Michael & Lisa Harrison Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06381218 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MICHAEL & LISA HARRISON PROPERTIES

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Harrison

Mrs L Harrison

REGISTERED OFFICE:

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

REGISTERED NUMBER:

06381218 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Tangible assets

4

2,540,868

2,242,026

Investments

5

298,462

2,839,330

2,540,488

CURRENT ASSETS

Debtors

6

31,176

76,431

Cash at bank

12,908

49,633

44,084

126,064

CREDITORS

Amounts falling due within one year

7

404,341

182,724

NET CURRENT LIABILITIES

(360,257

)

(56,660

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,479,073

2,483,828

CREDITORS

Amounts falling due after more than one
year

8

(931,159

)

(931,159

)

PROVISIONS FOR LIABILITIES

10

(132,485

)

(124,168

)

NET ASSETS

1,415,429

1,428,501

CAPITAL AND RESERVES

Called up share capital

11

100

Share premium

407,901

Special reserve

12

503,223

511,706

Retained earnings

504,205

508,794

SHAREHOLDERS' FUNDS

1,415,429

1,428,501

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.

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 29 September 2025 and were signed on its behalf by:

Mr M J Harrison - Director

1.	STATUTORY INFORMATION

Michael & Lisa Harrison Properties 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 each asset over its estimated useful life.

Freehold property

-

NIL

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on cost

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

Cost or valuation

At 1 January 2024

2,240,000

3,748

1,074

2,244,822

Additions

299,499

-

299,499

At 31 December 2024

2,539,499

3,748

1,074

2,544,321

Depreciation

At 1 January 2024

-

1,923

873

2,796

Charge for year

-

456

201

657

At 31 December 2024

-

2,379

1,074

3,453

Net book value

At 31 December 2024

2,539,499

1,369

-

2,540,868

At 31 December 2023

2,240,000

1,825

201

2,242,026

Cost or valuation at 31 December 2024 is represented by:

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

Valuation in 2017

175,884

-

175,884

Valuation in 2023

459,483

-

459,483

Cost

1,904,132

3,748

1,074

1,908,954

2,539,499

3,748

1,074

2,544,321

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

Cost

At 1 January 2024

and 31 December 2024

298,462

Net book value

At 31 December 2024

298,462

At 31 December 2023

298,462

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed by group undertakings

-

76,431

Amounts owed by associates

31,176

-

31,176

76,431

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Taxation and social security

8,637

11,039

Other creditors

395,704

171,685

404,341

182,724

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans (see note 9)

931,159

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

Amounts falling due between one and two years:

Bank loans > 1 year

931,159

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

Accelerated capital allowances

342

-

Deferred tax

132,143

124,168

132,485

124,168

Deferred

tax

£

Balance at 1 January 2024

124,168

Utilised during year

8,317

Balance at 31 December 2024

132,485

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1

100

12.

RESERVES

Special

reserve

£

At 1 January 2024

511,706

Revaluation to fair value

(8,483

)

At 31 December 2024

503,223