IRIS Accounts Production v26.2.0.496 09503488 Board of Directors Board of Directors 1.12.24 30.11.25 30.11.25 false true false false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09503488 2024-11-30 09503488 2025-11-30 09503488 2024-12-01 2025-11-30 09503488 2023-11-30 09503488 2023-12-01 2024-11-30 09503488 2024-11-30 09503488 ns15:EnglandWales 2024-12-01 2025-11-30 09503488 ns14:PoundSterling 2024-12-01 2025-11-30 09503488 ns10:Director1 2024-12-01 2025-11-30 09503488 ns10:Director2 2024-12-01 2025-11-30 09503488 ns10:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 09503488 ns10:SmallEntities 2024-12-01 2025-11-30 09503488 ns10:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 09503488 ns10:SmallCompaniesRegimeForDirectorsReport 2024-12-01 2025-11-30 09503488 ns10:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 09503488 ns10:FullAccounts 2024-12-01 2025-11-30 09503488 1 2024-12-01 2025-11-30 09503488 ns10:OrdinaryShareClass1 2024-12-01 2025-11-30 09503488 ns10:Director3 2024-12-01 2025-11-30 09503488 ns10:RegisteredOffice 2024-12-01 2025-11-30 09503488 ns5:CurrentFinancialInstruments 2025-11-30 09503488 ns5:CurrentFinancialInstruments 2024-11-30 09503488 ns5:Non-currentFinancialInstruments 2025-11-30 09503488 ns5:Non-currentFinancialInstruments 2024-11-30 09503488 ns5:ShareCapital 2025-11-30 09503488 ns5:ShareCapital 2024-11-30 09503488 ns5:SharePremium 2025-11-30 09503488 ns5:SharePremium 2024-11-30 09503488 ns5:RetainedEarningsAccumulatedLosses 2025-11-30 09503488 ns5:RetainedEarningsAccumulatedLosses 2024-11-30 09503488 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-01 2025-11-30 09503488 ns5:ComputerSoftware 2024-12-01 2025-11-30 09503488 ns5:FurnitureFittings 2024-12-01 2025-11-30 09503488 ns5:ComputerEquipment 2024-12-01 2025-11-30 09503488 ns5:IntangibleAssetsOtherThanGoodwill 2024-11-30 09503488 ns5:IntangibleAssetsOtherThanGoodwill 2025-11-30 09503488 ns5:IntangibleAssetsOtherThanGoodwill 2024-11-30 09503488 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-11-30 09503488 ns5:FurnitureFittings 2024-11-30 09503488 ns5:ComputerEquipment 2024-11-30 09503488 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-12-01 2025-11-30 09503488 ns5:ShortLeaseholdAssets ns5:LandBuildings 2025-11-30 09503488 ns5:FurnitureFittings 2025-11-30 09503488 ns5:ComputerEquipment 2025-11-30 09503488 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-11-30 09503488 ns5:FurnitureFittings 2024-11-30 09503488 ns5:ComputerEquipment 2024-11-30 09503488 ns5:AdditionsToInvestments 2025-11-30 09503488 ns5:CostValuation 2025-11-30 09503488 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-11-30 09503488 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-11-30 09503488 ns5:AfterOneYear ns5:Non-currentFinancialInstruments 2025-11-30 09503488 ns5:AfterOneYear ns5:Non-currentFinancialInstruments 2024-11-30 09503488 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-11-30 09503488 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-11-30 09503488 ns5:WithinOneYear 2025-11-30 09503488 ns5:WithinOneYear 2024-11-30 09503488 ns5:BetweenOneFiveYears 2025-11-30 09503488 ns5:BetweenOneFiveYears 2024-11-30 09503488 ns5:AllPeriods 2025-11-30 09503488 ns5:AllPeriods 2024-11-30 09503488 ns10:OrdinaryShareClass1 2025-11-30

REGISTERED NUMBER: 09503488 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

HARRISON MORGAN LIMITED

TRADING AS

HELM

| HARRISON MORGAN LIMITED (REGISTERED NUMBER: 09503488) |

| TRADING AS HELM |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 November 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| HARRISON MORGAN LIMITED |

| TRADING AS HELM |

COMPANY INFORMATION

for the Year Ended 30 November 2025

| DIRECTORS: | S Morgan

| P Harrison

| R Haller

| REGISTERED OFFICE: | 10 London Mews

| Paddington

| LONDON

| W2 1HY

| REGISTERED NUMBER: | 09503488 (England and Wales)

| ACCOUNTANTS: | Stein Richards

| Chartered Accountants

| 10 London Mews

| Paddington

| LONDON

| W2 1HY

| HARRISON MORGAN LIMITED (REGISTERED NUMBER: 09503488) |

| TRADING AS HELM |

BALANCE SHEET

30 November 2025

| 30.11.25 | 30.11.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 540,134 |  | 283,107 |  |

Tangible assets | 5 | 7,404 |  | 22,651 |  |

Investments | 6 | 100 |  | - |  |

547,638 |  | 305,758 |  |

CURRENT ASSETS

Debtors | 7 | 7,266,155 |  | 4,954,748 |  |

Cash at bank | 540,015 |  | 462,333 |  |

7,806,170 |  | 5,417,081 |  |

CREDITORS

Amounts falling due within one year | 8 | 8,087,381 |  | 5,589,568 |  |

NET CURRENT LIABILITIES | (281,211 | ) | (172,487 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 266,427 |  | 133,271 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (21,842 | ) | (8,512 | ) |

PROVISIONS FOR LIABILITIES | (404 | ) | - |  |

NET ASSETS | 244,181 |  | 124,759 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 42,000 |  | 42,000 |  |

