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REGISTERED NUMBER: SC546060 (Scotland)











Financial Statements for the Year Ended 30th September 2023

for

Heathhall Holdings Limited

Heathhall Holdings Limited (Registered number: SC546060)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Heathhall Holdings Limited

Company Information
for the Year Ended 30th September 2023







DIRECTORS: S S Hodgson
Mrs M Hodgson
W A Hodgson



SECRETARY: Farries, Kirk & McVean



REGISTERED OFFICE: Farries, Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DG1 3SJ



REGISTERED NUMBER: SC546060 (Scotland)



AUDITORS: Farries, Kirk and McVean
Chartered Accountants
Statutory Auditors
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ



BANKERS: HSBC UK Bank plc
76 Hanover Street
Edinburgh
EH2 1EL

Heathhall Holdings Limited (Registered number: SC546060)

Balance Sheet
30th September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 1,686,028 1,686,028

CURRENT ASSETS
Debtors 5 - 149,131
Cash at bank - 291
- 149,422
CREDITORS
Amounts falling due within one year 6 (923,645 ) (846,676 )
NET CURRENT LIABILITIES (923,645 ) (697,254 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

762,383

988,774

CREDITORS
Amounts falling due after more than one year 7 (1,083,131 ) (1,227,549 )
NET LIABILITIES (320,748 ) (238,775 )

CAPITAL AND RESERVES
Called up share capital 1 2,254
Retained earnings (320,749 ) (241,029 )
(320,748 ) (238,775 )

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 5th March 2024 and were signed on its behalf by:





S S Hodgson - Director


Heathhall Holdings Limited (Registered number: SC546060)

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

1. STATUTORY INFORMATION

Heathhall Holdings Limited is a private company, limited by shares , registered in Scotland. 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. 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.

The company has the continued support of its subsidiary, Heathhall Business Centre Limited and the director Simon Hodgson. Based on this, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and therefore, continue to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Heathhall Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiaries are measured at cost less accumulated impairment.

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.

Heathhall Holdings Limited (Registered number: SC546060)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st October 2022
and 30th September 2023 1,686,028
NET BOOK VALUE
At 30th September 2023 1,686,028
At 30th September 2022 1,686,028

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Heathhall Business Centre Limited
Registered office: 5 Atholl Crescent, Edinburgh, EH3 8EJ
Nature of business: Provides storage solutions.
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 6,575,654 3,285,446
Profit for the year 376,470 362,772

Heathhall Holdings Limited (Registered number: SC546060)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 149,131

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 152,264 144,417
Amounts owed to group undertakings 66,869 -
Other creditors 704,512 702,259
923,645 846,676

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 1,083,131 1,227,549

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 505,461 649,878

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,227,548 1,371,966

The bank loan is secured by a fixed and floating charge over the present and future assets of Heathhall Business Centre Limited, a wholly owned subsidiary.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Craig Paterson, BCom CA (Senior Statutory Auditor)
for and on behalf of Farries, Kirk and McVean

10. RELATED PARTY DISCLOSURES

At 30th September 2023, the company operated a director's loan with Mr S S Hodgson. This sum is repayable on demand and no interest is charged on the sum advanced. The amount due to Mr S S Hodgson at 30th September 2023 - £702,259 (2022 - £702,259).

The company also operates an inter company account with its subsidiary. At 30th September 2023, the company owed Heathhall Business Centre Limited the sum of £66,869 (2022 - £149,131 due by the subsidiary company).

11. ULTIMATE CONTROLLING PARTY

The controlling party is S S Hodgson.