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REGISTERED NUMBER: 09380648 (England and Wales)















HARRIS JOHN PROPERTY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






HARRIS JOHN PROPERTY LIMITED (REGISTERED NUMBER: 09380648)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HARRIS JOHN PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: Mr. S P John





REGISTERED OFFICE: 23 Trem Y Bae
Penarth
CF64 1TG





REGISTERED NUMBER: 09380648 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

HARRIS JOHN PROPERTY LIMITED (REGISTERED NUMBER: 09380648)

STATEMENT OF FINANCIAL POSITION
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 668 1,062
Investment property 5 892,000 892,000
892,668 893,062

CURRENT ASSETS
Debtors 6 21,136 14,859
Cash at bank 8,647 19,445
29,783 34,304
CREDITORS
Amounts falling due within one year 7 184,639 194,947
NET CURRENT LIABILITIES (154,856 ) (160,643 )
TOTAL ASSETS LESS CURRENT LIABILITIES 737,812 732,419

CREDITORS
Amounts falling due after more than one year 8 (491,988 ) (491,988 )

PROVISIONS FOR LIABILITIES (61,299 ) (61,398 )
NET ASSETS 184,525 179,033

CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 213,522 213,522
Retained earnings (28,998 ) (34,490 )
SHAREHOLDERS' FUNDS 184,525 179,033

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

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

HARRIS JOHN PROPERTY LIMITED (REGISTERED NUMBER: 09380648)

STATEMENT OF FINANCIAL POSITION - continued
30TH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th December 2024 and were signed by:





Mr. S P John - Director


HARRIS JOHN PROPERTY LIMITED (REGISTERED NUMBER: 09380648)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Harris John Property 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, 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.
Fixtures and fittings - 20% straight line on cost
Computer equipment - 25% straight line on cost

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2023 - 1 ) .

HARRIS JOHN PROPERTY LIMITED (REGISTERED NUMBER: 09380648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 11,154 1,576 12,730
DEPRECIATION
At 1st July 2023 11,154 514 11,668
Charge for year - 394 394
At 30th June 2024 11,154 908 12,062
NET BOOK VALUE
At 30th June 2024 - 668 668
At 30th June 2023 - 1,062 1,062

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023
and 30th June 2024 892,000
NET BOOK VALUE
At 30th June 2024 892,000
At 30th June 2023 892,000

Fair value at 30th June 2024 is represented by:
£   
Valuation in 2020 70,667
Valuation in 2022 180,000
Valuation in 2023 24,000
Cost 617,333
892,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 21,136 14,859

HARRIS JOHN PROPERTY LIMITED (REGISTERED NUMBER: 09380648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,237 58
Other creditors 183,402 194,889
184,639 194,947

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 491,988 491,988

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Fair
value
reserve
£   
At 1st July 2023
and 30th June 2024 213,522

11. RELATED PARTY DISCLOSURES

As at the year end Harris John Property Limited owed £174,008 (2023 - £188,009) to a company in which the director has a controlling interest.