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REGISTERED NUMBER: 02535191 (England and Wales)









Financial Statements

for the Year Ended 31 August 2023

for

The Heathgate Group Limited

The Heathgate Group Limited (Registered number: 02535191)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


The Heathgate Group Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Ms V Harris





SECRETARY: R N Harris





REGISTERED OFFICE: Parker Cavendish
28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 02535191 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

The Heathgate Group Limited (Registered number: 02535191)

Statement of Financial Position
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,559 18,208
Investments 5 100 100
13,659 18,308

CURRENT ASSETS
Debtors 6 188,184 237,818
Cash at bank 411,728 559,616
599,912 797,434
CREDITORS
Amounts falling due within one year 7 276,574 462,085
NET CURRENT ASSETS 323,338 335,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,997

353,657


PROVISIONS FOR LIABILITIES 3,390 3,460

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 333,507 350,097
SHAREHOLDERS' FUNDS 333,607 350,197
336,997 353,657

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 April 2024 and were signed by:





Ms V Harris - Director


The Heathgate Group Limited (Registered number: 02535191)

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

1. STATUTORY INFORMATION

The Heathgate Group 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 for the year ended 31 August 2016 are the first financial statements of the company that comply with FRS 102. The date of transition is 1 September 2015. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes to the financial statements.

The transition to FRS 102 (Section 1A) small entities has resulted in a small number of changes in accounting policies to those used previously.

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 each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% Straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

The Heathgate Group Limited (Registered number: 02535191)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 145,578 28,184 173,762
Disposals - (22,818 ) (22,818 )
At 31 August 2023 145,578 5,366 150,944
DEPRECIATION
At 1 September 2022 128,839 26,715 155,554
Charge for year 4,185 464 4,649
Eliminated on disposal - (22,818 ) (22,818 )
At 31 August 2023 133,024 4,361 137,385
NET BOOK VALUE
At 31 August 2023 12,554 1,005 13,559
At 31 August 2022 16,739 1,469 18,208

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 100
NET BOOK VALUE
At 31 August 2023 100
At 31 August 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,958 132,266
Bad debt provision (4,928 ) -
Other debtors 155,188 94,430
Prepayments 12,966 11,122
188,184 237,818

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 48,564 23,749
Tax 16,730 36,155
Social security and other taxes 6,443 8,350
Pension Control Account 522 589
VAT 58,131 84,365
Other creditors 111,786 248,131
Directors' current accounts 2,553 1,105
Accrued expenses 31,845 59,641
276,574 462,085

The Heathgate Group Limited (Registered number: 02535191)

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

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms V Harris.