Harvest Property Investment Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09893491 (England and Wales)

HARVEST PROPERTY INVESTMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J L Smyth

M M Foo

REGISTERED OFFICE:

Jocks Sergisons Business Centre

Hyde Park

Nelson Street

Doncaster

South Yorkshire

DN4 5AB

REGISTERED NUMBER:

09893491 (England and Wales)

FIXED ASSETS

Investment property

4

1,500,000

CURRENT ASSETS

Cash at bank

3,399

665

CREDITORS

Amounts falling due within one year

5

145,802

132,992

NET CURRENT LIABILITIES

(142,403

)

(132,327

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,357,597

1,367,673

CREDITORS

Amounts falling due after more than one
year

6

(984,492

)

(1,009,502

)

PROVISIONS FOR LIABILITIES

(71,451

)

(71,451

)

NET ASSETS

301,654

286,720

CAPITAL AND RESERVES

Called up share capital

7

100

Undistributable reserves

214,353

Retained earnings

87,201

72,267

SHAREHOLDERS' FUNDS

301,654

286,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 6 November 2025 and were signed on its behalf by:

J L Smyth - Director

1.	STATUTORY INFORMATION

Harvest Property Investment 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Going concern

At 31 March 2025, the company had net current liabilities of £142,403 (2024: £132,327). The company is dependent on the continual support of the Directors and other creditors. Given the continuance of this support, the Directors consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,500,000

NET BOOK VALUE

At 31 March 2025

1,500,000

At 31 March 2024

1,500,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

215,617

Valuation in 2021

20,186

Valuation in 2022

50,000

Cost

1,214,197

1,500,000

If Investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

1,214,196

Investment Property was valued on an open market basis on 10 August 2021 by Carter Towler Chartered Surveyors .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

27,794

28,090

Taxation and social security

3,503

2,647

Other creditors

114,505

102,255

145,802

132,992

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

984,492

1,009,502

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

1

100

8.	OTHER FINANCIAL COMMITMENTS

Mr J L Smyth has given personal guarantees to certain loans to the company.

The bank loans are secured by a legal charge over the property, guarantees given by companies in which the directors have an interest and a legal charge over property owned by a company in which Ms M M Foo has an interest.