Harrisons Lettings & Management Ltd
for the
Year Ended 30 November 2024
Registration number:
Harrisons Lettings & Management Ltd
Contents
Page
Company Information |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Harrisons Lettings & Management Ltd
Company Information
Directors |
C M M Hibbert E M Hibbert |
Registered office |
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Accountants |
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Harrisons Lettings & Management Ltd
(Registration number: 11686808)
Abridged Balance Sheet as at 30 November 2024
Note |
2024 |
2023 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
1 |
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Retained earnings |
296,280 |
197,379 |
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Shareholders' funds |
296,380 |
197,380 |
For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
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Harrisons Lettings & Management Ltd
Notes to the Unaudited Abridged Financial Accounts for the
Year Ended 30 November 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales and the company's registration number is 11686808.
The address of its registered office is
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial accounts are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These abridged financial accounts have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover represents the invoiced value of sales of services, net of value added tax.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
33% Straight line method |
Motor vehicles |
20% Straight line method |
Property |
not depreciated |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
10% Straight line method |
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Harrisons Lettings & Management Ltd
Notes to the Unaudited Abridged Financial Accounts for the
Year Ended 30 November 2024
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Intangible assets |
Total |
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Cost or valuation |
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At 1 December 2023 |
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At 30 November 2024 |
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Amortisation |
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At 1 December 2023 |
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Amortisation charge |
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At 30 November 2024 |
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Carrying amount |
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At 30 November 2024 |
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At 30 November 2023 |
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Tangible assets |
Total |
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Cost or valuation |
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At 1 December 2023 |
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Additions |
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At 30 November 2024 |
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Depreciation |
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At 1 December 2023 |
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Charge for the year |
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At 30 November 2024 |
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Carrying amount |
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At 30 November 2024 |
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At 30 November 2023 |
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Harrisons Lettings & Management Ltd
Notes to the Unaudited Abridged Financial Accounts for the
Year Ended 30 November 2024
Creditors |
Creditors: amounts falling due within one year
Creditors includes bank loans and other loans which are secured of £39,921 (2023 - £13,237).
Creditors: amounts falling due after more than one year
Creditors includes bank loans and other loans which are secured of £176,114 (2023 - £79,277).
Security |
NatWest Bank PLC hold a debenture dated 14 October 2024 giving a fixed and floating charge over the property and fixtures, in support of the borrowings from it.
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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1 |
On 20 February 2024 99 shares were allotted for a total consideration of £99.
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
Amounts disclosed in the balance sheet
Included in the balance sheet are employer pension contributions paid after date of £755 (2023 - £492).
Related party transactions |
At the year end the directors owed the company £13,142 in respect of a joint loan held with the company (2023 - £52,031). This loan became overdrawn to a maximum of £80,489 in the year (2023 - £52,032). The company made total advances to the directors of £163,458, which included cash advances and private payments, and received credits of £202,347. Interest has been charged on this loan at a commercial rate and it is repayable on demand.
Harrisons Lettings & Management Ltd
Notes to the Unaudited Abridged Financial Accounts for the
Year Ended 30 November 2024
Transition to FRS 102 |
There have been no reclassifications or remeasurements of any of the figures at 30 November 2022 or 2023 and therefore the figures are as originally reported.