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TWO HARES RUNNING LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024






TWO HARES RUNNING LIMITED (REGISTERED NUMBER: 09733775)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TWO HARES RUNNING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTOR: I Chambers





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 09733775 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

TWO HARES RUNNING LIMITED (REGISTERED NUMBER: 09733775)

BALANCE SHEET
31ST AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 345 459

CURRENT ASSETS
Debtors 6 14,446 3,317
Cash at bank 3,861 18,392
18,307 21,709
CREDITORS
Amounts falling due within one year 7 36,850 28,382
NET CURRENT LIABILITIES (18,543 ) (6,673 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,198

)

(6,214

)

PROVISIONS FOR LIABILITIES 65 87
NET LIABILITIES (18,263 ) (6,301 )

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 9 (18,273 ) (6,311 )
SHAREHOLDERS' FUNDS (18,263 ) (6,301 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28th February 2025 and were signed by:



I Chambers - Director


TWO HARES RUNNING LIMITED (REGISTERED NUMBER: 09733775)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1. STATUTORY INFORMATION

Two Hares Running 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

TWO HARES RUNNING LIMITED (REGISTERED NUMBER: 09733775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st September 2023
and 31st August 2024 1,692 457 6,887 9,036
DEPRECIATION
At 1st September 2023 1,394 296 6,887 8,577
Charge for year 74 40 - 114
At 31st August 2024 1,468 336 6,887 8,691
NET BOOK VALUE
At 31st August 2024 224 121 - 345
At 31st August 2023 298 161 - 459

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 2,530
Directors' current accounts 14,446 787
14,446 3,317

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 194 117
Tax 26,063 19,157
VAT 5,317 4,130
Other creditors 4,765 -
Directors' current accounts - 4,765
Accrued expenses 511 213
36,850 28,382

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
5 Ordinary A £1 5 5
5 Ordinary B £1 5 5
10 10

TWO HARES RUNNING LIMITED (REGISTERED NUMBER: 09733775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

9. RESERVES
Retained
earnings
£   

At 1st September 2023 (6,311 )
Profit for the year 61,538
Dividends (73,500 )
At 31st August 2024 (18,273 )