Company registration number: 09805245
Unaudited financial statements
for the year ended 31 October 2024
for
Heritage 1947 Ltd
Pages for filing with the Registrar
Company registration number: 09805245
Heritage 1947 Ltd
Balance sheet
as at 31 October 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 501,855 73,159
501,855 73,159
Current assets
Debtors 426,655 185,684
Cash at bank and in hand 586,351 1,061,058
1,013,006 1,246,742
Creditors: amounts falling due within one
year
(462,076) (454,920)
Net current assets 550,930 791,822
Total assets less current liabilities 1,052,785 864,981
Creditors: Amounts falling due after more
than one year
(3,105) (7,377)
NET ASSETS 1,049,680 857,604
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,049,678 857,602
TOTAL EQUITY 1,049,680 857,604
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 09805245
Heritage 1947 Ltd
Balance sheet - continued
as at 31 October 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr K Cameron, Director
23 July 2025
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Heritage 1947 Ltd
Notes to the financial statements
for the year ended 31 October 2024
1 Company information
Heritage 1947 Ltd is a private company registered in England and Wales. Its registered number is 09805245. The company is limited by shares. Its registered office is 40 The Lakes, Larkfield, Aylesford, ME20 6GF.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 0% reducing balance
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3
Heritage 1947 Ltd
Notes to the financial statements - continued
for the year ended 31 October 2024
3 Average number of employees
During the year the average number of employees was 3 (2023 - 2).
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 November 2023 - 157,920 157,920
Additions 446,986 - 446,986
At 31 October 2024 446,986 157,920 604,906
Depreciation
At 1 November 2023 - 84,761 84,761
Charge for year - 18,290 18,290
At 31 October 2024 - 103,051 103,051
Net book value
At 31 October 2024 446,986 54,869 501,855
At 31 October 2023 - 73,159 73,159
5 Share capital
Ordinary Share Capital of 2 Shares at £ 1 each
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