Herons Park Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14682868

Herons Park Limited

Filleted Unaudited Financial Statements

31 March 2025

Herons Park Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Herons Park Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		1,061,862	29,816

Current assets

Debtors	6	22,071	80,153
Cash at bank and in hand		120,554	85,213
		---------	---------
		142,625	165,366

Creditors: amounts falling due within one year	7	241,461		142,180
		---------		---------
Net current (liabilities)/assets			( 98,836)	23,186
			------------	--------
Total assets less current liabilities			963,026	53,002

Creditors: amounts falling due after more than one year	8	856,331	–
		---------	--------
Net assets		106,695	53,002
		---------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	106,595	52,902
	---------	--------
Shareholders funds	106,695	53,002
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Herons Park Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 3 September 2025 , and are signed on behalf of the board by:

L S Keeley

Director

Company registration number: 14682868

Herons Park Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Heron Herons Park, Dengemarsh Road, Lydd, Romney Marsh, TN29 9JH, United Kingdon.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 5 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2024	–	281	32,362	710	6,401	39,754
Additions	1,039,500	–	–	–	–	1,039,500
	------------	----	--------	----	-------	------------
At 31 Mar 2025	1,039,500	281	32,362	710	6,401	1,079,254
	------------	----	--------	----	-------	------------
Depreciation
At 1 Apr 2024	–	70	8,090	178	1,600	9,938
Charge for the year	–	53	6,068	133	1,200	7,454
	------------	----	--------	----	-------	------------
At 31 Mar 2025	–	123	14,158	311	2,800	17,392
	------------	----	--------	----	-------	------------
Carrying amount
At 31 Mar 2025	1,039,500	158	18,204	399	3,601	1,061,862
	------------	----	--------	----	-------	------------
At 31 Mar 2024	–	211	24,272	532	4,801	29,816
	------------	----	--------	----	-------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	5,339	2,615
Other debtors	16,732	77,538
	--------	--------
	22,071	80,153
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	17,113	–
Trade creditors	13,580	21,774
Corporation tax	63,623	30,214
With Grace fund	213	1,619
Other creditors	146,932	88,573
	---------	---------
	241,461	142,180
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	283,039	–
Other creditors	573,292	–
	---------	----
	856,331	–
	---------	----

The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets.

9. Directors' advances, credits and guarantees

At the period end, the company owed the director £573,292 (2024: the director owed the company £68,312). During the year the director took advances of £78,127 (2024: £127,068) and made repayments of £719,731 (2024: £58,756).