Harris John Property Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09380648 (England and Wales)

HARRIS JOHN PROPERTY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2020

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr. S P John

REGISTERED OFFICE:

23 Trem Y Bae

Penarth

CF64 1TG

REGISTERED NUMBER:

09380648 (England and Wales)

ACCOUNTANTS:

Carston Chartered Accountants

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

5,537

7,768

Investment property

5

756,500

685,833

762,037

693,601

CURRENT ASSETS

Debtors

6

9,588

700

Cash at bank

6,169

17,886

15,757

18,586

CREDITORS

Amounts falling due within one year

7

334,339

348,773

NET CURRENT LIABILITIES

(318,582

)

(330,187

)

TOTAL ASSETS LESS CURRENT LIABILITIES

443,455

363,414

CREDITORS

Amounts falling due after more than one year

8

379,988

379,988

NET ASSETS/(LIABILITIES)

63,467

(16,574

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Other reserves

70,667

-

Retained earnings

(7,201

)

(16,575

)

SHAREHOLDERS' FUNDS

63,467

(16,574

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 4th January 2021 and were signed by:

Mr. S P John - Director

1.	STATUTORY INFORMATION

Harris John Property 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.

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st July 2019

and 30th June 2020

11,154

DEPRECIATION

At 1st July 2019

3,386

Charge for year

2,231

At 30th June 2020

5,617

NET BOOK VALUE

At 30th June 2020

5,537

At 30th June 2019

7,768

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st July 2019

685,833

Revaluations

70,667

At 30th June 2020

756,500

NET BOOK VALUE

At 30th June 2020

756,500

At 30th June 2019

685,833

Fair value at 30th June 2020 is represented by:

£

Valuation in 2020

70,667

Cost

685,833

756,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

9,588

700

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

440

-

Other creditors

333,899

348,773

334,339

348,773

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

379,988

379,988

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

1

Ordinary

£1

1

1