Heaton Road Properties Limited 31/12/2024 iXBRL

Company registration number: 09363069

Heaton Road Properties Limited

Unaudited filleted financial statements

31 December 2024

Heaton Road Properties Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Heaton Road Properties Limited

Directors and other information



	Directors	Mr D J Rowley
		Mr I A Hall


	Company number	09363069


	Registered office	45/49 Greek Street
		Stockport
		Cheshire
		SK3 8AX


	Accountants	Downham Morris & Co
		45/49 Greek Street
		Stockport
		Cheshire
		SK3 8AX

Heaton Road Properties Limited

Chartered certified accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Heaton Road Properties Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Heaton Road Properties Limited for the year ended 31 December 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Heaton Road Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Heaton Road Properties Limited and state those matters that we have agreed to state to the board of directors of Heaton Road Properties Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heaton Road Properties Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Heaton Road Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Heaton Road Properties Limited. You consider that Heaton Road Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Heaton Road Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Downham Morris & Co

Charetered Certified Accountants

45/49 Greek Street

Stockport

Cheshire

SK3 8AX

30 September 2025

Heaton Road Properties Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	908,215		863,707
		_______		_______
			908,215		863,707

Current assets
Debtors	6	5,240		5,748
Cash at bank and in hand		4,493		43,493
		_______		_______
		9,733		49,241
Creditors: amounts falling due
within one year	7	( 332,559)		( 326,588)
		_______		_______
Net current liabilities			( 322,826)		( 277,347)
			_______		_______
Total assets less current liabilities			585,389		586,360

Creditors: amounts falling due
after more than one year	8		( 322,632)		( 342,320)
			_______		_______
Net assets			262,757		244,040
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			262,657		243,940
			_______		_______
Shareholders funds			262,757		244,040
			_______		_______

For the year 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 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.

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.

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

.........................

Mr D J Rowley

Director

Company registration number: 09363069

Heaton Road Properties Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in Engalnd & Wales. The address of the registered office is 45/49 Greek Street, Stockport, Cheshire, SK3 8AX.

2. Statement of compliance

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable for property rentals, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Freehold property	-	Nil

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Freehold property	Total
	£	£
Cost
At 1 January 2024	863,706	863,706
Additions	44,509	44,509
	_______	_______
At 31 December 2024	908,215	908,215
	_______	_______
Depreciation
At 1 January 2024 and 31 December 2024	-	-
	_______	_______
Carrying amount
At 31 December 2024	908,215	908,215
	_______	_______
At 31 December 2023	863,706	863,706
	_______	_______

Investment property

At the year end date the directors assessed the fair value of the properties which was deemed to be that of their orginal cost value of £908,215.

6. Debtors

	2024	2023
	£	£
Trade debtors	-	508
Other debtors	5,240	5,240
	_______	_______
	5,240	5,748
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	11,918	8,284
Corporation tax	23,186	35,834
Other creditors	297,455	282,470
	_______	_______
	332,559	326,588
	_______	_______

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

	2024	2023
	£	£
Bank loans and overdrafts	265,632	285,320
Other creditors	57,000	57,000
	_______	_______
	322,632	342,320
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr D J Rowley	( 6,000)	-	( 6,000)
	Mr I A Hall	( 141,451)	13,500	( 127,951)
		_______	_______	_______
		( 147,451)	13,500	( 133,951)
		_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr D J Rowley	( 6,000)	-	( 6,000)
	Mr I A Hall	( 176,451)	35,000	( 141,451)
		_______	_______	_______
		( 182,451)	35,000	( 147,451)
		_______	_______	_______

No interest is charged on loans from directors and loans are repayable on demand.

10. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2024	2023	2024	2023
	£	£	£	£
Loans from associated companies	(10,000)	70,000	( 141,449)	( 131,449)
	_______	_______	_______	_______

The total amount owed to associated companies at the year end date was £141,449.

11. Controlling party

The company was under the control of its directors during the period.