Company Registration No. 11649290 (England and Wales)
HEALDAN ESTATES LTD
Unaudited accounts
for the year ended 31 October 2022
HEALDAN ESTATES LTD
Unaudited accounts
Contents
HEALDAN ESTATES LTD
Company Information
for the year ended 31 October 2022
Directors
CHOWDHARY, Salil
HEALDAN LIMITED
Company Number
11649290 (England and Wales)
Registered Office
COACH HOUSE WOBURN ROAD
HEATH AND REACH
LEIGHTON BUZZARD
LU7 0AP
UNITED KINGDOM
HEALDAN ESTATES LTD
Statement of financial position
as at 31 October 2022
Tangible assets
113,504
61,909
Inventories
1,768,977
948,782
Cash at bank and in hand
7,469
4,302
Creditors: amounts falling due within one year
(2,037,507)
(1,082,516)
Net current liabilities
(239,134)
(115,803)
Total assets less current liabilities
(125,630)
(53,894)
Creditors: amounts falling due after more than one year
(71,589)
(22,022)
Net liabilities
(197,219)
(75,916)
Called up share capital
10
10
Profit and loss account
(197,229)
(75,926)
Shareholders' funds
(197,219)
(75,916)
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by
CHOWDHARY, Salil
Director
Company Registration No. 11649290
HEALDAN ESTATES LTD
Notes to the Accounts
for the year ended 31 October 2022
HEALDAN ESTATES LTD is a private company, limited by shares, registered in England and Wales, registration number 11649290. The registered office is COACH HOUSE WOBURN ROAD, HEATH AND REACH, LEIGHTON BUZZARD, LU7 0AP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
25% straight line
Fixtures & fittings
15% on reducing balance
Computer equipment
20% reducing value
HEALDAN ESTATES LTD
Notes to the Accounts
for the year ended 31 October 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2021
46,989
25,799
2,845
4,758
80,391
Additions
11,330
70,833
758
1,453
84,374
At 31 October 2022
58,319
96,632
3,603
6,211
164,765
At 1 November 2021
9,051
6,450
901
2,080
18,482
Charge for the year
7,390
24,158
405
826
32,779
At 31 October 2022
16,441
30,608
1,306
2,906
51,261
At 31 October 2022
41,878
66,024
2,297
3,305
113,504
At 31 October 2021
37,938
19,349
1,944
2,678
61,909
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
2,591
-
Obligations under finance leases and hire purchase contracts
23,556
13,956
Amounts owed to group undertakings and other participating interests
1,524,625
800,970
Loans from directors
481,801
265,670
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
71,589
22,022
8
Average number of employees
During the year the average number of employees was 0 (2021: 1).