IRIS Accounts Production v25.1.4.42 08370956 Board of Directors 31.12.24 1.1.24 31.12.24 31.12.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. a hotel, weddings and other events organisers. true true true false true true false false false false true false false false true false Ordinary 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083709562023-12-31083709562024-12-31083709562024-01-012024-12-31083709562022-12-31083709562023-01-012023-12-31083709562023-12-3108370956ns15:EnglandWales2024-01-012024-12-3108370956ns14:PoundSterling2024-01-012024-12-3108370956ns10:Director12024-01-012024-12-3108370956ns10:Consolidated2024-12-3108370956ns10:ConsolidatedGroupCompanyAccounts2024-01-012024-12-3108370956ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3108370956ns10:Consolidatedns10:MediumEntities2024-01-012024-12-3108370956ns10:Consolidatedns10:Audited2024-01-012024-12-3108370956ns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-01-012024-12-3108370956ns10:Medium-sizedCompaniesRegimeForAccounts2024-01-012024-12-3108370956ns10:Consolidated2024-01-012024-12-3108370956ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-01-012024-12-3108370956ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2024-01-012024-12-3108370956ns10:FullAccounts2024-01-012024-12-3108370956ns5:Subsidiary12024-01-012024-12-3108370956ns5:Subsidiary22024-01-012024-12-3108370956ns5:Subsidiary32024-01-012024-12-3108370956ns5:Subsidiary42024-01-012024-12-3108370956ns5:Subsidiary52024-01-012024-12-310837095612024-01-012024-12-3108370956ns10:OrdinaryShareClass12024-01-012024-12-3108370956ns10:Director22024-01-012024-12-3108370956ns10:CompanySecretary12024-01-012024-12-3108370956ns10:RegisteredOffice2024-01-012024-12-3108370956ns10:Consolidated2023-01-012023-12-3108370956ns5:CurrentFinancialInstruments2024-12-3108370956ns5:CurrentFinancialInstruments2023-12-3108370956ns5:ShareCapital2024-12-3108370956ns5:ShareCapital2023-12-3108370956ns5:RetainedEarningsAccumulatedLosses2024-12-3108370956ns5:RetainedEarningsAccumulatedLosses2023-12-3108370956ns5:ShareCapital2022-12-3108370956ns5:RetainedEarningsAccumulatedLosses2022-12-3108370956ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3108370956ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-3108370956ns5:NetGoodwill2024-01-012024-12-3108370956ns5:LongLeaseholdAssetsns5:LandBuildings2024-01-012024-12-3108370956ns5:PlantMachinery2024-01-012024-12-3108370956ns5:FurnitureFittings2024-01-012024-12-3108370956ns5:MotorVehicles2024-01-012024-12-3108370956ns5:ComputerEquipment2024-01-012024-12-3108370956ns5:CostValuation2023-12-31083709561ns5:Subsidiary12024-01-012024-12-3108370956ns5:Subsidiary12024-12-3108370956ns5:Subsidiary12023-12-3108370956ns5:Subsidiary12023-01-012023-12-3108370956ns5:Subsidiary232024-01-012024-12-3108370956ns5:Subsidiary22024-12-3108370956ns5:Subsidiary22023-12-3108370956ns5:Subsidiary22023-01-012023-12-31083709565ns5:Subsidiary32024-01-012024-12-3108370956ns5:Subsidiary32024-12-3108370956ns5:Subsidiary32023-12-3108370956ns5:Subsidiary32023-01-012023-12-31083709567ns5:Subsidiary42024-01-012024-12-3108370956ns5:Subsidiary42024-12-3108370956ns5:Subsidiary42023-12-3108370956ns5:Subsidiary42023-01-012023-12-3108370956ns5:Subsidiary592024-01-012024-12-3108370956ns5:Subsidiary52024-12-3108370956ns5:Subsidiary52023-12-3108370956ns5:Subsidiary52023-01-012023-12-3108370956ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3108370956ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3108370956ns10:OrdinaryShareClass12024-12-3108370956ns5:RetainedEarningsAccumulatedLosses2023-12-31
REGISTERED NUMBER: 08370956 (England and Wales)















Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 December 2024

for

Heritage Rocks Ltd

Heritage Rocks Ltd (Registered number: 08370956)






Contents of the Consolidated Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 18


Heritage Rocks Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Miss T Madge
Mr M Chittenden





SECRETARY: Mr M Chittenden





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 08370956 (England and Wales)





AUDITORS: Cartwrights
Chartered Accountants and Business Advisors
Statutory Auditor
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Heritage Rocks Ltd (Registered number: 08370956)

Group Strategic Report
for the Year Ended 31 December 2024

The directors present their strategic report of the company and the group for the year ended 31 December 2024.

REVIEW OF BUSINESS
The group is a wedding venue provider and an hotel operation with multiple venues under its operation, same as previous year. Our strategy remains to grow the business organically by investing and improving the subsidiaries' facilities, sales force and advertising.

For the current year, revenue and profit rose compared to 2023 reflecting the impact of the business strategy and a return in consumer confidence following previous years economic conditions. The performance and profitability of the company is in line with our expectations. Given the tough micro and macro economic conditions, the directors are satisfied with the results and financial position of the company.

Key performance indicators

Performance of the company is monitored internally using a variety of statutory and alternative performance measures (APMs) and key performance indicators (KPls). APMs are used where management considers they are more representative of underlying trading or in monitoring performance against the company's objectives.

Turnover is an important metric as it reflects the core underlying activities of the company by adding together the turnover from each venue.

Gross Margin is an important metric as it provides valuable insight into whether the company is pricing it's services appropriately.

Operating profit is an important metric as it is an indirect measure of efficiency. The higher the net profit, the more profitable the company's core business is.

Earnings before interest, tax, depreciation and amortisation ("EBITDA") is considered, by management, to be informative as it reflects operating profit adjusted for non-cash charges.

The figures for these 4 key performance measures are stated below:

2024 2023
Turnover £8,718,320 £7,575,453
Gross profit margin 71.50% 78.01%
Operating profit/(loss) £759,422 £478,209
EBITDA 1,364,942 1,172,330


Turnover, operating profit and EDITDA all increased by 10% , 59% and 16% respectively for the year, This is accordance with our expectation of the group's performance.

With the experience gained in the wedding industry by the directors, we are confident that the Group has the potential to succeed despite the current economic climate. The aim of the Group is to provide high end quality services to our customers.


Heritage Rocks Ltd (Registered number: 08370956)

Group Strategic Report
for the Year Ended 31 December 2024

PRINCIPAL RISKS AND UNCERTAINTIES
In the course of normal business, the company continually assesses significant risks faced and takes action to mitigate the potential impacts. The principle risks (which is not intended to be a comprehensive analysis) facing the company are as follows:

Financial and liquidity

The general health of the UK economy and individuals disposable income is important to the company's success. The company manages any potential downturn in the economy by a policy of structuring payment plans for customers..

Operating capital - The availability of operating capital is crucial to ensuring that the company has sufficient funds to meet its liabilities as they fall due to suppliers and employees. The company manages this by reviewing the cash flow regularly, using variance analysis between actual and budgeted, and tracks on a rolling year to ensure sufficient funds are available.

Operational risks

Customer service - The company relies on its teams to provide quality customer service. Teams are provided with rigorous training, covering customer service, digital tools to inform risk and mitigate thereafter to ensure that high standards and customer experience are maintained.

Health and safety - All staff are provided with comprehensive training to ensure they are all aware of the risks and how they can help to mitigate them.

