Registration number: 09874625

Hartex Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Hartex Limited

Company Information

Director

Mr Oisin Gibson

Registered office

Silver Rose Unit 21 East Lodge Village East Lodge Lane Enfield England EN2 8AS

Accountants

Paul Winston Limited Chartered AccountantsSilver Rose Unit 21 East Lodge Village East Lodge Lane Enfield EN2 8AS

Hartex Limited

(Registration number: 09874625)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	79,000	79,000
Other financial assets	5	1,508,752	2
		1,587,752	79,002
Current assets
Debtors	6	775,550	396,550
Cash at bank and in hand		220,740	608,042
		996,290	1,004,592
Creditors: Amounts falling due within one year	7	(789,512)	(78,729)
Net current assets		206,778	925,863
Total assets less current liabilities		1,794,530	1,004,865
Creditors: Amounts falling due after more than one year	7	-	(14,911)
Net assets		1,794,530	989,954
Capital and reserves
Called up share capital	8	102	102
Revaluation reserve		36,699	36,699
Retained earnings		1,757,729	953,153
Shareholders' funds		1,794,530	989,954

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Hartex Limited

(Registration number: 09874625)
Balance Sheet as at 31 May 2025

Approved and authorised by the director on 3 September 2026
 

......................................... Mr Oisin Gibson Director

Hartex Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Silver Rose Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS
England

These financial statements were authorised for issue by the director on 3 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Investment property	market value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Hartex Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

Hartex Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 June 2024	79,000	79,000
At 31 May 2025	79,000	79,000
Depreciation
Carrying amount
At 31 May 2025	79,000	79,000
At 31 May 2024	79,000	79,000

Included within the net book value of land and buildings above is £79,000 (2024 - £79,000) in respect of freehold land and buildings.
 

Hartex Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 June 2024	2	2
Additions	1,508,750	1,508,750
At 31 May 2025	1,508,752	1,508,752
Impairment
Carrying amount
At 31 May 2025	1,508,752	1,508,752

6

Debtors

Current	2025 £	2024 £
Other debtors	775,550	396,550
	775,550	396,550

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	750	5,163
Taxation and social security		101	101
Other creditors		788,661	73,465
		789,512	78,729

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	-	14,911

Hartex Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary O of £1 each	99	99	99	99
Ordinary G of £1 each	1	1	1	1
Ordinary L of £1 each	1	1	1	1
Ordinary OS of £1 each	1	1	1	1
	102	102	102	102

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	14,911

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	1,660
Other borrowings	750	3,503
	750	5,163

10

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £308.08 per each Ordinary O		30,500		30,500
Interim dividend of £38,500.00 (2024 - £38,000.00) per each Ordinary G		38,500		38,000
Interim dividend of £38,500.00 (2024 - £38,000.00) per each Ordinary L		38,500		38,000
Interim dividend of £38,500.00 (2024 - £51,500.00) per each Ordinary OS		38,500		51,500
		146,000		158,000