Share premium | 588,000 |  | 588,000 |  |

Retained earnings | (385,819 | ) | (505,241 | ) |

SHAREHOLDERS' FUNDS | 244,181 |  | 124,759 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

| HARRISON MORGAN LIMITED (REGISTERED NUMBER: 09503488) |

| TRADING AS HELM |

BALANCE SHEET - continued

30 November 2025

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 Board of Directors and authorised for issue on 17 August 2026 and were signed on its behalf by:

S Morgan - Director

P Harrison - Director

| HARRISON MORGAN LIMITED (REGISTERED NUMBER: 09503488) |

| TRADING AS HELM |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| Harrison Morgan Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

| Going Concern

| The accounts have been prepared on the going concern basis. The directors consider that there are no material uncertainties regarding the company's ability to continue in operational existence for the foreseeable future, which is deemed to be 12 months from the date of approval of the financial statements.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover represents net commission receivable, excluding value added tax. Commission arises on the brokering of yacht charters and is recognised by reference to the stage of completion. For some contracts completion arises on payment of the deposit for the charter, for other contracts it is on a date of travel basis.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Website development is being amortised evenly over its estimated useful life of nil years.

| Tangible fixed assets

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

| Fixtures and fittings | - | 33.33% straight line

| Website & Computer equipmt | - | 33.33% straight line

| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Financial instruments

| The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors, trade creditors, other debtors and other creditors.

| The basic financial instruments are initially recognised at transaction price and subsequently carried at amortised cost.

| HARRISON MORGAN LIMITED (REGISTERED NUMBER: 09503488) |

| TRADING AS HELM |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises prior year tax 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 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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 contributes to a work place pension scheme. Contributions payable to the scheme are charged to the profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 23 (2024 - 19 ) .

| HARRISON MORGAN LIMITED (REGISTERED NUMBER: 09503488) |

| TRADING AS HELM |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 November 2025

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 December 2024 | 330,292 |  |

| Additions | 365,053 |  |

| At 30 November 2025 | 695,345 |  |

| AMORTISATION

| At 1 December 2024 | 47,185 |  |

| Charge for year | 108,026 |  |

| At 30 November 2025 | 155,211 |  |

| NET BOOK VALUE

| At 30 November 2025 | 540,134 |  |

| At 30 November 2024 | 283,107 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |  | Website & |

| Short |  | and |  | Computer |

| leasehold |  | fittings |  | equipmt |  | Totals

£ | £ | £ | £ |

| COST

| At 1 December 2024 | 7,283 |  | 9,435 |  | 208,275 |  | 224,993 |  |

| Additions | - |  | - |  | 2,181 |  | 2,181 |  |

| At 30 November 2025 | 7,283 |  | 9,435 |  | 210,456 |  | 227,174 |  |

| DEPRECIATION

| At 1 December 2024 | 2,063 |  | 8,468 |  | 191,811 |  | 202,342 |  |

| Charge for year | 1,457 |  | 880 |  | 15,091 |  | 17,428 |  |

| At 30 November 2025 | 3,520 |  | 9,348 |  | 206,902 |  | 219,770 |  |

| NET BOOK VALUE

| At 30 November 2025 | 3,763 |  | 87 |  | 3,554 |  | 7,404 |  |

| At 30 November 2024 | 5,220 |  | 967 |  | 16,464 |  | 22,651 |  |

| HARRISON MORGAN LIMITED (REGISTERED NUMBER: 09503488) |

| TRADING AS HELM |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 November 2025

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| Additions | 100 |  |

| At 30 November 2025 | 100 |  |

| NET BOOK VALUE

| At 30 November 2025 | 100 |  |

7. | DEBTORS

| 30.11.25 |  | 30.11.24

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 6,778,492 |  | 4,872,985 |  |

| Amounts owed by group undertakings | 408,696 |  | - |  |

| Other debtors | 57,125 |  | 81,763 |  |

7,244,313 |  | 4,954,748 |  |

| Amounts falling due after more than one year:

| Trade debtors | 21,842 |  | - |  |

| Aggregate amounts | 7,266,155 |  | 4,954,748 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.11.25 |  | 30.11.24

£ | £ |

| Bank loans and overdrafts | 5,293 |  | 14,673 |  |

| Trade creditors | 7,058,864 |  | 4,938,499 |  |

| Social security and other taxes | 28,808 |  | 25,038 |  |

| VAT | 27,900 |  | - |  |

| Other creditors | 226,822 |  | 2,947 |  |

| Directors' current accounts | 169,771 |  | 169,771 |  |

| Deferred income | 559,923 |  | 428,640 |  |

| Accrued expenses | 10,000 |  | 10,000 |  |

8,087,381 |  | 5,589,568 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.11.25 |  | 30.11.24

£ | £ |

| Bank loans - 1-2 years | - |  | 5,291 |  |

| Trade creditors | 21,842 |  | - |  |

| Deferred income | - |  | 3,221 |  |

21,842 |  | 8,512 |  |

| HARRISON MORGAN LIMITED (REGISTERED NUMBER: 09503488) |

| TRADING AS HELM |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 November 2025

10. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 30.11.25 |  | 30.11.24

£ | £ |

| Within one year | 136,175 |  | 75,184 |  |

| Between one and five years | 119,153 |  | 6,265 |  |

255,328 |  | 81,449 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.11.25 |  | 30.11.24

| value: | £ | £ |

| 42,000 | Ordinary | £1 | 42,000 |  | 42,000 |  |

| All shares have the same income, capital and winding up rights.

12. | RELATED PARTY DISCLOSURES

| During the year no movement arose on monies owed to the directors. As at 30th November 2025 this remains at £169,711, included within Other Creditors. The loans are repayable on demand and interest is charged.