ON BEHALF OF THE BOARD:





Mr M Chittenden - Director


11 July 2025

Heritage Rocks Ltd (Registered number: 08370956)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

DIVIDENDS
A final dividend of £250,000 to the A Ordinary share was declared for the year ended 31 December 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Miss T Madge
Mr M Chittenden

DONATIONS AND EXPENDITURE
The group made donations totalling £150 (2023: £464) to non-political charitable organisations during the year.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Cartwrights, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr M Chittenden - Director


11 July 2025

Report of the Independent Auditors to the Members of
Heritage Rocks Ltd

Opinion
We have audited the financial statements of Heritage Rocks Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Heritage Rocks Ltd


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Heritage Rocks Ltd


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations, and that they remained alert to instances of non-compliance throughout the audit.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- based on our understanding of the company and industry, and through discussions with directors and key management, we identified any specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation; and
- we assessed the extent of compliance with these laws and regulations through making enquiries of management and inspecting legal correspondence.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries, particularly focused around the year-end, to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates in the notes to the financial statements were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditors responsibilities. This description forms part of our Report of the Auditors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Heritage Rocks Ltd


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Eric McIntyre (Senior Statutory Auditor)
for and on behalf of Cartwrights
Chartered Accountants and Business Advisors
Statutory Auditor
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

11 July 2025

Heritage Rocks Ltd (Registered number: 08370956)

Consolidated Income Statement
for the Year Ended 31 December 2024

31/12/24 31/12/23
Notes £    £   

TURNOVER 8,718,320 7,575,453

Cost of sales (2,484,458 ) (1,665,698 )
GROSS PROFIT 6,233,862 5,909,755

Administrative expenses (5,474,440 ) (5,405,794 )
759,422 503,961

Other operating income - (25,752 )
OPERATING PROFIT 4 759,422 478,209

Interest receivable and similar income 72,174 110,568
831,596 588,777

Interest payable and similar expenses 5 (396,311 ) (523,676 )
PROFIT BEFORE TAXATION 435,285 65,101

Tax on profit 6 (57,437 ) (140,090 )
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

377,848

(74,989

)
Profit/(loss) attributable to:
Owners of the parent 377,848 (74,989 )

Heritage Rocks Ltd (Registered number: 08370956)

Consolidated Other Comprehensive Income
for the Year Ended 31 December 2024

31/12/24 31/12/23
Notes £    £   

PROFIT/(LOSS) FOR THE YEAR 377,848 (74,989 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

377,848

(74,989

)

Total comprehensive income attributable to:
Owners of the parent 377,848 (74,989 )

Heritage Rocks Ltd (Registered number: 08370956)

Consolidated Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 492,876 757,525
Tangible assets 10 5,823,794 5,740,447
Investments 11 - 15,186
6,316,670 6,513,158

CURRENT ASSETS
Stocks 12 88,594 94,663
Debtors 13 6,363,550 5,861,568
Cash at bank and in hand 1,090,443 413,350
7,542,587 6,369,581
CREDITORS
Amounts falling due within one year 14 5,794,610 4,933,393
NET CURRENT ASSETS 1,747,977 1,436,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,064,647

7,949,346

CREDITORS
Amounts falling due after more than one
year

15

(4,451,807

)

(4,502,375

)

PROVISIONS FOR LIABILITIES 19 (436,118 ) (398,097 )
NET ASSETS 3,176,722 3,048,874

CAPITAL AND RESERVES
Called up share capital 20 1,000 1,000
Revaluation reserve 21 1,716,640 1,716,640
Retained earnings 21 1,459,082 1,331,234
SHAREHOLDERS' FUNDS 3,176,722 3,048,874

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:





Mr M Chittenden - Director


Heritage Rocks Ltd (Registered number: 08370956)

Company Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 - -
Tangible assets 10 - -
Investments 11 1,102 1,102
1,102 1,102

CURRENT ASSETS
Debtors 13 220,000 280,000

CREDITORS
Amounts falling due within one year 14 220,102 150,102
NET CURRENT (LIABILITIES)/ASSETS (102 ) 129,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000

131,000

CAPITAL AND RESERVES
Called up share capital 20 1,000 1,000
Retained earnings 21 - 130,000
SHAREHOLDERS' FUNDS 1,000 131,000

Company's profit for the financial year 120,000 280,000

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:





Mr M Chittenden - Director


Heritage Rocks Ltd (Registered number: 08370956)

Consolidated Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 January 2023 1,000 1,556,223 1,716,640 3,273,863

