REGISTERED NUMBER: 10362062 (England and Wales)

Unaudited Financial Statements For The Year Ended 30 September 2024

for

A & S Heer Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs T K Heer

Mr N S Heer

REGISTERED OFFICE:

44 St Marys Crescent

Isleworth

Middlesex

TW7 4NA

REGISTERED NUMBER:

10362062 (England and Wales)

ACCOUNTANTS:

Ashwells Associates Limited

Chartered Certified Accountants

54a Church Road

Ashford

Middlesex

TW15 2TS

FIXED ASSETS

Property, plant and equipment

4

25,815

35,405

Investment property

5

1,049,293

730,001

1,075,108

765,406

CURRENT ASSETS

Debtors

6

-

30,437

Cash at bank

1,334

1,060

1,334

31,497

CREDITORS

Amounts falling due within one year

7

249,594

171,651

NET CURRENT LIABILITIES

(248,260

)

(140,154

)

TOTAL ASSETS LESS CURRENT LIABILITIES

826,848

625,252

CREDITORS

Amounts falling due after more than one year

8

(731,388

)

(520,914

)

PROVISIONS FOR LIABILITIES

(24,761

)

(26,355

)

NET ASSETS

70,699

77,983

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

93,129

93,129

Retained earnings

(22,530

)

(15,246

)

70,699

77,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Mr N S Heer - Director

Mrs T K Heer - Director

1.	STATUTORY INFORMATION

A & S Heer Properties Limited 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 Company 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Revenue 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.

Fixtures and fittings

-

10% on cost

Motor vehicles

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 October 2023

and 30 September 2024

16,374

53,690

70,064

DEPRECIATION

At 1 October 2023

5,070

29,589

34,659

Charge for year

1,637

7,953

9,590

At 30 September 2024

6,707

37,542

44,249

NET BOOK VALUE

At 30 September 2024

9,667

16,148

25,815

At 30 September 2023

11,304

24,101

35,405

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

730,001

Additions

319,292

At 30 September 2024

1,049,293

NET BOOK VALUE

At 30 September 2024

1,049,293

At 30 September 2023

730,001

Fair value at 30 September 2024 is represented by:

£

Valuation in 2022

714,536

Valuation in 2023

15,465

Cost

319,292

1,049,293

Fixed assets, included in the above, which are held under finance leases are as follows:

Total

£

FAIR VALUE

At 1 October 2023

630,000

Additions

319,292

At 30 September 2024

949,292

NET BOOK VALUE

At 30 September 2024

949,292

At 30 September 2023

630,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Trade debtors

-

1

Other debtors

-

30,436

-

30,437

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Other creditors

249,594

171,651

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/24

30/9/23

£

£

Bank loans

722,463

501,988

Other creditors

8,925

18,926

731,388

520,914

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

722,463

501,988

9.

RESERVES

Fair

value

reserve

£

At 1 October 2023

and 30 September 2024

93,129

10.	RELATED PARTY DISCLOSURES

Included in other Creditors is a sum £208,544 owed to the Director.