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Registration number: 08939411

Healyproperties Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 March 2024

 

Healyproperties Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Healyproperties Limited

Company Information

Directors

Mr A J Healy

Mr A B Healy

Registered office

19 Ormerod Road
Burnley
Lancashire
BB11 2RU

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Healyproperties Limited
for the Year Ended 30 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Healyproperties Limited for the year ended 30 March 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Healyproperties Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Healyproperties Limited and state those matters that we have agreed to state to the Board of Directors of Healyproperties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Healyproperties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Healyproperties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Healyproperties Limited. You consider that Healyproperties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Healyproperties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

12 May 2025

 

Healyproperties Limited

(Registration number: 08939411)
Balance Sheet as at 30 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

5

594,193

206,541

Current assets

 

Debtors

6

100

380,100

Cash at bank and in hand

 

37,708

31,157

 

37,808

411,257

Creditors: Amounts falling due within one year

7

(13,234)

(18,429)

Net current assets

 

24,574

392,828

Total assets less current liabilities

 

618,767

599,369

Creditors: Amounts falling due after more than one year

7

(559,758)

(554,247)

Net assets

 

59,009

45,122

Capital and reserves

 

Called up share capital

100

100

Retained earnings

58,909

45,022

Shareholders' funds

 

59,009

45,122

 

Healyproperties Limited

(Registration number: 08939411)
Balance Sheet as at 30 March 2024

For the financial year ending 30 March 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 May 2025 and signed on its behalf by:
 

.........................................
Mr A J Healy
Director

 

Healyproperties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 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:
19 Ormerod Road
Burnley
Lancashire
BB11 2RU

These financial statements were authorised for issue by the Board on 12 May 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.

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

Fixtures and fittings

20% straight line

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.
Subsequently investment properties are measured at fair value. Investment property valuations are based on an open market value. Gains and losses arising from changes in the fair value of investment properties are included in the Statement of Income and Retained Earnings in the period in which they arise.

 

Healyproperties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 2 (2023 - 2).

 

Healyproperties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 31 March 2023

3,095

3,095

At 30 March 2024

3,095

3,095

Depreciation

At 31 March 2023

3,095

3,095

At 30 March 2024

3,095

3,095

Carrying amount

At 30 March 2024

-

-

5

Investment properties

2024
£

At 31 March

206,541

Additions

387,652

At 30 March

594,193

There has been no valuation of investment property by an independent valuer.

6

Debtors

2024
£

2023
£

Prepayments

100

380,000

Other debtors

-

100

100

380,100

 

Healyproperties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

7,500

10,000

Taxation and social security

 

3,258

6,199

Accruals and deferred income

 

2,476

2,230

 

13,234

18,429

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

49,035

53,916

Other non-current financial liabilities

 

510,723

500,331

 

559,758

554,247

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

49,035

53,916

Current loans and borrowings

2024
£

2023
£

Bank borrowings

7,500

10,000

Bank borrowings are secured by a fixed and floating charge over the assets of the company.

9

Related party transactions

Summary of transactions with associates

A company in which the Directors have an interest
 At the end of the year the balance due to Healycare Limited was £510,723 (2023 - £500,331).