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REGISTERED NUMBER: 09956940 (England and Wales)









AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

HARNHAM EUROPE LIMITED

HARNHAM EUROPE LIMITED (REGISTERED NUMBER: 09956940)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HARNHAM EUROPE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: S J Clarke
D Farmer
S Lawrence





REGISTERED OFFICE: 3rd Floor, Melbury House
51 Wimbledon Hill Road
Wimbledon
London
SW19 7QW





REGISTERED NUMBER: 09956940 (England and Wales)





AUDITORS: Hartley Fowler LLP
Statutory Auditors
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

HARNHAM EUROPE LIMITED (REGISTERED NUMBER: 09956940)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 185 86
185 86

CURRENT ASSETS
Debtors 6 392,717 263,302
Cash at bank 18,067 55,461
410,784 318,763
CREDITORS
Amounts falling due within one year 7 467,528 302,751
NET CURRENT (LIABILITIES)/ASSETS (56,744 ) 16,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,559

)

16,098

CAPITAL AND RESERVES
Called up share capital 10 10
Share premium 2,824 2,824
Retained earnings (59,393 ) 13,264
SHAREHOLDERS' FUNDS (56,559 ) 16,098

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 15 August 2025 and were signed on its behalf by:





S J Clarke - Director


HARNHAM EUROPE LIMITED (REGISTERED NUMBER: 09956940)

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


1. STATUTORY INFORMATION

Harnham Europe 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.

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.

Turnover
Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Revenue recognition
Turnover represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 recognized 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
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

HARNHAM EUROPE LIMITED (REGISTERED NUMBER: 09956940)

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


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 833
DEPRECIATION
At 1 December 2023
and 30 November 2024 833
NET BOOK VALUE
At 30 November 2024 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2023 86
Additions 99
At 30 November 2024 185
NET BOOK VALUE
At 30 November 2024 185
At 30 November 2023 86

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,038 96,142
Amounts owed by group undertakings 351,839 143,659
Other debtors 7,840 23,501
392,717 263,302

HARNHAM EUROPE LIMITED (REGISTERED NUMBER: 09956940)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 80 -
Amounts owed to group undertakings 438,742 224,829
Taxation and social security 5,274 1,396
Other creditors 23,432 76,526
467,528 302,751

8. SECURED DEBTS

The company has a receivables finance agreement with their bankers to provide an invoice discounting facility. The agreement includes a fixed and floating charge over the assets of the company. At the balance sheet date the amount drawn down on the facility and owing to the bank was £140 (2023 - £nil).

Another group company has a debenture including Fixed Charge over all present freehold and leasehold property; First Fixed Charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and First Floating Charge over all assets and undertaking both present and future dated 29 October 2012.

Unlimited Multilateral Guarantee dated 17 June 2022 given by Harnham Group Limited, Rockborne Limited, Harnham Search and Selection Limited and Harnham Europe Limited.

Contract Monies charge dated 03 August 2022

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Askew (Senior Statutory Auditor)
for and on behalf of Hartley Fowler LLP

10. RELATED PARTY DISCLOSURES

The administration of the company is performed by the related company Harnham Search and Selection Limited which subsequently recharges for these services through the intercompany loan. The balance is not secured, does not bear interest and has no repayment terms.

11. ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is Harnham Group Limited. The registered office is 3rd Floor Melbury House, 51 Wimbledon Hill Road, London, SW19 7QW.