Changes in equity
Dividends - (150,000 ) - (150,000 )
Total comprehensive income - (74,989 ) - (74,989 )
Balance at 31 December 2023 1,000 1,331,234 1,716,640 3,048,874

Changes in equity
Dividends - (250,000 ) - (250,000 )
Total comprehensive income - 377,848 - 377,848
Balance at 31 December 2024 1,000 1,459,082 1,716,640 3,176,722

Heritage Rocks Ltd (Registered number: 08370956)

Company Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 1,000 - 1,000

Changes in equity
Dividends - (150,000 ) (150,000 )
Total comprehensive income - 280,000 280,000
Balance at 31 December 2023 1,000 130,000 131,000

Changes in equity
Dividends - (250,000 ) (250,000 )
Total comprehensive income - 120,000 120,000
Balance at 31 December 2024 1,000 - 1,000

Heritage Rocks Ltd (Registered number: 08370956)

Consolidated Cash Flow Statement
for the Year Ended 31 December 2024

31/12/24 31/12/23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,320,800 408,306
Interest paid (396,311 ) (523,676 )
Government Grants - (25,752 )
Tax paid (161,962 ) 59,861
Net cash from operating activities 1,762,527 (81,261 )

Cash flows from investing activities
Purchase of tangible fixed assets (753,784 ) (628,253 )
Interest received 72,174 110,568
Net cash from investing activities (681,610 ) (517,685 )

Cash flows from financing activities
New loans in year 500,000 -
Loan repayments in year (250,434 ) (279,670 )
Capital repayments in year (708 ) -
Amount introduced by directors - 305,151
Amount withdrawn by directors (389,822 ) 111,000
Equity dividends paid (250,000 ) (150,000 )
Net cash from financing activities (390,964 ) (13,519 )

Increase/(decrease) in cash and cash equivalents 689,953 (612,465 )
Cash and cash equivalents at beginning of
year

2

400,490

1,012,955

Cash and cash equivalents at end of year 2 1,090,443 400,490

Heritage Rocks Ltd (Registered number: 08370956)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 December 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

31/12/24 31/12/23
£    £   
Profit before taxation 435,285 65,101
Depreciation charges 605,520 694,121
Loss on disposal of fixed assets 4,018 -
Government grants - 25,752
Finance costs 396,311 523,676
Finance income (72,174 ) (110,568 )
1,368,960 1,198,082
Decrease/(increase) in stocks 6,069 (28,497 )
(Increase)/decrease in trade and other debtors (779,543 ) 97,680
Increase/(decrease) in trade and other creditors 1,725,314 (858,959 )
Cash generated from operations 2,320,800 408,306

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024
31/12/24 1/1/24
£    £   
Cash and cash equivalents 1,090,443 413,350
Bank overdrafts - (12,860 )
1,090,443 400,490
Year ended 31 December 2023
31/12/23 1/1/23
£    £   
Cash and cash equivalents 413,350 1,019,994
Bank overdrafts (12,860 ) (7,039 )
400,490 1,012,955


Heritage Rocks Ltd (Registered number: 08370956)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 December 2024

3. ANALYSIS OF CHANGES IN NET DEBT

Other
non-cash
At 1/1/24 Cash flow changes At 31/12/24
£    £    £    £   
Net cash
Cash at bank
and in hand 413,350 677,093 1,090,443
Bank overdrafts (12,860 ) 12,860 -
400,490 689,953 1,090,443
Debt
Finance leases - 708 (29,268 ) (28,560 )
Debts falling due
within 1 year (339,172 ) 9,205 - (329,967 )
Debts falling due
after 1 year (3,958,297 ) (258,772 ) - (4,217,069 )
(4,297,469 ) (248,859 ) (29,268 ) (4,575,596 )
Total (3,896,979 ) 441,094 (29,268 ) (3,485,153 )

Heritage Rocks Ltd (Registered number: 08370956)

Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Heritage Rocks 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the fair value of services rendered under contract to the extent that there is a right to consideration and is recorded at the value of the consideration due, net of trade discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when the amount of turnover can be measured reliably and conditions as stated in the contracts are satisfied. Where payments are received from customers in advance of service provided, the amounts are recorded as deferred income and included as part of creditors.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 10% on cost
Plant and machinery - 25% on cost, 10% on cost and Straight line over 5 years
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost and 15% on cost
Computer equipment - 25% on cost, 10% on cost and Straight line over 5 years

Investments in subsidiaries
Interest in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has applied the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Heritage Rocks Ltd (Registered number: 08370956)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate. The assets of the scheme are held separately from those of the company in an independently administered fund.

