Harrison Kooiman Properties LTD 11162313 false 2024-01-01 2025-03-31 2025-03-31 The principal activity of the company is the letting of property Digita Accounts Production Advanced 6.30.9574.0 true 11162313 2024-01-01 2025-03-31 11162313 2025-03-31 11162313 bus:OrdinaryShareClass1 2025-03-31 11162313 core:CurrentFinancialInstruments 2025-03-31 11162313 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 11162313 core:FurnitureFittingsToolsEquipment 2025-03-31 11162313 bus:SmallEntities 2024-01-01 2025-03-31 11162313 bus:AuditExemptWithAccountantsReport 2024-01-01 2025-03-31 11162313 bus:FilletedAccounts 2024-01-01 2025-03-31 11162313 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2025-03-31 11162313 bus:RegisteredOffice 2024-01-01 2025-03-31 11162313 bus:Director1 2024-01-01 2025-03-31 11162313 bus:Director2 2024-01-01 2025-03-31 11162313 bus:OrdinaryShareClass1 2024-01-01 2025-03-31 11162313 bus:PrivateLimitedCompanyLtd 2024-01-01 2025-03-31 11162313 bus:Agent1 2024-01-01 2025-03-31 11162313 core:FurnitureFittingsToolsEquipment 2024-01-01 2025-03-31 11162313 countries:England 2024-01-01 2025-03-31 11162313 2023-12-31 11162313 core:FurnitureFittingsToolsEquipment 2023-12-31 11162313 2023-01-01 2023-12-31 11162313 2023-12-31 11162313 bus:OrdinaryShareClass1 2023-12-31 11162313 core:CurrentFinancialInstruments 2023-12-31 11162313 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11162313 core:FurnitureFittingsToolsEquipment 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11162313

Harrison Kooiman Properties LTD

Unaudited Filleted Financial Statements

for the Period from 1 January 2024 to 31 March 2025

 

Harrison Kooiman Properties LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Harrison Kooiman Properties LTD

Company Information

Directors

Mr Marcel Christiaan Kooiman

Mr Duncan James Harrison

Registered office

24 Well Garth Bank
Leeds
LS13 1EW

Accountants

Nigel Gorski Consulting 23 Hollinwood View
Bingley
West Yorkshire
BD16 2EF

 

Harrison Kooiman Properties LTD

(Registration number: 11162313)
Balance Sheet as at 31 March 2025

Note

2025
£

2023
£

Fixed assets

 

Tangible assets

4

592

789

Investment property

5

917,990

762,907

 

918,582

763,696

Current assets

 

Debtors

6

735

943

Cash at bank and in hand

 

11,456

4,763

 

12,191

5,706

Creditors: Amounts falling due within one year

7

(879,789)

(740,308)

Net current liabilities

 

(867,598)

(734,602)

Net assets

 

50,984

29,094

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

50,884

28,994

Shareholders' funds

 

50,984

29,094

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 August 2025 and signed on its behalf by:
 

.........................................
Mr Marcel Christiaan Kooiman
Director

 

Harrison Kooiman Properties LTD

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
24 Well Garth Bank
Leeds
LS13 1EW

These financial statements were authorised for issue by the Board on 1 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These 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 financial statements 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Harrison Kooiman Properties LTD

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

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 asset, other than residential property over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Harrison Kooiman Properties LTD

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

Harrison Kooiman Properties LTD

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

1,052

1,052

At 31 March 2025

1,052

1,052

Depreciation

At 1 January 2024

263

263

Charge for the period

197

197

At 31 March 2025

460

460

Carrying amount

At 31 March 2025

592

592

At 31 December 2023

789

789

5

Investment properties

2025
£

At 1 January

762,907

Additions

155,083

At 31 March

917,990

The directors are of the opinion that fair value is not materially different from acquisition cost.

The properties were valued independently at the point they were acquired.

6

Debtors

Current

2025
£

2023
£

Trade debtors

75

300

Prepayments

660

643

 

735

943

 

Harrison Kooiman Properties LTD

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2023
£

Due within one year

 

Loans and borrowings

9

873,739

737,317

Taxation and social security

 

5,416

2,334

Accruals and deferred income

 

634

657

 

879,789

740,308

8

Share capital

Allotted, called up and fully paid shares

2025

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Loans and borrowings

Current loans and borrowings

2025
£

2023
£

Other borrowings

873,739

737,317

10

Related party transactions

 

Harrison Kooiman Properties LTD

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

Directors' remuneration

The directors' remuneration for the period was as follows:

2025
£

2023
£

Remuneration

13,999

-