REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2022 |
FOR |
S HEATON PROPERTIES LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
NET BOOK VALUE |
At 31 August 2022 |
At 31 August 2021 |
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 |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
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. |