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REGISTERED NUMBER: 07629445 (England and Wales)















Financial Statements

for the Year Ended 30 April 2023

for

HERON CAPITAL LTD

HERON CAPITAL LTD (REGISTERED NUMBER: 07629445)

Contents of the Financial Statements
for the year ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HERON CAPITAL LTD

Company Information
for the year ended 30 April 2023







Director: Mr M A J Ahearne





Registered office: 3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ





Registered number: 07629445 (England and Wales)





Accountants: Haines Watts North London LLP
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

HERON CAPITAL LTD (REGISTERED NUMBER: 07629445)

Balance Sheet
30 April 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,327 1,850

Current assets
Debtors 5 138,748 110,028
Cash at bank 10,317 46,421
149,065 156,449
Creditors
Amounts falling due within one year 6 119,088 120,296
Net current assets 29,977 36,153
Total assets less current liabilities 31,304 38,003

Creditors
Amounts falling due after more than one year 7 30,367 36,932
Net assets 937 1,071

Capital and reserves
Called up share capital 8 100 100
Retained earnings 837 971
Shareholders' funds 937 1,071

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2024 and were signed by:




Mr M A J Ahearne - Director


HERON CAPITAL LTD (REGISTERED NUMBER: 07629445)

Notes to the Financial Statements
for the year ended 30 April 2023


1. Statutory information

Heron Capital Ltd 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. 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 - 25% on cost
Computer equipment - 25% on cost

HERON CAPITAL LTD (REGISTERED NUMBER: 07629445)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

HERON CAPITAL LTD (REGISTERED NUMBER: 07629445)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 May 2022
and 30 April 2023 4,814 4,896 9,710
Depreciation
At 1 May 2022 4,757 3,103 7,860
Charge for year (156 ) 679 523
At 30 April 2023 4,601 3,782 8,383
Net book value
At 30 April 2023 213 1,114 1,327
At 30 April 2022 57 1,793 1,850

5. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 138,748 110,028

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 7,639 7,639
Trade creditors - 1,028
Taxation and social security 105,941 106,140
Other creditors 5,508 5,489
119,088 120,296

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 30,367 36,932

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,599

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

HERON CAPITAL LTD (REGISTERED NUMBER: 07629445)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£ £
Mr M A J Ahearne
Balance outstanding at start of year 82,379 83,532
Amounts advanced 124,088 165,309
Amounts repaid (102,614 ) (166,462 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 103,853 82,379