Registered number
12192976
Hard Assets Ltd
Filleted Accounts
30 September 2024
Hard Assets Ltd
Registered number: 12192976
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 100,000 100,000
Current assets
Debtors 4 2,800 800
Cash at bank and in hand 1,525 3,384
4,325 4,184
Creditors: amounts falling due within one year 5 (100,613) (100,721)
Net current liabilities (96,288) (96,537)
Net assets 3,712 3,463
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,612 3,363
Shareholder's funds 3,712 3,463
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Banks
Director
Approved by the board on 18 June 2025
Hard Assets Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2023 100,000
At 30 September 2024 100,000
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 100,000
At 30 September 2023 100,000
4 Debtors 2024 2023
£ £
Trade debtors 2,800 800
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 100,000 100,000
Trade creditors 334 -
Taxation and social security costs 295 237
Other creditors (16) 484
100,613 100,721
6 Other information
Hard Assets Ltd is a private company limited by shares and incorporated in England. Its registered office is:
129b High Street
Stevenage
Herts
SG1 3HS
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