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REGISTERED NUMBER: 05405850 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GORDON HARRISON DEVELOPMENTS LTD

GORDON HARRISON DEVELOPMENTS LTD (REGISTERED NUMBER: 05405850)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Report of the Accountants 1

Balance Sheet 2

Notes to the Financial Statements 3


GORDON HARRISON DEVELOPMENTS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
GORDON HARRISON DEVELOPMENTS LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of the company, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the company. You consider that the company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA


21 August 2024

GORDON HARRISON DEVELOPMENTS LTD (REGISTERED NUMBER: 05405850)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,212 3,052
Investment property 5 840,000 604,928
842,212 607,980

CURRENT ASSETS
Stocks 429,742 429,742
Cash at bank 12,639 53,698
442,381 483,440
CREDITORS
Amounts falling due within one year 6 556,500 429,061
NET CURRENT (LIABILITIES)/ASSETS (114,119 ) 54,379
TOTAL ASSETS LESS CURRENT LIABILITIES 728,093 662,359

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 727,993 662,259
SHAREHOLDERS' FUNDS 728,093 662,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





Mr G A Harrison - Director


GORDON HARRISON DEVELOPMENTS LTD (REGISTERED NUMBER: 05405850)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Gordon Harrison Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05405850

Registered office: 9 Heath Croft
Heslington Lane
York
North Yorkshire
YO10 4NJ

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 as modified by the revaluation of certain assets.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months
or less, and bank overdrafts. Bank overdrafts are shown with borrowings in current liabilities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

The valuation has been undertaken by the Director as at 31st March 2024.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

GORDON HARRISON DEVELOPMENTS LTD (REGISTERED NUMBER: 05405850)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 5,491
DEPRECIATION
At 1 April 2023 2,439
Charge for year 840
At 31 March 2024 3,279
NET BOOK VALUE
At 31 March 2024 2,212
At 31 March 2023 3,052

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 604,928
Additions 204,686
Revaluations 30,386
At 31 March 2024 840,000
NET BOOK VALUE
At 31 March 2024 840,000
At 31 March 2023 604,928

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 30,386
Cost 809,614
840,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 89 715
Taxation and social security 8,489 -
Other creditors 547,922 428,346
556,500 429,061

GORDON HARRISON DEVELOPMENTS LTD (REGISTERED NUMBER: 05405850)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

8. RELATED PARTY DISCLOSURES

Included in other creditors falling due within one year is an amount of £10,898 (2023 : £Nil) from GA & JP Properties Limited, which is repayable on demand. Both companies are controlled by a close family member (Mr G Harrison).