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REGISTERED NUMBER: 01604821 (England and Wales)









HEATON HOLDINGS LIMITED

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






HEATON HOLDINGS LIMITED (REGISTERED NUMBER: 01604821)






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




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 3

Consolidated Income Statement 7

Consolidated Balance Sheet 8

Company Balance Sheet 9

Notes to the Consolidated Financial Statements 10


HEATON HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







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



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



REGISTERED NUMBER: 01604821 (England and Wales)



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 HOLDINGS LIMITED (REGISTERED NUMBER: 01604821)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2024

The directors present their report with the financial statements of the company and the group for the year ended 30 April 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

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

POLITICAL DONATIONS AND EXPENDITURE
During the year political donations of £nil (2023: £3,000) were made to the Conservative Party.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S J H Waring BSc Hons C Eng FICE - Director


6 November 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HEATON HOLDINGS LIMITED

Opinion
We have audited the financial statements of Heaton Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 April 2024 which comprise the Consolidated Income Statement, Consolidated Balance Sheet, Company Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 April 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HEATON HOLDINGS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HEATON HOLDINGS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

From discussions with the directors, information about Heaton Holdings Limited ('the parent company') and its subsidiaries, Heaton Property Investments Limited and Strand Harbour Securities Limited ('the subsidiaries' and collectively with Heaton Holdings Limited, 'the group'), are documented to assess the activity within the organisations. We discussed management's assessment of risk in respect of irregularities, fraud and going concern. We have audited the financial statements of the parent company and its subsidiaries.

Based on these discussions and our own assessments we determined that the key risk areas in the parent company were existence and valuation of investments and management override. The key risk areas of the subsidiaries have been detailed in their respective audit reports.

We set financial statement materiality level in the parent company based on the level of net assets on the balance sheet at the planning stage. As an investment company, the asset position was used to determine the level of materiality.

We set group materiality level based on the net assets on the balance sheet at the planning stage. As a group of investment companies, the asset position was used to determine the level of materiality, ensuring this was greater than any component materiality level.

Substantive audit tests were designed after assessing and testing systems and controls. The systems and controls which have been designed to act as a preventative measure against fraud and error were operating as documented. Substantive tests were applied to a representative sample of the population to identify errors. The testing did not identify any material misstatements for the parent company nor the group.

Audit substantive tests concluded no material errors over the key risk areas of existence and valuation of investments and management override for the parent company. The results for the key risk areas of the subsidiaries have been detailed in their respective audit reports.

The audit considers the parent company and the group is not exposed to material risk of error as a result of assessing laws and regulations that are appropriate to the group.

The directors have assessed there is no going concern risk to the parent company and the group. The audit undertook a review of the group's financial statements, budgets, management accounts and collected representations from the directors and came to the same conclusion as the directors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HEATON HOLDINGS LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Martin Southern BA(Hons) FCA (Senior Statutory Auditor)
for and on behalf of Morris Crocker Limited
Chartered Accountants
Statutory Auditors
Station House
North Street
Havant
Hampshire
PO9 1QU

14 November 2024

HEATON HOLDINGS LIMITED (REGISTERED NUMBER: 01604821)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   

INCOME 760,367 626,538

Cost of sales 26,301 7,886
GROSS PROFIT 734,066 618,652

Administrative expenses 647,195 705,802
86,871 (87,150 )

Gain/loss on revaluation of assets 37,502 470,192
124,373 383,042

Interest payable and similar expenses 525 -
PROFIT BEFORE TAXATION 123,848 383,042

Tax on profit 35,485 59,364
PROFIT FOR THE FINANCIAL YEAR 88,363 323,678

Profit attributable to:
Owners of the parent 88,363 323,678

HEATON HOLDINGS LIMITED (REGISTERED NUMBER: 01604821)

CONSOLIDATED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 329,737 339,814
Investments 7 1,515,272 1,447,777
Investment property 8 570,007 1,940,000
2,415,016 3,727,591

CURRENT ASSETS
Debtors 9 64,246 28,263
Investments 10 10,820,288 11,439,953
Cash at bank and in hand 3,302,462 1,205,151
14,186,996 12,673,367
CREDITORS
Amounts falling due within one year 11 678,132 253,545
NET CURRENT ASSETS 13,508,864 12,419,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,923,880

16,147,413

PROVISIONS FOR LIABILITIES 12 234,255 406,440
NET ASSETS 15,689,625 15,740,973

CAPITAL AND RESERVES
Called up share capital 13 139,711 139,711
Other reserves 16,891 16,891
Retained earnings 15,533,023 15,584,371
SHAREHOLDERS' FUNDS 15,689,625 15,740,973

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 HOLDINGS LIMITED (REGISTERED NUMBER: 01604821)

