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

REGISTERED NUMBER: 06381218 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MICHAEL & LISA HARRISON PROPERTIES

LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

2,893,526

2,540,868

Investments

5

100

298,462

2,893,626

2,839,330

CURRENT ASSETS

Debtors

6

17,162

31,176

Cash at bank

11,130

12,908

28,292

44,084

CREDITORS

Amounts falling due within one year

7

383,065

404,341

NET CURRENT LIABILITIES

(354,773

)

(360,257

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,538,853

2,479,073

CREDITORS

Amounts falling due after more than one year

8

(931,159

)

(931,159

)

PROVISIONS FOR LIABILITIES

10

(220,651

)

(132,485

)

NET ASSETS

1,387,043

1,415,429

CAPITAL AND RESERVES

Called up share capital

11

100

Share premium

407,901

Special reserve

12

751,100

503,223

Retained earnings

227,942

504,205

SHAREHOLDERS' FUNDS

1,387,043

1,415,429

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 27 May 2026 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 are as below:

Registered number:

06381218

Registered office:

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES

Investments in subsidiary and associate 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

Cost or valuation

At 1 January 2025

2,539,499

3,748

-

1,074

2,544,321

Additions

-

22,500

-

22,500

Revaluations

330,501

-

330,501

At 31 December 2025

2,870,000

3,748

22,500

1,074

2,897,322

Depreciation

At 1 January 2025

-

2,379

-

1,074

3,453

Charge for year

-

343

-

343

At 31 December 2025

-

2,722

-

1,074

3,796

Net book value

At 31 December 2025

2,870,000

1,026

22,500

-

2,893,526

At 31 December 2024

2,539,499

1,369

-

2,540,868

Cost or valuation at 31 December 2025 is represented by:

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

Valuation in 2017

175,884

-

175,884

Valuation in 2023

459,483

-

459,483

Valuation in 2025

330,501

-

330,501

Cost

1,904,132

3,748

22,500

1,074

1,931,454

2,870,000

3,748

22,500

1,074

2,897,322

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

Cost or valuation

At 1 January 2025

298,462

Revaluations

(298,362

)

At 31 December 2025

100

Net book value

At 31 December 2025

100

At 31 December 2024

298,462

Cost or valuation at 31 December 2025 is represented by:

Interest

in

associate

£

Valuation in 2025

(298,362

)

Cost

298,462

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by associates

17,162

31,176

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

12,090

8,637

Other creditors

370,975

395,704

383,065

404,341

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans (see note 9)

931,159

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due between one and two years:

Bank loans > 1 year

931,159

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

Accelerated capital allowances

5,882

342

Deferred tax

214,769

132,143

220,651

132,485

Deferred

tax

£

Balance at 1 January 2025

132,485

Provided during year

88,166

Balance at 31 December 2025

220,651

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

12.

RESERVES

Special

reserve

£

At 1 January 2025

503,223

Revaluation to fair value

247,877

At 31 December 2025

751,100