REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023 |
FOR |
HERITAGE CONSTRUCTION (EAST ANGLIA) |
LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023 |
FOR |
HERITAGE CONSTRUCTION (EAST ANGLIA) |
LIMITED |
HERITAGE CONSTRUCTION (EAST ANGLIA) |
LIMITED (REGISTERED NUMBER: 05187929) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
HERITAGE CONSTRUCTION (EAST ANGLIA) |
LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
HERITAGE CONSTRUCTION (EAST ANGLIA) |
LIMITED (REGISTERED NUMBER: 05187929) |
BALANCE SHEET |
31 JANUARY 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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 Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
HERITAGE CONSTRUCTION (EAST ANGLIA) |
LIMITED (REGISTERED NUMBER: 05187929) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2023 |
1. | STATUTORY INFORMATION |
Heritage Construction (East Anglia) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Plant and machinery etc | - |
Investment property |
Investment property is shown at fair value. Any aggregate surplus or deficit arising from the changes in fair value is recognised in the Statement of Income and Retained Earnings. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 February 2022 |
and 31 January 2023 |
DEPRECIATION |
At 1 February 2022 |
and 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
HERITAGE CONSTRUCTION (EAST ANGLIA) |
LIMITED (REGISTERED NUMBER: 05187929) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2022 |
and 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
At 31 January 2022 |
The fair value of the investment property at 31 January 2023 has been arrived at on the basis of a valuation carried out at that date by the directors of the company, who are not a professionally qualified valuers. The valuation, was arrived at by reference to market evidence of transaction prices for similar properties where the properties are situated. |
The historic cost of the investment property was £17,750. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary 'A' | £1 | 30 | 30 |
Ordinary 'B' | £1 | 30 | 30 |
Ordinary 'C' | £1 | 30 | 30 |
Ordinary 'D' | £1 | 10 | 10 |
100 | 100 |
HERITAGE CONSTRUCTION (EAST ANGLIA) |
LIMITED (REGISTERED NUMBER: 05187929) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2023 |
9. | RELATED PARTY DISCLOSURES |
At the year-end, the company was owed £180,457 (2022 - £180,457) by a company owning 10% of Heritage Construction (East Anglia) Limited's share capital, with a common director, and ultimately controlled by Mr N J Harvey. No interest was charged on this loan either this year or last year. |
At the year-end, the company was owed £169,110 (2022 - £169,110) by a company owning 10% of Heritage Construction (East Anglia) Limited's share capital, with a common director, and ultimately controlled by Mr G M King. No interest was charged on this loan either this year or last year. |
At the year-end, the company was owed £37,252 (2022 - £37,252) by a company owning 10% of Heritage Construction (East Anglia) Limited's share capital, with common directors Mr N J Elvin and Mr N J Harvey. Mr N J Harvey also has an interest in the issued share capital of that company. No interest was charged on this loan either this year or last year. |
At the year-end, the company was owed £4.948 (2022 was owed £2,573) by a company that is related by virtue of common directors, Mr G M King and Mr N J Harvey, who also have an interest in the issued share capital of that company. No interest was charged on this loan either this year or last year. During last year the year the company purchased freehold property at market value for £7,500 from that company. |
At the year-end, the company was owed £26,330 (2022 - £27,037) by a company of which Mr G M King and Mr N J Harvey are directors and shareholders. No interest was charged on this loan either this year or last year. The company also purchased freehold property at market value for £9,750 from this company during last year.At the year-end the company also owed this company £160 (2022 - £160), which is included as a balance within trade creditors. Other creditors also include £30,000 (2022 - £30,000) due to this company. |
At the year-end the company was owed £38 (2022 - £38) by a a company that is related by virtue of common directors, Mr G M King and Mr N J Elvin. No interest has been charged on this loan. |