| Harvard Finance Limited |
| Registered number: |
15615635 |
| Balance Sheet |
| as at 30 April 2025 |
|
| Notes |
|
|
2025 |
|
| £ |
|
| Current assets |
| Debtors |
3 |
|
363,070 |
|
| Creditors: amounts falling due within one year |
4 |
|
(331,200) |
|
| Net current assets |
|
|
|
31,870 |
|
|
| Net assets |
|
|
|
31,870 |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
| Profit and loss account |
|
|
|
31,869 |
|
| Shareholder's funds |
|
|
|
31,870 |
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr Mohammad Ghanaat Pisheh Sanaei |
| Director |
| Approved by the board on 24 December 2025 |
|
| Harvard Finance Limited |
| Notes to the Accounts |
| for the period from 4 April 2024 to 30 April 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Income |
|
Income is measured at the fair value of the interest income receivable on accrued basis. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2025 |
|
| Number |
|
|
|
Average number of persons employed by the company |
0 |
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
| £ |
|
|
|
Other debtors |
363,069 |
|
Unpaid share capital |
1 |
|
|
|
|
|
|
363,070 |
|
|
|
Other debtors include an amount of £330,000 given out as a loan by the company to an independent borrower at an annual interest of 9.6%.
The company has taken a first charge on the borrower's freehold property as a security of this loan. |
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
| £ |
|
|
|
Other creditors |
331,200 |
|
|
|
|
|
|
|
|
| 5 |
Transactions with directors |
|
|
At the year end the company owed the director £330,000 which is repayable on the redemption of the loan given out by the company. |
|
| 6 |
Related party transactions |
|
|
|
|
|
|
|
|
|
There were no related party transactions in the year. |
|
| 7 |
Controlling party |
|
|
The company is controlled by Mr Mohammad Ghanaat Pisheh Sanaei by virtue of his 100% shareholding in the issued share capital of the company. |
|
| 8 |
Other information |
|
|
Harvard Finance Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Units 5-7 Canbury Work Canbury Business Park, Elm Crescent |
|
Kingston Upon Thames |
|
Surrey |
|
England |
|
KT2 6HJ |