3. EMPLOYEES AND DIRECTORS
31/12/24 31/12/23
£    £   
Wages and salaries 3,388,788 3,134,090
Social security costs 219,679 164,583
Other pension costs 18,008 18,961
3,626,475 3,317,634

The average number of employees during the year was as follows:
31/12/24 31/12/23

Direct labour 190 183
Admin 10 10
200 193

Heritage Rocks Ltd (Registered number: 08370956)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS - continued

31/12/24 31/12/23
£    £   
Directors' remuneration 17,664 17,664

4. OPERATING PROFIT

The operating profit is stated after charging:

31/12/24 31/12/23
£    £   
Hire of plant and machinery 61,115 45,777
Other operating leases 204,310 332,909
Depreciation - owned assets 393,185 418,710
Loss on disposal of fixed assets 4,018 -
Goodwill amortisation 197,149 275,411
Auditors' remuneration 21,034 21,488
Foreign exchange differences - 20

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31/12/24 31/12/23
£    £   
Bank interest 145,296 194,139
Bank loan interest 251,015 329,537
396,311 523,676

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31/12/24 31/12/23
£    £   
Current tax:
UK corporation tax 18,900 -
Prior year CT adjustment - 7,598
CT Interest 32 (2,761 )
Total current tax 18,932 4,837

Deferred tax 38,505 135,253
Tax on profit 57,437 140,090

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. DIVIDENDS


Heritage Rocks Ltd (Registered number: 08370956)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

9. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 January 2024 2,761,493
Disposals (200,000 )
At 31 December 2024 2,561,493
AMORTISATION
At 1 January 2024 2,003,968
Amortisation for year 197,149
Eliminated on disposal (132,500 )
At 31 December 2024 2,068,617
NET BOOK VALUE
At 31 December 2024 492,876
At 31 December 2023 757,525

10. TANGIBLE FIXED ASSETS

Group
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 January 2024 3,834,940 236,354 362,280
Additions - - 107,282
Disposals (286,166 ) - -
At 31 December 2024 3,548,774 236,354 469,562
DEPRECIATION
At 1 January 2024 9,050 225,684 255,638
Charge for year 3,340 7,020 20,362
Eliminated on disposal (12,390 ) - -
At 31 December 2024 - 232,704 276,000
NET BOOK VALUE
At 31 December 2024 3,548,774 3,650 193,562
At 31 December 2023 3,825,890 10,670 106,642

Heritage Rocks Ltd (Registered number: 08370956)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

10. TANGIBLE FIXED ASSETS - continued

Group

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 4,297,023 98,307 184,781 9,013,685
Additions 634,186 34,214 7,370 783,052
Disposals (38,380 ) - (2,576 ) (327,122 )
At 31 December 2024 4,892,829 132,521 189,575 9,469,615
DEPRECIATION
At 1 January 2024 2,620,033 35,544 127,289 3,273,238
Charge for year 323,105 27,610 11,748 393,185
Eliminated on disposal (6,073 ) - (2,139 ) (20,602 )
At 31 December 2024 2,937,065 63,154 136,898 3,645,821
NET BOOK VALUE
At 31 December 2024 1,955,764 69,367 52,677 5,823,794
At 31 December 2023 1,676,990 62,763 57,492 5,740,447

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 70,288 24,758 95,046
DEPRECIATION
At 1 January 2024
and 31 December 2024 70,288 18,569 88,857
NET BOOK VALUE
At 31 December 2024 - 6,189 6,189
At 31 December 2023 - 6,189 6,189

