Silverfin false false 31/12/2024 01/01/2024 31/12/2024 A Harding 04/02/2022 N Holmes 04/02/2022 17 May 2025 no description of principal activity 13894799 2024-12-31 13894799 bus:Director1 2024-12-31 13894799 bus:Director2 2024-12-31 13894799 2023-12-31 13894799 core:CurrentFinancialInstruments 2024-12-31 13894799 core:CurrentFinancialInstruments 2023-12-31 13894799 core:Non-currentFinancialInstruments 2024-12-31 13894799 core:Non-currentFinancialInstruments 2023-12-31 13894799 core:ShareCapital 2024-12-31 13894799 core:ShareCapital 2023-12-31 13894799 core:RetainedEarningsAccumulatedLosses 2024-12-31 13894799 core:RetainedEarningsAccumulatedLosses 2023-12-31 13894799 core:LandBuildings 2023-12-31 13894799 core:Vehicles 2023-12-31 13894799 core:LandBuildings 2024-12-31 13894799 core:Vehicles 2024-12-31 13894799 core:CostValuation 2023-12-31 13894799 core:CostValuation 2024-12-31 13894799 core:CurrentFinancialInstruments core:Secured 2024-12-31 13894799 2024-01-01 2024-12-31 13894799 bus:FilletedAccounts 2024-01-01 2024-12-31 13894799 bus:SmallEntities 2024-01-01 2024-12-31 13894799 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13894799 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13894799 bus:Director1 2024-01-01 2024-12-31 13894799 bus:Director2 2024-01-01 2024-12-31 13894799 core:LandBuildings core:TopRangeValue 2024-01-01 2024-12-31 13894799 core:LandBuildings 2024-01-01 2024-12-31 13894799 core:Vehicles core:TopRangeValue 2024-01-01 2024-12-31 13894799 2023-01-01 2023-12-31 13894799 core:Vehicles 2024-01-01 2024-12-31 13894799 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 13894799 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 13894799 (England and Wales)

HARDING ASSET MANAGEMENT LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

HARDING ASSET MANAGEMENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

HARDING ASSET MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
HARDING ASSET MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 31.12.2024 31.12.2023
£ £
Fixed assets
Tangible assets 3 375,135 316,567
Investment property 4 1,174,387 651,624
Investments 5 1,959 1,959
1,551,481 970,150
Current assets
Debtors 6 527 173
Cash at bank and in hand 258,885 23,493
259,412 23,666
Creditors: amounts falling due within one year 7 ( 57,995) ( 125,317)
Net current assets/(liabilities) 201,417 (101,651)
Total assets less current liabilities 1,752,898 868,499
Creditors: amounts falling due after more than one year 8 ( 360,841) 0
Provision for liabilities ( 11,458) 0
Net assets 1,380,599 868,499
Capital and reserves
Called-up share capital 200 200
Profit and loss account 1,380,399 868,299
Total shareholder's funds 1,380,599 868,499

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Harding Asset Management Limited (registered number: 13894799) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

A Harding
Director

17 May 2025

HARDING ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
HARDING ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Harding Asset Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Collier Turf Care Ltd Drury Square, Beeston, King's Lynn, PE32 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 10 years straight line
10 % reducing balance
Vehicles 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

31.12.2024 31.12.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Vehicles Total
£ £ £
Cost
At 01 January 2024 339,794 0 339,794
Additions 0 77,028 77,028
At 31 December 2024 339,794 77,028 416,822
Accumulated depreciation
At 01 January 2024 23,227 0 23,227
Charge for the financial year 10,701 7,759 18,460
At 31 December 2024 33,928 7,759 41,687
Net book value
At 31 December 2024 305,866 69,269 375,135
At 31 December 2023 316,567 0 316,567

4. Investment property

Investment property
£
Valuation
As at 01 January 2024 651,624
Additions 522,763
As at 31 December 2024 1,174,387

5. Fixed asset investments

Investments in subsidiaries

31.12.2024
£
Cost
At 01 January 2024 99
At 31 December 2024 99
Carrying value at 31 December 2024 99
Carrying value at 31 December 2023 99

Investments in associates Total
£ £
Cost or valuation before impairment
At 01 January 2024 1,860 1,860
At 31 December 2024 1,860 1,860
Carrying value at 31 December 2024 1,860 1,860
Carrying value at 31 December 2023 1,860 1,860

6. Debtors

31.12.2024 31.12.2023
£ £
Trade debtors 250 0
Prepayments 277 173
527 173

7. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Bank loans (secured) 28,504 0
Trade creditors 125 0
Taxation and social security 6,669 11,748
Other creditors 22,697 113,569
57,995 125,317

Bank loans are secured upon a property held within the Statement of Financial Position.

8. Creditors: amounts falling due after more than one year

31.12.2024 31.12.2023
£ £
Bank loans (secured) 360,841 0

Bank loans are secured upon a property held within the Statement of Financial Position.