAAR ARCHITECTS LTD (REGISTERED NUMBER: SC372592)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,107 6,712

CURRENT ASSETS
Debtors 5 190,411 120,680
Cash at bank 776 146
191,187 120,826
CREDITORS
Amounts falling due within one year 6 138,776 123,147
NET CURRENT ASSETS/(LIABILITIES) 52,411 (2,321 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,518

4,391

CREDITORS
Amounts falling due after more than one year 7 (99,757 ) (95,440 )

PROVISIONS FOR LIABILITIES (970 ) -
NET LIABILITIES (43,209 ) (91,049 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (43,309 ) (91,149 )
SHAREHOLDERS' FUNDS (43,209 ) (91,049 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 director and authorised for issue on 29 November 2024 and were signed by:





M Johnson - Director


HAAR ARCHITECTS LTD (REGISTERED NUMBER: SC372592)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024


1. STATUTORY INFORMATION

HAAR Architects Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Not withstanding the deficit on the shareholder's funds the financial statements have been prepared on the going concern basis as the director has confirmed his continuing support of the company.

Turnover
Turnover consists of the sales value, excluding VAT, of work undertaken in the period falling within the company's ordinary activities to supply services to third parties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on cost
Office equipment - 33% on reducing balance

Financial instruments
Bank and other loans are shown at amortised cost, with interest and up front charges in connection with the loans being allocated to accounting periods by applying the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

HAAR ARCHITECTS LTD (REGISTERED NUMBER: SC372592)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Office
property equipment Totals
£    £    £   
COST
At 1 March 2023 32,050 50,879 82,929
Additions - 948 948
Disposals (32,050 ) - (32,050 )
At 29 February 2024 - 51,827 51,827
DEPRECIATION
At 1 March 2023 32,050 44,167 76,217
Charge for year - 2,553 2,553
Eliminated on disposal (32,050 ) - (32,050 )
At 29 February 2024 - 46,720 46,720
NET BOOK VALUE
At 29 February 2024 - 5,107 5,107
At 28 February 2023 - 6,712 6,712

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,916 -
Amounts recoverable on contract 15,507 -
Other debtors 172,988 120,680
190,411 120,680

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loan 17,241 17,241
Trade creditors 27,470 37,758
Taxation and social security 72,590 47,145
Other creditors 21,475 21,003
138,776 123,147

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 63,036 59,088
Other creditors 36,721 36,352
99,757 95,440

HAAR ARCHITECTS LTD (REGISTERED NUMBER: SC372592)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 80,277 76,329
Other loans 49,730 49,361
130,007 125,690

The above loans, which are repayable by installments, are secured by personal guarantees provided by the director. Interest is charged on these loans at the rates varying between 5.90% to 11.25% per annum with total interest and charges amounting to £4,316 (2023: £7,324).

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
M Johnson
Balance outstanding at start of year 85,917 100,885
Amounts advanced 59,344 18,332
Amounts repaid (7,676 ) (33,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 137,585 85,917