HARRISS PROPERTY (R) LIMITED

HARRISS PROPERTY (R) LIMITED

HARRISS PROPERTY (R) LIMITED - Company Information

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HARRISS PROPERTY (R) LIMITED

Company Registration Number:
07591272 (England and Wales)

Unaudited abridged accounts for the year ended 26 February 2020

Period of accounts

Start date: 01 March 2019

End date: 26 February 2020

HARRISS PROPERTY (R) LIMITED

Contents of the Financial Statements

for the Period Ended 26 February 2020

Balance sheet
Notes

HARRISS PROPERTY (R) LIMITED

Balance sheet

As at 26 February 2020


Notes
2020
2019


£
£
Called up share capital not paid: 1 1
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 163,750 163,750
Investments: 4 1 1
Total fixed assets: 163,751 163,751
Current assets
Stocks: 5,473,220 3,973,475
Debtors:   1,645,962 1,390,832
Cash at bank and in hand: 1 1
Investments:   0 0
Total current assets: 7,119,183 5,364,308
Creditors: amounts falling due within one year:   (214,776) (153,163)
Net current assets (liabilities): 6,904,407 5,211,145
Total assets less current liabilities: 7,068,159 5,374,897
Creditors: amounts falling due after more than one year: 5 (8,003,738) (6,236,830)
Provision for liabilities: 0 0
Total net assets (liabilities): (935,579) (861,933)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (935,580) (861,934)
Shareholders funds: (935,579) (861,933)

The notes form part of these financial statements

HARRISS PROPERTY (R) LIMITED

Balance sheet statements

For the year ending 26 February 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 May 2021
and signed on behalf of the board by:

Name: J R Harriss
Status: Director

The notes form part of these financial statements

HARRISS PROPERTY (R) LIMITED

Notes to the Financial Statements

for the Period Ended 26 February 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

HARRISS PROPERTY (R) LIMITED

Notes to the Financial Statements

for the Period Ended 26 February 2020

2. Employees

2020 2019
Average number of employees during the period 2 2

HARRISS PROPERTY (R) LIMITED

Notes to the Financial Statements

for the Period Ended 26 February 2020

3. Tangible Assets

Total
Cost £
At 01 March 2019 163,750
At 26 February 2020 163,750
Depreciation
At 01 March 2019 0
At 26 February 2020 0
Net book value
At 26 February 2020 163,750
At 28 February 2019 163,750

HARRISS PROPERTY (R) LIMITED

Notes to the Financial Statements

for the Period Ended 26 February 2020

4. Fixed investments

Investment property comprises reversionary interest. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 28 February 2020 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

HARRISS PROPERTY (R) LIMITED

Notes to the Financial Statements

for the Period Ended 26 February 2020

5. Creditors: amounts falling due after more than one year note

Included within other creditors are loans of £8,002,738 (2019 - £6,236,830) which are secured by a fixed and floating charge against the freehold land and buildings to which they relate.