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REGISTERED NUMBER: 09929702 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Harri Technologies (UK) Limited

Harri Technologies (UK) Limited (Registered number: 09929702)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harri Technologies (UK) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: L Fryer
P Willis





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 09929702 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Harri Technologies (UK) Limited (Registered number: 09929702)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 807,658 38,080

CURRENT ASSETS
Debtors 5 3,693,583 2,774,315
Cash at bank 643,251 750,596
4,336,834 3,524,911
CREDITORS
Amounts falling due within one year 6 2,288,357 9,129,132
NET CURRENT ASSETS/(LIABILITIES) 2,048,477 (5,604,221 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,856,135

(5,566,141

)

CREDITORS
Amounts falling due after more than one year 7 25,539,863 12,199,300
NET LIABILITIES (22,683,728 ) (17,765,441 )

CAPITAL AND RESERVES
Called up share capital 8 504,377 504,377
Share premium 879,633 879,633
Retained earnings (24,067,738 ) (19,149,451 )
SHAREHOLDERS' FUNDS (22,683,728 ) (17,765,441 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Harri Technologies (UK) Limited (Registered number: 09929702)

Balance Sheet - continued
31 December 2023


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 25 April 2025 and were signed on its behalf by:





L Fryer - Director


Harri Technologies (UK) Limited (Registered number: 09929702)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Harri Technologies (UK) 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 77 (2022 - 72 ) .

Harri Technologies (UK) Limited (Registered number: 09929702)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 - 182,088 182,088
Additions 1,258,477 221,654 1,480,131
At 31 December 2023 1,258,477 403,742 1,662,219
DEPRECIATION
At 1 January 2023 - 144,008 144,008
Charge for year 616,141 94,412 710,553
At 31 December 2023 616,141 238,420 854,561
NET BOOK VALUE
At 31 December 2023 642,336 165,322 807,658
At 31 December 2022 - 38,080 38,080

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 2,312,971 1,786,638
Other debtors 1,380,612 987,677
3,693,583 2,774,315

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts - 21,253
Trade creditors 690,454 7,970,201
Taxation and social security 809,699 462,455
Other creditors 788,204 675,223
2,288,357 9,129,132

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Other creditors 25,539,863 12,199,300

Harri Technologies (UK) Limited (Registered number: 09929702)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
1 Ordinary £1.00 1 1
504,376 Ordinary £1.00 504,376 504,376
504,377 504,377

9. RELATED PARTY DISCLOSURES

Included in the long-term creditors is an interest free loan of £23,676,987 (2022: £12,125,708), due to Harri (US) LLC, the parent entity.