Company registration number 03860703 (England and Wales)
HAROLD MCKENZIE CONSULTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
HAROLD MCKENZIE CONSULTING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
HAROLD MCKENZIE CONSULTING LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
378,804
374,500
Investments
5
104,664
115,485
Cash at bank and in hand
4,081
27,706
487,549
517,691
Creditors: amounts falling due within one year
6
(91,633)
(103,602)
Net current assets
395,916
414,089
Creditors: amounts falling due after more than one year
7
(273,133)
(304,236)
Net assets
122,783
109,853
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss reserves
121,783
108,853
Total equity
122,783
109,853

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 3 November 2025
Edmond Lecourt
Director
Company registration number 03860703 (England and Wales)
HAROLD MCKENZIE CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Harold Mckenzie Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is Second Floor De Burgh House, Market Road, Wickford, Essex, England, SS12 0FD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

The revenue from the agreement with the customer for the provision of professional services is recognised when the company has completed a sale on behalf of the customer. The revenue the company is entitled to is the higher of a fixed percentage of net profits generated or the minimum income clause as stated in the agreement. Revenue is stated net of VAT and other sales related taxes.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets include debtors and cash and bank balances.

Debtors

Apart from loans, debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Cash at bank and in hand

Cash at bank and in hand include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

HAROLD MCKENZIE CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities include creditors. Apart from loans, creditors are not interest bearing and are stated at their nominal value.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
3,829
1,919
HAROLD MCKENZIE CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
378,804
67,557
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
-
0
306,943
Total debtors
378,804
374,500

Other debtors due within one year includes a loan of €3 50,000, which is due to be repaid on 31 March 202 6 (202 4: included within other debtors due after more than one year). Loan interest is charged at 2% per annum.

Other debtors due within one year includes a loan of €50,000, which was due to be repaid on 31 August 2023 (202 4: included within other debtors due after more than one year). Loan interest is charged at 3% per annum.

Other debtors due within one year includes a loan of $20,000 (202 4: $20,000), which is repayable on demand. Loan interest is charged at 3% per annum.

5
Current asset investments
2025
2024
£
£
Other investments
104,664
115,485
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
80,828
96,259
Corporation tax
3,542
1,680
Other creditors
7,263
5,663
91,633
103,602
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
273,133
304,236
HAROLD MCKENZIE CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
Creditors: amounts falling due after more than one year
(Continued)
- 5 -

Included within other creditors due after more than one year is a third party loan amounting to £2 07,004 and loan interest of £66,129. (2024: included within other creditors: £241,500 and loan interest of £62,736). The loan is repayable by 3 1 March 202 7. Interest is charged at 1.5% per annum.

8
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
9
Related party transactions

Other creditors include an interest free loan of £5,91 3 (2024: £4,41 3) due to the shareholder, which is repayable on demand.

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