COMPANY BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 329,736 339,814
Investments 7 1,571,706 1,504,211
Investment property 8 570,000 600,000
2,471,442 2,444,025

CURRENT ASSETS
Debtors 9 47,944 16,990
Investments 10 10,820,288 11,439,953
Cash at bank and in hand 3,290,343 1,115,888
14,158,575 12,572,831
CREDITORS
Amounts falling due within one year 11 2,085,672 229,174
NET CURRENT ASSETS 12,072,903 12,343,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,544,345

14,787,682

PROVISIONS FOR LIABILITIES 12 234,255 406,440
NET ASSETS 14,310,090 14,381,242

CAPITAL AND RESERVES
Called up share capital 13 139,711 139,711
Other reserves 16,891 16,891
Retained earnings 14,153,488 14,224,640
SHAREHOLDERS' FUNDS 14,310,090 14,381,242

Company's profit for the financial year 68,559 1,316,540

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 HOLDINGS LIMITED (REGISTERED NUMBER: 01604821)

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

1. STATUTORY INFORMATION

Heaton Holdings 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 General 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.

Basis of consolidation
The group accounts consolidate the accounts of Heaton Holdings Limited and all its subsidiary companies.

Income
Income is represented by the amounts derived from the group's various investments and its management charges receivable for the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - straight line over 50 years
Improvements to property - 20% on cost
Plant and machinery - 20% on cost

Tangible fixed assets are initially measured at cost.

A review for impairment of fixed assets is carried out if events or changes in circumstances indicate that the carrying amount of the fixed asset many not be recoverable.

Included within freehold property is the cost of acquisition of land. This has not been depreciated in the accounts.

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


HEATON HOLDINGS LIMITED (REGISTERED NUMBER: 01604821)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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 shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investment property
These represent properties held by the group for their investment potential. They are included in the balance sheet at market value as determined by the directors. No depreciation is provided in respect of investment properties, and movements in the fair value of investment properties are recognised in the profit and loss account.

Current asset investments
Listed current asset investments are marked to market value at the balance sheet date and the difference between cost and market value is taken to the profit and loss account.

Unlisted investments
Unlisted investments are measured initially at cost. At the end of each reporting period, the unlisted investments are assessed to determine if there is objective evidence of impairment. If so, an impairment loss is recognised in the profit or loss immediately.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 503,498 414,475
Social security costs 63,660 59,967
Other pension costs 3,294 3,282
570,452 477,724

The average number of employees during the year was as follows:
2024 2023

Management, clerical and administrative 9 10

HEATON HOLDINGS LIMITED (REGISTERED NUMBER: 01604821)

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

4. PROFIT OF PARENT COMPANY

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


5. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 139,711 558,844

6. TANGIBLE FIXED ASSETS

Group
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 May 2023 611,530 11,555 128,704 751,789
Additions - - 2,364 2,364
Disposals - - (3,557 ) (3,557 )
At 30 April 2024 611,530 11,555 127,511 750,596
DEPRECIATION
At 1 May 2023 277,175 11,555 123,245 411,975
Charge for year 10,000 - 2,441 12,441
Eliminated on disposal - - (3,557 ) (3,557 )
At 30 April 2024 287,175 11,555 122,129 420,859
NET BOOK VALUE
At 30 April 2024 324,355 - 5,382 329,737
At 30 April 2023 334,355 - 5,459 339,814

Included in cost of land and buildings is freehold land of £75,000 (2023 - £75,000) which is not depreciated.

HEATON HOLDINGS LIMITED (REGISTERED NUMBER: 01604821)

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

6. TANGIBLE FIXED ASSETS - continued

Company
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 May 2023 611,530 11,555 111,414 734,499
Additions - - 2,364 2,364
Disposals - - (3,557 ) (3,557 )
At 30 April 2024 611,530 11,555 110,221 733,306
DEPRECIATION
At 1 May 2023 277,175 11,555 105,955 394,685
Charge for year 10,000 - 2,442 12,442
Eliminated on disposal - - (3,557 ) (3,557 )
At 30 April 2024 287,175 11,555 104,840 403,570
NET BOOK VALUE
At 30 April 2024 324,355 - 5,381 329,736
At 30 April 2023 334,355 - 5,459 339,814

Included in cost of land and buildings is freehold land of £ 75,000 (2023 - £ 75,000 ) which is not depreciated.

