Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falseNo description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01639243 2023-04-01 2024-03-31 01639243 2024-03-31 01639243 2022-04-01 2023-03-31 01639243 2023-03-31 01639243 2022-04-01 01639243 c:CompanySecretary1 2023-04-01 2024-03-31 01639243 c:Director1 2023-04-01 2024-03-31 01639243 c:Director2 2023-04-01 2024-03-31 01639243 c:Director3 2023-04-01 2024-03-31 01639243 c:RegisteredOffice 2023-04-01 2024-03-31 01639243 d:Buildings 2023-04-01 2024-03-31 01639243 d:Buildings 2024-03-31 01639243 d:Buildings 2023-03-31 01639243 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01639243 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 01639243 d:OtherPropertyPlantEquipment 2024-03-31 01639243 d:OtherPropertyPlantEquipment 2023-03-31 01639243 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01639243 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01639243 d:CurrentFinancialInstruments 2024-03-31 01639243 d:CurrentFinancialInstruments 2023-03-31 01639243 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01639243 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01639243 d:ShareCapital 2024-03-31 01639243 d:ShareCapital 2023-03-31 01639243 d:RetainedEarningsAccumulatedLosses 2024-03-31 01639243 d:RetainedEarningsAccumulatedLosses 2023-03-31 01639243 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 01639243 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 01639243 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 01639243 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 01639243 c:FRS102 2023-04-01 2024-03-31 01639243 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01639243 c:FullAccounts 2023-04-01 2024-03-31 01639243 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01639243 2 2023-04-01 2024-03-31 01639243 6 2023-04-01 2024-03-31 01639243 d:Buildings d:LeasedAssetsHeldAsLessee 2024-03-31 01639243 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-03-31 01639243 d:LeasedAssetsHeldAsLessee 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 01639243







HERITAGE LAND LIMITED
 
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
HERITAGE LAND LIMITED
 

COMPANY INFORMATION


DIRECTORS
H M Goldenberg AssocRICS 
S A Goldenberg FRICS IRRV FRSPH 
B M Goldenberg 




COMPANY SECRETARY
S A Goldenberg FRICS IRRV FRSPH



REGISTERED NUMBER
01639243



REGISTERED OFFICE
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BN





 
HERITAGE LAND LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 9


 
HERITAGE LAND LIMITED
REGISTERED NUMBER: 01639243

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
6,475,017
8,449,049

Investments
 5 
100
100

  
6,475,117
8,449,149

CURRENT ASSETS
  

Stocks
 6 
1,094,383
1,094,383

Debtors
 7 
3,454,030
3,575,134

Cash at bank and in hand
  
1,528,052
1,344,448

  
6,076,465
6,013,965

Creditors: amounts falling due within one year
 8 
(538,842)
(400,011)

NET CURRENT ASSETS
  
 
 
5,537,623
 
 
5,613,954

TOTAL ASSETS LESS CURRENT LIABILITIES
  
12,012,740
14,063,103

  

Deferred tax
 9 
(819,999)
(1,313,499)

NET ASSETS
  
11,192,741
12,749,604


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
  
50,000
50,000

Profit and loss account
  
11,142,741
12,699,604

EQUITY SHAREHOLDERS' FUNDS
  
11,192,741
12,749,604


Page 1

 
HERITAGE LAND LIMITED
REGISTERED NUMBER: 01639243

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 Directors' Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on  25 March 2025.



H M Goldenberg AssocRICS
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
HERITAGE LAND LIMITED
 

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

1.


GENERAL INFORMATION

Heritage Land Limited (company number: 01639243), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN is a private limited company incorporated in England and Wales.
The principal place of business is 332 Linen Hall, 162-168 Regent Street, London, W1B 5TD.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company is a parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the Company and not about its group.

The following principal accounting policies have been applied:

  
2.2

STATEMENT OF CASH FLOWS

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

  
2.3

OTHER OPERATING INCOME

Other operating income comprises rental and other property related income exclusive of Value Added Tax.
Other operating income in respect of rental income is recognised to the extent that it is probable that the economic benefits will flow to the Company and the rental income can be measured reliably. Other operating income is measured as the fair value of the consideration received or receivable excluding Value Added Tax.

