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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018 |
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HARRISONS HOMES UK LTD |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018 |
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FOR |
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HARRISONS HOMES UK LTD |
HARRISONS HOMES UK LTD (REGISTERED NUMBER: 03870548) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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HARRISONS HOMES UK LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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HARRISONS HOMES UK LTD (REGISTERED NUMBER: 03870548) |
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BALANCE SHEET |
30 NOVEMBER 2018 |
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30/11/18 | 30/11/17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Revaluation reserve | 11 |
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Retained earnings | 11 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
HARRISONS HOMES UK LTD (REGISTERED NUMBER: 03870548) |
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BALANCE SHEET - continued |
30 NOVEMBER 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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HARRISONS HOMES UK LTD (REGISTERED NUMBER: 03870548) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
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1. | STATUTORY INFORMATION |
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Harrisons Homes UK Ltd is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents gross invoiced sales of the services provided. |
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Tangible fixed assets |
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Freehold property | - |
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Improvements to property | - |
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Fixtures and fittings | - |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | and |
property | property | fittings | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 December 2017 |
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Additions |
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At 30 November 2018 |
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DEPRECIATION |
At 1 December 2017 |
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Charge for year |
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At 30 November 2018 |
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NET BOOK VALUE |
At 30 November 2018 |
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At 30 November 2017 |
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HARRISONS HOMES UK LTD (REGISTERED NUMBER: 03870548) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Cost or valuation at 30 November 2018 is represented by: |
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Improvements | Fixtures |
Freehold | to | and |
property | property | fittings | Totals |
£ | £ | £ | £ |
Valuation in 2014 | 1,158,529 | - | - | 1,158,529 |
Cost | 971,471 | 62,967 | 129,604 | 1,164,042 |
2,130,000 | 62,967 | 129,604 | 2,322,571 |
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The freehold properties were valued on an open market basis, at 06 October 2014 , by the professional chartered |
surveyors CP Bigwood, the freehold property Principle Court, Firs Lane, Smethwick B67 6EL was valued at |
£1,230,000 and the freehold property 37 Dyott Road, Moseley, Birmingham B13 9QZ was valued at |
£900,000,therefore, the combined value of both the property at valuation date was £2,130,000. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/18 | 30/11/17 |
£ | £ |
Trade debtors |
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Associated Company | 146,612 | 107,594 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/18 | 30/11/17 |
£ | £ |
Bank loans and overdrafts (see note 8) |
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Trade creditors |
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Tax |
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Social security and other taxes |
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Pensions | 533 | - |
Other creditors |
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Net wages control account | 19,874 | 19,375 |
Directors' current accounts | 240,565 | 234,551 |
Accrued expenses |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30/11/18 | 30/11/17 |
£ | £ |
Bank loans (see note 8) |
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HARRISONS HOMES UK LTD (REGISTERED NUMBER: 03870548) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
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8. | LOANS |
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An analysis of the maturity of loans is given below: |
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30/11/18 | 30/11/17 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank Loans |
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Amounts falling due between one and two years: |
Bank loans - 1-2 years |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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30/11/18 | 30/11/17 |
£ | £ |
Bank loans |
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The bank borrowing is secured by a charge over the freehold properties owned by the company. |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/11/18 | 30/11/17 |
value: | £ | £ |
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Ordinary | £1 | 1,000 | 1,000 |
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11. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 December 2017 | ( |
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1,157,317 |
Profit for the year |
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Dividends | ( |
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At 30 November 2018 |
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1,159,087 |
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12. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £21,000 (2017 - £38,000) were paid to the directors . |
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13. | ASSOCIATED COMPANY |
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Harrisons Homes UK Limited is an associated company of C H Harrisons PLC and Harrisons Properties UK |
Limited within the meaning of section 416 ICTA 1988. |