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REGISTERED NUMBER: 06014913 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Heard Homes Limited

Heard Homes Limited (Registered number: 06014913)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Heard Homes Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: S J Heard





SECRETARY: Mrs C E Heard





REGISTERED OFFICE: Chy Lowen
2a Rectory Gardens
Camborne
Cornwall
TR14 7DU





REGISTERED NUMBER: 06014913 (England and Wales)

Heard Homes Limited (Registered number: 06014913)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,431 1,907
Investments 5 100 100
1,531 2,007

CURRENT ASSETS
Stocks 172,810 151,978
Debtors 6 2,624 1,178
Cash at bank 550 2,100
175,984 155,256
CREDITORS
Amounts falling due within one year 7 43,621 52,055
NET CURRENT ASSETS 132,363 103,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,894

105,208

CREDITORS
Amounts falling due after more than one
year

8

168,872

120,872
NET LIABILITIES (34,978 ) (15,664 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (35,078 ) (15,764 )
SHAREHOLDERS' FUNDS (34,978 ) (15,664 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Heard Homes Limited (Registered number: 06014913)

Balance Sheet - continued
30 November 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 June 2025 and were signed by:





S J Heard - Director


Heard Homes Limited (Registered number: 06014913)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Heard Homes Limited 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.

These accounts have been prepared on the going concern basis on the grounds that the directors are prepared to support the company whilst the deficiency in assets persists.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Heard Homes Limited (Registered number: 06014913)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 5,169
DEPRECIATION
At 1 December 2023 3,262
Charge for year 476
At 30 November 2024 3,738
NET BOOK VALUE
At 30 November 2024 1,431
At 30 November 2023 1,907

Heard Homes Limited (Registered number: 06014913)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2023
and 30 November 2024 100
NET BOOK VALUE
At 30 November 2024 100
At 30 November 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,000 1,000
Other debtors 1,624 178
2,624 1,178

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36 5,188
Taxation and social security - 958
Other creditors 43,585 45,909
43,621 52,055

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 168,872 120,872

9. RELATED PARTY DISCLOSURES

Amounts owed to directors attract an interest of 2.4% per annum.

At the year end, £168,872 was lent to the company by Mervyn & Christine Heard, related parties. There are no specific terms of repayment attached to this loan.