IRIS Accounts Production v24.2.0.383 08105967 director 1.7.23 30.6.24 30.6.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081059672023-06-30081059672024-06-30081059672023-07-012024-06-30081059672022-06-30081059672022-07-012023-06-30081059672023-06-3008105967ns15:EnglandWales2023-07-012024-06-3008105967ns14:PoundSterling2023-07-012024-06-3008105967ns10:Director12023-07-012024-06-3008105967ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3008105967ns10:SmallEntities2023-07-012024-06-3008105967ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3008105967ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3008105967ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008105967ns10:FullAccounts2023-07-012024-06-3008105967ns10:RegisteredOffice2023-07-012024-06-3008105967ns5:CurrentFinancialInstruments2024-06-3008105967ns5:CurrentFinancialInstruments2023-06-3008105967ns5:Non-currentFinancialInstruments2024-06-3008105967ns5:Non-currentFinancialInstruments2023-06-3008105967ns5:ShareCapital2024-06-3008105967ns5:ShareCapital2023-06-3008105967ns5:FurtherSpecificReserve3ComponentTotalEquity2024-06-3008105967ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3008105967ns5:RetainedEarningsAccumulatedLosses2024-06-3008105967ns5:RetainedEarningsAccumulatedLosses2023-06-3008105967ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-30
REGISTERED NUMBER: 08105967 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Premium Harvest Limited

Premium Harvest Limited (Registered number: 08105967)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Premium Harvest Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr D E Brown





REGISTERED OFFICE: Howard House
17 Church Street
St Neots
Cambridgeshire
PE19 2BU





REGISTERED NUMBER: 08105967 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Premium Harvest Limited (Registered number: 08105967)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 386,250 375,000

CREDITORS
Amounts falling due within one year 5 71,323 58,991
NET CURRENT LIABILITIES (71,323 ) (58,991 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

314,927

316,009

CREDITORS
Amounts falling due after more than one
year

6

(242,120

)

(248,643

)

PROVISIONS FOR LIABILITIES (8,190 ) (6,052 )
NET ASSETS 64,617 61,314

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 7 53,320 44,208
Retained earnings 11,287 17,096
SHAREHOLDERS' FUNDS 64,617 61,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 30 September 2024 and were signed by:




Mr D E Brown - Director


Premium Harvest Limited (Registered number: 08105967)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Premium Harvest 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable. Revenue from the rental of investment property is recognised evenly over the term of the lease.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

Premium Harvest Limited (Registered number: 08105967)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 375,000
Revaluations 11,250
At 30 June 2024 386,250
NET BOOK VALUE
At 30 June 2024 386,250
At 30 June 2023 375,000


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,067 28,911
Trade creditors 326 155
Taxation and social security 802 584
Other creditors 42,128 29,341
71,323 58,991

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 61,832 68,355
Other creditors 180,288 180,288
242,120 248,643

7. RESERVES
Fair
value
reserve
£   
At 1 July 2023 44,208
Transfer 9,112

At 30 June 2024 53,320

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director, £216,365 (2023: £204,059) in respect of their loan account.