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Company Registration No. 00847217 (England and Wales)
Heaton Property Holdings Limited Unaudited accounts for the year ended 30 November 2023
Heaton Property Holdings Limited Unaudited accounts Contents
Page
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Heaton Property Holdings Limited Company Information for the year ended 30 November 2023
Director
L Heaton
Company Number
00847217 (England and Wales)
Registered Office
53 Harrogate Road Leeds LS7 3PD
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Heaton Property Holdings Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
577 
721 
Investment property
614,500 
594,500 
615,077 
595,221 
Current assets
Debtors
27,059 
33,646 
Cash at bank and in hand
433,523 
447,410 
460,582 
481,056 
Creditors: amounts falling due within one year
(11,686)
(10,008)
Net current assets
448,896 
471,048 
Total assets less current liabilities
1,063,973 
1,066,269 
Provisions for liabilities
Deferred tax
(13,889)
(13,197)
Net assets
1,050,084 
1,053,072 
Capital and reserves
Called up share capital
20,352 
20,352 
Share premium
20,252 
20,252 
Profit and loss account
1,009,480 
1,012,468 
Shareholders' funds
1,050,084 
1,053,072 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 August 2024 and were signed on its behalf by
L Heaton Director Company Registration No. 00847217
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Heaton Property Holdings Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Heaton Property Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 00847217. The registered office is 53 Harrogate Road, Leeds, LS7 3PD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rental income received from investment properties is recognised in the period to which the rent relates.
Presentation currency
The accounts are presented in £ sterling.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
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Heaton Property Holdings Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2022
72,980 
At 30 November 2023
72,980 
Depreciation
At 1 December 2022
72,259 
Charge for the year
144 
At 30 November 2023
72,403 
Net book value
At 30 November 2023
577 
At 30 November 2022
721 
5
Investment property
2023 
£ 
Fair value at 1 December 2022
594,500 
Additions
20,000 
At 30 November 2023
614,500 
The fair value of the investment properties brought forward is based on a valuation carried out in June 2016 by Sanderson Weatherall, an independent firm of Chartered Surveyors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The director considers this valuation continues to be the market value.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,673 
Accrued income and prepayments
216 
596 
Other debtors
26,843 
30,377 
27,059 
33,646 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,563 
4,427 
Trade creditors
2,936 
587 
Taxes and social security
3,808 
4,069 
Accruals
1,002 
925 
Deferred income
1,377 
- 
11,686 
10,008 
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Heaton Property Holdings Limited Notes to the Accounts for the year ended 30 November 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
L Heaton
13,441 
(6,077)
(4,454)
11,818 
13,441 
(6,077)
(4,454)
11,818 
9
Transactions with related parties
The ultimate controlling party is L Heaton.
10
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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