Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-317trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01falseNo description of principal activity6truefalse 07902031 2023-09-01 2024-08-31 07902031 2022-09-01 2023-08-31 07902031 2024-08-31 07902031 2023-08-31 07902031 c:Director1 2023-09-01 2024-08-31 07902031 d:PlantMachinery 2023-09-01 2024-08-31 07902031 d:PlantMachinery 2024-08-31 07902031 d:PlantMachinery 2023-08-31 07902031 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07902031 d:MotorVehicles 2023-09-01 2024-08-31 07902031 d:MotorVehicles 2024-08-31 07902031 d:MotorVehicles 2023-08-31 07902031 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07902031 d:FurnitureFittings 2023-09-01 2024-08-31 07902031 d:FurnitureFittings 2024-08-31 07902031 d:FurnitureFittings 2023-08-31 07902031 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07902031 d:OfficeEquipment 2023-09-01 2024-08-31 07902031 d:OfficeEquipment 2024-08-31 07902031 d:OfficeEquipment 2023-08-31 07902031 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07902031 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07902031 d:Goodwill 2023-09-01 2024-08-31 07902031 d:Goodwill 2024-08-31 07902031 d:Goodwill 2023-08-31 07902031 d:CurrentFinancialInstruments 2024-08-31 07902031 d:CurrentFinancialInstruments 2023-08-31 07902031 d:Non-currentFinancialInstruments 2024-08-31 07902031 d:Non-currentFinancialInstruments 2023-08-31 07902031 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 07902031 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 07902031 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 07902031 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 07902031 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 07902031 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 07902031 c:FRS102 2023-09-01 2024-08-31 07902031 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07902031 c:FullAccounts 2023-09-01 2024-08-31 07902031 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07902031 2 2023-09-01 2024-08-31 07902031 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Registered number: 07902031














HEATHROW INVESTMENTS LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 AUGUST 2024

 
HEATHROW INVESTMENTS LTD
REGISTERED NUMBER: 07902031

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023


Fixed assets
72,401
86,306

Current assets
406,315
382,022

Creditors: amounts falling due within one year
(141,068)
(127,068)

Net current assets
 
 
265,247
 
 
254,954

Total assets less current liabilities
337,648
341,260

Creditors: amounts falling due after more than one year
(13,275)
(22,500)


Net assets
£324,373
£318,760



Capital and reserves
£324,373
£318,760


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 February 2025.



................................................
N C Lofting
Director

Page 1

 
HEATHROW INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Heathrow Investments Ltd is a private company, limited by shares and incorporated in England and Wales. The company number is 07902031 and registered office address is Henwood House, Henwood, Ashford, Kent TN24 8DH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 
HEATHROW INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
HEATHROW INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the most appropriate basis..

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
straight line
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

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.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term 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.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 -6).

Page 4

 
HEATHROW INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Intangible assets




Goodwill



Cost


At 1 September 2023
21,200



At 31 August 2024

21,200






Net book value



At 31 August 2024
£21,200



At 31 August 2023
£21,200




5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total



Cost or valuation


At 1 September 2023
16,983
46,863
13,217
34,321
111,384


Additions
-
1,000
2,642
416
4,058



At 31 August 2024

16,983
47,863
15,859
34,737
115,442



Depreciation


At 1 September 2023
12,589
4,882
8,309
20,498
46,278


Charge for the year on owned assets
1,466
10,745
2,114
3,637
17,962



At 31 August 2024

14,055
15,627
10,423
24,135
64,240



Net book value



At 31 August 2024
£2,928
£32,236
£5,436
£10,602
£51,202



At 31 August 2023
£4,394
£41,981
£4,908
£13,823
£65,106

Page 5

 
HEATHROW INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Debtors

2024
2023


Trade debtors
284,245
129,530

Prepayments and accrued income
11,859
3,131

£296,104
£132,661



7.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
£110,210
£249,362



8.


Creditors: Amounts falling due within one year

2024
2023

Other loans
10,000
10,000

Trade creditors
15,359
1,766

Corporation tax
37,505
63,255

Other taxation and social security
72,103
47,878

Other creditors
1,775
629

Accruals and deferred income
4,326
3,540

£141,068
£127,068



9.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
£13,275
£22,500


Page 6

 
HEATHROW INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Other loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
3,275
12,500


3,275
12,500


£23,275
£32,500



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £34,801 (2023 -£3,607) . Contributions totalling £964 (2023 -£628) were payable to the fund at the balance sheet date and are included in creditors.

Page 7