Heath Project Management Limited
Registered number: 08767853
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 191 254
Current assets
Debtors 4 7,000 -
Cash at bank and in hand 15,223 10,733
22,223 10,733
Creditors: amounts falling due within one year 5 (24,237) (21,047)
Net current liabilities (2,014) (10,314)
Net liabilities (1,823) (10,060)
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,824) (10,061)
Shareholder's funds (1,823) (10,060)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Imogen Heath
Director
Approved by the board on 30 August 2024
Heath Project Management Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Office equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment
£
Cost
At 1 December 2022 3,380
At 30 November 2023 3,380
Depreciation
At 1 December 2022 3,126
Charge for the year 63
At 30 November 2023 3,189
Net book value
At 30 November 2023 191
At 30 November 2022 254
4 Debtors 2023 2022
£ £
Trade debtors 7,000 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 7,912 10,070
Trade creditors 14,250 650
Corporation tax 1,947 -
Other creditors 128 10,327
24,237 21,047
6 Other information
Heath Project Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 Devonshire Hall
Frampton Park Road
London
E9 6QB
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