Registered number
07940994
HEATHRAVEN PROPERTIES LTD
Filleted Accounts
29 February 2024
HEATHRAVEN PROPERTIES LTD
Registered number: 07940994
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 211,415 211,694
Current assets
Cash at bank and in hand 24,498 21,143
Creditors: amounts falling due within one year 4 (3,267) (5,597)
Net current assets 21,231 15,546
Total assets less current liabilities 232,646 227,240
Creditors: amounts falling due after more than one year 5 (184,654) (187,274)
Net assets 47,992 39,966
Capital and reserves
Called up share capital 100 100
Profit and loss account 47,892 39,866
Shareholders' funds 47,992 39,966
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
PETER W STRAUSS
Director
Approved by the board on 20 August 2024
HEATHRAVEN PROPERTIES LTD
Notes to the Accounts
for the year ended 29 February 2024
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 (as applied to small entities by section 1A of the standard).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery at 20% of the written down value.
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 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2023 210,300 922 4,850 216,072
At 29 February 2024 210,300 922 4,850 216,072
Depreciation
At 1 March 2023 - 544 3,834 4,378
Charge for the year - 76 203 279
At 29 February 2024 - 620 4,037 4,657
Net book value
At 29 February 2024 210,300 302 813 211,415
At 28 February 2023 210,300 378 1,016 211,694
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,487 4,834
Other creditors 780 763
3,267 5,597
5 Creditors: amounts falling due after one year 2024 2023
£ £
Loan from the Director 184,654 187,274
6 Other information
HEATHRAVEN PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Paddock House
Chapel Lane
Stoke, Andover
Hampshire
SP11 0NF
HEATHRAVEN PROPERTIES LTD 07940994 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts April 2024 PETER W STRAUSS No description of principal activity 07940994 2022-03-01 2023-02-28 07940994 core:WithinOneYear 2023-02-28 07940994 core:AfterOneYear 2023-02-28 07940994 core:ShareCapital 2023-02-28 07940994 core:RetainedEarningsAccumulatedLosses 2023-02-28 07940994 2023-03-01 2024-02-29 07940994 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07940994 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 07940994 bus:Director40 2023-03-01 2024-02-29 07940994 1 2023-03-01 2024-02-29 07940994 2 2023-03-01 2024-02-29 07940994 core:LandBuildings 2023-03-01 2024-02-29 07940994 core:PlantMachinery 2023-03-01 2024-02-29 07940994 core:Vehicles 2023-03-01 2024-02-29 07940994 countries:England 2023-03-01 2024-02-29 07940994 bus:FRS102 2023-03-01 2024-02-29 07940994 bus:FilletedAccounts 2023-03-01 2024-02-29 07940994 2024-02-29 07940994 core:WithinOneYear 2024-02-29 07940994 core:AfterOneYear 2024-02-29 07940994 core:ShareCapital 2024-02-29 07940994 core:RetainedEarningsAccumulatedLosses 2024-02-29 07940994 core:LandBuildings 2024-02-29 07940994 core:PlantMachinery 2024-02-29 07940994 core:Vehicles 2024-02-29 07940994 2023-02-28 07940994 core:LandBuildings 2023-02-28 07940994 core:PlantMachinery 2023-02-28 07940994 core:Vehicles 2023-02-28 iso4217:GBP xbrli:pure