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REGISTERED NUMBER: 09267666 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HARTSWOOD INVEST SERVICES LIMITED

HARTSWOOD INVEST SERVICES LIMITED (REGISTERED NUMBER: 09267666)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










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 2023







DIRECTOR: S Turaev





REGISTERED OFFICE: Suite 2, 28a Church Road
Stanmore
HA7 4AW





REGISTERED NUMBER: 09267666 (England and Wales)





AUDITORS: Ashfords Partnership LLP
114-116 Goodmayes Road
Ilford
Esex
IG3 9UZ

HARTSWOOD INVEST SERVICES LIMITED (REGISTERED NUMBER: 09267666)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 586 780
Investments 5 32,342 32,342
32,928 33,122

CURRENT ASSETS
Debtors 6 46,836 46,537

CREDITORS
Amounts falling due within one year 7 333,961 304,085
NET CURRENT LIABILITIES (287,125 ) (257,548 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(254,197

)

(224,426

)

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 (255,197 ) (225,426 )
SHAREHOLDERS' FUNDS (254,197 ) (224,426 )

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 6 January 2025 and were signed by:





S Turaev - Director


HARTSWOOD INVEST SERVICES LIMITED (REGISTERED NUMBER: 09267666)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Hartswood Invest Services Limited 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 1 (2022 - 1 ) .

HARTSWOOD INVEST SERVICES LIMITED (REGISTERED NUMBER: 09267666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 4,889 951 5,840
DEPRECIATION
At 1 January 2023 4,236 824 5,060
Charge for year 163 31 194
At 31 December 2023 4,399 855 5,254
NET BOOK VALUE
At 31 December 2023 490 96 586
At 31 December 2022 653 127 780

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2023
and 31 December 2023 32,342
NET BOOK VALUE
At 31 December 2023 32,342
At 31 December 2022 32,342

Details of the subsidiaries at 31 December 2023 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
31.12.23 31.12.22
£    £   
Other debtors 46,836 46,537

HARTSWOOD INVEST SERVICES LIMITED (REGISTERED NUMBER: 09267666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 165,459 165,458
Other creditors 168,502 138,627
333,961 304,085

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary 1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (225,426 )
Deficit for the year (29,771 )
At 31 December 2023 (255,197 )

HARTSWOOD INVEST SERVICES LIMITED (REGISTERED NUMBER: 09267666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


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 31December 2022, 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 2023, also we were unable to obtain sufficient and appropriate audit evidence regarding the effectiveness of internal control over financial reporting.

Certain debtors, creditors, investments and expenses 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.

Ashok Mukundlal Shah (Senior Statutory Auditor)
for and on behalf of Ashfords Partnership LLP

11. RELATED PARTY DISCLOSURES

As at 31st December 2023, 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.