Harris Park (Preston) Ltd 14581355 false 2023-01-10 2024-04-30 2024-04-30 The principal activity of the company is Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true 14581355 2023-01-10 2024-04-30 14581355 2024-04-30 14581355 core:CurrentFinancialInstruments 2024-04-30 14581355 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14581355 core:Non-currentFinancialInstruments 2024-04-30 14581355 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 14581355 bus:SmallEntities 2023-01-10 2024-04-30 14581355 bus:AuditExemptWithAccountantsReport 2023-01-10 2024-04-30 14581355 bus:FullAccounts 2023-01-10 2024-04-30 14581355 bus:SmallCompaniesRegimeForAccounts 2023-01-10 2024-04-30 14581355 bus:RegisteredOffice 2023-01-10 2024-04-30 14581355 bus:Director1 2023-01-10 2024-04-30 14581355 bus:PrivateLimitedCompanyLtd 2023-01-10 2024-04-30 14581355 countries:EnglandWales 2023-01-10 2024-04-30 iso4217:GBP xbrli:pure

Registration number: 14581355

Harris Park (Preston) Ltd

Annual Report and Unaudited Financial Statements

for the Period from 10 January 2023 to 30 April 2024

 

Harris Park (Preston) Ltd

Contents

Company Information

1

Director's Report

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 7

 

Harris Park (Preston) Ltd

Company Information

Director

Dr F Bhailok

Registered office

3 Cable Court
Pittman Way
Fulwood
Preston
PR2 9YW

Accountants

Rotherham Taylor Limited
21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

 

Harris Park (Preston) Ltd

Director's Report for the Period from 10 January 2023 to 30 April 2024

The director presents his report and the financial statements for the period from 10 January 2023 to 30 April 2024.

Incorporation

The company was incorporated and commenced trading on 10 January 2023.

Director of the company

The director who held office during the period was as follows:

Dr F Bhailok

Small companies provision statement

This report has 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.

Approved by the director on 12 August 2024 and signed on its behalf by:

.........................................
Dr F Bhailok
Director

   
     
 

Harris Park (Preston) Ltd

Profit and Loss Account for the Period from 10 January 2023 to 30 April 2024

2024
£

Turnover

-

Gross profit/(loss)

-

Administrative expenses

(600)

Operating loss

(600)

Loss before tax

(600)

Loss for the financial period

(600)

 

Harris Park (Preston) Ltd

(Registration number: 14581355)
Balance Sheet as at 30 April 2024

Note

2024
£

Fixed assets

 

Investment property

4

12,000,000

Current assets

 

Debtors

5

1

Creditors: Amounts falling due within one year

6

(600)

Net current liabilities

 

(599)

Total assets less current liabilities

 

11,999,401

Creditors: Amounts falling due after more than one year

6

(12,000,000)

Net liabilities

 

(599)

Capital and reserves

 

Called up share capital

1

Retained earnings

(600)

Shareholders' deficit

 

(599)

For the financial period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

Approved and authorised by the director on 12 August 2024
 

.........................................
Dr F Bhailok
Director

   
     
 

Harris Park (Preston) Ltd

Notes to the Unaudited Financial Statements for the Period from 10 January 2023 to 30 April 2024

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:
3 Cable Court
Pittman Way
Fulwood
Preston
PR2 9YW

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.

Investment property

Investment property is recognised at cost on initial recognition. Subsequently, investment property is measured at fair value at the reporting date with any changes recognised in the profit and loss account.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

 

Harris Park (Preston) Ltd

Notes to the Unaudited Financial Statements for the Period from 10 January 2023 to 30 April 2024

Financial instruments

The company only enters into basic financial instruments 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 non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Investment properties

2024
£

Additions

12,000,000

At 30 April

12,000,000

5

Debtors

Current

2024
£

Other debtors

1

 

1

 

Harris Park (Preston) Ltd

Notes to the Unaudited Financial Statements for the Period from 10 January 2023 to 30 April 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

600

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

7

12,000,000

7

Loans and borrowings

Non-current loans and borrowings

2024
£

Other borrowings

12,000,000

Other borrowings are secured by a floating charge over the company's investment property.

 

Harris Park (Preston) Ltd

Detailed Profit and Loss Account for the Period from 10 January 2023 to 30 April 2024

2024
£

Turnover (analysed below)

-

Administrative expenses

General administrative expenses (analysed below)

(600)

Operating loss

(600)

Loss before tax

(600)

 

Harris Park (Preston) Ltd

Detailed Profit and Loss Account for the Period from 10 January 2023 to 30 April 2024

2024
£

 

General administrative expenses

Accountancy fees

(600)