Harrison Properties (Midlands) Limited Filleted accounts for Companies House (small and micro)

HARRISON PROPERTIES (MIDLANDS) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03737561

Harrison Properties (Midlands) Limited

Filleted Unaudited Financial Statements

31 March 2021

Harrison Properties (Midlands) Limited

Statement of Financial Position

31 March 2021

	2021		2020
Note	£	£	£

Fixed assets

Investments	5		10,000	10,000

Current assets

Debtors	6	135,814		135,814

Creditors: amounts falling due within one year	7	94,062		94,062
		---------		---------
Net current assets			41,752	41,752
			--------	--------
Total assets less current liabilities			51,752	51,752
			--------	--------

Capital and reserves

Called up share capital	8	19,436	19,436
Capital redemption reserve	9	564	564
Profit and loss account	9	31,752	31,752
		--------	--------
Shareholders funds		51,752	51,752
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 30 June 2021 , and are signed on behalf of the board by:

M A Pardoe

Director

Company registration number: 03737561

Harrison Properties (Midlands) Limited

Notes to the Financial Statements

Year ended 31 March 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 52 Bromsgrove Road, Redditch, Worcestershire, B97 4JR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have also been prepared on the assumption that the company is able to carry on business as a going concern as the directors are not aware of any reason why the company cannot meet its anticipated future financial obligations from its own working capital.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

4. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to 3 (2020: 2).

5. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2020 and 31 March 2021	10,000
	--------
Impairment
At 1 April 2020 and 31 March 2021	–
	--------

Carrying amount
At 31 March 2021	10,000
	--------
At 31 March 2020	10,000
	--------

The company owns 100% of the share capital in the following companies, all of which are registered in England and Wales;

- Chaceley Properties Limited

- Harbro Properties (Redditch) Limited

- Birchfield Court Investments (Redditch) Limited

6. Debtors

	2021	2020
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	135,814	135,814
	---------	---------

7. Creditors: amounts falling due within one year

	2021	2020
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	94,062	94,062
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	2021		2020
	No.	£	No.	£
Ordinary shares of £ 0.20 each	97,180	19,436	97,180	19,436
	--------	--------	--------	--------

9. Reserves

Capital redemption reserve - This reserve records the nominal value of shares repurchased by the company. Profit and loss account - This reserve records retained earnings and accumulated losses.

10. Related party transactions

Birchfield Court Investments (Redditch) Limited At the year end the company was owed £115,814 (2020: £115,814) by the above related party. Harbro Properties (Redditch) Limited At the year end the company was owed £20,000 (2020: £20,000) by the above related party. During the year the company received a dividend of £175,000 (2020: £175,000) from the above related party. Chaceley Properties Limited The company owed the above related party £94,062 (2020: £94,062) at the year end. These companies are all 100% wholly owned subsidiaries of Harrison Properties (Midlands) Limited . Directors Transactions During the year the company paid dividends of £16,450 (2020: £16,450) to M Pardoe and £16,450 (2020: £16,450) to P H Harrison, both directors of the company.

11. Controlling party

The directors consider that the trustees of the D C Harrison 31 March 1989 Trust control the company.