Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-31false2023-01-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09265431 2023-01-01 2023-12-31 09265431 2022-01-01 2022-12-31 09265431 2023-12-31 09265431 2022-12-31 09265431 c:Director1 2023-01-01 2023-12-31 09265431 c:RegisteredOffice 2023-01-01 2023-12-31 09265431 d:FreeholdInvestmentProperty 2023-12-31 09265431 d:FreeholdInvestmentProperty 2022-12-31 09265431 d:CurrentFinancialInstruments 2023-12-31 09265431 d:CurrentFinancialInstruments 2022-12-31 09265431 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09265431 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09265431 d:ShareCapital 2023-12-31 09265431 d:ShareCapital 2022-12-31 09265431 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09265431 d:RetainedEarningsAccumulatedLosses 2023-12-31 09265431 d:RetainedEarningsAccumulatedLosses 2022-12-31 09265431 d:OtherDeferredTax 2023-12-31 09265431 d:OtherDeferredTax 2022-12-31 09265431 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09265431 c:OrdinaryShareClass1 2023-12-31 09265431 c:OrdinaryShareClass1 2022-12-31 09265431 c:FRS102 2023-01-01 2023-12-31 09265431 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09265431 c:FullAccounts 2023-01-01 2023-12-31 09265431 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09265431 2 2023-01-01 2023-12-31 09265431 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09265431










MH HARRISON PROPERTIES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




















 
MH HARRISON PROPERTIES LIMITED
 
 
Company Information


Director
J P E Samways 




Registered number
09265431



Registered office
4 Coldbath Square

London

EC1R 5HL





 
MH HARRISON PROPERTIES LIMITED
Registered number: 09265431

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,373,120
1,373,120

  
1,373,120
1,373,120

Current assets
  

Debtors: amounts falling due within one year
 5 
136,295
46,260

Cash at bank and in hand
  
11,225
41,180

  
147,520
87,440

Creditors: amounts falling due within one year
 6 
(784,875)
(777,274)

Net current liabilities
  
 
 
(637,355)
 
 
(689,834)

Total assets less current liabilities
  
735,765
683,286

Provisions for liabilities
  

Deferred tax
  
(50,075)
(50,075)

  
 
 
(50,075)
 
 
(50,075)

Net assets
  
685,690
633,211


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
 9 
685,590
633,111

  
685,690
633,211


Page 1

 
MH HARRISON PROPERTIES LIMITED
Registered number: 09265431
    
Balance sheet (continued)
As at 31 December 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 September 2024.




J P E Samways
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MH HARRISON PROPERTIES LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

1.


General information

MH Harrison Properties Limited ("the Company") is a private company limited by share capital incorporated in the United Kingdom and registered in England and Wales with registration number 09265431. The registered office address is 4 Coldbath Square, London, EC1R 5HL.
The principal activity of the company is that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of rental income during the year, exclusive of Value Added Tax. Turnover is recognised in the period to which it relates.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
MH HARRISON PROPERTIES LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

Financial instruments

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary
Page 4

 
MH HARRISON PROPERTIES LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

The Company only enters into basic financial instrument 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 ordinary shares.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
MH HARRISON PROPERTIES LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
1,373,120



At 31 December 2023
1,373,120

The 2023 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,099,018
1,099,018

1,099,018
1,099,018


5.


Debtors

2023
2022
£
£


Other debtors
136,295
46,260

136,295
46,260



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
15,930
13,203

Other creditors
762,345
761,071

Accruals and deferred income
6,600
3,000

784,875
777,274


Page 6

 
MH HARRISON PROPERTIES LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

7.


Deferred taxation




2023


£






At beginning of year
(50,075)



At end of year
(50,075)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


At the beginning of year
(50,075)
(50,075)

(50,075)
(50,075)


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



9.


Reserves

Profit & loss account

Included in the profit and loss account are non-distributable reserves amounting to £224,027 (2022: £224,027).


10.


Related party transactions

During the year, the Company operated loan accounts with two companies under common control. At the year end MH Harrison Properties Limited owed £749,764 (2022: £749,764) to one company and was owed £106,260 (2022: £46,260) from the other company. The loans are interest free and repayable on demand.

The Company operates a director's current account. The director paid the Company interest amounting to £35 (2022: nil) during the year. At the year end the director owed the Company £35,035 (2022: nil). The full amount of the loan was repaid following the year end.

 
Page 7