REGISTERED NUMBER: SC372592 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

HAAR ARCHITECTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Johnson

REGISTERED OFFICE:

32 Blackie Road

Leith

Edinburgh

EH6 7ND

REGISTERED NUMBER:

SC372592 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

Monzo Bank Limited

Broadwalk House

5 Appold Street

London

EC2A 2AG

FIXED ASSETS

Tangible assets

4

3,405

5,107

CURRENT ASSETS

Debtors

5

242,304

190,411

Cash at bank

928

776

243,232

191,187

CREDITORS

Amounts falling due within one year

6

237,057

138,776

NET CURRENT ASSETS

6,175

52,411

TOTAL ASSETS LESS CURRENT LIABILITIES

9,580

57,518

CREDITORS

Amounts falling due after more than one year

7

(6,422

)

(99,757

)

PROVISIONS FOR LIABILITIES

(647

)

(970

)

NET ASSETS/(LIABILITIES)

2,511

(43,209

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,411

(43,309

)

SHAREHOLDERS' FUNDS

2,511

(43,209

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 June 2026 and were signed by:

M Johnson - Director

1.	STATUTORY INFORMATION

HAAR Architects Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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.

Turnover

Turnover consists of the sales value, excluding VAT, of work undertaken in the period falling within the company's ordinary activities to supply services to third parties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

33% on reducing balance

Financial instruments

Bank and other loans are shown at amortised cost, with interest and up front charges in connection with the loans being allocated to accounting periods by applying the effective interest rate method.

Taxation

Taxation for the year 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 March 2024

and 28 February 2025

51,827

DEPRECIATION

At 1 March 2024

46,720

Charge for year

1,702

At 28 February 2025

48,422

NET BOOK VALUE

At 28 February 2025

3,405

At 29 February 2024

5,107

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,400

1,916

Amounts recoverable on contract

2,950

15,507

Other debtors

236,954

172,988

242,304

190,411

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loan

79,402

17,241

Trade creditors

19,345

27,470

Taxation and social security

83,193

72,590

Other creditors

55,117

21,475

237,057

138,776

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

63,036

Other creditors

6,422

36,721

6,422

99,757

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

79,402

80,277

Other loans

57,224

49,730

136,626

130,007

The above loans, which are repayable by installments, are secured by personal guarantees provided by the director. Interest is charged on these loans at the rates varying between 5.90% to 11.25% per annum with total interest and charges amounting to £7,819 (2024: £4,316).

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

M Johnson

Balance outstanding at start of year

137,585

85,917

Amounts advanced

59,293

59,344

Amounts repaid

(7,810

)

(7,676

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

189,068

137,585