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REGISTERED NUMBER: 02912628 (England and Wales)











Financial Statements

for the Year Ended 30 April 2024

for

HARRIS REEDS LIMITED

HARRIS REEDS LIMITED (REGISTERED NUMBER: 02912628)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARRIS REEDS LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: R Ribaudo
F Ribaudo





SECRETARY: A Ribaudo





REGISTERED OFFICE: Unit 8
Lyndon Yard
Riverside Road
Wimbledon
London
SW17 0BA





REGISTERED NUMBER: 02912628 (England and Wales)





ACCOUNTANTS: Churchmill Partnership Limited
Brook House
Mint Street
Godalming
Surrey
GU7 1HE

HARRIS REEDS LIMITED (REGISTERED NUMBER: 02912628)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,395,154 1,426,057

CURRENT ASSETS
Debtors 5 16,683 22,660
Cash at bank and in hand 1,907,275 2,017,185
1,923,958 2,039,845
CREDITORS
Amounts falling due within one year 6 154,353 276,442
NET CURRENT ASSETS 1,769,605 1,763,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,164,759

3,189,460

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,164,659 3,189,360
SHAREHOLDERS' FUNDS 3,164,759 3,189,460

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

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

HARRIS REEDS LIMITED (REGISTERED NUMBER: 02912628)

Balance Sheet - continued
30 April 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 31 January 2025 and were signed on its behalf by:





R Ribaudo - Director


HARRIS REEDS LIMITED (REGISTERED NUMBER: 02912628)

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

1. STATUTORY INFORMATION

Harris Reeds 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.

Turnover
Turnover represents net invoiced sales of goods to customers, excluding value added tax, and income is recognised in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation is provided on freehold land and buildings occupied by the company. The freehold land and buildings are valued on an annual basis by the directors and it is the company's practice to maintain these assets in a continual state of sound repair and to extend and to make improvements thereto from time to time. Accordingly the Directors consider that the lives of these assets and residual values (based on prices prevailing at the time of acquisition or subsequent valuation) are such that their depreciation is insignificant.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

HARRIS REEDS LIMITED (REGISTERED NUMBER: 02912628)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 1,308,140 574,102 427,691
Disposals - - -
At 30 April 2024 1,308,140 574,102 427,691
DEPRECIATION
At 1 May 2023 - 498,497 398,689
Charge for year - 16,970 7,251
Eliminated on disposal - - -
At 30 April 2024 - 515,467 405,940
NET BOOK VALUE
At 30 April 2024 1,308,140 58,635 21,751
At 30 April 2023 1,308,140 75,605 29,002

Office Motor
equipment vehicles Totals
£    £    £   
COST
At 1 May 2023 7,233 94,986 2,412,152
Disposals - (10,602 ) (10,602 )
At 30 April 2024 7,233 84,384 2,401,550
DEPRECIATION
At 1 May 2023 5,543 83,366 986,095
Charge for year 423 1,787 26,431
Eliminated on disposal - (6,130 ) (6,130 )
At 30 April 2024 5,966 79,023 1,006,396
NET BOOK VALUE
At 30 April 2024 1,267 5,361 1,395,154
At 30 April 2023 1,690 11,620 1,426,057


HARRIS REEDS LIMITED (REGISTERED NUMBER: 02912628)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 5,793 10,176
Other debtors 10,890 12,484
16,683 22,660

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 15,621
Trade creditors 2,584 5,808
Taxation and social security 2,976 103,063
Other creditors 148,793 151,950
154,353 276,442

7. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans - 15,621

The bank loans are secured with mortgages over freehold properties owned by the company.