ACCOUNTS - Final Accounts preparation

Company Registration Number: 13434494

DJ HEATON LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

31 DECEMBER 2024

DJ HEATON LIMITED

REGISTERED NUMBER: 13434494

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		33,480		-
Investment property	5		1,245,772		411,067
			1,279,252		411,067
Current assets
Debtors: amounts falling due within one year	6	36,306		9,336
Cash at bank and in hand		27,644		16,371
		63,950		25,707
Creditors: amounts falling due within one year	7	(1,125,978)		(364,473)
Net current liabilities			(1,062,028)		(338,766)
Total assets less current liabilities			217,224		72,301

Net assets			217,224		72,301

Capital and reserves
Called up share capital	2	2
Profit and loss account	217,222	72,299
	217,224	72,301

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 comprehensive income 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:

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

M F Hogan

Director

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DJ HEATON LIMITED

REGISTERED NUMBER: 13434494

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

Date: 29 September 2025

The notes on pages 3 to 6 form part of these financial statements.

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DJ HEATON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is Dere Street House, Bowburn North Industrial Estate, Bowburn, Durham, England, DH6 5PF.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Borrowing costs

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

2.4

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.

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DJ HEATON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Investment property

Investment property is carried at fair value assessed by the directors. Their assessment is based on local property values, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

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.

2.7

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.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

			2024	2023
			No.	No.


			0	0

4.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	Additions	33,480
	At 31 December 2024	33,480

	Net book value
	At 31 December 2024	33,480
	At 31 December 2023	-

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DJ HEATON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Investment property

		2024
		£
	Valuation
	At 1 January 2024	411,067
	Additions at cost	834,705
	At 31 December 2024	1,245,772

The investment properties are stated at fair value as assessed by the directors. Their assessment is based on local property values.
There has been no valuation of investment property by an independent valuer.

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DJ HEATON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Prepayments and accrued income	29,991	4,534
Other debtors	6,315	4,802
	36,306	9,336

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	742	2,333
Accruals and deferred income	41,019	6,913
Other creditors	1,034,161	344,161
Corporation tax	50,056	11,066
	1,125,978	364,473

8.	Related party transactions
	Summary of transactions with other related parties During the period, Vestbrown Limited, a related party due to common Directors, provided a loan to DJ Heaton Limited. At the period end, an amount of £517,080 (2023: £172,080) is included within other creditors.

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