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REGISTERED NUMBER: SC168826 (Scotland)















Unaudited Financial Statements For The Year Ended 31 March 2024

for

Harkspace Limited

Harkspace Limited (Registered number: SC168826)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harkspace Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: G Nabi
M Ahmad





SECRETARY: G Nabi





REGISTERED OFFICE: C/O Ahmad & Nabi-McMullan Accountants
3rd Floor
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ





REGISTERED NUMBER: SC168826 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

Harkspace Limited (Registered number: SC168826)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,567,016 1,567,016

CURRENT ASSETS
Debtors 5 969,959 957,196
Cash at bank 221,106 136,648
1,191,065 1,093,844
CREDITORS
Amounts falling due within one year 6 47,800 46,695
NET CURRENT ASSETS 1,143,265 1,047,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,710,281

2,614,165

CREDITORS
Amounts falling due after more than one year 7 9,500 9,500
NET ASSETS 2,700,781 2,604,665

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,700,681 2,604,565
SHAREHOLDERS' FUNDS 2,700,781 2,604,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Harkspace Limited (Registered number: SC168826)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





G Nabi - Director


Harkspace Limited (Registered number: SC168826)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Harkspace Limited 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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Harkspace Limited (Registered number: SC168826)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2023
and 31 March 2024 1,567,016
NET BOOK VALUE
At 31 March 2024 1,567,016
At 31 March 2023 1,567,016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Loan to AASH Investments Ltd 40,000 -
Loan to Azuno 898,015 855,252
Deposit Kendall 2,000 2,000
Loan to Sun Management 29,944 29,944
Directors' current accounts - 70,000
969,959 957,196

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 46,856 41,005
VAT 944 5,690
47,800 46,695

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Deposits held 9,500 9,500