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REGISTERED NUMBER: 01208245 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Heathland Products Limited

Heathland Products Limited (Registered number: 01208245)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Heathland Products Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs P J A Deans





REGISTERED OFFICE: Baker's Lodge
3 High Street
Stock
Nr. Ingatestone
Essex
CM4 9BD





REGISTERED NUMBER: 01208245 (England and Wales)

Heathland Products Limited (Registered number: 01208245)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 22,553 138
Investments 6 51 50
Investment property 7 1,922,263 1,922,263
1,944,867 1,922,451

CURRENT ASSETS
Debtors 8 91,627 72,293
Investments 9 110,985 119,660
Cash at bank 317,519 347,154
520,131 539,107
CREDITORS
Amounts falling due within one year 10 44,235 45,869
NET CURRENT ASSETS 475,896 493,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,420,763

2,415,689

PROVISIONS FOR LIABILITIES 17,151 25,915
NET ASSETS 2,403,612 2,389,774

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7,161 16,381
Fair value reserve 93,987 93,987
Retained earnings 2,302,364 2,279,306
SHAREHOLDERS' FUNDS 2,403,612 2,389,774

Heathland Products Limited (Registered number: 01208245)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





Mrs P J A Deans - Director


Heathland Products Limited (Registered number: 01208245)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Heathland Products 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern
The Directors have assessed the current and future effects of COVID-19 on the Company. The Company has been able to continue to trade during the pandemic, on this basis, the Directors consider it appropriate to prepare the financial statements on a going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Heathland Products Limited (Registered number: 01208245)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Investments are recognised initially at cost, and revalued each year to market value, with any surplus or deficit arising from changes recognised in the profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Heathland Products Limited (Registered number: 01208245)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 780
Additions 29,995
Disposals (463 )
At 31 March 2023 30,312
DEPRECIATION
At 1 April 2022 642
Charge for year 7,518
Eliminated on disposal (401 )
At 31 March 2023 7,759
NET BOOK VALUE
At 31 March 2023 22,553
At 31 March 2022 138

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022 50
Additions 1
At 31 March 2023 51
NET BOOK VALUE
At 31 March 2023 51
At 31 March 2022 50

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,922,263
NET BOOK VALUE
At 31 March 2023 1,922,263
At 31 March 2022 1,922,263

Heathland Products Limited (Registered number: 01208245)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2020 5,000
Valuation in 2015 111,034
Cost 1,806,229
1,922,263

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,806,229 1,806,229

Investment properties were valued on an open market basis on 22 November 2023 by Jones Norris Adams .

The director does not consider the value of investment property to have changed since 29 March 2020.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,150 40,750
Amounts owed by group undertakings 5,364 3,661
Other debtors 28,113 27,882
91,627 72,293

Included within other debtors disclosed above is a balance of £3,114 (2022 - £2,622) in relation to prepaid expenses, a balance of £nil (2022 - £261) in relation to tax and a balance of £24,999 (2022 - £24,999) in relation to other debtors.

9. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 110,985 119,659
Unlisted investments - 1
110,985 119,660

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 347
Taxation and social security 3,306 241
Other creditors 40,929 45,281
44,235 45,869

Heathland Products Limited (Registered number: 01208245)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included within other creditors disclosed above is a balance of £3,726 (2022 - £3,592) in relation to accrued expenses, a balance of £14,045 (2022 - £10,563) in relation to deferred income, a balance of £3,158 (2022 - £5,617) in relation to directors loan accounts, a balance of £20,000 (2022 - £20,000) in relation to deposits held and a balance of £nil (2022 - £5,509) in relation to other creditors.

11. LEASING AGREEMENTS
Lessor

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

2023 2022
£ £
Within one year 116,500 116,500