Hartley and Tissier (UK) Limited Company accounts

COMPANY REGISTRATION NUMBER: 10978422

HARTLEY AND TISSIER (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

31 December 2024

HARTLEY AND TISSIER (UK) LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

CONTENTS	PAGE

Officers and Professional Advisers	1

Directors' Report	2

Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements	3

Statement of Income and Retained Earnings	4

Statement of Financial Position	5

Notes to the Financial Statements	7

HARTLEY AND TISSIER (UK) LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The Board of Directors	A E S Hartley
	J M Davey

Registered Office	Unit 24 Knightsbridge Business Centre
	Knightsbridge
	Cheltenham
	Gloucestershire
	GL51 9TA

Accountants	Neville Weston Limited
	Chartered Certified Accountants
	3 High Street
	St Lawrence
	Ramsgate
	Kent
	CT11 0QL

HARTLEY AND TISSIER (UK) LIMITED

DIRECTORS' REPORT

YEAR ENDED 31 DECEMBER 2024

The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024 .

Directors

The directors who served the company during the year were as follows:

A E S Hartley
J M Davey

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 10 September 2025 and signed on behalf of the board by:

A E S Hartley

Director

Registered office:

Unit 24 Knightsbridge Business Centre

Knightsbridge

Cheltenham

Gloucestershire

GL51 9TA

HARTLEY AND TISSIER (UK) LIMITED

REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HARTLEY AND TISSIER (UK) LIMITED

YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hartley and Tissier (UK) Limited for the year ended 31 December 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.

Neville Weston Limited Chartered Certified Accountants

3 High Street St Lawrence Ramsgate Kent CT11 0QL

10 September 2025

HARTLEY AND TISSIER (UK) LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS

YEAR ENDED 31 DECEMBER 2024

	2024	2023
Note	£	£
TURNOVER	838,809	1,410,216

Cost of sales	476,631	992,616
	-----------	--------------
GROSS PROFIT	362,178	417,600

Administrative expenses	218,149	270,104
	-----------	-----------
OPERATING PROFIT	144,029	147,496

Income from shares in group undertakings		41,595	135,027
Other interest receivable and similar income		37,720	9,269
Amounts written off investments		25,000	74,500
Interest payable and similar expenses		37,800	97,450
		-----------	-----------
PROFIT BEFORE TAXATION	5	160,544	119,842

Tax on profit	38,223	36,098
	-----------	-----------
PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME	122,321	83,744
	-----------	-----------

Dividends paid and payable	( 140,000)	( 74,000)

RETAINED EARNINGS AT THE START OF THE YEAR	907,357	897,613
	-----------	-----------
RETAINED EARNINGS AT THE END OF THE YEAR	889,678	907,357
	-----------	-----------

All the activities of the company are from continuing operations.

HARTLEY AND TISSIER (UK) LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£

FIXED ASSETS

Tangible assets	6	–	9,078
Investments	7	4,480	29,480
		--------	---------
		4,480	38,558

CURRENT ASSETS

Stocks		–	177,632
Debtors	8	408,212	423,097
Investments	9	666,989	629,269
Cash at bank and in hand		216,881	358,147
		--------------	--------------
		1,292,082	1,588,145

CREDITORS: amounts falling due within one year	10	380,634		693,096
		--------------		--------------
NET CURRENT ASSETS			911,448	895,049
			-----------	-----------
TOTAL ASSETS LESS CURRENT LIABILITIES			915,928	933,607

CREDITORS: amounts falling due after more than one year	11	16,250	16,250
		-----------	-----------
NET ASSETS		899,678	917,357
		-----------	-----------

CAPITAL AND RESERVES

Called up share capital	10,000	10,000
Profit and loss account	889,678	907,357
	-----------	-----------
SHAREHOLDERS FUNDS	899,678	917,357
	-----------	-----------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HARTLEY AND TISSIER (UK) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 10 September 2025 , and are signed on behalf of the board by:

A E S Hartley	J M Davey
Director	Director

Company registration number: 10978422

HARTLEY AND TISSIER (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 24 Knightsbridge Business Centre, Knightsbridge, Cheltenham, Gloucestershire, GL51 9TA.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Corporation Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign Currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures & Fittings	-	15% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in Associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 8 (2023: 7 ).

5. PROFIT BEFORE TAXATION

Profit before taxation is stated after charging:

	2024	2023
	£	£
Depreciation of tangible assets	2,094	1,602
Impairment of investments in associates	25,000	74,500
	---------	---------

6. TANGIBLE ASSETS

	Fixtures and fittings	Total
	£	£
Cost
At 1 January 2024	24,388	24,388
Additions	4,883	4,883
Disposals	( 29,271)	( 29,271)
	---------	---------
At 31 December 2024	–	–
	---------	---------
Depreciation
At 1 January 2024	15,310	15,310
Charge for the year	2,094	2,094
Disposals	( 17,404)	( 17,404)
	---------	---------
At 31 December 2024	–	–
	---------	---------
Carrying amount
At 31 December 2024	–	–
	---------	---------
At 31 December 2023	9,078	9,078
	---------	---------

7. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	103,980
	-----------
Impairment
At 1 January 2024	74,500
Impairment losses	25,000
	-----------
At 31 December 2024	99,500
	-----------

Carrying amount
At 31 December 2024	4,480
	-----------
At 31 December 2023	29,480
	-----------

8. DEBTORS

	2024	2023
	£	£
Trade debtors	–	91,595
Amounts owed by group undertakings and undertakings in which the company has a participating interest	300,364	–
Other debtors	107,848	331,502
	-----------	-----------
	408,212	423,097
	-----------	-----------

9. INVESTMENTS

	2024	2023
	£	£
Other investments	666,989	629,269
	-----------	-----------

10. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	1,454	107,143
Corporation tax	38,277	36,221
Social security and other taxes	–	13,081
Other creditors	80,579	156,552
Other creditors	260,324	380,099
	-----------	-----------
	380,634	693,096
	-----------	-----------

11. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	16,250	16,250
	---------	---------

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
A E S Hartley	( 314,035)	90,118	( 223,917)
J M Davey	( 13,909)	( 6,998)	( 20,907)
	-----------	---------	-----------
	( 327,944)	83,120	( 244,824)
	-----------	---------	-----------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
A E S Hartley	( 333,266)	19,231	( 314,035)
J M Davey	( 26,779)	12,870	( 13,909)
	-----------	---------	-----------
	( 360,045)	32,101	( 327,944)
	-----------	---------	-----------

13. RELATED PARTY TRANSACTIONS

During the year the Company sold goods and services of £ 246,436 (2023 £ 485,117 ) to Hartley's of Paris a French Company of which Mr A E S Hartley is a Director. During the year the Company sold goods and services of £ 57,947 (2023 £ 57,708 ) to Hartley Switzerland SARL a Swiss Company of which Mr A E S Hartley is a Director.