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REGISTERED NUMBER: 00442785 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

HEAVEY PROPERTIES LIMITED

HEAVEY PROPERTIES LIMITED (REGISTERED NUMBER: 00442785)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEAVEY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr T.G. Heavey



SECRETARY: Mrs D A Heavey



REGISTERED OFFICE: Yarnbury
Tabley Road
Knutsford
Cheshire
WA16 0NG



REGISTERED NUMBER: 00442785 (England and Wales)



ACCOUNTANT: Andrew W Berens FCA.
Chartered Accountant
48 Ringley Drive
Whitefield
Manchester
M45 7LR



BANKERS: Santander UK Plc
Business Banking
301 St Vincent Street
Glasgow
G2 5NT

HEAVEY PROPERTIES LIMITED (REGISTERED NUMBER: 00442785)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 78,223
Investments 5 371 169,146
371 247,369

CURRENT ASSETS
Debtors 6 - 5,250
Cash at bank 647,116 27,400
647,116 32,650
CREDITORS
Amounts falling due within one year 7 (100,277 ) (14,436 )
NET CURRENT ASSETS 546,839 18,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

547,210

265,583

CAPITAL AND RESERVES
Called up share capital 6,320 6,320
Revaluation reserve 8 - 154,946
Retained earnings 540,890 104,317
SHAREHOLDERS' FUNDS 547,210 265,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

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

HEAVEY PROPERTIES LIMITED (REGISTERED NUMBER: 00442785)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2024 and were signed by:





Mr T.G. Heavey - Director


HEAVEY PROPERTIES LIMITED (REGISTERED NUMBER: 00442785)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Heavey Properties Limited 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.

Tangible fixed assets and depreciation
The company's policy is to carry all assets at historical cost, except for certain buildings which have been included in the balance sheet at a valuation existing on 30 September 2002 when the company implemented FRS 15 for the first time.

Depreciation is calculated to write off the cost less residual value of assets over their useful lives as follows:

Freehold property - 2% straight line
Land - not depreciated

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 2 (2023 - 2 ) .

HEAVEY PROPERTIES LIMITED (REGISTERED NUMBER: 00442785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 182,491 384 182,875
Disposals (182,491 ) (384 ) (182,875 )
At 30 September 2024 - - -
DEPRECIATION
At 1 October 2023 104,268 384 104,652
Eliminated on disposal (104,268 ) (384 ) (104,652 )
At 30 September 2024 - - -
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 78,223 - 78,223

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST
At 1 October 2023 169,146
Additions 29,098
Disposals (197,873 )
At 30 September 2024 371
NET BOOK VALUE
At 30 September 2024 371
At 30 September 2023 169,146

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 5,250

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 95,049 6,545
Other creditors 80 80
Barclaycard 962 501
Directors' current accounts 3,536 -
Directors' loan accounts - 6,658
Accrued expenses 650 652
100,277 14,436

HEAVEY PROPERTIES LIMITED (REGISTERED NUMBER: 00442785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. RESERVES
Revaluation
reserve
£   
At 1 October 2023 154,946
No description (154,946 )

At 30 September 2024 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The amount owed to the director of the company at 30 September 2024 was £3,536 (2023 - £6,658) This amount is interest free and repayable upon demand.