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REGISTERED NUMBER: 02495671




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

HARMAT LIMITED

HARMAT LIMITED (REGISTERED NUMBER: 02495671)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARMAT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: A W Matthews
Mrs A Matthews





SECRETARY: Mrs A Matthews





REGISTERED OFFICE: 174 West End Lane
West Hampstead
London
NW6 1SD





REGISTERED NUMBER: 02495671





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

HARMAT LIMITED (REGISTERED NUMBER: 02495671)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 285 380
Investment property 5 2,144,070 2,144,070
2,144,355 2,144,450

CURRENT ASSETS
Debtors 6 197,669 202,200
Cash at bank 494,912 411,707
692,581 613,907
CREDITORS
Amounts falling due within one year 7 59,756 53,563
NET CURRENT ASSETS 632,825 560,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,777,180

2,704,794

PROVISIONS FOR LIABILITIES 8 366,254 366,254
NET ASSETS 2,410,926 2,338,540

CAPITAL AND RESERVES
Called up share capital 501 501
Fair value reserve 9 1,058,998 1,058,998
Retained earnings 9 1,351,427 1,279,041
SHAREHOLDERS' FUNDS 2,410,926 2,338,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

HARMAT LIMITED (REGISTERED NUMBER: 02495671)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 and authorised for issue by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:




A W Matthews - Director



Mrs A Matthews - Director


HARMAT LIMITED (REGISTERED NUMBER: 02495671)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Harmat Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

HARMAT LIMITED (REGISTERED NUMBER: 02495671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2023
and 30 November 2024 29,979
DEPRECIATION
At 1 December 2023 29,599
Charge for year 95
At 30 November 2024 29,694
NET BOOK VALUE
At 30 November 2024 285
At 30 November 2023 380

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 2,144,070
NET BOOK VALUE
At 30 November 2024 2,144,070
At 30 November 2023 2,144,070

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2001 199,323
Valuation in 2002 50,000
Valuation in 2003 40,526
Valuation in 2006 50,000
Valuation in 2011 122,465
Valuation in 2012 452,700
Valuation in 2014 300,000
Valuation in 2015 250,000
Cost 679,056
2,144,070

HARMAT LIMITED (REGISTERED NUMBER: 02495671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 679,056 679,056

Investment properties were valued on an open market basis on 30 November 2023 by A W Matthews, director of the company .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,033 8,569
Other debtors 187,356 187,356
Rental deposit 5,000 5,000
Prepayments 1,280 1,275
197,669 202,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 23,582 17,610
Other creditors 10,014 10,014
Directors' current accounts 19,384 19,384
Accruals and deferred income 6,776 6,555
59,756 53,563

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 366,254 366,254

Deferred
tax
£   
Balance at 1 December 2023 366,254
Balance at 30 November 2024 366,254

HARMAT LIMITED (REGISTERED NUMBER: 02495671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2023 1,279,041 1,058,998 2,338,039
Profit for the year 72,386 72,386
At 30 November 2024 1,351,427 1,058,998 2,410,425