Harris 2014 Limited 08924862 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is that of property rental Digita Accounts Production Advanced 6.30.9574.0 true 08924862 2022-05-01 2023-04-30 08924862 2023-04-30 08924862 bus:OrdinaryShareClass1 2023-04-30 08924862 core:CurrentFinancialInstruments 2023-04-30 08924862 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 08924862 core:ConstructionInProgressAssetsUnderConstruction 2023-04-30 08924862 bus:SmallEntities 2022-05-01 2023-04-30 08924862 bus:Audited 2022-05-01 2023-04-30 08924862 bus:FullAccounts 2022-05-01 2023-04-30 08924862 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 08924862 bus:RegisteredOffice 2022-05-01 2023-04-30 08924862 bus:Director3 2022-05-01 2023-04-30 08924862 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 08924862 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 08924862 core:ConstructionInProgressAssetsUnderConstruction 2022-05-01 2023-04-30 08924862 core:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 08924862 countries:EnglandWales 2022-05-01 2023-04-30 08924862 2022-04-30 08924862 core:ConstructionInProgressAssetsUnderConstruction 2022-04-30 08924862 2021-05-01 2022-04-30 08924862 2022-04-30 08924862 bus:OrdinaryShareClass1 2022-04-30 08924862 core:CurrentFinancialInstruments 2022-04-30 08924862 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 08924862 core:ConstructionInProgressAssetsUnderConstruction 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08924862

Harris 2014 Limited

Filleted Financial Statements

for the Year Ended 30 April 2023

 

Harris 2014 Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

Harris 2014 Limited

(Registration number: 08924862)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

4,996

6,662

Investment property

6

2,130,800

2,130,800

 

2,135,796

2,137,462

Current assets

 

Debtors

7

1,693

946

Cash at bank and in hand

 

176,416

20,000

 

178,109

20,946

Creditors: Amounts falling due within one year

8

(2,139,005)

(2,060,083)

Net current liabilities

 

(1,960,896)

(2,039,137)

Net assets

 

174,900

98,325

Capital and reserves

 

Called up share capital

9

690,010

690,010

Retained earnings

(515,110)

(591,685)

Shareholders' funds

 

174,900

98,325

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 August 2023 and signed on its behalf by:
 

.........................................
Mr MRJ Harris
Director

 

Harris 2014 Limited

Notes to the Financial Statements for the Year Ended 30 April 2023

1

General information

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

The address of its registered office is:
Shotover Kilns
Shotover Hill
Headington
Oxford
OX3 8ST

These financial statements were authorised for issue by the Board on 18 August 2023.

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.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 18 August 2023 was Mr Anthony Haines BSc FCA, who signed for and on behalf of Wenn Townsend.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation 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 taxable income.

 

Harris 2014 Limited

Notes to the Financial Statements for the Year Ended 30 April 2023

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

Integral features

Straight line over fifteen years

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. 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 such a right to defer settlement for at least twelve months after the reporting date exists, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Harris 2014 Limited

Notes to the Financial Statements for the Year Ended 30 April 2023

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

1,666

1,666

5

Tangible assets

Integral features
£

Total
£

Cost or valuation

At 1 May 2022

18,324

18,324

At 30 April 2023

18,324

18,324

Depreciation

At 1 May 2022

11,662

11,662

Charge for the year

1,666

1,666

At 30 April 2023

13,328

13,328

Carrying amount

At 30 April 2023

4,996

4,996

At 30 April 2022

6,662

6,662

 

Harris 2014 Limited

Notes to the Financial Statements for the Year Ended 30 April 2023

6

Investment properties

2023
£

2022
£

At 1 May

2,130,800

2,130,800

Investment properties

2,130,800

2,130,800

The investment property was valued at 30th April 2023 at fair value by the directors.

There has been no valuation of investment property by an independent valuer.

7

Debtors

2023
£

2022
£

Prepayments

1,188

946

Other debtors

505

-

1,693

946

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Amounts owed to group undertakings

2,113,897

2,036,138

Other creditors

25,108

23,945

2,139,005

2,060,083

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £0.01 each

69,001,000

690,010

69,001,000

690,010