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COMPANY REGISTRATION NUMBER: 09154803
HEATHER MOUNT LIMITED
Filleted Unaudited Financial Statements
For the year ended
31 July 2024
HEATHER MOUNT LIMITED
Financial Statements
Year ended 31 July 2024
Contents
Pages
Balance sheet
1 to 2
Notes to the financial statements
3 to 5
HEATHER MOUNT LIMITED
Balance Sheet
31 July 2024
2024
2023
Note
£
£
£
£
Fixed assets
Investments
4
50
50
Current assets
Debtors
5
1,279,970
1,279,968
Cash at bank and in hand
2,022
1,847
-------------
-------------
1,281,992
1,281,815
Creditors: amounts falling due within one year
6
( 737,060)
( 729,850)
-------------
-------------
Net current assets
544,932
551,965
----------
----------
Total assets less current liabilities
544,982
552,015
Creditors: amounts falling due after more than one year
7
( 24,168)
( 29,167)
----------
----------
Net assets
520,814
522,848
----------
----------
Capital and reserves
Called up share capital
2
2
Profit and loss account
520,812
522,846
----------
----------
Shareholders funds
520,814
522,848
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
HEATHER MOUNT LIMITED
Balance Sheet (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 28 April 2025 , and are signed on behalf of the board by:
A Langberg
Director
Company registration number: 09154803
HEATHER MOUNT LIMITED
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The valuation of investment properties is inherently subjective, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable market transactions. Therefore the valuations are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.
Taxation
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income. Current tax is expected tax payable or receivable on the taxable income or loss for the year, using rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years. Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. For investment property that is measured at fair value, deferred tax is provided at the rate and allowances applicable to the sale of the property.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Acquisitions and disposals of properties
Acquisitions and disposals are considered to have taken place at the date of legal completion and are included in the financial statements accordingly.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Investments
Shares in participating interests
£
Cost
At 1 August 2023 and 31 July 2024
50
----
Impairment
At 1 August 2023 and 31 July 2024
----
Carrying amount
At 31 July 2024
50
----
At 31 July 2023
50
----
5. Debtors
2024
2023
£
£
Other debtors
1,279,970
1,279,968
-------------
-------------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,000
5,000
Other creditors
732,060
724,850
----------
----------
737,060
729,850
----------
----------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
24,168
29,167
---------
---------
8. Related party transactions
Included in Other debtors are amounts of £1,279,940 due from Companies connected with the Directors and Shareholders of the Company. The amounts are due within one year. Included in Other creditors are amounts of £729,250 due to Companies connected with the Directors and Shareholders of the Company.