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Registration number: 12094006

Herons Rest Properties Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Herons Rest Properties Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Herons Rest Properties Ltd

Company Information

Directors

Linda Christine O'Rourke

Chloe Lesley O'Rourke

Registered office

119 Chertsey Lane
Staines Upon Thames
Middlesex
TW18 3LQ

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Herons Rest Properties Ltd

(Registration number: 12094006)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

3,393

786

Tangible assets

6

1,374

2,590

 

4,767

3,376

Current assets

 

Debtors

7

16,270

20,605

Cash at bank and in hand

 

24,736

29,134

 

41,006

49,739

Creditors: Amounts falling due within one year

8

(20,601)

(20,940)

Net current assets

 

20,405

28,799

Total assets less current liabilities

 

25,172

32,175

Creditors: Amounts falling due after more than one year

8

(22,181)

(25,613)

Net assets

 

2,991

6,562

Capital and reserves

 

Called up share capital

2

2

Retained earnings

2,989

6,560

Shareholders' funds

 

2,991

6,562

For the financial year ending 31 July 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 19 March 2025 and signed on its behalf by:
 

.........................................
Linda Christine O'Rourke
Director

 

Herons Rest Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
119 Chertsey Lane
Staines Upon Thames
Middlesex
TW18 3LQ

These financial statements were authorised for issue by the Board on 19 March 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 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 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

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

Furniture and fittings

25% Straight line

 

Herons Rest Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Plant & Machinery

25% Straight Line

Computer Equiment

25% Straight Line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 1 (2023 - 1).

4

Loss/profit before tax

Arrived at after charging/(crediting)

 

Herons Rest Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

4

Profit before tax (continued)

2024
£

2023
£

Depreciation expense

353

2,612

Amortisation expense

393

393

 

Herons Rest Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

5

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 August 2023

1,573

1,573

Additions acquired separately

3,000

3,000

At 31 July 2024

4,573

4,573

Amortisation

At 1 August 2023

787

787

Amortisation charge

393

393

At 31 July 2024

1,180

1,180

Carrying amount

At 31 July 2024

3,393

3,393

At 31 July 2023

786

786

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

10,320

10,320

At 31 July 2024

10,320

10,320

Depreciation

At 1 August 2023

7,730

7,730

Charge for the year

1,216

1,216

At 31 July 2024

8,946

8,946

Carrying amount

At 31 July 2024

1,374

1,374

At 31 July 2023

2,590

2,590

 

Herons Rest Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

73

-

Amounts owed by related parties

7,663

15,166

Prepayments

 

630

754

Other debtors

 

7,904

4,685

   

16,270

20,605

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,255

-

Taxation and social security

324

556

Accruals and deferred income

962

1,155

Other creditors

18,060

19,229

20,601

20,940

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

22,181

25,613