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REGISTERED NUMBER: 06911903 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

HT Legal Limited

HT Legal Limited (Registered number: 06911903)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HT Legal Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A M Carter
D Nuttall





REGISTERED OFFICE: Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR





REGISTERED NUMBER: 06911903 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

HT Legal Limited (Registered number: 06911903)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,745 4,632
Investments 6 10 20
3,755 4,652

CURRENT ASSETS
Stocks 136,419 148,063
Debtors 7 339,846 338,985
Cash at bank and in hand 5,201,844 5,321,089
5,678,109 5,808,137
CREDITORS
Amounts falling due within one year 8 5,726,553 5,883,277
NET CURRENT LIABILITIES (48,444 ) (75,140 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(44,689

)

(70,488

)

CREDITORS
Amounts falling due after more than one
year

9

(30,800

)

(61,600

)

PROVISIONS FOR LIABILITIES (387 ) (484 )
NET LIABILITIES (75,876 ) (132,572 )

HT Legal Limited (Registered number: 06911903)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 2,500 2,500
Retained earnings (78,376 ) (135,072 )
SHAREHOLDERS' FUNDS (75,876 ) (132,572 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 26 February 2025 and were signed on its behalf by:





A M Carter - Director


HT Legal Limited (Registered number: 06911903)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

HT Legal 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.

The company's principal place of business is Clarendon Chambers, 5a Market Place, Hyde, Cheshire, SK14 2LX

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2010, was being amortised over its estimated useful life of twenty years but was fully written down in the year to 31 May 2014 due to impairment

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website - 20% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Work in progress
Work in progress relates to amounts expected to be recoverable from clients and is calculated on a percentage of completion basis taking account of the time spent, skill and expertise provided and expenses incurred.

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.


HT Legal Limited (Registered number: 06911903)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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 12 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 50,000
AMORTISATION
At 1 June 2023
and 31 May 2024 50,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

HT Legal Limited (Registered number: 06911903)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Website fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 15,704 17,359 22,577 55,640
DEPRECIATION
At 1 June 2023 15,704 13,775 21,529 51,008
Charge for year - 538 349 887
At 31 May 2024 15,704 14,313 21,878 51,895
NET BOOK VALUE
At 31 May 2024 - 3,046 699 3,745
At 31 May 2023 - 3,584 1,048 4,632

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023 20
Disposals (10 )
At 31 May 2024 10
NET BOOK VALUE
At 31 May 2024 10
At 31 May 2023 20

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 156,270 138,359
Other debtors 183,576 200,626
339,846 338,985

HT Legal Limited (Registered number: 06911903)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 79,798 91,503
Trade creditors 194,908 201,868
Taxation and social security 128,975 208,024
Other creditors 5,322,872 5,381,882
5,726,553 5,883,277

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 30,800 61,600

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year 13,000 13,000
Between one and five years 52,000 52,000
In more than five years 45,500 58,500
110,500 123,500

11. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank overdrafts 24,028 29,720
Bank loans 86,570 123,383
110,598 153,103

Royal Bank of Scotland PLC hold a fixed and floating charge over all the assets of the Company.

HT Legal Limited (Registered number: 06911903)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
875 Ordinary A £1 875 875
1,250 Ordinary B £1 1,250 1,250
375 Ordinary C £1 375 375
2,500 2,500