IRIS Accounts Production v24.2.0.383 11221815 director 1.3.23 29.2.24 29.2.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112218152023-02-28112218152024-02-29112218152023-03-012024-02-29112218152022-02-28112218152022-03-012023-02-28112218152023-02-2811221815ns15:EnglandWales2023-03-012024-02-2911221815ns14:PoundSterling2023-03-012024-02-2911221815ns10:Director12023-03-012024-02-2911221815ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2911221815ns10:SmallEntities2023-03-012024-02-2911221815ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2911221815ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2911221815ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2911221815ns10:FullAccounts2023-03-012024-02-2911221815ns10:RegisteredOffice2023-03-012024-02-2911221815ns5:CurrentFinancialInstruments2024-02-2911221815ns5:CurrentFinancialInstruments2023-02-2811221815ns5:ShareCapital2024-02-2911221815ns5:ShareCapital2023-02-2811221815ns5:SharePremium2024-02-2911221815ns5:SharePremium2023-02-2811221815ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2911221815ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 11221815 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

M.L. & S. HEUCK LTD.

M.L. & S. HEUCK LTD. (REGISTERED NUMBER: 11221815)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M.L. & S. HEUCK LTD.

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: M L Heuck





REGISTERED OFFICE: Bridgefield Leas Lane
Seaton
Hull
HU11 5RE





REGISTERED NUMBER: 11221815 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

M.L. & S. HEUCK LTD. (REGISTERED NUMBER: 11221815)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 17,660,000 18,171,533

CURRENT ASSETS
Debtors 5 19,320 3,449
Cash at bank 1,701,652 2,506,581
1,720,972 2,510,030
CREDITORS
Amounts falling due within one year 6 2,571,934 2,273,046
NET CURRENT (LIABILITIES)/ASSETS (850,962 ) 236,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,809,038

18,408,517

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 16,149,998 16,149,998
Retained earnings 658,940 2,258,419
SHAREHOLDERS' FUNDS 16,809,038 18,408,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

M.L. & S. HEUCK LTD. (REGISTERED NUMBER: 11221815)

BALANCE SHEET - continued
29 February 2024


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 3 September 2024 and were signed by:





M L Heuck - Director


M.L. & S. HEUCK LTD. (REGISTERED NUMBER: 11221815)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

M.L. & S. Heuck 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.

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 as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company including the impact of Covid-19, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

M.L. & S. HEUCK LTD. (REGISTERED NUMBER: 11221815)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 18,171,533
Additions 1,875,596
Revaluations (2,387,129 )
At 29 February 2024 17,660,000
NET BOOK VALUE
At 29 February 2024 17,660,000
At 28 February 2023 18,171,533

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 17,660,000

The investment properties were valued on an open market basis on 23 March 2024 by Scotts Property LLP .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,575 3,449
Other debtors 15,745 -
19,320 3,449

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - (3,397 )
Taxation and social security 310,667 317,798
Other creditors 2,261,267 1,958,645
2,571,934 2,273,046