HEGARTY HOMES LTD

Company Registration Number:
SC693540 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

HEGARTY HOMES LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

HEGARTY HOMES LTD

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

Property Investment Company



Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

C Hegarty


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 January 2025

And signed on behalf of the board by:
Name: C Hegarty
Status: Director

HEGARTY HOMES LTD

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Investments: 3 176,800
Total fixed assets: 176,800
Current assets
Cash at bank and in hand: 806 1
Total current assets: 806 1
Creditors: amounts falling due within one year: 4 ( 85,218 )
Net current assets (liabilities): (84,412) 1
Total assets less current liabilities: 92,388 1
Creditors: amounts falling due after more than one year: 5 ( 105,820 )
Total net assets (liabilities): (13,432) 1
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (13,433 )
Total Shareholders' funds: ( 13,432 ) 1

The notes form part of these financial statements

HEGARTY HOMES LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 3 January 2025
and signed on behalf of the board by:

Name: C Hegarty
Status: Director

The notes form part of these financial statements

HEGARTY HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services supplied.

    Other accounting policies

    Corporation Tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Investment properties Investment property which is property held to earn rentals and/or for capital appreciation, is initially recognized at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognized in the profit and loss account.

HEGARTY HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

HEGARTY HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Fixed assets investments note

Investment property comprises of a commercial building and land available for rent. The fair value of the investment property has been arrived at on the basis of an internal valuation undertaken by the Directors at 31 March 2024 and based on the current market values of similar assets in the area of the company Investments. The Directors deem that the fair value of the assets is £176,800 If investment properties were stated on a historical cost basis rather than a fair value basis, the amounts would have been included at £176,800

HEGARTY HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024
£
Accruals and deferred income 480
Other creditors 84,738
Total 85,218

HEGARTY HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due after more than one year note

2024
£
Bank loans and overdrafts 105,820
Total 105,820