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REGISTERED NUMBER: 09748169 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

FOR

S HEATON PROPERTIES LIMITED

S HEATON PROPERTIES LIMITED (REGISTERED NUMBER: 09748169)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


S HEATON PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2022







DIRECTOR: S J Heaton





REGISTERED OFFICE: 290 Bolton Road
Aspull
Wigan
Lancashire
WN2 1PR





REGISTERED NUMBER: 09748169 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

S HEATON PROPERTIES LIMITED (REGISTERED NUMBER: 09748169)

STATEMENT OF FINANCIAL POSITION
31 August 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 205,000 205,000

CURRENT ASSETS
Debtors 5 21,237 12,997
Cash at bank 12,232 11,554
33,469 24,551
CREDITORS
Amounts falling due within one year 6 209,176 212,364
NET CURRENT LIABILITIES (175,707 ) (187,813 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,293

17,187

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 29,292 17,186
SHAREHOLDERS' FUNDS 29,293 17,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2023 and were signed by:





S J Heaton - Director


S HEATON PROPERTIES LIMITED (REGISTERED NUMBER: 09748169)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2022

1. STATUTORY INFORMATION

S Heaton Properties 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.

The disclosure requirements of section 1a of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principle accounting policies adopted in the preparation of the financial statements are set out below.

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

Financial instruments
The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

The following assets and liabilities are classified as financial instruments; bank accounts, trade debtors, Directors' loan accounts, trade creditors and accruals.

Financial instruments that are payable or receivable within one year, typically bank accounts, trade debtors, Directors' loan accounts, trade creditors and accruals are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

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 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.

Other income
Other income represents rents receivable during the year excluding value added tax.

Rents receivable are recognised in accordance with the time period which tenants occupy the buildings. Any rents received in the advance are treated as deferred income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

S HEATON PROPERTIES LIMITED (REGISTERED NUMBER: 09748169)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2022

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2021
and 31 August 2022 205,000
NET BOOK VALUE
At 31 August 2022 205,000
At 31 August 2021 205,000

The company's investment property was valued at open market value on 31 August 2019 by the director.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 20,850 12,700
Other debtors 387 297
21,237 12,997

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1,872 6,224
Taxation and social security 4,928 2,821
Other creditors 202,376 203,319
209,176 212,364

7. RELATED PARTY DISCLOSURES

S J Heaton
Director

At the reporting date £200,576 (2021: £201,519) was due to S J Heaton. This amount is unsecured and there are no fixed repayment terms. No interest has been charged.

8. ULTIMATE CONTROLLING PARTY

The controlling party is S J Heaton.