Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-3112021-01-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10624864 2021-01-01 2021-12-31 10624864 2020-01-01 2020-12-31 10624864 2021-12-31 10624864 2020-12-31 10624864 c:Director1 2021-01-01 2021-12-31 10624864 d:PlantMachinery 2021-01-01 2021-12-31 10624864 d:PlantMachinery 2021-12-31 10624864 d:PlantMachinery 2020-12-31 10624864 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10624864 d:FurnitureFittings 2021-01-01 2021-12-31 10624864 d:FurnitureFittings 2021-12-31 10624864 d:FurnitureFittings 2020-12-31 10624864 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10624864 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10624864 d:FreeholdInvestmentProperty 2021-01-01 2021-12-31 10624864 d:FreeholdInvestmentProperty 2021-12-31 10624864 d:FreeholdInvestmentProperty 2020-12-31 10624864 d:CurrentFinancialInstruments 2021-12-31 10624864 d:CurrentFinancialInstruments 2020-12-31 10624864 d:Non-currentFinancialInstruments 2021-12-31 10624864 d:Non-currentFinancialInstruments 2020-12-31 10624864 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10624864 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 10624864 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 10624864 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 10624864 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 10624864 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-12-31 10624864 d:ShareCapital 2021-12-31 10624864 d:ShareCapital 2020-12-31 10624864 d:InvestmentPropertiesRevaluationReserve 2021-12-31 10624864 d:InvestmentPropertiesRevaluationReserve 2020-12-31 10624864 d:RetainedEarningsAccumulatedLosses 2021-12-31 10624864 d:RetainedEarningsAccumulatedLosses 2020-12-31 10624864 c:FRS102 2021-01-01 2021-12-31 10624864 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 10624864 c:FullAccounts 2021-01-01 2021-12-31 10624864 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 10624864










HARRISON COMMERCIAL PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
HARRISON COMMERCIAL PROPERTIES LIMITED
 
 
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 DECEMBER 2021

2021
2020
Note
£
£

  

Turnover
  
86,757
209,231

Gross profit
  
86,757
209,231

Administrative expenses
  
(98,838)
66,838

Operating (loss)/profit
  
(12,081)
276,069

Interest payable and similar expenses
  
(14,535)
(17,279)

(Loss)/profit before tax
  
(26,616)
258,790

Tax on (loss)/profit
  
(103,704)
(49,170)

(Loss)/profit after tax
  
(130,320)
209,620

  

  

Retained earnings at the beginning of the year
  
573,002
363,382

(Loss)/profit for the year
  
(130,320)
209,620

Retained earnings at the end of the year
  
442,682
573,002
The notes on pages 4 to 9 form part of these financial statements.

Page 1

 
HARRISON COMMERCIAL PROPERTIES LIMITED
REGISTERED NUMBER: 10624864

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,625
-

Investment property
 5 
3,131,886
3,100,000

  
3,136,511
3,100,000

Current assets
  

Debtors: amounts falling due within one year
 6 
49,273
32,135

Cash at bank and in hand
  
7,578
118,225

  
56,851
150,360

Creditors: amounts falling due within one year
 7 
(700,372)
(684,817)

Net current liabilities
  
 
 
(643,521)
 
 
(534,457)

Total assets less current liabilities
  
2,492,990
2,565,543

Creditors: amounts falling due after more than one year
 8 
(541,427)
(592,893)

Provisions for liabilities
  

Deferred tax
  
(336,749)
(227,516)

  
 
 
(336,749)
 
 
(227,516)

Net assets
  
1,614,814
1,745,134


Capital and reserves
  

Called up share capital 
  
100
100

Investment property reserve
  
1,172,032
1,172,032

Profit and loss account
  
442,682
573,002

  
1,614,814
1,745,134


Page 2

 
HARRISON COMMERCIAL PROPERTIES LIMITED
REGISTERED NUMBER: 10624864
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






C P Goddard
Director

Date: 11 July 2022

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
HARRISON COMMERCIAL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Harrison Commercial Properties Limited (10624864), is a private company limited by shares and incorporated in England & Wales. Its registered office is: 6 Hackwood Business Park, Water End, Basingstoke, Hampshire, RG24 7BA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in GBP rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 4

 
HARRISON COMMERCIAL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 5

 
HARRISON COMMERCIAL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
Fixtures and fittings
-
33%

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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).

Page 6

 
HARRISON COMMERCIAL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


Additions
2,000
3,500
5,500



At 31 December 2021

2,000
3,500
5,500



Depreciation


Charge for the year on owned assets
500
375
875



At 31 December 2021

500
375
875



Net book value



At 31 December 2021
1,500
3,125
4,625



At 31 December 2020
-
-
-

Page 7

 
HARRISON COMMERCIAL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2021
3,100,000


Additions at cost
31,886



At 31 December 2021
3,131,886

The 2021 valuations were made by director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2021
2020
£
£


Historic cost
1,732,338
1,700,452

1,732,338
1,700,452


6.


Debtors

2021
2020
£
£


Trade debtors
2,391
25,054

Amounts owed by group undertakings
29,000
-

Other debtors
10,759
-

Prepayments and accrued income
7,123
7,081

49,273
32,135


Page 8

 
HARRISON COMMERCIAL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
49,980
47,958

Trade creditors
22,084
6,956

Corporation tax
-
49,170

Other taxation and social security
-
6,758

Other creditors
625,808
571,300

Accruals and deferred income
2,500
2,675

700,372
684,817



8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
541,427
592,893



9.


Loans

The loan is secured by a guarantee from.



Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
49,980
47,958


Amounts falling due 2-5 years

Bank loans
541,427
592,893


591,407
640,851


 
Page 9