Registered number
NI678401
Harron Asset Management Ltd
Filleted Accounts
30 April 2024
Harron Asset Management Ltd
Registered number: NI678401
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 100,000 100,000
Investments 4 30,313 30,313
130,313 130,313
Creditors: amounts falling due within one year 5 (91,335) (96,057)
Net current liabilities (91,335) (96,057)
Net assets 38,978 34,256
Capital and reserves
Called up share capital 2 2
Revaluation reserve 6 16,000 16,000
Profit and loss account 22,976 18,254
Shareholders' funds 38,978 34,256
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gerald Harron
Director
Approved by the board on 29 January 2025
Harron Asset Management Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. Fair value has been determined by the directors based on their experience, and current estimated open market value for such a property.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2023 100,000
At 30 April 2024 100,000
Depreciation
At 30 April 2024 -
Net book value
At 30 April 2024 100,000
At 30 April 2023 100,000
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 May 2023 30,313
At 30 April 2024 30,313
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 91,335 96,057
6 Revaluation reserve 2024 2023
£ £
At 1 May 2023 16,000 -
Gain on revaluation of land and buildings - 16,000
At 30 April 2024 16,000 16,000
7 Other information
Harron Asset Management Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
508 Killadeas Road
Kesh
Enniskillen
County Fermanagh
BT93 1ST
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