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Registered number: 06636825

















Heathmead Developments Limited
Financial Statements
Information For Filing With The Registrar
For The Year Ended 30 June 2024

 
Heathmead Developments Limited
 
 
Company Information


Directors
Matthew D Boxall 
John P Wren 




Company secretary
Matthew D Boxall



Registered number
06636825



Registered office
James And Company
Brook House

54a Cowley Mill Road

Uxbridge

UB8 2FX





 
Heathmead Developments Limited
 

Contents



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 8


 
Heathmead Developments Limited
Registered number:06636825

Statement of Financial Position
As at 30 June 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 5 
1
221

  
1
221

Current assets
  

Debtors: amounts falling due within one year
 6 
1,175
12,706

Cash at bank and in hand
 7 
44,275
50,415

  
45,450
63,121

Creditors: amounts falling due within one year
 8 
(230,712)
(186,590)

Net current liabilities
  
 
 
(185,262)
 
 
(123,469)

Total assets less current liabilities
  
(185,261)
(123,248)

Creditors: amounts falling due after more than one year
 9 
(24,537)
(30,093)

  

Net liabilities
  
(209,798)
(153,341)

Page 1

 
Heathmead Developments Limited
Registered number:06636825
    
Statement of Financial Position (continued)
As at 30 June 2024

2024
2024
2023
2023
Note
£
£
£
£

Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
(209,808)
(153,351)

  
(209,798)
(153,341)


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Matthew D Boxall
John P Wren
Director
Director


Date: 29 August 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
Heathmead Developments Limited
 
 
Notes To The Financial Statements
For The Year Ended 30 June 2024

1.


General information

Heathmead Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 06636825. The registered office and business address is Brook House 54a Cowley Mill Road Uxbridge UB8 2FX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
Heathmead Developments Limited
 
 
Notes To The Financial Statements
For The Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
5
years

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
over three years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
Heathmead Developments Limited
 
 
Notes To The Financial Statements
For The Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
Heathmead Developments Limited
 
 
Notes To The Financial Statements
For The Year Ended 30 June 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
280,000



At 30 June 2024

280,000



Amortisation


At 1 July 2023
280,000



At 30 June 2024

280,000



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 6

 
Heathmead Developments Limited
 
 
Notes To The Financial Statements
For The Year Ended 30 June 2024

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 July 2023
2,721



At 30 June 2024

2,721



Depreciation


At 1 July 2023
2,500


Charge for the year on owned assets
220



At 30 June 2024

2,720



Net book value



At 30 June 2024
1



At 30 June 2023
221


6.


Debtors

2024
2023
£
£


Other debtors
1,175
12,706

1,175
12,706



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
44,275
50,415

Less: bank overdrafts
(4,969)
(4,996)

39,306
45,419


Page 7

 
Heathmead Developments Limited
 
 
Notes To The Financial Statements
For The Year Ended 30 June 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
4,969
4,996

Bank loans
8,333
8,333

Trade creditors
14,747
809

Corporation tax
91,998
79,049

Other taxation and social security
9,738
8,697

Other creditors
92,076
75,855

Accruals and deferred income
8,851
8,851

230,712
186,590



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
24,537
30,093



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,333
8,333

Amounts falling due 1-2 years

Bank loans
8,333
8,333

Amounts falling due 2-5 years

Bank loans
16,204
21,760


32,870
38,426


 
Page 8