Heritage Rocks Ltd (Registered number: 08370956)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

11. FIXED ASSET INVESTMENTS

Group
Shares in
group
undertaking
£   
COST
At 1 January 2024 15,186
Reclassification/transfer (15,186 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 15,186
Company
Shares in
group
undertaking
£   
COST
At 1 January 2024
and 31 December 2024 1,102
NET BOOK VALUE
At 31 December 2024 1,102
At 31 December 2023 1,102

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Seckford Holdings Limited
Registered office: Regency House, 33 Wood Street, Barnet, Herts. EN5 4BE
Nature of business: Holding company
%
Class of shares: holding
Ordinary 100.00
31/12/24 31/12/23
£    £   
Aggregate capital and reserves (1,033,909 ) (818,072 )
Loss for the year (215,837 ) (281,684 )

Heritage Rocks Ltd (Registered number: 08370956)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

11. FIXED ASSET INVESTMENTS - continued

Seckford Hall Hotel Limited
Registered office: Regency House, 33 Wood Street, Barnet, Herts. EN5 4BE
Nature of business: Hotel and wedding venue
%
Class of shares: holding
Ordinary 100.00
31/12/24 31/12/23
£    £   
Aggregate capital and reserves 3,049,436 2,810,584
Profit/(loss) for the year 238,852 (320,858 )

The Manor By The Lake Cheltenham Limited
Registered office: Regency House, 33 Wood Street, Barnet, Herts. EN5 4BE
Nature of business: Hotel and wedding venue
%
Class of shares: holding
Ordinary 100.00
31/12/24 31/12/23
£    £   
Aggregate capital and reserves 1,506,087 1,214,759
Profit for the year 411,328 495,728

Woodhall Manor Events Limited
Registered office: Regency House, 33 Wood Street, Barnet, Herts. EN5 4BE
Nature of business: Hotel and wedding venue
%
Class of shares: holding
Ordinary 100.00
31/12/24 31/12/23
£    £   
Aggregate capital and reserves 867,158 706,859
Profit for the year 160,299 284,872

Measured Media Limited
Registered office: Regency House, 33 Wood Street, Barnet, Herts. EN5 4BE
Nature of business: Advertising
%
Class of shares: holding
Ordinary
31/12/24 31/12/23
£    £   
Aggregate capital and reserves - 4,118
Loss for the year - (55,848 )


Heritage Rocks Ltd (Registered number: 08370956)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

12. STOCKS

Group
31/12/24 31/12/23
£    £   
Stocks 50,430 51,586
Finished goods 38,164 43,077
88,594 94,663

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31/12/24 31/12/23 31/12/24 31/12/23
£    £    £    £   
Trade debtors 182,139 294,726 - -
Bad debt provision - (15,968 ) - -
Amounts owed by group undertakings - - 120,000 280,000
Other debtors 6,047,194 5,531,201 100,000 -
Prepayments and accrued income 134,217 51,609 - -
6,363,550 5,861,568 220,000 280,000

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31/12/24 31/12/23 31/12/24 31/12/23
£    £    £    £   
Bank loans and overdrafts (see note 16) 329,967 352,032 - -
Hire purchase contracts (see note 17) 3,463 - - -
Trade creditors 757,955 476,840 - -
Amounts owed to group undertakings - - 169,000 -
Tax 23,466 166,496 - -
Social security and other taxes 40,785 28,779 - -
Net wages 169,912 135,347 - -
Wages Control 122,816 113,123 - -
Pensions Control 15,902 11,145 - -
VAT 410,661 294,169 - -
Income in advance - wedding,
non-wedding and deposits 2,121,754 1,375,761 102 102
Other creditors 890,817 866,217 - -
Other Creditors 16,371 - - -
Directors' current accounts 60,360 450,182 51,000 150,000
Accruals 830,381 663,302 - -
5,794,610 4,933,393 220,102 150,102

Heritage Rocks Ltd (Registered number: 08370956)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
31/12/24 31/12/23
£    £   
Bank loans (see note 16) 4,217,069 3,958,297
Hire purchase contracts (see note 17) 25,097 -
Income in advance - wedding, non-wedding
and deposits

