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REGISTERED NUMBER: 03870548 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

HARRISONS HOMES UK LTD

HARRISONS HOMES UK LTD (REGISTERED NUMBER: 03870548)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARRISONS HOMES UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: H S Cheema
Mrs K Cheema





REGISTERED OFFICE: Hadrian Chambers
Victoria Passage
Skinner Street
Wolverhampton
West Midlands
WV1 4LG





REGISTERED NUMBER: 03870548 (England and Wales)

HARRISONS HOMES UK LTD (REGISTERED NUMBER: 03870548)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,215,286 2,219,919

CURRENT ASSETS
Debtors 5 35,037 79,470
Cash at bank 3,819 6,125
38,856 85,595
CREDITORS
Amounts falling due within one year 6 275,117 264,281
NET CURRENT LIABILITIES (236,261 ) (178,686 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,979,025

2,041,233

CREDITORS
Amounts falling due after more than one
year

7

775,800

815,925
NET ASSETS 1,203,225 1,225,308

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Revaluation reserve 11 1,158,529 1,158,529
Retained earnings 11 43,696 65,779
SHAREHOLDERS' FUNDS 1,203,225 1,225,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

HARRISONS HOMES UK LTD (REGISTERED NUMBER: 03870548)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 22 November 2024 and were signed on its behalf by:





H S Cheema - Director


HARRISONS HOMES UK LTD (REGISTERED NUMBER: 03870548)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Harrisons Homes UK 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 represents gross invoiced sales of the services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 5% on reducing balance
Fixtures and fittings - 10% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 December 2022 2,335,000 62,967 132,904 2,530,871
Additions - - 280 280
At 30 November 2023 2,335,000 62,967 133,184 2,531,151
DEPRECIATION
At 1 December 2022 184,464 21,911 104,577 310,952
Charge for year - 2,052 2,861 4,913
At 30 November 2023 184,464 23,963 107,438 315,865
NET BOOK VALUE
At 30 November 2023 2,150,536 39,004 25,746 2,215,286
At 30 November 2022 2,150,536 41,056 28,327 2,219,919

HARRISONS HOMES UK LTD (REGISTERED NUMBER: 03870548)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 November 2023 is represented by:

Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
Valuation in 2014 1,158,529 - - 1,158,529
Cost 1,176,471 62,967 133,184 1,372,622
2,335,000 62,967 133,184 2,531,151

The freehold properties were valued on an open market basis,at 06 October 2014,by the professional chartered surveyors CP Bigwood and at the valuation date it was £2,130,000.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 35,037 15,760
Associated Company - 63,710
35,037 79,470

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts (see note 8) 50,325 50,325
Trade creditors 18,027 37,780
Tax 44,529 40,979
Social security and other taxes 1,634 1,333
Other creditors 12,164 11,231
Associated Company 45,102 -
Directors' current accounts 98,694 118,106
Accrued expenses 4,642 4,527
275,117 264,281

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans (see note 8) 775,800 815,925

8. LOANS

An analysis of the maturity of loans is given below:

30/11/23 30/11/22
£    £   
Amounts falling due within one year or on demand:
Bank Loans 50,325 50,325

HARRISONS HOMES UK LTD (REGISTERED NUMBER: 03870548)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. LOANS - continued
30/11/23 30/11/22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 524,412 548,883

Amounts falling due between two and five years:
Bank loans - 2-5 years 25,000 35,000
Bank Loan 226,388 232,042
251,388 267,042

9. SECURED DEBTS

The following secured debts are included within creditors:

30/11/23 30/11/22
£    £   
Bank loans 826,125 866,250

The bank borrowing is secured by a charge over the freehold properties owned by the company.


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 December 2022 65,779 1,158,529 1,224,308
Deficit for the year (2,083 ) (2,083 )
Dividends (20,000 ) (20,000 )
At 30 November 2023 43,696 1,158,529 1,202,225

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2022 - £20,000) were paid to the directors .