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REGISTERED NUMBER: 04286640 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Heathvine Properties Limited

Heathvine Properties Limited (Registered number: 04286640)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Heathvine Properties Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: H Curtis





SECRETARY: Mrs S R Curtis





REGISTERED OFFICE: Livers Farm
Preston Road
Hedon
Hull
East Yorkshire
HU12 8JU





REGISTERED NUMBER: 04286640 (England and Wales)





ACCOUNTANTS: WOODGATES
Chartered Accountants
25 Woodgates Lane
North Ferriby
East Yorkshire
HU14 3JR

Heathvine Properties Limited (Registered number: 04286640)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,308 48,300
Investments 5 295,000 295,000
324,308 343,300

CURRENT ASSETS
Stocks 2,520,578 2,520,578
Debtors 6 1,110,831 1,061,935
Cash at bank 219,198 71,591
3,850,607 3,654,104
CREDITORS
Amounts falling due within one year 7 547,688 446,639
NET CURRENT ASSETS 3,302,919 3,207,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,627,227

3,550,765

CREDITORS
Amounts falling due after more than one
year

8

1,245,500

1,201,208
NET ASSETS 2,381,727 2,349,557

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,381,725 2,349,555
2,381,727 2,349,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Heathvine Properties Limited (Registered number: 04286640)

Balance Sheet - continued
30 September 2023


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 director and authorised for issue on 22 January 2024 and were signed by:





H Curtis - Director


Heathvine Properties Limited (Registered number: 04286640)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Heathvine Properties 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.

Turnover represents rents receivable and sales of properties held as stock.

Rents receivable are recognised for the period to which they relate.

Property sales are recognised on legal completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 15% on cost

Stocks
Properties held for resale and redevelopment are held as stock and are valued at the lower of cost and net realisable value.

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.


Heathvine Properties Limited (Registered number: 04286640)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
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.

Fixed asset investments
Unlisted investments are stated at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 161,952
DEPRECIATION
At 1 October 2022 113,652
Charge for year 18,992
At 30 September 2023 132,644
NET BOOK VALUE
At 30 September 2023 29,308
At 30 September 2022 48,300

Heathvine Properties Limited (Registered number: 04286640)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022
and 30 September 2023 295,000
NET BOOK VALUE
At 30 September 2023 295,000
At 30 September 2022 295,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 75,795 57,883
Other debtors 1,035,036 1,004,052
1,110,831 1,061,935

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts - 94,000
Hire purchase contracts 2,708 11,271
Trade creditors 211,637 3,667
Taxation and social security 37,053 42,939
Other creditors 296,290 294,762
547,688 446,639

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 1,245,500 1,198,500
Hire purchase contracts - 2,708
1,245,500 1,201,208

Heathvine Properties Limited (Registered number: 04286640)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 1,245,500 1,292,500
Other loans - 12,000
Hire purchase contracts 2,708 13,979
1,248,208 1,318,479

Bank loans are secured by legal charges over the Company's properties held in stock and other assets.

Hire purchase contracts are secured against the assets which they relate to.

10. RELATED PARTY DISCLOSURES

At 30 September 2023 £205,000 (2022 - £200,000) was owed to Curport Properties Limited (a Company under the Control of H Curtis). The loan is interest free and repayable on demand.

At 30 September 2023 £962,250 (2022 - £962,250) was owed from LH Hedon Limited (a Company under the Control of H Curtis's daughter). The loan is interest free and repayable on demand.