Registration number: SC751379

HEA Holdings Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

HEA Holdings Ltd

Company Information

Directors

Mr Sanjay Mantry Dr Dipali Mantry Dr Jonathan James Ross Mrs Sarah Elizabeth Ross

Registered office

27 North Bridge Street Hawick Scottish Borders TD9 9BD

Accountants

Deans Accountants And Business Advisors Ltd 27 North Bridge Street Hawick Scottish Borders TD9 9BD

HEA Holdings Ltd

(Registration number: SC751379)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	88,185	72,818
Investment property	5	2,817,385	-
		2,905,570	72,818
Current assets
Debtors	6	26,181	-
Cash at bank and in hand		1,292	100
		27,473	100
Creditors: Amounts falling due within one year	7	(1,542,739)	(83,301)
Net current liabilities		(1,515,266)	(83,201)
Total assets less current liabilities		1,390,304	(10,383)
Creditors: Amounts falling due after more than one year	7	(1,491,886)	-
Net liabilities		(101,582)	(10,383)
Capital and reserves
Called up share capital	8	100	100
Retained earnings		(101,682)	(10,483)
Shareholders' deficit		(101,582)	(10,383)

For the financial period ending 31 December 2024 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 accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 September 2025 and signed on its behalf by:
 

......................................... Mr Sanjay Mantry Director

......................................... Dr Jonathan James Ross Director

HEA Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
27 North Bridge Street
Hawick
Scottish Borders
TD9 9BD
United Kingdom

The principal place of business is:
64 Fountainhall Road
Edinburgh
East Lothian
EH9 2LP
Scotland

These financial statements were authorised for issue by the Board on 22 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are presented in £GBP and are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis. The balance sheet has net liabilities of £96,582 (2023 - £10,383) at the year end. The shareholders have indicated that sufficient funds will be made available to the company to cover the position.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

HEA Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 December 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2023 - 4).

HEA Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 December 2024

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 December 2023	72,818	72,818
Additions	86,439	86,439
Disposals	(71,072)	(71,072)
At 31 December 2024	88,185	88,185
Depreciation
Carrying amount
At 31 December 2024	88,185	88,185
At 30 November 2023	72,818	72,818

Included within the net book value of land and buildings above is £88,185 (2023 - £72,818) in respect of short leasehold land and buildings.
 

5	Investment properties

	2024 £
Additions	2,817,385
At 31 December	2,817,385

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current	2024 £	2023 £
Trade debtors	784	-
Prepayments	25,397	-
	26,181	-

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	120,000	-
Amounts owed to related parties	10	1,420,339	82,101
Accruals and deferred income		2,400	1,200
		1,542,739	83,301

Creditors include bank loans which are secured of £120,000 (2023 - £Nil).

HEA Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 December 2024

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	1,491,886	-

	2024 £	2023 £
Due after more than five years
After more than five years by instalments	651,886	-

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