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REGISTERED NUMBER: 04425506 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

HEATHTON ESTATES LTD

HEATHTON ESTATES LTD (REGISTERED NUMBER: 04425506)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HEATHTON ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J Green





REGISTERED OFFICE: Data House
43-45 Stamford Hill
London
N16 5SR





REGISTERED NUMBER: 04425506 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

HEATHTON ESTATES LTD (REGISTERED NUMBER: 04425506)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,915 2,252
Investment property 6 3,660,000 3,355,188
3,661,915 3,357,440

CURRENT ASSETS
Debtors 7 273,284 129,215
Cash at bank 498,013 19,862
771,297 149,077
CREDITORS
Amounts falling due within one year 8 (423,148 ) (523,127 )
NET CURRENT ASSETS/(LIABILITIES) 348,149 (374,050 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,010,064

2,983,390

CREDITORS
Amounts falling due after more than one
year

9

(2,657,495

)

(1,888,203

)
NET ASSETS 1,352,569 1,095,187

CAPITAL AND RESERVES
Called up share capital 12 100 100
Revaluation reserve 13 688,711 688,711
Fair value reserve 13 299,768 -
Retained earnings 13 363,990 406,376
SHAREHOLDERS' FUNDS 1,352,569 1,095,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HEATHTON ESTATES LTD (REGISTERED NUMBER: 04425506)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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 and authorized for issue by the director and authorised for issue on 27 January 2025 and were signed by:





J Green - Director


HEATHTON ESTATES LTD (REGISTERED NUMBER: 04425506)

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

1. STATUTORY INFORMATION

Heathton Estates Ltd 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 represents net rent receivable, 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.
Fixtures and fittings - 15% on reducing balance

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

HEATHTON ESTATES LTD (REGISTERED NUMBER: 04425506)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 21,958
DEPRECIATION
At 1 May 2023 19,706
Charge for year 337
At 30 April 2024 20,043
NET BOOK VALUE
At 30 April 2024 1,915
At 30 April 2023 2,252

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 3,355,188
Additions 5,044
Revaluations 299,768
At 30 April 2024 3,660,000
NET BOOK VALUE
At 30 April 2024 3,660,000
At 30 April 2023 3,355,188

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2016 688,711
Valuation in 2023 299,768
Cost 2,671,521
3,660,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 12,053
Other debtors 273,284 117,162
273,284 129,215

HEATHTON ESTATES LTD (REGISTERED NUMBER: 04425506)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 5,434 -
Taxation and social security - 25,339
Other creditors 417,714 497,788
423,148 523,127

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 10) 2,657,495 1,888,203

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 2,657,495 420,203

10. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years - 1,468,000

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans 2,657,495 420,203

11. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 2,657,495 1,888,203

The bank loans are secured by a first charge over the company's investment properties and bear interest at variable rates.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

HEATHTON ESTATES LTD (REGISTERED NUMBER: 04425506)

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

13. RESERVES
Fair
Retained Revaluation value
earnings reserve reserve Totals
£    £    £    £   

At 1 May 2023 406,376 688,711 - 1,095,087
Profit for the year 266,382 266,382
Dividends (9,000 ) (9,000 )
Revaluation reserve (299,768 ) - 299,768 -
At 30 April 2024 363,990 688,711 299,768 1,352,469

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £9,000 were paid to the director .

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Green.