Company No:
Contents
| DIRECTORS | J P Heaver |
| E J Heaver |
| SECRETARY | E J Heaver |
| REGISTERED OFFICE | 22 Chancery Lane |
| London | |
| WC2A 1LS | |
| United Kingdom |
| COMPANY NUMBER | 04681692 (England and Wales) |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| Investment property | 4 |
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| 8,612,795 | 8,957,894 | |||
| Current assets | ||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| 940,370 | 367,471 | |||
| Creditors: amounts falling due within one year | 6 | (
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| Net current liabilities | (5,022,333) | (4,811,940) | ||
| Total assets less current liabilities | 3,590,462 | 4,145,954 | ||
| Creditors: amounts falling due after more than one year | 7 | (
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| Provision for liabilities | 8 | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Heaver Commercial Limited (registered number:
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J P Heaver
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Heaver Commercial Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the going concern basis has continued to be adopted in preparing the annual report and accounts.
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current 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.
Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition an installation.
| Plant and machinery etc. |
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Interest expense if 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.
Lease incentives are recognised over the term of the lease.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the company during the year, including directors |
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| Plant and machinery etc. | Total | ||
| £ | £ | ||
| Cost | |||
| At 01 March 2024 |
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| At 28 February 2025 |
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| Accumulated depreciation | |||
| At 01 March 2024 |
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| Charge for the financial year |
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| At 28 February 2025 |
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| Net book value | |||
| At 28 February 2025 |
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| At 29 February 2024 |
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| Investment property | |
| £ | |
| Valuation | |
| As at 01 March 2024 |
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| Additions | 385,322 |
| Fair value movement | (730,322) |
| As at 28 February 2025 |
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The investment properties are held at fair value, based on a valuation made by Mr J P Heaver (MRICS), a director, at 29 February 2025, with changes in fair value being recognised in the Profit and Loss Account.
The historic cost of the investment properties is £6,958,183 (2024 - £6,653,613).
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors |
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| Amounts owed by group undertakings (note 9) |
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| Other debtors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans |
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| Trade creditors |
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| Taxation and social security |
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| Other creditors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Other creditors |
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| 2025 | 2024 | ||
| £ | £ | ||
| At the beginning of financial year | (
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| Credited/(charged) to the Profit and Loss Account |
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| At the end of financial year | (
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Transactions with the entity's directors
During the year, amounts totalling £900,000 were loaned to the company by E J Heaver, and amounts totalling £28,240 and £14,800 were repaid by the company to its directors, J P Heaver and E J Heaver respectively. At the balance sheet date, the amount due to JP Heaver was £4,982,227 (2024 - £5,010,467) and the amount due to E J Heaver was £885,200. These loans are interest free and repayable on demand.
Parent Company:
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| 22 Chancery Lane London WC2A 1LS |