REGISTERED NUMBER: 00582968 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

John Harrison (Lowdham) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D C Betts

Mrs L Betts

REGISTERED OFFICE:

Southwell Road

Lowdham

Nottinghamshire

NG14 7DS

REGISTERED NUMBER:

00582968 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Tangible assets

4

1,680,311

1,238,647

CURRENT ASSETS

Stocks

230,916

611,139

Debtors

110,565

106,218

Cash at bank and in hand

75,265

57,763

416,746

775,120

CREDITORS

Amounts falling due within one year

419,131

1,456,832

NET CURRENT LIABILITIES

(2,385

)

(681,712

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,677,926

556,935

CREDITORS

Amounts falling due after more than one year

5

1,339,024

460,778

NET ASSETS

338,902

96,157

CAPITAL AND RESERVES

Called up share capital

27,001

27,001

Revaluation reserve

7

1,188,847

718,990

Retained earnings

(876,946

)

(649,834

)

338,902

96,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement 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:

D C Betts - Director

1.	STATUTORY INFORMATION

John Harrison (Lowdham) 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 as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

2% of cost or valuation

Plant and machinery etc

-

20% on cost and 15% on reducing balance

Freehold properties are valued at market value . They are maintained to a high level and as a result no depreciation has been charged.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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 24 (2023 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 January 2024

1,621,682

Revaluations

469,857

At 31 December 2024

2,091,539

DEPRECIATION

At 1 January 2024

383,035

Charge for year

28,193

At 31 December 2024

411,228

NET BOOK VALUE

At 31 December 2024

1,680,311

At 31 December 2023

1,238,647

Cost or valuation at 31 December 2024 is represented by:

Totals

£

Valuation in 2016

426,759

Valuation in 2021

150,000

Valuation in 2024

469,857

Cost

1,044,923

2,091,539

If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

453,384

453,384

Aggregate depreciation

(142,231

)

(142,231

)

Value of land in freehold land and buildings

100,000

100,000

Freehold land and buildings were valued on an open market basis on 19 September 2024 by Fisher Hargreaves Proctor Ltd .

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2024

2023

£

£

Repayable by instalments

Bank loans more 5 yr by instal

789,090

-

6.	SECURED DEBTS

Fixed and floating charges were taken out on 9 January 2024 by Together Commercial Finance Limited on all monies due from the company. The charge was secured against the land at Southwell Road, Lowdham and all fixed assets held at the property.

Fixed and floating charges were taken out on 28 November 2024 by Together Commercial Finance Limited on all monies due from the company. The charge was secured against the property at Sycamore Lane, Bleasby and all fixed assets held at the property.

7.

RESERVES

Revaluation

reserve

£

At 1 January 2024

718,990

Revaluation transfer

469,857

At 31 December 2024

1,188,847