209,641

230,924
Other creditors - 313,154
4,451,807 4,502,375

16. LOANS

An analysis of the maturity of loans is given below:

Group
31/12/24 31/12/23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 12,860
Bank loans 329,967 339,172
329,967 352,032
Amounts falling due between one and two years:
Bank loans - 1-2 years 247,467 252,040
Amounts falling due between two and five years:
Bank loans - 2-5 years 3,138,651 1,109,130
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 830,951 2,597,127

17. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
31/12/24 31/12/23
£    £   
Net obligations repayable:
Within one year 3,463 -
Between one and five years 25,097 -
28,560 -

Heritage Rocks Ltd (Registered number: 08370956)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

18. SECURED DEBTS

The following secured debts are included within creditors:

Group
31/12/24 31/12/23
£    £   
Bank loans 4,547,036 4,297,469

Santander Uk Plc holds a debenture dated 3 December 2018 over the company's assets.

19. PROVISIONS FOR LIABILITIES

Group
31/12/24 31/12/23
£    £   
Deferred tax
Accelerated capital allowances 435,296 381,637
Deferred tax 822 16,460
436,118 398,097

Group
Deferred
tax
£   
Balance at 1 January 2024 398,097
Provided during year 38,021
Balance at 31 December 2024 436,118

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/24 31/12/23
value: £    £   
1,000 Ordinary £1 1,000 1,000

21. RESERVES

Group
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2024 1,331,234 1,716,640 3,047,874
Profit for the year 377,848 377,848
Dividends (250,000 ) (250,000 )
At 31 December 2024 1,459,082 1,716,640 3,175,722

Heritage Rocks Ltd (Registered number: 08370956)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

21. RESERVES - continued

Company
Retained
earnings
£   

At 1 January 2024 130,000
Profit for the year 120,000
Dividends (250,000 )
At 31 December 2024 -


Heritage Rocks Ltd (Registered number: 08370956)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

22. RELATED PARTY DISCLOSURES

Included in other debtors, the following balances and transactions concerned related parties at year end:

The Manor By The Lake Cheltenham Ltd was owed the following amounts at year end from companies controlled by the director, M Chittenden:
2024 2023
£    £   
Eastgate Street Ltd 885,230 885,230
International House (CI) Ltd 350,000 350,000
MRM 47 Ltd 237,123 537,500
Manor Studios Ltd 651 651
Sand Dunes (Essex) Ltd 180,000 180,000
The Ordnance Depot Ltd 310,000 310,000
Capcoin Investments Ltd 610,800 565,000
Seckford Properties Ltd 626,093 294,617
Measured Media Ltd 305,255 100,707

Seckford Hall Hotel Limited was owed the following balances from companies controlled by the director, M Chittenden:
2024 2023
£    £   
The Ordnance Depot Ltd 29,310 30,000
Eastgate Street Ltd 70,000 70,000
MRM 47 Ltd 76,452 76,452
Stanwood Holdings Ltd 963,200 963,200
Measured Media Ltd (16,371 ) (49,871 )

Woodhall Manor Events Ltd was owed the following balances from companies controlled by the director, M Chittenden:
2024 2023
£    £   
MRM 47 Ltd 98,190 98,190
Eastgate Street Ltd 25,000 25,000
Measured Media Ltd 423,869 344,777

Seckford Holdings Ltd was owed the following balances from companies controlled by the director, M Chittenden:
2024 2023
£    £   
Royal Hotel (Essex) Ltd 45,980 45,980
Sand Dunes (Essex) Ltd 20,000 20,000
Seckford Properties Limited 2,000 -
Measured Media Ltd (23,516 ) (23,516 )

During the reporting period, The Manor By The Lake Cheltenham Ltd paid rent of £203,800 (2023: £212,700) to the directors, for the building from which the company operates.

23. ULTIMATE CONTROLLING PARTY

The directors are in joint control of the company by virtue of their shareholding.