REGISTERED NUMBER: 11151444 (England and Wales)

G & E HARRISON LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mr G Harrison

Mrs E Harrison

Mr G Harrison Jnr

Mr W Harrison

Mr R Harrison

Registered office:

Harrison Leisure UK Limited

Unit 3B, Edward VII Quay

PRESTON

Lancashire

PR2 2YF

Registered number:

11151444 (England and Wales)

Auditors:

Xeinadin Audit Limited

Accountants and Statutory Auditors

Dalton House

9 Dalton Square

LANCASTER

LA1 1WD

Fixed assets

Intangible assets

4

301,750

372,750

Tangible assets

5

1,779,942

1,722,187

2,081,692

2,094,937

Current assets

Debtors

6

238,548

341,866

Cash at bank

42,343

104,112

280,891

445,978

Creditors

Amounts falling due within one year

7

2,437,680

2,260,213

Net current liabilities

(2,156,789

)

(1,814,235

)

Total assets less current liabilities

(75,097

)

280,702

Capital and reserves

Called up share capital

100

100

Retained earnings

(75,197

)

280,602

(75,097

)

280,702

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mr W Harrison - Director

1.	Statutory information

G & E Harrison 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised over its estimated useful life of 10 years on a straight line basis.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% Straight line

Plant and machinery etc

-

10-50% s/line / 15-25% reducing bal

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 12 (2023 - NIL ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2024

and 31 December 2024

710,000

Amortisation

At 1 January 2024

337,250

Charge for year

71,000

At 31 December 2024

408,250

Net book value

At 31 December 2024

301,750

At 31 December 2023

372,750

5.	Tangible fixed assets

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 January 2024

1,651,008

181,071

1,832,079

Additions

78,677

44,297

122,974

Disposals

-

(37,535

)

(37,535

)

At 31 December 2024

1,729,685

187,833

1,917,518

Depreciation

At 1 January 2024

51,276

58,616

109,892

Charge for year

14,983

12,701

27,684

At 31 December 2024

66,259

71,317

137,576

Net book value

At 31 December 2024

1,663,426

116,516

1,779,942

At 31 December 2023

1,599,732

122,455

1,722,187

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

114,755

197,757

Other debtors

123,793

144,109

238,548

341,866

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

15,854

59,478

Amounts owed to group undertakings

2,078,360

1,917,048

Taxation and social security

80,150

93,618

Other creditors

263,316

190,069

2,437,680

2,260,213

8.	Disclosure under Section 444(5B) of the Companies Act 2006

The Auditors' Report was unqualified.

Tim Preece FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

9.	Contingent liabilities

The company has given an unlimited multilateral guarantee to HSBC Bank Plc dated 2 April 2024 to secure bank borrowings of the group. A group right of set off is held. The total amount guaranteed under this agreement after group set off is £39,943,000 (2023 - £35,782,656).

10.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr G Harrison Jnr

Balance outstanding at start of year

3,987

-

Amounts advanced

20,492

3,987

Amounts repaid

(24,479

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,987

Mr W Harrison

Balance outstanding at start of year

27,867

-

Amounts advanced

-

27,867

Amounts repaid

(27,867

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

27,867

Mr R Harrison

Balance outstanding at start of year

19,987

-

Amounts advanced

-

19,987

Amounts repaid

(19,987

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

19,987

11.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	Ultimate controlling party

The company is a wholly owned subsidiary of Harrison Leisure Group Limited, a company registered in England and Wales. Harrison Leisure Group Limited is under the control of no single person or body.

The parent of the largest and smallest group in which these financial statements are consolidated is Harrison Leisure Group Limited.

The address of Harrison Leisure Group Limited:

Riverside Leisure Centre Southport New Road, Banks Nr Southport, Leyland, Lancashire, United Kingdom, PR9 8DF

The consolidated financial statements of Harrison Leisure Group Limited are available to the public and

may be obtained from The Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.