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REGISTERED NUMBER: 03607725 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

HARRISONS PROPERTIES UK LIMITED

HARRISONS PROPERTIES UK LIMITED (REGISTERED NUMBER: 03607725)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARRISONS PROPERTIES UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: H S Cheema





REGISTERED OFFICE: Hadrian Chambers
Victoria Passage
Skinner Street
Wolverhampton
West Midlands
WV1 4LG





REGISTERED NUMBER: 03607725 (England and Wales)





ACCOUNTANTS: Thapers Limited
Chartered Accountants
Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT

HARRISONS PROPERTIES UK LIMITED (REGISTERED NUMBER: 03607725)

BALANCE SHEET
31 JULY 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 955,878 956,323

CURRENT ASSETS
Debtors 5 373,114 227,150
Cash at bank 31,552 2,529
404,666 229,679
CREDITORS
Amounts falling due within one year 6 515,122 552,361
NET CURRENT LIABILITIES (110,456 ) (322,682 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

845,422

633,641

CREDITORS
Amounts falling due after more than one
year

7

755,701

554,989
NET ASSETS 89,721 78,652

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 88,721 77,652
SHAREHOLDERS' FUNDS 89,721 78,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HARRISONS PROPERTIES UK LIMITED (REGISTERED NUMBER: 03607725)

BALANCE SHEET - continued
31 JULY 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 July 2024 and were signed by:





H S Cheema - Director


HARRISONS PROPERTIES UK LIMITED (REGISTERED NUMBER: 03607725)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Harrisons Properties UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents gross invoiced sales of the services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 4 ) .

HARRISONS PROPERTIES UK LIMITED (REGISTERED NUMBER: 03607725)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 1,014,901 13,160 1,028,061
DEPRECIATION
At 1 August 2022 61,545 10,193 71,738
Charge for year - 445 445
At 31 July 2023 61,545 10,638 72,183
NET BOOK VALUE
At 31 July 2023 953,356 2,522 955,878
At 31 July 2022 953,356 2,967 956,323

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 24,593 22,903
Associated Company 345,726 201,686
Prepayments 2,795 2,561
373,114 227,150

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade creditors 58,103 98,373
Tax 47,873 40,147
Social security and other taxes 1,836 (865 )
Other creditors 1,080 1,080
Wages Control Account 38,988 37,823
Directors' current accounts 356,171 363,757
Accrued expenses 11,071 12,046
515,122 552,361

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Bank loans (see note 8) 755,701 554,989

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 557,825 -

HARRISONS PROPERTIES UK LIMITED (REGISTERED NUMBER: 03607725)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. LOANS

An analysis of the maturity of loans is given below:

31/7/23 31/7/22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 197,876 554,989

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 557,825 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31/7/23 31/7/22
£    £   
Bank loans 755,701 554,989

The bank borrowing is secured by a charge over the freehold properties owned by the company

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/23 31/7/22
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 August 2022 77,652
Profit for the year 11,069
At 31 July 2023 88,721

12. RELATED PARTY DISCLOSURES

Harrisons Properties UK Limited is an associated company of C H Harrisons PLC and Harrisons Homes UK Limited.