REGISTERED NUMBER: 02983471 (England and Wales)

Hark London Limited

Unaudited Financial Statements

For The Period 3 March 2024 to 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K J McColl

Ms V R Millar

REGISTERED OFFICE:

Kings Croft

Jaspers Green

Shalford

Essex

CM7 5AT

REGISTERED NUMBER:

02983471 (England and Wales)

ACCOUNTANTS:

Streets ISA Ltd

Building 15

Gateway 1000

Arlington Business Park

Stevenage

Hertfordshire

SG1 2FP

FIXED ASSETS

Tangible assets

4

13,520

14,709

Investments

5

-

100

13,520

14,809

CURRENT ASSETS

Debtors: amounts falling due within one year

6

1,720,304

1,552,804

Cash at bank

991,972

1,035,597

2,712,276

2,588,401

CREDITORS

Amounts falling due within one year

7

(1,486,430

)

(2,076,283

)

NET CURRENT ASSETS

1,225,846

512,118

TOTAL ASSETS LESS CURRENT LIABILITIES

1,239,366

526,927

CAPITAL AND RESERVES

Called up share capital

3,267,662

3,267,662

Share premium

192,920

192,920

Capital redemption reserve

1,696

1,696

Other reserves

(1,070

)

(1,070

)

Retained earnings

(2,221,842

)

(2,934,281

)

1,239,366

526,927

1,239,366

526,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

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 3 September 2025 and were signed on its behalf by:

Ms V R Millar - Director

1.	STATUTORY INFORMATION

Hark London 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the fair value of consideration received or receivable in respect of services rendered during the year, exclusive of value added tax. Revenue is recognised when it is probable that the economic benefits associated with the transaction will flow to the company, the amount of revenue can be measured reliably, and the stage of completion of the service can be determined with reasonable certainty.

Revenue arising from the provision of design and associated services is recognised over time by reference to the stage of completion of each contract. The stage of completion is assessed by comparing the services performed to date against the total services required under the contract. Where the outcome of a contract cannot be estimated reliably, revenue is recognised only to the extent of the costs incurred that are expected to be recoverable.

Tangible fixed assets

Plant and machinery: 60% Reducing balance method

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 material 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 33 (2024 - 58 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 3 March 2024

87,663

Additions

11,160

At 31 December 2024

98,823

DEPRECIATION

At 3 March 2024

72,954

Charge for period

12,349

At 31 December 2024

85,303

NET BOOK VALUE

At 31 December 2024

13,520

At 2 March 2024

14,709

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 3 March 2024

100

Disposals

(100

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 2 March 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade debtors

567,658

1,198,147

Other debtors

1,152,646

354,657

1,720,304

1,552,804

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade creditors

116,075

225,527

Taxation and social security

110,229

220,466

Accruals and deferred income

1,260,126

1,630,290

1,486,430

2,076,283

8.	DEFERRED TAX

£

Accelerated capital allowances

3,380

Tax losses carried forward

(390,028

)

Balance at 31 December 2024

(386,648

)

The directors have reviewed the deferred tax assets arising from carried-forward tax losses and, having considered the recoverability based on projected future taxable profits, are satisfied that no material adjustment is necessary