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REGISTERED NUMBER: 01208245 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Heathland Products Limited

Heathland Products Limited (Registered number: 01208245)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Heathland Products Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs P J A Deans





REGISTERED OFFICE: Baker's Lodge
3 High Street
Stock
Nr. Ingatestone
Essex
CM4 9BD





REGISTERED NUMBER: 01208245 (England and Wales)

Heathland Products Limited (Registered number: 01208245)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 16,915 22,553
Investments 6 51 51
Investment property 7 1,922,263 1,922,263
1,939,229 1,944,867

CURRENT ASSETS
Debtors 8 86,599 91,627
Investments 9 113,230 110,985
Cash at bank 949,200 317,519
1,149,029 520,131
CREDITORS
Amounts falling due within one year 10 42,413 44,235
NET CURRENT ASSETS 1,106,616 475,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,045,845

2,420,763

PROVISIONS FOR LIABILITIES 12,124 17,151
NET ASSETS 3,033,721 2,403,612

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7,151 7,161
Fair value reserve 93,987 93,987
Retained earnings 2,932,483 2,302,364
SHAREHOLDERS' FUNDS 3,033,721 2,403,612

Heathland Products Limited (Registered number: 01208245)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 6 November 2024 and were signed by:





Mrs P J A Deans - Director


Heathland Products Limited (Registered number: 01208245)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Heathland Products 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Heathland Products Limited (Registered number: 01208245)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Investments are recognised initially at cost, and revalued each year to market value, with any surplus or deficit arising from changes recognised in the profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Heathland Products Limited (Registered number: 01208245)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 29,995 317 30,312
DEPRECIATION
At 1 April 2023 7,499 260 7,759
Charge for year 5,624 14 5,638
At 31 March 2024 13,123 274 13,397
NET BOOK VALUE
At 31 March 2024 16,872 43 16,915
At 31 March 2023 22,496 57 22,553

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 51
NET BOOK VALUE
At 31 March 2024 51
At 31 March 2023 51

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,922,263
NET BOOK VALUE
At 31 March 2024 1,922,263
At 31 March 2023 1,922,263

Heathland Products Limited (Registered number: 01208245)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2010 (13,873 )
Valuation in 2011 (24,680 )
Valuation in 2015 111,034
Valuation in 2020 5,000
Cost 1,844,782
1,922,263

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,844,782 1,806,229

Investment properties were valued on an open market basis on 22 November 2024 by Jones Norris Adams .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 49,400 58,150
Amounts owed by group undertakings - 5,364
Other debtors 37,199 28,113
86,599 91,627

Included within other debtors disclosed above is a balance of £3,843 (2023 - £3,114) in relation to prepaid expenses, a balance of £8,357 (2023 - £nil) in relation VAT receivable and a balance of £24,999 (2023 - £24,999) in relation to other loans.

9. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 113,230 110,985

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,718 -
Taxation and social security 1,079 3,306
Other creditors 39,616 40,929
42,413 44,235

Included within other creditors disclosed above is a balance of £3,891 (2023 - £3,726) in relation to accrued expenses, a balance of £14,045 (2023 - £14,045) in relation to deferred income, a balance of £1,680 (2023 - £3,158) in relation to directors loan accounts and a balance of £20,000 (2023 - £20,000) in relation to deposits held.

Heathland Products Limited (Registered number: 01208245)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


11. LEASING AGREEMENTS
Lessor

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

2024 2023
£ £
Within one year 116,500 116,500