Habarts Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3

Registered number: 06711937

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Cash at bank and in hand		78,473		100,975

		78,473		100,975
Creditors: Amounts Falling Due Within One Year		(7,263 )		(31,397 )

NET CURRENT ASSETS (LIABILITIES)			71,210		69,578

TOTAL ASSETS LESS CURRENT LIABILITIES			71,210		69,578

NET ASSETS			71,210		69,578

Income and Expenditure Account			71,210		69,578

MEMBERS' FUNDS			71,210		69,578

Page 1

Page 2

Habarts Limited

Balance Sheet (continued)

As At 31 March 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Ms Tamsin Drury

Director

30/10/2025

The notes on page 3 form part of these financial statements.

1. General Information

Habarts Limited is a private company limited by guarantee, incorporated in England & Wales, registered number 06711937 . The registered office is 9 Cooper House, Camelford Close, Manchester, M15 6DX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Revenue recognition

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

5. Share Capital

6. Related Party Transactions

Tamsin Drury, the only officer of the Company, received a small salary for her services as a Director - £12,000 (2024- £14,856). She was also engaged by the Company to provide her professional arts development services. In the period under review the value of fees paid to Tamsin Drury was £9,000 (2024 - £10,383).

The balance under the head “Funds held for trust” amounting to £134.50 (Previous Year: £21,433.65) relates to Manchester Independents. During the year, expenses amounting to £21,517.22 were paid on behalf of Manchester Independents from these funds. These monies are held in trust and do not form part of the organisation’s own funds, as the organisation has no beneficial interest in them.

Tamsin Drury is also a Director of Manchester Independents.

7. Company Limited by Guarantee

The company is limited by guarantee and has no share capital.

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