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REGISTERED NUMBER: 11226733 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

HEATHERLEIGH DEVELOPMENTS LIMITED

HEATHERLEIGH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11226733)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HEATHERLEIGH DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr M J Lear
Mrs C M Lear





REGISTERED OFFICE: PO Box 152
Crowhurst Road
Battle
TN33 3BX





REGISTERED NUMBER: 11226733 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

HEATHERLEIGH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11226733)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4 1,030,614 2,199,359
Debtors 5 4,561 3,900
Cash at bank 23,413 80,470
1,058,588 2,283,729
CREDITORS
Amounts falling due within one year 6 232,901 714,042
NET CURRENT ASSETS 825,687 1,569,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

825,687

1,569,687

CREDITORS
Amounts falling due after more than one year 7 890,240 1,643,824
NET LIABILITIES (64,553 ) (74,137 )

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings (64,753 ) (74,337 )
SHAREHOLDERS' FUNDS (64,553 ) (74,137 )

HEATHERLEIGH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11226733)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





Mr M J Lear - Director


HEATHERLEIGH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11226733)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Heatherleigh Developments 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. STOCKS
2023 2022
£    £   
Work-in-progress 1,030,614 2,199,359

HEATHERLEIGH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11226733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,561 3,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 225,000 48,274
Other creditors 7,901 665,768
232,901 714,042

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 890,240 1,643,824

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 699,650 1,018,824
Unsecured Loans 150,000 575,000
849,650 1,593,824

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 9,696 50,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 30,894 -

Amounts falling due in more than five years:

HEATHERLEIGH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11226733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. LOANS - continued
2023 2022
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 699,650 1,018,824
Unsecured Loans 150,000 575,000
849,650 1,593,824

As at 28th February 2021, there exists a fixed charge against the freehold property being 63-66 royal parade eastbourne and another charge against all the properties of the company in favour of Paragon Development Finance Limited dated 29th January 2019.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary Shares £ 1 200 200

10. GOING CONCERN

The company's balance sheet shows a net deficit shareholders fund position. However, the director's have received confirmation from the shareholders of their continued financial support for the foreseeable future and for at least twelve months from the date of signature of these accounts.