Registered number: 06788116 | ||||||||
FOR THE YEAR ENDED 31/10/2023 | ||||||||
Prepared By: | ||||||||
N B Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
The Christopher Harrison Group Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/10/2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
J Harrison | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 06788116 | ||||||||
BANKERS | ||||||||
Lloyds Bank Plc | ||||||||
ACCOUNTANTS | ||||||||
N B Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
The Christopher Harrison Group Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/10/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
The Christopher Harrison Group Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
Investment Assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
3,707,868 | 3,826,252 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 2,204,726 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 2,655,922 | 2,753,653 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | ||||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | ||||||||||
Share premium account | ||||||||||
Other reserves | 2,009,000 | 2,009,000 | ||||||||
Profit and loss account | 992,631 | 988,568 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
The Christopher Harrison Group Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/10/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
No depreciation is charged on land. | ||||||||
Land And Buildings | reducing balance15% | |||||||
Plant And Machinery | reducing balance25% | |||||||
Equipment | reducing balance50% | |||||||
Motor Cars | reducing balance25% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1d. Government Grants | ||||||||
Government grants offering immediate financial support for Covid-19 are recognised in profit and loss in the year in which they are received. |
1e. Investments | ||||||||
Fixed asset investments are included in the balance sheet at fair value. |
1f. Turnover | ||||||||
Turnover represents the value of goods and services supplied by the company, net of value added tax and trade discounts. | ||||||||
Rental income is recognised as receivable and turnover from other trade upon the provision of goods or services. |
1g. Taxation | ||||||||
Corporation tax payable is provided on taxable profits at the current rates. | ||||||||
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted. |
The Christopher Harrison Group Limited | ||||||||
1h. Leases | ||||||||
Assets held under hire purchase contracts are capitalised in the balance sheet at fair value and depreciated over their expected useful lives. The interest element of hire purchase payments is charged to the profit and loss account over the period of the agreement. | ||||||||
Operating leases are charged to the profit and loss account on a straight line basis over the lease term. |
2. TANGIBLE FIXED ASSETS | ||||||||||||
Land And | Long Leasehold | Plant and | ||||||||||
Buildings | Properties | Machinery | Equipment | Motor Cars | Total | |||||||
£ | £ | £ | £ | £ | £ | |||||||
Cost | ||||||||||||
At 01/11/2022 | 47,111 | 6,710,000 | 367,212 | 78,562 | 125,709 | 7,328,594 | ||||||
Additions | - | - | - | - | 38,431 | 38,431 | ||||||
Disposals | - | - | (51,418) | (6,693) | (27,509) | (85,620) | ||||||
At 31/10/2023 | 47,111 | 6,710,000 | 315,794 | 71,869 | 136,631 | 7,281,405 | ||||||
Depreciation | ||||||||||||
At 01/11/2022 | 5,802 | - | 283,335 | 74,394 | 69,989 | 433,520 | ||||||
Disposals | - | - | (39,067) | (6,351) | (12,035) | (57,453) | ||||||
For the year | 196 | - | 20,970 | 1,913 | 19,669 | 42,748 | ||||||
At 31/10/2023 | 5,998 | - | 265,238 | 69,956 | 77,623 | 418,815 | ||||||
Net Book Amounts | ||||||||||||
At 31/10/2023 | 6,710,000 | 6,862,590 | ||||||||||
At 31/10/2022 | 6,710,000 | 6,895,074 | ||||||||||
The company's freehold properties were valued on 25/01/2019 by an external valuer, Lambert Smith Hampton, Chartered Surveyors, on the basis of open market value for existing use. The directors consider the valuation to represent fair value at the balance sheet date. | ||||||||||||
The Christopher Harrison Group Limited | ||||||||
3. FINANCIAL ASSETS | |||||||||
Shares in group companies | Other | ||||||||
and participating interests | Investments | Total | |||||||
£ | £ | £ | |||||||
Cost | |||||||||
At 01/11/2022 | 175 | 25,249 | 25,424 | ||||||
Additions | 60 | - | 60 | ||||||
Disposals | - | (5,821) | (5,821) | ||||||
At 31/10/2023 | 235 | 19,428 | 19,663 | ||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/10/2023 | 235 | 19,428 | 19,663 | ||||||
At 31/10/2022 | 175 | 25,249 | 25,424 | ||||||
The company holds 100% of the issued share capital in Harrison Homes (Cumbria) Limited, a company registered in England and Wales, At 31 October 2022 the aggregate capital and reserves of that company were £2,724,972 deficit and its loss for the year £7,795. | |||||||||
The company holds 75% of the issued share capital in ADX Enviro Limited, a company registered in England and Wales. At 30 September 2022 the aggregate capital and reserves of that company were £1,045 and its profit for the year £10,945. | |||||||||
The company holds 60% of the issued share capital in Harraby Green Associates Limited, a company registered in England and Wales. At 28 February 2023 the aggregate capital and reserves of that company were £23,514 (defecit) and its loss for the year £17,176. |
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 150,663 | 197,198 | ||||||
Other debtors | 840,214 | 368,620 | ||||||
Amounts due from group companies | 2,650,913 | 2,637,713 | ||||||
Prepayments | - | 80 | ||||||
3,641,790 | 3,203,611 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 25,957 | 22,894 | ||||||
VAT | 35,290 | 29,137 | ||||||
Other tax and social security creditors | 13,736 | 15,323 | ||||||
Director's current account - CJ Harrison | 201,860 | 210,269 | ||||||
Director's current account - P Hetherington | 50,000 | 50,000 | ||||||
Bank loans | 954,755 | 986,288 | ||||||
Hire purchase | 3,410 | 16,900 | ||||||
Trade creditors | 7,215 | 25,560 | ||||||
Other creditors | 205,075 | 205,075 | ||||||
Accruals | 60,735 | 60,080 | ||||||
1,558,033 | 1,621,526 | |||||||
The Christopher Harrison Group Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (secured) >1yr | 2,655,922 | 2,749,943 | ||||||
Hire purchase >1yr | - | 3,710 | ||||||
2,655,922 | 2,753,653 | |||||||
7. SECURED CREDITORS | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Amount of bank loans and overdrafts which are secured | 3,610,677 | 3,736,231 | ||||||
Amount of other creditors which are secured | 3,410 | 20,610 | ||||||
Bank loans are secured on the assets of the company together with a personal guarantee provided by the director. Hire purchase creditors are secured on the assets to which the liabilities relate. | ||||||||
8. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 22 | |||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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10. ADDITIONAL INFORMATION | ||||||||
The company is a private company, limited by shares and registered in England & Wales. | ||||||||
The company's registered number is 06788116. | ||||||||
The company's registered office is Tannery House, Harraby Green Buisiness Park, Carlisle, CA1 2SS. |
The Christopher Harrison Group Limited | ||||||||
11. GUARANTEES AND COMMITMENTS | ||||||||
At the balance sheet date the company had outstanding commitments under operating leases of £9,084. | ||||||||
12. CONTINGENCIES | ||||||||
Cross guarantees are in place between this company, Harrison Homes (Cumbria) Ltd and Lloyds Bank Plc in respect of group borrowings. | ||||||||