Registered number
14377438
Harriston Homes Holdings Limited
Filleted Accounts
30 September 2024
Harriston Homes Holdings Limited
Registered number: 14377438
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,756,900 1,775,768
Current assets
Cash at bank and in hand 191 75,908
Creditors: amounts falling due within one year 4 (403,963) (465,678)
Net current liabilities (403,772) (389,770)
Total assets less current liabilities 1,353,128 1,385,998
Creditors: amounts falling due after more than one year 5 (1,319,640) (1,345,059)
Net assets 33,488 40,939
Capital and reserves
Called up share capital 1 1
Profit and loss account 33,487 40,938
Shareholders' funds 33,488 40,939
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Paulyn Brown
Director
Approved by the board on 26 March 2025
Harriston Homes Holdings Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 1,784,283 10,250 1,794,533
At 30 September 2024 1,784,283 10,250 1,794,533
Depreciation
At 1 October 2023 17,740 1,025 18,765
Charge for the year 17,843 1,025 18,868
At 30 September 2024 35,583 2,050 37,633
Net book value
At 30 September 2024 1,748,700 8,200 1,756,900
At 30 September 2023 1,766,543 9,225 1,775,768
4 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 387,365 452,033
Taxation and social security costs 15,098 12,145
Other creditors 1,500 1,500
403,963 465,678
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,319,640 1,345,059
6 Related party transactions
Creditors at the year end include amount of £387,365.00 due to Harrsiton Homes Limited, a company in which the director Paulyn Brown has an interest. Amount is unsecured, interest free and repayable on demand.
7 Controlling party
The ultimate controlling party is Mrs Paulyn Brown as she holds 100% of shares in the company.
8 Other information
Harriston Homes Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
133 St. James's Drive
London, England, SW17 7RP
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