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REGISTERED NUMBER: 08391960 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Harmer Financial Services Limited

Harmer Financial Services Limited (Registered number: 08391960)






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


Harmer Financial Services Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: G J Harmer ATT CTA Dip PFS CII





SECRETARY:





REGISTERED OFFICE: 6 Chestnut Avenue
Tunbridge Wells
Kent
TN4 0BP





REGISTERED NUMBER: 08391960 (England and Wales)





ACCOUNTANTS: T M Dauncey F C C A
4 Kentish Gardens
Tunbridge Wells
Kent
TN2 5XU

Harmer Financial Services Limited (Registered number: 08391960)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 463 690
Investments 5 268,935 364,340
269,398 365,030

CURRENT ASSETS
Debtors 6 18,565 33,562
Cash at bank 118,871 80,412
137,436 113,974
CREDITORS
Amounts falling due within one year 7 38,052 32,934
NET CURRENT ASSETS 99,384 81,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

368,782

446,070

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 368,781 446,069
SHAREHOLDERS' FUNDS 368,782 446,070

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 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.

Harmer Financial Services Limited (Registered number: 08391960)

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 director and authorised for issue on 17 June 2025 and were signed by:





G J Harmer ATT CTA Dip PFS CII - Director


Harmer Financial Services Limited (Registered number: 08391960)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Harmer Financial Services 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. 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.

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

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.

Pension costs and other post-retirement benefits
Where funds and allowances permit and where the planned employer contribution is deemed to fall within the rules of s34 Income Tax (Trading and Other Income) Act 2005 and s54 Corporation Tax Act 2009, the company intends to make pension contributions for the benefit of the sole director

Harmer Financial Services Limited (Registered number: 08391960)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 10,202
DEPRECIATION
At 1 April 2024 9,512
Charge for year 227
At 31 March 2025 9,739
NET BOOK VALUE
At 31 March 2025 463
At 31 March 2024 690

5. FIXED ASSET INVESTMENTS

Fixed Asset Investments constitute shares in Rockwells Investment Advisers Limited (RIA) a company dissolved on 16 March 2021.

The capital movement of the business from RIA to HFSL was on a 'no gain no loss basis'

The investment will be subjected to impairment reviews on an annual basis under FRS 102 s27 to assess the carrying value of the investment and whether any adjustment be required to that shown in the accounts for the current year.

On review of the current year, the impairment to the cost paid for RIA of £95,405 and thereby a reduction in the carrying value of the RIA investment shown in the balance sheet, is calculated as relating to the reduction in the value of the client base acquired by the company on 16 March 2021.

The formula used when reviewing the affected clients, is the same as that within the original purchase agreement on arriving at the purchase cost. The impairment is posted accordingly to the current years profit and loss account leading to a reduction in the carrying value of the RIA investment in the balance sheet

Harmer Financial Services Limited (Registered number: 08391960)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.25 31.3.24
£    £   
Other debtors 18,565 33,562

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.25 31.3.24
£    £   
Trade creditors 700 1,928
Taxation and social security 37,344 30,968
Other creditors 8 38
38,052 32,934

8. RELATED PARTY DISCLOSURES

The controlling party is G J Harmer ATT CTA Dip PFS CII.

The Director has made funds available to the company to a current value of £8 on the basis of a non interest bearing loan.The company pays the director a commercial rent for the use of office and meeting facilities at his private residence - this sum is disclosed and assessed on his personal self assessment tax return.