Company registration number 09835156 (England and Wales)
HERITAGE LOCATIONS LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
HERITAGE LOCATIONS LTD
COMPANY INFORMATION
Directors
Ms S F Bailey
Mr M Luck
Company number
09835156
Registered office
The Tudor Barn
Well Hall Road
Eltham
London
SE9 6SZ
Accountants
Omer & Company Accountants Ltd
7 Chequers Parade
Passey Place
Eltham
London
SE9 1DD
HERITAGE LOCATIONS LTD
CONTENTS
Page
Directors' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
HERITAGE LOCATIONS LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2023
- 1 -

The directors present their annual report and financial statements for the year ended 31 March 2023.

Principal activities

The principal activity of the company continued to be that of restaurant and event venue

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Ms S F Bailey
Mr M Luck
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Ms S F Bailey
Mr M Luck
Director
Director
27 October 2023
HERITAGE LOCATIONS LTD
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
29,691
22,135
Current assets
Debtors
91,598
48,698
Cash at bank and in hand
61,877
168,945
153,475
217,643
Creditors: amounts falling due within one year
(138,011)
(132,259)
Net current assets
15,464
85,384
Total assets less current liabilities
45,155
107,519
Creditors: amounts falling due after more than one year
(119,498)
(142,422)
Deferred income
(357,967)
(254,740)
Net liabilities
(432,310)
(289,643)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(432,312)
(289,645)
Total equity
(432,310)
(289,643)

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

HERITAGE LOCATIONS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 27 October 2023 and are signed on its behalf by:
Ms S F Bailey
Mr M Luck
Director
Director
Company Registration No. 09835156
HERITAGE LOCATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
1
Accounting policies
Company information

Heritage Locations Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Tudor Barn, Well Hall Road, Eltham, London, SE9 6SZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Reducing Balance
Fixtures and fittings
25% Reducing Balance
Computers
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

Where a reasonable and consistent basis of allocation can be identified, assets are allocated to individual cash-generating units, or otherwise they are allocated to the smallest group of cash-generating units for which a reasonable and consistent allocation basis can be identified.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

HERITAGE LOCATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 5 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

HERITAGE LOCATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
30
30
4
Tangible fixed assets
Total
£
Cost
At 1 April 2022
74,370
Additions
17,454
At 31 March 2023
91,824
Depreciation and impairment
At 1 April 2022
52,236
Depreciation charged in the year
9,897
At 31 March 2023
62,133
Carrying amount
At 31 March 2023
29,691
At 31 March 2022
22,135
2023-03-312022-04-01false27 October 2023CCH SoftwareCCH Accounts Production 2023.100The principal activity of the company continued to be that of restaurant and event venue

Ms S F BaileyMr M Luck
098351562022-04-012023-03-3109835156bus:Director12022-04-012023-03-3109835156bus:Director22022-04-012023-03-3109835156bus:RegisteredOffice2022-04-012023-03-31098351562023-03-31098351562022-03-3109835156core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3109835156core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3109835156core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3109835156core:Non-currentFinancialInstrumentscore:AfterOneYear2022-03-3109835156core:ShareCapital2023-03-3109835156core:ShareCapital2022-03-3109835156core:RetainedEarningsAccumulatedLosses2023-03-3109835156core:RetainedEarningsAccumulatedLosses2022-03-3109835156core:PlantMachinery2022-04-012023-03-3109835156core:FurnitureFittings2022-04-012023-03-3109835156core:ComputerEquipment2022-04-012023-03-31098351562021-04-012022-03-31098351562022-03-3109835156bus:PrivateLimitedCompanyLtd2022-04-012023-03-3109835156bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3109835156bus:FRS1022022-04-012023-03-3109835156bus:AuditExemptWithAccountantsReport2022-04-012023-03-3109835156bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP