REGISTERED NUMBER: 04646372 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

D & S HARRIS HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D C Harris

SECRETARY:

D C Harris

REGISTERED OFFICE:

Riverside House River Lane

Saltney

Chester

CH48RQ

REGISTERED NUMBER:

04646372 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Barclays Bank plc

Leicester

Leicestershire

LE87 2BB

FIXED ASSETS

Tangible assets

4

6,603,908

7,715,762

CURRENT ASSETS

Debtors

5

15,189

457,079

Cash in hand

-

963

15,189

458,042

CREDITORS

Amounts falling due within one year

6

4,353,876

1,268,586

NET CURRENT LIABILITIES

(4,338,687

)

(810,544

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,265,221

6,905,218

CREDITORS

Amounts falling due after more than one year

7

(2,103,480

)

(4,031,672

)

PROVISIONS FOR LIABILITIES

8

(148,087

)

-

NET ASSETS

13,654

2,873,546

CAPITAL AND RESERVES

Called up share capital

9

50

50

Revaluation reserve

10

385,031

3,219,517

Retained earnings

(371,427

)

(346,021

)

SHAREHOLDERS' FUNDS

13,654

2,873,546

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31st August 2025 and were signed by:

D C Harris - Director

1.	STATUTORY INFORMATION

D & S Harris Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST OR VALUATION

At 1st February 2024

7,578,747

83,133

15,608

Additions

1,627,395

638

3,136

Revaluations

(2,706,142

)

-

-

At 31st January 2025

6,500,000

83,771

18,744

DEPRECIATION

At 1st February 2024

-

34,107

13,394

Charge for year

-

14,752

582

At 31st January 2025

-

48,859

13,976

NET BOOK VALUE

At 31st January 2025

6,500,000

34,912

4,768

At 31st January 2024

7,578,747

49,026

2,214

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1st February 2024

111,099

12,072

7,800,659

Additions

-

1,929

1,633,098

Revaluations

-

-

(2,706,142

)

At 31st January 2025

111,099

14,001

6,727,615

DEPRECIATION

At 1st February 2024

27,775

9,621

84,897

Charge for year

21,859

1,617

38,810

At 31st January 2025

49,634

11,238

123,707

NET BOOK VALUE

At 31st January 2025

61,465

2,763

6,603,908

At 31st January 2024

83,324

2,451

7,715,762

Cost or valuation at 31st January 2025 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Valuation in 2022

484,743

-

-

Valuation in 2023

2,762,727

-

-

Valuation in 2025

(2,706,142

)

-

-

Cost

5,958,672

83,771

18,744

6,500,000

83,771

18,744

Motor

Computer

vehicles

equipment

Totals

£

£

£

Valuation in 2022

-

-

484,743

Valuation in 2023

-

-

2,762,727

Valuation in 2025

-

-

(2,706,142

)

Cost

111,099

14,001

6,186,287

111,099

14,001

6,727,615

If freehold properties had not been revalued they would have been included at the following historical cost:

31.1.25

31.1.24

£

£

Cost

5,958,672

4,331,277

Freehold properties were valued on an open market basis on 13th May 2025 by Savills .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

-

3,957

Amounts owed by group undertakings

-

368,616

VAT

15,189

84,506

15,189

457,079

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

3,015,272

35,682

Hire purchase contracts

66,018

68,177

Trade creditors

610,375

575,528

Amounts owed to group undertakings

528,304

443,631

Tax

-

48,483

Social security and other taxes

65,640

-

Other creditors

66,600

91,600

Credit Card

1,667

-

Directors' current accounts

-

5,485

4,353,876

1,268,586

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 1-2 years

1,876,897

3,897,228

Hire purchase contracts

226,583

134,444

2,103,480

4,031,672

8.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

Accelerated capital allowances

19,743

-

Revaluation

128,344

-

148,087

-

Deferred

tax

£

Movement in the year due to:

changes in tax allowances

19,743

changes in tax rates

changes in tax losses

changes in revaluations

128,344

Balance at 31st January 2025

148,087

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

50

Ordinary

£1

50

50

10.

RESERVES

Revaluation

reserve

£

At 1st February 2024

3,219,517

Revaluation

(2,834,486

)

At 31st January 2025

385,031

11.	CAPITAL COMMITMENTS

31.1.25

31.1.24

£

£

Contracted but not provided for in the

financial statements

-

-

12.	RELATED PARTY DISCLOSURES

As at the year end, the company owed £528,304 to Harris Construction (UK) Limited.

D & S Harris Homes Limited and Harris Construction (UK) Limited are both subsidiaries of Harris Holdings (UK) Limited.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Harris Holdings (UK) Limited.

The ultimate controlling party is D C Harris.