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REGISTERED NUMBER: 03579683 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

HARVEST PROPERTY COMPANY LTD

HARVEST PROPERTY COMPANY LTD (REGISTERED NUMBER: 03579683)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARVEST PROPERTY COMPANY LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: P V Jones
Mrs S E Jones





SECRETARY: Mrs S E Jones





REGISTERED OFFICE: 42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL





REGISTERED NUMBER: 03579683 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

HARVEST PROPERTY COMPANY LTD (REGISTERED NUMBER: 03579683)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,585,844 4,122,409

CURRENT ASSETS
Debtors 5 135,411 159,469
Cash at bank 3,327 23,640
138,738 183,109
CREDITORS
Amounts falling due within one year 6 168,863 205,732
NET CURRENT LIABILITIES (30,125 ) (22,623 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,555,719

4,099,786

CREDITORS
Amounts falling due after more than one
year

7

3,217,915

3,660,789
NET ASSETS 337,804 438,997

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 137,102 137,102
Non distributable profit reserve 8 1,392,268 1,382,466
Retained earnings (1,191,666 ) (1,080,671 )
337,804 438,997

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 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.

HARVEST PROPERTY COMPANY LTD (REGISTERED NUMBER: 03579683)

BALANCE SHEET - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





P V Jones - Director


HARVEST PROPERTY COMPANY LTD (REGISTERED NUMBER: 03579683)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Harvest Property Company Ltd 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Investment properties are measured at fair value on an annual basis. The profit and loss on revaluation is taken to the profit and loss account less any provision for deferred tax on revaluation.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

HARVEST PROPERTY COMPANY LTD (REGISTERED NUMBER: 03579683)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 4,093,500 164,225 4,257,725
Additions - 2,146 2,146
Disposals (522,698 ) - (522,698 )
Revaluations (9,802 ) - (9,802 )
At 30 June 2024 3,561,000 166,371 3,727,371
DEPRECIATION
At 1 July 2023 - 135,316 135,316
Charge for year - 6,211 6,211
At 30 June 2024 - 141,527 141,527
NET BOOK VALUE
At 30 June 2024 3,561,000 24,844 3,585,844
At 30 June 2023 4,093,500 28,909 4,122,409

The freehold and long leasehold properties (historical cost £2,387,120) are included at the director's estimate of market value as at 30 June 2024, which are based on valuations carried out by the organisations who have advanced the loans secured against the various properties, adjusted where appropriate over time by the seasonal regional quarterly house price calculator produced by the Nationwide Building Society, provided that the result accords with the directors' own experience of values.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,521 150
Other debtors 121,890 159,319
135,411 159,469

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 939 886
Other loans 17,286 10,087
Other creditors 976 11,548
Directors' loan accounts 95,323 129,934
Accrued expenses 54,339 53,277
168,863 205,732

HARVEST PROPERTY COMPANY LTD (REGISTERED NUMBER: 03579683)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 377,122 689,159
Bank loans due after more than five years
repayable by instalments

630,660

760,604
Bank loans due after more than five years
not repayable by instalments

2,201,198

2,191,834
Other loans - 2-5 years 8,935 19,192
3,217,915 3,660,789

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans due after more than five years
not repayable by instalments

2,201,198

2,191,834

Repayable by instalments
Bank loans due after more than five years
repayable by instalments

630,660

760,604

8. RESERVES
Non
distributable
profit
reserve
£   
At 1 July 2023 1,382,466
Revaluation in the year 9,802

At 30 June 2024 1,392,268