Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-23true2023-09-01falseOperation of a gym77falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09187847 2023-09-01 2024-08-31 09187847 2022-09-01 2023-08-31 09187847 2024-08-31 09187847 2023-08-31 09187847 c:Director2 2023-09-01 2024-08-31 09187847 d:Buildings d:ShortLeaseholdAssets 2023-09-01 2024-08-31 09187847 d:Buildings d:ShortLeaseholdAssets 2024-08-31 09187847 d:Buildings d:ShortLeaseholdAssets 2023-08-31 09187847 d:LandBuildings 2024-08-31 09187847 d:LandBuildings 2023-08-31 09187847 d:PlantMachinery 2023-09-01 2024-08-31 09187847 d:PlantMachinery 2024-08-31 09187847 d:PlantMachinery 2023-08-31 09187847 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09187847 d:OfficeEquipment 2023-09-01 2024-08-31 09187847 d:OfficeEquipment 2024-08-31 09187847 d:OfficeEquipment 2023-08-31 09187847 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09187847 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09187847 d:PatentsTrademarksLicencesConcessionsSimilar 2024-08-31 09187847 d:PatentsTrademarksLicencesConcessionsSimilar 2023-08-31 09187847 d:CurrentFinancialInstruments 2024-08-31 09187847 d:CurrentFinancialInstruments 2023-08-31 09187847 d:Non-currentFinancialInstruments 2024-08-31 09187847 d:Non-currentFinancialInstruments 2023-08-31 09187847 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 09187847 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09187847 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 09187847 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 09187847 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 09187847 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 09187847 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 09187847 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 09187847 d:ShareCapital 2024-08-31 09187847 d:ShareCapital 2023-08-31 09187847 d:RetainedEarningsAccumulatedLosses 2024-08-31 09187847 d:RetainedEarningsAccumulatedLosses 2023-08-31 09187847 c:FRS102 2023-09-01 2024-08-31 09187847 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09187847 c:FullAccounts 2023-09-01 2024-08-31 09187847 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09187847 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-09-01 2024-08-31 09187847 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 09187847









HERITAGE CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
HERITAGE CAPITAL LIMITED
REGISTERED NUMBER: 09187847

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
                                                                     Note
£
£

Fixed assets
  

Intangible assets
 3 
-
4,500

Tangible assets
 4 
170,217
191,826

  
170,217
196,326

Current assets
  

Debtors: amounts falling due within one year
 5 
175,594
14,130

Cash at bank and in hand
  
3,983
40,382

  
179,577
54,512

Creditors: amounts falling due within one year
 6 
(321,546)
(308,423)

Net current liabilities
  
 
 
(141,969)
 
 
(253,911)

Total assets less current liabilities
  
28,248
(57,585)

Creditors: amounts falling due after more than one year
 7 
(329,706)
(292,683)

  

Net liabilities
  
(301,458)
(350,268)


Capital and reserves
  

Called up share capital 
  
120
120

Profit and loss account
  
(301,578)
(350,388)

  
(301,458)
(350,268)


Page 1

 
HERITAGE CAPITAL LIMITED
REGISTERED NUMBER: 09187847
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S Hemmens
Director

Date: 23 May 2025

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

Page 2

 
HERITAGE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Heritage Capital Limited ("the Company") is a private company, limited by shares, registered in England
and Wales. The Company's registered office is Victoria House, 14-26 Victoria Street, Luton, LU1 2UA.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

As part of a going concern review, the directors have followed the guidelines published by the Financial Reporting Council entitled "Going Concern and Liquidity Risk Guidance for UK Companies 2009". The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future as the Company expects to receive continuing financial support from companies connected to it by virtue of common directorship and ownership. On this basis the directors consider that the going concern basis of accounting remains appropriate.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
HERITAGE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Government grants

Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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.

Page 4

 
HERITAGE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, a straight-line and on a reducing balance basis.

Depreciation is provided on the following bases:

Short-term leasehold property
-
Over the life of the lease
Plant and machinery
-
25% reducing balance
Office equipment
-
33% reducing balance

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 profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.12

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.

 
2.13

Creditors

Short-term creditors are measured at the transaction price.

Page 5

 
HERITAGE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

3.


Intangible assets




Licence fees

£



Cost


At 1 September 2023
69,423



At 31 August 2024

69,423



Amortisation


At 1 September 2023
64,923


Charge for the year on owned assets
4,500



At 31 August 2024

69,423



Net book value



At 31 August 2024
-



At 31 August 2023
4,500



Page 6

 
HERITAGE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
285,527
19,716
11,869
317,112


Additions
-
1,650
-
1,650



At 31 August 2024

285,527
21,366
11,869
318,762



Depreciation


At 1 September 2023
101,975
14,065
9,246
125,286


Charge for the year on owned assets
20,395
1,920
944
23,259



At 31 August 2024

122,370
15,985
10,190
148,545



Net book value



At 31 August 2024
163,157
5,381
1,679
170,217



At 31 August 2023
183,552
5,651
2,623
191,826




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Short leasehold
163,157
183,552

163,157
183,552


Page 7

 
HERITAGE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Trade debtors
965
1,930

Amounts owed by connected entities
160,912
-

Prepayments and accrued income
13,717
12,200

175,594
14,130



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
28,945
50,307

Trade creditors
27,828
46,643

Other taxation and social security
135,456
99,938

Other creditors
91,067
74,285

Accruals
38,250
37,250

321,546
308,423



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,506
41,229

Amounts owed to connected entities
319,200
251,454

329,706
292,683


Page 8

 
HERITAGE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
28,945
50,307

Amounts falling due 1-2 years

Bank loans
10,506
30,723

Amounts falling due 2-5 years

Bank loans
-
10,506


39,451
91,536


The bank loans are secured by way of a fixed and floating charge over all the assets and undertakings of the Company including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future.


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,820 (2023 - £1,522). Contributions outstanding at the year end amounted to £540 (2023 - £540).


10.


Related party transactions

At the year end the Company owed the directors £67,157 (2023 - £67,157).

 
Page 9