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REGISTERED NUMBER: 08003311 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

J HARRIS LTD

J HARRIS LTD (REGISTERED NUMBER: 08003311)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J HARRIS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: J A Harris





REGISTERED OFFICE: Synergy Packaging
Shelton Road
Corby
Northamptonshire
NN17 5XH





REGISTERED NUMBER: 08003311 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

J HARRIS LTD (REGISTERED NUMBER: 08003311)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 4,390
Investment property 5 2,814,074 2,489,074
2,814,074 2,493,464

CURRENT ASSETS
Debtors 6 36,991 27,857
Cash at bank 67,958 33,151
104,949 61,008
CREDITORS
Amounts falling due within one year 7 393,307 413,794
NET CURRENT LIABILITIES (288,358 ) (352,786 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,525,716

2,140,678

CREDITORS
Amounts falling due after more than one
year

8

(416,185

)

(464,633

)

PROVISIONS FOR LIABILITIES (291,886 ) (210,636 )
NET ASSETS 1,817,645 1,465,409

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 973,212 729,462
Retained earnings 844,333 735,847
SHAREHOLDERS' FUNDS 1,817,645 1,465,409

J HARRIS LTD (REGISTERED NUMBER: 08003311)

BALANCE SHEET - continued
30TH SEPTEMBER 2024


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

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

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 director and authorised for issue on 20th May 2025 and were signed by:





J A Harris - Director


J HARRIS LTD (REGISTERED NUMBER: 08003311)

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


1. STATUTORY INFORMATION

J Harris 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historic cost basis.

The financial statements have been prepared on a going concern basis not withstanding that at 30th September 2024 the company had net current liabilities of £288,358. The director believes this basis to be appropriate and has agreed to provide funds as necessary to meet the day to day running costs of the business for the foreseeable future.

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.
Motor vehicles - 20% on reducing balance

Investment property
Investment property is shown at the director's estimate of fair value.

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


J HARRIS LTD (REGISTERED NUMBER: 08003311)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1st October 2023 8,400
Disposals (8,400 )
At 30th September 2024 -
DEPRECIATION
At 1st October 2023 4,010
Eliminated on disposal (4,010 )
At 30th September 2024 -
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 4,390

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023 2,489,074
Revaluations 325,000
At 30th September 2024 2,814,074
NET BOOK VALUE
At 30th September 2024 2,814,074
At 30th September 2023 2,489,074

J HARRIS LTD (REGISTERED NUMBER: 08003311)

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


5. INVESTMENT PROPERTY - continued

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2017 280,857
Valuation in 2021 610,000
Valuation in 2022 5,000
Valuation in 2023 44,240
Valuation in 2024 325,000
Cost 1,548,977
2,814,074

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,744 17,807
Other debtors 10,247 10,050
36,991 27,857

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 48,448 46,384
Trade creditors - 59
Taxation and social security 39,854 34,187
Other creditors 305,005 333,164
393,307 413,794

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 416,185 464,633

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 464,633 511,017

There is a fixed and floating charge over all the property or undertaking of the company in favour of Lloyds Bank PLC.

J HARRIS LTD (REGISTERED NUMBER: 08003311)

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


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Fair
value
reserve
£   
At 1st October 2023 729,462
Reserve transfer 325,000
Deferred tax movement (81,250 )

At 30th September 2024 973,212

12. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.

Included in other creditors is £175,969 owed to a director and £110,198 owed to a shareholder. The amounts are repayable on demand.