U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File No. 1-9742
(Check One):
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
[X] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: September 30, 1997
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: .............................
Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: N/A
Part I - Registrant Information
Full Name of Registrant Harbourton Financial Services L.P.
Former Name if Applicable JHM Mortgage Securities L.P.
Address of Principal Executive Office (Street and Number):
2530 S. Parker Rd., Suite 500
City, State and Zip Code:
Aurora, CO 80014
Part II - Rules 12b-25 (b) and (c)
If the subject report could not be filed without unreasonable effort
or expense and the registrant seeks relief pursuant to Rule 12b-25(b),
the following should be completed. (Check box if appropriate)
[x] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
[ ] (b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof,
will be filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report or transition
report on Form 10-Q, or portion thereof, will be filed on or before
the fifth calendar day following the prescribed due date; and
[ ] (c) The accountant's statement or other exhibit required
by Rule 12b-25(c) has been attached if applicable.
Part III -- Narrative
State below in reasonable detail the reasons why Forms 10-K, 10-KSB,
11-K, 10-Q, 10-QSB, N-SAR, or the transition report, or portion thereof,
could not be filed within the prescribed time period. (Attach Extra
Sheets if Needed.)
Harbourton Financial Services L.P. (the "Company") is not able to file
its Quarterly Report on Form 10-Q for the period ended September 30,
1997 (the "10-Q") within the time period prescribed for such report
without unreasonable effort or expense. The delay in filing the
Company's 10-Q is primarily due to the Company's pending liquidation,
which will occur prior to December 31, 1997. The Company is in the
process of analyzing and completing the financial reporting for the
liquidation and is operating with a reduced staff in light of such
pending liquidation.
Part IV -- Other Information
(1) Name and telephone number of person to contact in regard to
this notification
Jack W. Schakett, Chief Executive Officer
(Name and Title)
(303) 745-3661
(Area Code) (Telephone Number)
(2) Have all other periodic reports required under Sections 13 or
15(d) of the Securities Exchange Act of 1934 or section 30 of the
Investment Company Act of 1940 during the preceding 12 months or
for such shorter period that the registrant was required to file
such report(s) been filed? If the answer is no, identify report(s).
[x]Yes []No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year
will be reflected by the earnings statements to be included in the
subject report or portion thereof?
[x]Yes []No
If so, attach an explanation of the anticipated change, both
narratively, and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be made.
As a result of the Company's previously announced determination
to liquidate, the Company changed its basis of accounting from a going
concern to a liquidation basis. Under the liquidation basis of
accounting, carrying values of assets are presented at estimated net
realizable values and liabilities are presented at estimated settlement
amounts. In addition, during the current third quarter, the Company
has continued the wind down of its operations and disposition of its
assets. Accordingly, the reported results of operations will differ
significantly from the third quarter of 1996. The Company is still
analyzing and completing the financial reporting for the current third
quarter and is not able at the present time to quantify the amount of the
anticipated change.
HARBOURTON FINANCIAL SERVICES L.P.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: November 14, 1997
By: Jack W. Schakett, Chief Executive Officer