7. FIXED ASSET INVESTMENTS

Group
Other
investments
£   
COST OR VALUATION
At 1 May 2023 1,447,777
Revaluations 67,495
At 30 April 2024 1,515,272
NET BOOK VALUE
At 30 April 2024 1,515,272
At 30 April 2023 1,447,777

Cost or valuation at 30 April 2024 is represented by:

Other
investments
£   
Valuation in 2024 67,495
Cost 1,447,777
1,515,272

HEATON HOLDINGS LIMITED (REGISTERED NUMBER: 01604821)

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

7. FIXED ASSET INVESTMENTS - continued

Company
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 56,434 1,447,777 1,504,211
Revaluations - 67,495 67,495
At 30 April 2024 56,434 1,515,272 1,571,706
NET BOOK VALUE
At 30 April 2024 56,434 1,515,272 1,571,706
At 30 April 2023 56,434 1,447,777 1,504,211

Cost or valuation at 30 April 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2024 - 67,495 67,495
Cost 56,434 1,447,777 1,504,211
56,434 1,515,272 1,571,706

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Heaton Property Investments Limited
Registered office: Heaton House, Cams Estate, Fareham, Hampshire, PO16 8AA
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00

Strand Harbour Securities Limited
Registered office: Heaton House, Cams Estate, Fareham, Hampshire, PO16 8AA
Nature of business: Land and property development
%
Class of shares: holding
Ordinary 100.00


HEATON HOLDINGS LIMITED (REGISTERED NUMBER: 01604821)

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

8. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 May 2023 1,940,000
Disposals (1,340,000 )
Revaluations (29,993 )
At 30 April 2024 570,007
NET BOOK VALUE
At 30 April 2024 570,007
At 30 April 2023 1,940,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 (70,377 )
Cost 640,384
570,007

The investment properties were valued by independent valuers, who hold relevant and recognised MRICS professional qualifications, and have recent experience in the location and class of the investment property valued, at the financial year end. The valuation was based on the market value of investment properties at 30 April 2024.

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

Company
Total
£   
FAIR VALUE
At 1 May 2023 600,000
Revaluations (30,000 )
At 30 April 2024 570,000
NET BOOK VALUE
At 30 April 2024 570,000
At 30 April 2023 600,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 (70,384 )
Cost 640,384
570,000

HEATON HOLDINGS LIMITED (REGISTERED NUMBER: 01604821)

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

8. INVESTMENT PROPERTY - continued

Company

The investment properties were valued by independent valuers, who hold relevant and recognised MRICS professional qualifications, and have recent experience in the location and class of the investment property valued, at the financial year end. The valuation was based on the market value of investment properties at 30 April 2024.

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Other debtors 32,157 1,256 23,520 600
Prepayments and accrued income 32,089 27,007 24,424 16,390
64,246 28,263 47,944 16,990

10. CURRENT ASSET INVESTMENTS

Group Company
Listed investments Total Total
£ £

Valuation as at 1 May 2023 11,439,953 11,439,953

Additions 6,706,854 6,706,854
Disposals (7,525,465 ) (7,525,465 )
Gain on disposal 114,719 114,719
Marked to market value 84,227 84,227

Valuation as at 30 April 2024 10,820,288 10,820,288

The fair value of current asset investments is determined by quoted market prices in active markets.

Changes in fair value attributable to credit risk of the underlying instrument cannot be measured reliably, and therefore has not been disclosed separately.

The main risk arising from the company's listed investments is market risk. This risk is managed by a diversified portfolio and active fund management by professional third parties.

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Corporation tax 201,081 - 201,081 -
Social security and other taxes 377,127 47,405 377,127 47,405
Other creditors 13,320 92,965 1,572 4,642
Amounts owed to subsidiary
undertakings - - 1,467,343 128,512
Accrued expenses 86,604 113,175 38,549 48,615
678,132 253,545 2,085,672 229,174

HEATON HOLDINGS LIMITED (REGISTERED NUMBER: 01604821)

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

12. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred tax 234,255 406,440 234,255 406,440

Group
Deferred
tax
£   
Balance at 1 May 2023 406,440
Accelerated capital allowances 351
Fair valuation (203,432 )
Losses carried forward 30,896
Balance at 30 April 2024 234,255

Company
Deferred
tax
£   
Balance at 1 May 2023 406,440
Accelerated capital allowances 351
Fair valuation (203,432 )
Losses carried forward 30,896
Balance at 30 April 2024 234,255

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
139,711 Ordinary £1 139,711 139,711

14. CONTROLLING PARTY

The group is controlled by and is a wholly owned subsidiary of Heaton Consolidated Property Holdings Limited, a company registered in England and Wales. Accounts for that company are available from Suite 3, Faretec, Carnac Court, Cams Estate, Fareham, England, PO16 8UY.

15. NON-ADJUSTING EVENTS AFTER THE REPORTING PERIOD

In July 2024 Ocean Harvest Technology Group PLC, a company in which Heaton Holdings Limited holds investments, issued a profit warning, which caused a decrease in the share price. This is estimated to have caused a decline of £1.2 million in the market value of investments held at the year end.