REGISTERED NUMBER: 15630571 (England and Wales)

Harrington Acquisition Limited

Unaudited Financial Statements

for the period

9 April 2024 to 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

J Apostolou

G Moy

Registered office:

3rd Floor

1 Ashley Road

Altrincham

Cheshire

WA14 2DT

Registered number:

15630571 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Intangible assets

4

375,038

Tangible assets

5

152,250

Investments

6

110,000

637,288

Current assets

Stocks

21,005

Debtors

7

812,818

Cash at bank

227,183

1,061,006

Creditors

Amounts falling due within one year

8

1,264,413

Net current liabilities

(203,407

)

Total assets less current liabilities

433,881

Capital and reserves

Called up share capital

9

1

Share premium

10

1,947

Other reserves

10

393,988

Retained earnings

10

37,945

Shareholders' funds

433,881

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 26 September 2025 and were signed on its behalf by:

J Apostolou - Director

1.	Statutory information

Harrington Acquisition 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.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Preparation of consolidated financial statements

The financial statements contain information about Harrington Acquisition Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover comprises membership fees in relation to the provision of co-working space, as well as ancillary services for additional services including meeting rooms and food and beverage. Turnover is recognised on an accrual basis.

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

Goodwill

Goodwill represents the amount paid in connection with the acquisition of a business in 2024. It is initially recognised as an asset at cost and is subsequently measures at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

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

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost compromises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversal of impairment losses are also recognised in profit or loss.

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 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 1 .

4.	Intangible fixed assets

Goodwill

£

Cost

Additions

381,395

At 31 December 2024

381,395

Amortisation

Amortisation for period

6,357

At 31 December 2024

6,357

Net book value

At 31 December 2024

375,038

5.	Tangible fixed assets

Fixtures

Improvements

and

to property

fittings

Totals

£

£

£

Cost

Additions

85,000

87,000

172,000

At 31 December 2024

85,000

87,000

172,000

Depreciation

Charge for period

-

19,750

19,750

At 31 December 2024

-

19,750

19,750

Net book value

At 31 December 2024

85,000

67,250

152,250

6.	Fixed asset investments

Shares in

group

undertakings

£

Cost

Additions

110,000

At 31 December 2024

110,000

Net book value

At 31 December 2024

110,000

7.

Debtors: amounts falling due within one year

£

Trade debtors

271,642

Other debtors

541,176

812,818

8.

Creditors: amounts falling due within one year

£

Trade creditors

49,502

Taxation and social security

97,462

Other creditors

1,117,449

1,264,413

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary A

0.01

1

33

Ordinary B

0.01

-

1

100 Ordinary A Shares issued on 9th April 2024 and fully paid at par.

33 Ordinary B Shares issued on 24 December 2024 and £1,947.37 paid.

10.

Reserves

Retained

Share

Other

earnings

premium

reserves

Totals

£

£

£

£

At 9 April 2024

-

1,947

-

1,947

Profit for the period

37,945

37,945

Capital contributions

-

-

393,988

393,988

At 31 December 2024

37,945

1,947

393,988

433,880