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Company Registration No. 03689598 (England and Wales)
Heritage Property & Plant Limited Unaudited accounts for the year ended 31 May 2024
Heritage Property & Plant Limited Unaudited accounts Contents
Page
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Heritage Property & Plant Limited Company Information for the year ended 31 May 2024
Directors
Lesley Ann Mallia Paul Mallia
Secretary
Lesley Ann Mallia
Company Number
03689598 (England and Wales)
Registered Office
Floats Road Roundthorn Industrial Estate Wythenshawe Manchester M23 9PL
Accountants
Stoney Philbin & Company Limited 7 High Street Chapel-en-le-Frith High Peak SK23 0HD
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Heritage Property & Plant Limited for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Heritage Property & Plant Limited for the year ended 31 May 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Stoney Philbin & Company Limited Chartered Certified Accountants 7 High Street Chapel-en-le-Frith High Peak SK23 0HD 24 January 2025
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Heritage Property & Plant Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,021 
7,341 
Current assets
Cash at bank and in hand
4,653 
1,585 
Creditors: amounts falling due within one year
(172,361)
(154,131)
Net current liabilities
(167,708)
(152,546)
Total assets less current liabilities
(162,687)
(145,205)
Provisions for liabilities
Other provisions
(5,057)
(5,057)
Net liabilities
(167,744)
(150,262)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(167,746)
(150,264)
Shareholders' funds
(167,744)
(150,262)
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by
Lesley Ann Mallia Director Company Registration No. 03689598
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Heritage Property & Plant Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Heritage Property & Plant Limited is a private company, limited by shares, registered in England and Wales, registration number 03689598. The registered office is Floats Road, Roundthorn Industrial Estate, Wythenshawe, Manchester, M23 9PL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The company, although technically insolvent, is supported by the directors who are confident that future business will improve position.
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Heritage Property & Plant Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
342,960 
124,903 
467,863 
At 31 May 2024
342,960 
124,903 
467,863 
Depreciation
At 1 June 2023
337,007 
123,515 
460,522 
Charge for the year
1,973 
347 
2,320 
At 31 May 2024
338,980 
123,862 
462,842 
Net book value
At 31 May 2024
3,980 
1,041 
5,021 
At 31 May 2023
5,953 
1,388 
7,341 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
5,895 
9,374 
Amounts owed to group undertakings and other participating interests
166,466 
144,757 
172,361 
154,131 
6
Transactions with related parties
During the year the company borrowed capital from Heritage Construction and Landscaping Ltd, a company under common control. The balance outstanding at the year end was £144,757 (2022 - £126,356).
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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