 
2.4

INTEREST INCOME

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

Page 3

 
HERITAGE LAND LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.

The current corporation 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Investment properties
-
Not depreciated
Computer equipment
-
25% straight line

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 the Statement of Income and Retained Earnings.

 
2.7

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by S. A. Goldenberg FRICS IRRV  FRSPH, a director of the Company and a Chartered Surveyor. The fair value is derived from the current market rents and investment property yields for comparable real estates, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.8

VALUATION OF INVESTMENTS

Investments held as fixed assets are shown at cost less provision for impairment.

Page 4

 
HERITAGE LAND LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Costs includes all direct costs incurred in bringing stock to their present value and condition.

 
2.10

DEBTORS

Short-term debtors are measured at transaction price, 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.

 
2.12

CREDITORS

Short-term creditors are measured at the transaction price. 

 
2.13

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

 
2.14

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 5 (2023 - 5).

Page 5

 
HERITAGE LAND LIMITED
 

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

4.


TANGIBLE FIXED ASSETS





Freehold investment property
Computer equipment
Total

£
£
£



COST OR VALUATION


At 1 April 2023
8,448,851
6,485
8,455,336


Additions
-
23
23


Revaluations
(1,974,000)
-
(1,974,000)



At 31 March 2024

6,474,851
6,508
6,481,359



DEPRECIATION


At 1 April 2023 and 31 March 2024
-
6,287
6,287


Charge for the year
-
55
55



NET BOOK VALUE



At 31 March 2024
6,474,851
166
6,475,017



At 31 March 2023
8,448,851
198
8,449,049

Valuation of land and buildings at 31 March 2024 is as follows


Land and
buildings
£



At cost
4,145,877

Revaluation
2,328,974

6,474,851

The value of land and buildings was reviewed as at 31 March 2024 by the S A Goldenberg FRICS IRRV FRSPH, a director of the Company who is a qualified Chartered Surveyor, where it has been confirmed they are held at the open market value.

Page 6

 
HERITAGE LAND LIMITED
 

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

5.


FIXED ASSET INVESTMENTS





Shares in group undertakings

£



COST


At 1 April 2023 and 31 March 2024
100






NET BOOK VALUE



At 31 March 2024
100



At 31 March 2023
100


6.


STOCKS

2024
2023
£
£

Stock of properties
1,094,383
1,094,383



7.


DEBTORS

2024
2023
£
£

Due within one year

Trade debtors
76,500
57,504

Amounts owed by group undertakings
3,370,960
3,516,826

Other debtors
6,488
722

Prepayments and accrued income
82
82

3,454,030
3,575,134


Page 7

 
HERITAGE LAND LIMITED
 

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

8.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
7,349
2,672

Amounts owed to group undertakings
13,193
13,193

Corporation tax
183,494
73,421

Other creditors
208,850
225,968

Accruals and deferred income
125,956
84,757

538,842
400,011



9.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
(1,313,499)
(1,343,749)


Credited to profit or loss
493,500
30,250



AT END OF YEAR
(819,999)
(1,313,499)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Rollover relief claimed prior to purchase of qualifying asset
(237,756)
(237,756)

Arising on revaluation of investment properties
(582,243)
(1,075,743)

(819,999)
(1,313,499)


The amount of the net reversal of deferred tax expected to occur in the next year is dependent on any future fair value movements on investment properties.


10.


NON-DISTRIBUTABLE RESERVES

Included within carried forward retained earnings are non-distributable reserves of £1,508,973 (2023: £2,989,473) arising from the revaluation of investment properties.

Page 8

 
HERITAGE LAND LIMITED
 

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

11.


RELATED PARTY TRANSACTIONS

Included within creditors are amounts due to companies over which the Company has control of £13,193 (2023: £13,193).
Included within debtors are amounts due from companies over which the Company has control of £3,370,960 (
2023: £3,516,826).
Dividends of £408,341 (
2023: £487,442) were paid during the year to the shareholders of the Company who are also directors of the Company.


12.


CONTROLLING PARTY

There is no single ultimate controlling party of the Company at 31 March 2024 and 31 March 2023.


Page 9