REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 |
FOR |
HARTSWOOD INVEST SERVICES LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 |
FOR |
HARTSWOOD INVEST SERVICES LIMITED |
HARTSWOOD INVEST SERVICES LIMITED (REGISTERED NUMBER: 09267666) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
HARTSWOOD INVEST SERVICES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
114-116 Goodmayes Road |
Ilford |
Esex |
IG3 9UZ |
HARTSWOOD INVEST SERVICES LIMITED (REGISTERED NUMBER: 09267666) |
BALANCE SHEET |
31 DECEMBER 2022 |
31.12.22 | 31.12.21 |
(Unaudited) |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The financial statements were approved by the director and authorised for issue on |
HARTSWOOD INVEST SERVICES LIMITED (REGISTERED NUMBER: 09267666) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
1. | STATUTORY INFORMATION |
Hartswood Invest Services Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
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. |
Going concern |
The directors have prepared the financial statements on a going concern basis the validity of which is dependent upon the continued financial support from the principal and shareholders. |
The company has formally received assurance of financial support from the director. |
The company may not be able to continue as a going concern if the support is withdrawn. |
Investments |
Investments held as fixed assets are shown at cost less provision for impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
HARTSWOOD INVEST SERVICES LIMITED (REGISTERED NUMBER: 09267666) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2022 |
and 31 December 2022 |
DEPRECIATION |
At 1 January 2022 |
Charge for year |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 December 2021 |
5. | FIXED ASSET INVESTMENTS |
Unlisted |
investments |
£ |
COST |
At 1 January 2022 |
and 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 December 2021 |
Details of the subsidiaries at 31 December 2022 are as follows: |
Name of undertaking |
Registered office |
Nature of business |
Class of shares held |
% Held Direct/Indirec t |
Hartswood International LLC |
Uzbekistan |
Import and export |
Ordinary |
100.00 |
Zohim Pharm LLC |
Uzbekistan |
Import and export |
Ordinary |
50.00 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
(Unaudited) |
£ | £ |
Other debtors |
HARTSWOOD INVEST SERVICES LIMITED (REGISTERED NUMBER: 09267666) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
(Unaudited) |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.22 | 31.12.21 |
value: | £ | £ |
Ordinary | 1 | 1,000 | 1,000 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1 January 2022 | ( |
) |
Deficit for the year | ( |
) |
At 31 December 2022 | ( |
) |
HARTSWOOD INVEST SERVICES LIMITED (REGISTERED NUMBER: 09267666) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was qualified on the following basis: |
Basis for Qualified opinion on financial statements |
We were unable to obtain sufficient appropriate audit evidence regarding the opening balances as of 31 December 2021, due to our inability to audit those balances as the financial statements for previous years have not been audited. As a result we lack sufficient information about these opening balances and cannot determine whether adjustments might be necessary to the assets, liabilities and expenses presented in the financial statement for the year ended 31 December 2022, also we were unable to obtain sufficient and appropriate audit evidence regarding the effectiveness of internal control over financial reporting. |
Debtors, creditors and investments are subject to confirmation and reconciliations. Consequential adjustments, if any, will be made in the subsequent period. In the absence of adequate particulars, the outstanding assets and liabilities could not be verified. |
Board minutes and other statutory records were not available for inspection in respect of the subsidiaries and hence could not verify any non compliance to laws and regulations. |
Due to the lack of information of the subsidiaries we are unable to ascertain whether the consolidated accounts are required to be prepared. |
Matters required to report by exception |
Arising from the limitations of our work as referred to above: |
- We have not obtained all the information and explanations as considered necessary for the purpose of audit; |
- We are unable to determine whether adequate records have been kept. |
for and on behalf of |
11. | RELATED PARTY DISCLOSURES |
As at 31st December 2022, the company owed £103,382 to Morvise Consultancy & Engineering Limited, a company in which S Turaev is a director. |
12. | ULTIMATE CONTROLLING PARTY |
The immediate parent company is Hartswood Investments Holdings Limited, a company incorporated in the British Virgin Islands, by virtue of it's 100% shareholding. |
The ultimate controlling parent is Mercury Trust, incorporated in New Zealand. |
Shakhzod Turaev is a person of significant control. |