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REGISTERED NUMBER: 09507759 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HARMONY ASSET MANAGEMENT LTD

HARMONY ASSET MANAGEMENT LTD (REGISTERED NUMBER: 09507759)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

HARMONY ASSET MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: H T Suterwalla
Mrs A H Suterwalla
Dr. S H Suterwalla
Ms M H Suterwalla





REGISTERED OFFICE: 29 Welbeck street
London
W1G 8DA





REGISTERED NUMBER: 09507759 (England and Wales)





ACCOUNTANTS: Ward Divecha Limited
Chartered Accountants &
Statutory Auditors
29 Welbeck Street
London
W1G 8DA

HARMONY ASSET MANAGEMENT LTD (REGISTERED NUMBER: 09507759)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 43,257 13,498

CURRENT ASSETS
Investments 5 3,147,849 3,301,843
Cash at bank and in hand 505,305 121,382
3,653,154 3,423,225
CREDITORS
Amounts falling due within one year 6 3,132,824 3,094,752
NET CURRENT ASSETS 520,330 328,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

563,587

341,971

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 563,487 341,871
SHAREHOLDERS' FUNDS 563,587 341,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

HARMONY ASSET MANAGEMENT LTD (REGISTERED NUMBER: 09507759)

BALANCE SHEET - continued
31 MARCH 2025


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 9 June 2025 and were signed on its behalf by:





H T Suterwalla - Director


HARMONY ASSET MANAGEMENT LTD (REGISTERED NUMBER: 09507759)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Harmony Asset Management Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements have been prepared on the historical cost basis except for the modification to a fair value basis for certain financial instruments as specified in the accounting policies below.

The financial statements are presented in Sterling (£).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discount, rebate and commission charges of broker.

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

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction or year end rate. Exchange differences are taken into account in arriving at the operating result.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the twelve months from the date of signing the accounts. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Financial instruments
Financial instruments / current Investments comprise investments in quoted/ Listed equity instruments which are measured at fair value at year end. Fair value of equity is obtained from recognised stock exchange at year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

HARMONY ASSET MANAGEMENT LTD (REGISTERED NUMBER: 09507759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 61,910
Additions 57,510
At 31 March 2025 119,420
DEPRECIATION
At 1 April 2024 48,412
Charge for year 27,751
At 31 March 2025 76,163
NET BOOK VALUE
At 31 March 2025 43,257
At 31 March 2024 13,498

5. CURRENT ASSET INVESTMENTS
2025 2024
£    £   
Listed investments 3,147,849 3,301,843

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors (2 ) (2 )
Taxation and social security 63,000 29,630
Other creditors 3,069,826 3,065,124
3,132,824 3,094,752

7. RELATED PARTY DISCLOSURES

As at 31st March 2025, the company owed non-commercial and non-interest bearing loan of £3.054m (2024:£3.062m) to the director.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HARMONY ASSET MANAGEMENT LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harmony Asset Management Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Harmony Asset Management Ltd, as a body, in accordance with the terms of our engagement letter dated 25 March 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Harmony Asset Management Ltd and state those matters that we have agreed to state to the Board of Directors of Harmony Asset Management Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harmony Asset Management Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Harmony Asset Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harmony Asset Management Ltd. You consider that Harmony Asset Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Harmony Asset Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ward Divecha Limited
Chartered Accountants &
Statutory Auditors
29 Welbeck Street
London
W1G 8DA


10 June 2025