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REGISTERED NUMBER: 02338263 (England and Wales)
















Hare & Humphreys Limited

Audited Financial Statements

for the Year Ended 31st December 2024






Hare & Humphreys Limited (Registered number: 02338263)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Hare & Humphreys Limited

Company Information
for the Year Ended 31st December 2024







Director: Mr T F G Wallerand



Registered office: 27 Kelso Place
Kensington And Chelsea
London
W8 5QG



Registered number: 02338263 (England and Wales)



Auditors: Nigel Wilson & Co
Accountants & Statutory Auditor
4th Floor
100 Fenchurch Street
London
EC3M 5JD



Accountants: Wilson Stevens
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Hare & Humphreys Limited (Registered number: 02338263)

Statement of Financial Position
31st December 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 116,585 139,628

Current assets
Stocks 38,681 18,759
Debtors 5 1,469,364 1,449,396
Cash at bank and in hand 203,889 1,067,596
1,711,934 2,535,751
Creditors
Amounts falling due within one year 6 870,645 1,737,501
Net current assets 841,289 798,250
Total assets less current liabilities 957,874 937,878

Provisions for liabilities 10,935 13,680
Net assets 946,939 924,198

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 945,939 923,198
Shareholders' funds 946,939 924,198

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th March 2025 and were signed by:





Mr T F G Wallerand - Director


Hare & Humphreys Limited (Registered number: 02338263)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. Statutory information

Hare & Humphreys 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Hare & Humphreys Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, ADF Capital SAS, 12, rue du Parc Royal, 75003, Paris.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents revenue recognised on the percentage of completion method, measured by the percentage of total costs incurred to date to estimated total costs for each contract. Management consider this to be the best measure of progress on contracts. Amounts are stated, net of value added tax and trade discounts.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - Over the term of the lease
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Hare & Humphreys Limited (Registered number: 02338263)

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

2. Accounting policies - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 24 (2023 - 26 ) .

4. Tangible fixed assets
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1st January 2024 153,246 64,252 28,127 25,307 270,932
Additions 653 779 2,333 5,284 9,049
Disposals - (9,315 ) (8,004 ) (8,556 ) (25,875 )
At 31st December 2024 153,899 55,716 22,456 22,035 254,106
Depreciation
At 1st January 2024 46,224 49,493 16,044 19,543 131,304
Charge for year 15,523 3,051 2,921 3,058 24,553
Eliminated on disposal - (5,968 ) (5,768 ) (6,600 ) (18,336 )
At 31st December 2024 61,747 46,576 13,197 16,001 137,521
Net book value
At 31st December 2024 92,152 9,140 9,259 6,034 116,585
At 31st December 2023 107,022 14,759 12,083 5,764 139,628

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 866,169 938,420
Amounts owed by group undertakings 504,362 441,332
Other debtors 98,833 69,644
1,469,364 1,449,396

Hare & Humphreys Limited (Registered number: 02338263)

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

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 190,300 135,504
Amounts owed to group undertakings 134,772 171,123
Taxation and social security 115,630 137,968
Other creditors 429,943 1,292,906
870,645 1,737,501

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 47,500 6,298
Between one and five years 158,622 -
206,122 6,298

8. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

David Hatchard BA FCA (Senior Statutory Auditor)
for and on behalf of Nigel Wilson & Co

9. Ultimate controlling party

The immediate parent company was Atelier Premiere London Limited, a company incorporated in England and Wales, owning 100% (2023: 90%) of the share capital. The registered office address is 27 Kelso Place, London, W8 5QG.

The ultimate parent company is ADF Capital SAS, a company incorporated in France.

Consolidated accounts are prepared and available from ADF Capital SAS, 12, rue du Parc Royal, 75003, Paris.

The directors consider there is no one ultimate controlling party.