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HEO HOLDINGS LTD

Registered Number
SC784606
(Scotland)

Unaudited Financial Statements for the Period ended
31 October 2024

HEO HOLDINGS LTD
Company Information
for the period from 2 October 2023 to 31 October 2024

Director

DOYLE, James Daniel

Registered Address

9 Royal Crescent
Glasgow
G3 7SP

Registered Number

SC784606 (Scotland)
HEO HOLDINGS LTD
Balance Sheet as at
31 October 2024

Notes

2024

£

£

Fixed assets
Tangible assets31,150,970
Investments4101
1,151,071
Current assets
Cash at bank and on hand723,626
723,626
Creditors amounts falling due within one year5(118,163)
Net current assets (liabilities)605,463
Total assets less current liabilities1,756,534
Creditors amounts falling due after one year6(833,671)
Net assets922,863
Capital and reserves
Called up share capital101
Profit and loss account922,762
Shareholders' funds922,863
The financial statements were approved and authorised for issue by the Director on 30 June 2025, and are signed on its behalf by:
DOYLE, James Daniel
Director
Registered Company No. SC784606
HEO HOLDINGS LTD
Notes to the Financial Statements
for the period ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represent rental income receivable for the period.
Dividend income
Dividend income is recognised when the right to receive payment is established.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Land and buildings50
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

2024
Average number of employees during the year0
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
Additions1,157,3261,157,326
At 31 October 241,157,3261,157,326
Depreciation and impairment
Charge for year6,3566,356
At 31 October 246,3566,356
Net book value
At 31 October 241,150,9701,150,970
At 01 October 23--
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
Additions101101
At 31 October 24101101
Net book value
At 31 October 24101101

Notes

1Investments in group undertakings and participating interests
5.Creditors: amounts due within one year

2024

£
Bank borrowings and overdrafts60,300
Amounts owed to related parties150
Taxation and social security121
Other creditors50,000
Accrued liabilities and deferred income7,592
Total118,163
Other creditors represents the amount due to the director at the period end.
6.Creditors: amounts due after one year

2024

£
Bank borrowings and overdrafts833,671
Total833,671
7.Secured creditors
The bank loans are secured on the Land and Buildings owned by the company.
8.Related party transactions
The loan balance due to the director amounted to £50,000 at the period end.