IRIS Accounts Production v25.1.0.734 11681767 Board of Directors 1.12.23 28.2.25 28.2.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116817672023-11-30116817672025-02-28116817672023-12-012025-02-28116817672022-11-30116817672022-12-012023-11-30116817672023-11-3011681767ns15:EnglandWales2023-12-012025-02-2811681767ns14:PoundSterling2023-12-012025-02-2811681767ns10:Director12023-12-012025-02-2811681767ns10:PrivateLimitedCompanyLtd2023-12-012025-02-2811681767ns10:SmallEntities2023-12-012025-02-2811681767ns10:AuditExempt-NoAccountantsReport2023-12-012025-02-2811681767ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012025-02-2811681767ns10:SmallCompaniesRegimeForAccounts2023-12-012025-02-2811681767ns10:FullAccounts2023-12-012025-02-2811681767ns10:Director22023-12-012025-02-2811681767ns10:RegisteredOffice2023-12-012025-02-2811681767ns5:CurrentFinancialInstruments2025-02-2811681767ns5:CurrentFinancialInstruments2023-11-3011681767ns5:ShareCapital2025-02-2811681767ns5:ShareCapital2023-11-3011681767ns5:RevaluationReserve2025-02-2811681767ns5:RevaluationReserve2023-11-3011681767ns5:RetainedEarningsAccumulatedLosses2025-02-2811681767ns5:RetainedEarningsAccumulatedLosses2023-11-3011681767ns5:PlantMachinery2023-12-012025-02-2811681767ns5:FurnitureFittings2023-12-012025-02-2811681767ns5:PlantMachinery2023-11-3011681767ns5:FurnitureFittings2023-11-3011681767ns5:PlantMachinery2025-02-2811681767ns5:FurnitureFittings2025-02-2811681767ns5:PlantMachinery2023-11-3011681767ns5:FurnitureFittings2023-11-3011681767ns5:RevaluationReserve2023-11-30
REGISTERED NUMBER: 11681767 (England and Wales)








Unaudited Financial Statements

for the Period 1 December 2023 to 28 February 2025

for

Heatopia Ltd

Heatopia Ltd (Registered number: 11681767)






Contents of the Financial Statements
for the Period 1 December 2023 to 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Heatopia Ltd

Company Information
for the Period 1 December 2023 to 28 February 2025







DIRECTORS: D W Paterson
Dr C A Paterson





REGISTERED OFFICE: 10 Stratford Grove
Newcastle Upon Tyne
Tyne and Wear
NE6 5AT





REGISTERED NUMBER: 11681767 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Heatopia Ltd (Registered number: 11681767)

Balance Sheet
28 February 2025

28.2.25 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 - 116,810
- 116,810

CURRENT ASSETS
Cash at bank and in hand 45,363 36,664

CREDITORS
Amounts falling due within one year 6 21,102 129,006
NET CURRENT ASSETS/(LIABILITIES) 24,261 (92,342 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,261

24,468

PROVISIONS FOR LIABILITIES - 1,900
NET ASSETS 24,261 22,568

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 7 - 8,100
Retained earnings 24,259 14,466
24,261 22,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Heatopia Ltd (Registered number: 11681767)

Balance Sheet - continued
28 February 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





Dr C A Paterson - Director


Heatopia Ltd (Registered number: 11681767)

Notes to the Financial Statements
for the Period 1 December 2023 to 28 February 2025

1. STATUTORY INFORMATION

Heatopia Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Heatopia Ltd (Registered number: 11681767)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 28 February 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 December 2023
and 28 February 2025 349 844 1,193
DEPRECIATION
At 1 December 2023
and 28 February 2025 349 844 1,193
NET BOOK VALUE
At 28 February 2025 - - -
At 30 November 2023 - - -

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 December 2023 116,810
Disposals (116,810 )
At 28 February 2025 -
NET BOOK VALUE
At 28 February 2025 -
At 30 November 2023 116,810

Cost or valuation at 28 February 2025 is represented by:
£   
Valuation in 2019 10,000

Heatopia Ltd (Registered number: 11681767)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 28 February 2025

5. INVESTMENT PROPERTY - continued

If the investment property had not been revalued they would have been included at the following historical cost:

28.2.25 30.11.23
£    £   
Cost 106,810 106,810

Investment property was valued on an open market basis on 30 November 2021 by the directors. .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 30.11.23
£    £   
Trade creditors - (1 )
Tax 963 1,521
Directors' current accounts 18,679 126,826
Accruals and deferred income 1,460 660
21,102 129,006

7. RESERVES
Revaluation
reserve
£   
At 1 December 2023 8,100
Transfer from revaluation reserve (8,100 )

At 28 February 2025 -