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REGISTERED NUMBER: 04426067 (England and Wales)




Unaudited Financial Statements

for the Year Ended 30 September 2024

for

HERITAGE SECURED FUNDING LIMITED

HERITAGE SECURED FUNDING LIMITED (REGISTERED NUMBER: 04426067)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HERITAGE SECURED FUNDING LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTORS: J Carrier
Mrs S R Carrier





SECRETARY: J Carrier





REGISTERED OFFICE: The Courtyard
Hindford
Whittington
Oswestry
SY11 4NL





REGISTERED NUMBER: 04426067 (England and Wales)





ACCOUNTANTS: Barnard Mountstephens Childs Limited
Chartered Certified Accountants
Victoria House
50 Alexandra Street
Southend-on-Sea
Essex
SS1 1BN

HERITAGE SECURED FUNDING LIMITED (REGISTERED NUMBER: 04426067)

Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Debtors 5 501,942 478,622
Cash at bank 194,397 670,751
696,339 1,149,373
CREDITORS
Amounts falling due within one year 6 557,091 998,104
NET CURRENT ASSETS 139,248 151,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,249

151,270

CREDITORS
Amounts falling due after more than one
year

7

90,000

90,000
NET ASSETS 49,249 61,270

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 39,249 51,270
SHAREHOLDERS' FUNDS 49,249 61,270

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

HERITAGE SECURED FUNDING LIMITED (REGISTERED NUMBER: 04426067)

Balance Sheet - continued
30 September 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





J Carrier - Director


HERITAGE SECURED FUNDING LIMITED (REGISTERED NUMBER: 04426067)

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

1. STATUTORY INFORMATION

Heritage Secured Funding 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.

Turnover
Turnover represents interest and fees receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 50% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

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

HERITAGE SECURED FUNDING LIMITED (REGISTERED NUMBER: 04426067)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023
and 30 September 2024 17,865
DEPRECIATION
At 1 October 2023
and 30 September 2024 17,864
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Loans outstanding 501,942 478,622

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Corporation tax 272 272
Other creditors 221,800 162,703
Directors' current accounts 331,419 831,529
Accruals & deferred income 3,600 3,600
557,091 998,104

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Long term subordinated loan 90,000 90,000

Mr & Mrs J Carrier advanced the company £90,000 on 31st October 2004 under a Subordinated Loan Agreement.

The terms of the agreement state that repayment will not be made earlier than either 5 years from 31st October 2004 or not less than 5 years from the date on which the company gave notice to the lender. No such notice had been given at 30th September 2023. Interest is payable on the loan at 3% over bank base rate and the lender reserves the right to charge this.