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Registration number: 01592320

Heathbridge Properties Limited

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 September 2024

 

Heathbridge Properties Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Heathbridge Properties Limited

Company Information

Directors

Mr RS Hunt

Mrs G Hunt

Company secretary

Mr RS Hunt

Registered office

East Pentwyn Farm
Blaina
Abertillery
NP13 3HX

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

Heathbridge Properties Limited

(Registration number: 01592320)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,982

4,982

Creditors: Amounts falling due within one year

(4,882)

(4,882)

Net assets

 

100

100

Capital and reserves

 

Called up share capital

5

100

100

Shareholders' funds

 

100

100

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 13 January 2025 and signed on its behalf by:
 

.........................................

Mr RS Hunt
Company secretary and director

 

Heathbridge Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
East Pentwyn Farm
Blaina
Abertillery
NP13 3HX

These financial statements were authorised for issue by the Board on 13 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Land - not depreciated, buildings - 4% straight line

 

Heathbridge Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2), although the company was dormant during this time.

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 October 2023

4,982

4,982

At 30 September 2024

4,982

4,982

Depreciation

Carrying amount

At 30 September 2024

4,982

4,982

At 30 September 2023

4,982

4,982

Included within the net book value of land and buildings above is £4,982 (2023 - £4,982) in respect of freehold land and buildings.
 

 

Heathbridge Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

6

Related party transactions

Key management personnel

Summary of transactions with key management

Unsecured, interest free, repayable on demand loans were made by the directors during the year to the company. At the balance sheet date the amount due to the directors was £4,882 (2023 - £4,882).