IRIS Accounts Production v24.3.0.553 02139997 Board of Directors 1.5.23 30.4.24 30.4.24 14.11.2024 0 0 false true false false true false Auditors Opinion Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021399972023-04-30021399972024-04-30021399972023-05-012024-04-30021399972022-04-30021399972022-05-012023-04-30021399972023-04-3002139997ns14:PoundSterling2023-05-012024-04-3002139997ns10:Director12023-05-012024-04-3002139997ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3002139997ns10:SmallEntities2023-05-012024-04-3002139997ns10:Audited2023-05-012024-04-3002139997ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3002139997ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3002139997ns10:FullAccounts2023-05-012024-04-3002139997ns10:OrdinaryShareClass12023-05-012024-04-3002139997ns10:Director22023-05-012024-04-3002139997ns10:Director32023-05-012024-04-3002139997ns10:Director42023-05-012024-04-3002139997ns10:Director52023-05-012024-04-3002139997ns10:RegisteredOffice2023-05-012024-04-3002139997ns5:CurrentFinancialInstruments2024-04-3002139997ns5:CurrentFinancialInstruments2023-04-3002139997ns5:ShareCapital2024-04-3002139997ns5:ShareCapital2023-04-3002139997ns5:RetainedEarningsAccumulatedLosses2024-04-3002139997ns5:RetainedEarningsAccumulatedLosses2023-04-3002139997ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3002139997ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3002139997ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 02139997









HEATON PROPERTY INVESTMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






HEATON PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 02139997)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HEATON PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S J H Waring BSc Hons C Eng FICE
D G Hosier FCCA
Mrs Z M Mongey BA Hons
D J Waring BA Hons
Mrs A C H Waring



REGISTERED OFFICE: Suite 3,
Faretec
Carnac Court, Cams Estate,
Fareham
Hampshire
PO16 8UY



REGISTERED NUMBER: 02139997



AUDITORS: Morris Crocker Limited
Chartered Accountants
Statutory Auditors
Station House
North Street
Havant
Hampshire
PO9 1QU



BANKERS: Lloyds Bank PLC
SME Client Services
2 Bankhead Crossway North
Edinburgh
EH11 4DT



SOLICITORS: Blake Morgan LLP
New Kings Court
Tollgate
Chandler's Ford
Eastleigh
Hampshire
SO53 3LG

HEATON PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 02139997)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2 1,340,000

CURRENT ASSETS
Debtors 5 1,373,307 56,569
Cash at bank 6,415 84,773
1,379,722 141,342
CREDITORS
Amounts falling due within one year 6 10,164 118,671
NET CURRENT ASSETS 1,369,558 22,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,369,560

1,362,671

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,369,460 1,362,571
SHAREHOLDERS' FUNDS 1,369,560 1,362,671

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 Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





D G Hosier FCCA - Director


HEATON PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 02139997)

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

1. STATUTORY INFORMATION

Heaton Property Investments 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Property income
Property income represents rent and management charges receivable for the year, excluding value added tax.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

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.


HEATON PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 02139997)

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

2. ACCOUNTING POLICIES - continued
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 (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 1,340,000
Disposals (1,340,000 )
Revaluations 2
At 30 April 2024 2
NET BOOK VALUE
At 30 April 2024 2
At 30 April 2023 1,340,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 2

The freehold lands were valued by directors of the company at the financial year end. The valuation was based on the market value of the freehold lands at 30 April 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,373,250 45,953
Other debtors 57 -
Prepayments and accrued income - 10,616
1,373,307 56,569

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 3,996 86,123
Accruals and deferred income 6,168 32,548
10,164 118,671

HEATON PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 02139997)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Southern BA(Hons) FCA (Senior Statutory Auditor)
for and on behalf of Morris Crocker Limited

9. CONTINGENT LIABILITIES

The company is part of a group VAT scheme and is therefore jointly and severally liable for any liabilities. At 30 April 2024, the group liability was £304,040 (2023: £9,966).

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Heaton Holdings Limited. The ultimate controlling and holding company is Heaton Consolidated Property Holdings Limited. All companies are registered in England and Wales.

11. CONSOLIDATED ACCOUNTS

Consolidated accounts for Heaton Holdings Limited and accounts for Heaton Consolidated Property Holdings Limited are available from Suite 3, Faretec, Carnac Court, Cams Estate, Fareham, England, PO16 8UY.