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REGISTERED NUMBER: 06506855 (England and Wales)















HERITAGE GRANGE DEVELOPMENTS (MP) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






HERITAGE GRANGE DEVELOPMENTS (MP) LTD (REGISTERED NUMBER: 06506855)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


HERITAGE GRANGE DEVELOPMENTS (MP) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R Crawford





SECRETARY: R Crawford





REGISTERED OFFICE: Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF





REGISTERED NUMBER: 06506855 (England and Wales)





ACCOUNTANTS: William Hinton Limited
Chartered Accountants
Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF

HERITAGE GRANGE DEVELOPMENTS (MP) LTD (REGISTERED NUMBER: 06506855)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,527 10,036
Investment property 5 1,845,000 1,845,000
1,852,527 1,855,036

CURRENT ASSETS
Debtors 6 2,000 2,000
Cash at bank 14,634 45,252
16,634 47,252
CREDITORS
Amounts falling due within one year 7 793,219 821,255
NET CURRENT LIABILITIES (776,585 ) (774,003 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,075,942

1,081,033

PROVISIONS FOR LIABILITIES 153,594 153,594
NET ASSETS 922,348 927,439

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 790,259 790,259
Retained earnings 131,989 137,080
SHAREHOLDERS' FUNDS 922,348 927,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

HERITAGE GRANGE DEVELOPMENTS (MP) LTD (REGISTERED NUMBER: 06506855)

BALANCE SHEET - continued
31 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 23 September 2024 and were signed by:





R Crawford - Director


HERITAGE GRANGE DEVELOPMENTS (MP) LTD (REGISTERED NUMBER: 06506855)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Heritage Grange Developments (MP) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

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

HERITAGE GRANGE DEVELOPMENTS (MP) LTD (REGISTERED NUMBER: 06506855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 55,585
DEPRECIATION
At 1 January 2023 45,549
Charge for year 2,509
At 31 December 2023 48,058
NET BOOK VALUE
At 31 December 2023 7,527
At 31 December 2022 10,036

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,845,000
NET BOOK VALUE
At 31 December 2023 1,845,000
At 31 December 2022 1,845,000

In accordance with FRS 102 Investment Property has been revalued to fair value based upon the latest market valuation. The fair value revaluation has been taken to the profit and loss account.

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2011 410,000
Valuation in 2012 688,000
Valuation in 2013 52,933
Valuation in 2016 63,646
Valuation in 2017 136,230
Valuation in 2018 29,191
Valuation in 2020 35,000
Valuation in 2021 425,000
Valuation in 2022 5,000
1,845,000

HERITAGE GRANGE DEVELOPMENTS (MP) LTD (REGISTERED NUMBER: 06506855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 901,147 901,147

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,000 2,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to participating interests 784,731 807,252
Taxation and social security - 9,640
Other creditors 8,488 4,363
793,219 821,255

8. ULTIMATE CONTROLLING PARTY

The controlling party is Central Management Catalogue Agency(UK) Limited.