Company registration number 00347609 (England and Wales)
FRANK HARRISON LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
FRANK HARRISON LIMITED
COMPANY INFORMATION
Director
A Ronnie
Company number
00347609
Registered office
Landmark House
Station Road
Cheadle Hulme
Cheshire
SK8 7BS
FRANK HARRISON LIMITED
CONTENTS
Page
Director's report
1
Statement of income and retained earnings
3
Balance sheet
4
Notes to the financial statements
5 - 8
FRANK HARRISON LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
- 1 -

The director presents his annual report and financial statements for the year ended 31 January 2024.

Principal activities

The Company has not traded during the current or prior period. The Director does not expect that this position will change within the foreseeable future. the Company has been a dormant company in terms of section 1169 of the Companies Act 2006.

Results and dividends

No ordinary dividends were paid. The director does not recommend payment of a final dividend.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

A Ronnie
Going concern

As the Director expects that the Company will remain as a non-trading company for the foreseeable future, the Director has not prepared these financial statements on a going concern basis.

On behalf of the board
A Ronnie
Director
17 October 2024
FRANK HARRISON LIMITED
DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

 

 

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

FRANK HARRISON LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 JANUARY 2024
- 3 -

The company has not traded during the current or preceding year. It received no income and incurred no expenditure, and therefore made neither profit nor loss.

FRANK HARRISON LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2024
31 January 2024
- 4 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
70,867
70,867
Creditors: amounts falling due within one year
4
(209,175)
(209,175)
Net current liabilities
(138,308)
(138,308)
Capital and reserves
Called up share capital
5
1,247,974
1,247,974
Capital contribution reserve
437,414
437,414
Profit and loss reserves
(1,823,696)
(1,823,696)
Total equity
(138,308)
(138,308)

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The financial statements were approved and signed by the director and authorised for issue on 17 October 2024
A Ronnie
Director
Company registration number 00347609 (England and Wales)
FRANK HARRISON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 5 -
1
Accounting policies
Company information

Frank Harrison Limited is a private company, limited by shares and incorporated in England and Wales. The registered office is Landmark House, Station Road, Cheadle Hulme, Cheshire, SK8 7BS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

These financial statements for the year ended 31 January 2024 are the first financial statements of Frank Harrison Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 30 January 2022. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

 

In accordance with the transitional exemption in section 35 of FRS 102, Frank Harrison Limited has elected to retain its accounting policies for reported assets, liabilities and equity before the date of transition to FRS 102.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated in the financial statements of Kukri Holdings Limited. These consolidated financial statements are available from its registered office, Landmark House, Station Road, Cheadle Hulme, Cheshire, SK8 7BS.

1.2
Going concern

As the Director expects that the Company will remain as a non-trading company for the foreseeable future, the Director has not prepared these financial statements on a going concern basis.true

1.3
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

FRANK HARRISON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
1
Accounting policies
(Continued)
- 6 -
1.4
Cash and cash equivalents

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 within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

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

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

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

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

FRANK HARRISON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 7 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. There are no key estimates or judgements which have a significant risk of causing a material misstatement.

3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
70,867
70,867
4
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
206,491
206,491
Other creditors
2,684
2,684
209,175
209,175
5
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,247,974
1,247,974
1,247,974
1,247,974
6
Related party transactions
Balances with related parties

Amounts owed to and from related parties are unsecured, interest free and have no set repayment terms.

Amounts owed by
Amounts owed to
related parties
related parties
2024
2023
2024
2023
£
£
£
£
Kukri Canada Limited
3,919
3,919
-
-
Kukri GB Limited
-
-
163,978
163,978
Kukri New Zealand Limited
10,675
10,675
-
-
Kukri Sports Ireland Limited
38,814
38,814
-
-
Kukri Sports Ltd
-
-
25,054
25,054
FRANK HARRISON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 8 -
7
Ultimate controlling party

The company's immediate parent company is Kukri Sports Limited, a company incorporated in England and Wales.

 

The ultimate parent company is Kukri Holdings Limited which is the smallest and largest group in which the company is a member and for which group financial statements are drawn up. Kukri Holdings Limited is registered in England. Copies of the consolidated financial statements of Kukri Holdings Limited can be obtained from the Company Secretary, Landmark House, Station Road, Cheadle Hulme, Cheshire, SK8 7BS.

A Ronnie is considered the ultimate controlling party by virtue of his control of Kukri Holdings Limited.

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