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REGISTERED NUMBER: 05766235 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Harris R Homes Limited

Harris R Homes Limited (Registered number: 05766235)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harris R Homes Limited

Company Information
for the Year Ended 31 March 2024







Directors: J A Harris
G R Harris





Secretary: G R Harris





Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB





Registered number: 05766235 (England and Wales)





Accountants: Wilson Sandford Limited
Chartered accountants
85 Church Road
Hove
East Sussex
BN3 2BB

Harris R Homes Limited (Registered number: 05766235)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investment property 4 163,056 163,056

Current assets
Debtors 5 112 -
Cash at bank 3,948 435
4,060 435
Creditors: amounts falling due within
one year

6

3,971

4,449
Net current assets/(liabilities) 89 (4,014 )
Total assets less current liabilities 163,145 159,042

Provisions for liabilities 21,080 16,021
Net assets 142,065 143,021

Capital and reserves
Called up share capital 7 100 100
Fair value reserve 8 59,724 64,783
Retained earnings 82,241 78,138
Shareholders' funds 142,065 143,021

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.

Harris R Homes Limited (Registered number: 05766235)

Balance Sheet - continued
31 March 2024


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 22 August 2024 and were signed on its behalf by:





G R Harris - Director


Harris R Homes Limited (Registered number: 05766235)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Harris R Homes 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.

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

2. Accounting policies

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

Turnover
Rental income from operating leases (net of any incentives given to the lesees) is recognised on a straight-line basis over the lease term.

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued at its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation
Taxation for the year comprises current and deferred 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 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.


Harris R Homes Limited (Registered number: 05766235)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

3. Employees and directors

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

4. Investment property
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 163,056
Net book value
At 31 March 2024 163,056
At 31 March 2023 163,056

The investment property fair value of £163,056 (2023: £163,056) was determined by the directors based on the market value of similar properties in the area.


5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 112 -

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 1,432 152
Other creditors 2,539 4,297
3,971 4,449

Harris R Homes Limited (Registered number: 05766235)

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: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

8. Reserves
Fair
value
reserve
£   
At 1 April 2023 64,783
Transfer (5,059 )

At 31 March 2024 59,724

9. Related party disclosures

Within creditors is £0 (2023: £1,568) owed to the directors.