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REGISTERED NUMBER: 09901359 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 December 2023

for

Heriot Property Investments Limited

Heriot Property Investments Limited (Registered number: 09901359)






Contents of the Financial Statements
for the Year Ended 30 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

Heriot Property Investments Limited (Registered number: 09901359)

Balance Sheet
30 December 2023

30.12.23 30.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 743,360 875,000

CURRENT ASSETS
Debtors 5 2,210,147 2,376,754
Cash at bank 36,562 479,574
2,246,709 2,856,328
CREDITORS
Amounts falling due within one year 6 6,327 6,314
NET CURRENT ASSETS 2,240,382 2,850,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,983,742

3,725,014

CREDITORS
Amounts falling due after more than one
year

7

(2,743,113

)

(3,455,483

)

PROVISIONS FOR LIABILITIES (59,192 ) (51,401 )
NET ASSETS 181,437 218,130

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 177,576 193,359
Retained earnings 3,761 24,671
181,437 218,130

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

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

Heriot Property Investments Limited (Registered number: 09901359)

Balance Sheet - continued
30 December 2023


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 Income Statement has not been delivered.

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





B R Marshall - Director


Heriot Property Investments Limited (Registered number: 09901359)

Notes to the Financial Statements
for the Year Ended 30 December 2023

1. STATUTORY INFORMATION

Heriot Property Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09901359

Registered office: 10a North Lane
Headingley
Leeds
LS6 3HE

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 as modified by the revaluation of certain assets.

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 Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Heriot Property Investments Limited (Registered number: 09901359)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 December 2022 875,000
Disposals (225,000 )
Revaluations 93,360
At 30 December 2023 743,360
NET BOOK VALUE
At 30 December 2023 743,360
At 30 December 2022 875,000

Fair value at 30 December 2023 is represented by:
£   
Valuation in 2022 143,408
Valuation in 2023 93,360
Cost 506,592
743,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Other debtors 2,210,147 2,376,754

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Other creditors 6,327 6,314

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.12.23 30.12.22
£    £   
Bank loans 1,432,100 1,592,100
Other creditors 1,311,013 1,863,383
2,743,113 3,455,483

8. SECURED DEBTS

The following secured debts are included within creditors:

30.12.23 30.12.22
£    £   
Bank loans 1,432,100 1,592,100

As at the financial reporting date, the company's bankers have secured their debt with first legal charges, fixed and floating charges over the investment properties held by the company.

Heriot Property Investments Limited (Registered number: 09901359)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

9. RESERVES
Fair
value
reserve
£   
At 31 December 2022 193,359
Movement between reserves (15,783 )

At 30 December 2023 177,576

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Heriot Property Investments Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Heriot Property Investments Limited for the year ended 30 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Heriot Property Investments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Heriot Property Investments Limited and state those matters that we have agreed to state to the director of Heriot Property Investments Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Heriot Property Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Heriot Property Investments Limited. You consider that Heriot Property Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Heriot Property Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Frank W Dobby & Co Limited
Chartered Certified Accountants
55 Fountain Street
Morley
Leeds
West Yorkshire
LS27 0AA


17 September 2024