Hanley Heath Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08364268

HANLEY HEATH LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 December 2024

HANLEY HEATH LTD

BALANCE SHEET

29 December 2024

	29 Dec 24		31 Dec 23
Note	£	£	£	£

Fixed assets

Tangible assets	5		298,881		327,825

Current assets

Stocks		17,328	24,778
Debtors	7	925,719	1,003,482
Cash at bank and in hand		632,619	422,117
		-----------	-----------
		1,575,666	1,450,377

Creditors: amounts falling due within one year	8	( 514,872)		( 561,899)
		-----------		-----------
Net current assets			1,060,794		888,478
			-----------		-----------
Total assets less current liabilities			1,359,675		1,216,303

Provisions

Taxation including deferred tax	( 40,885)	( 43,608)
	-----------	-----------
Net assets	1,318,790	1,172,695
	-----------	-----------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		1,318,690	1,172,595
		-----------	-----------
Shareholders funds		1,318,790	1,172,695
		-----------	-----------

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 profit and loss account has not been delivered.

For the period ending 29 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 period 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 were approved by the board of directors and authorised for issue on 3 October 2025 , and are signed on behalf of the board by:

M S Grewal

Director

Company registration number: 08364268

HANLEY HEATH LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 JANUARY 2024 TO 29 DECEMBER 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12 North Bar, Banbury, OX16 0TB.

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. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and rebates allowed by the company and value added taxes. The company operates pizza stores for the production and sale of pizzas. Sales of pizzas are recognised when the significant risks and rewards of ownership have transferred to the buyer. This is on sale to the customer, which is considered the point of delivery. Retail sales are usually by cash, credit or payment card.

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.

Operating leases

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

Leasehold improvements	-	straight line basis over the term of the trading property lease period
Fixtures and fittings	-	10 - 20% straight line basis

Investments in subsidiaries

Investments in subsidiaries are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Basic financial assets, which include trade and other receivables, loans to group undertakings and other related entities and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, which include trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables 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 payment is due within one year of less. If not, then they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Employee benefits Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Distributions to equity holders

Dividends and other distributions to the company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 75 (2023: 64 ).

5. Tangible assets

	Leasehold improvements	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2024	110,909	245,185	356,094
Additions	–	11,902	11,902
Disposals	–	( 2,469)	( 2,469)
	--------	--------	--------
At 29 December 2024	110,909	254,618	365,527
	--------	--------	--------
Depreciation
At 1 January 2024	8,439	19,830	28,269
Charge for the period	10,995	28,171	39,166
Disposals	–	( 789)	( 789)
	--------	--------	--------
At 29 December 2024	19,434	47,212	66,646
	--------	--------	--------
Carrying amount
At 29 December 2024	91,475	207,406	298,881
	--------	--------	--------
At 31 December 2023	102,470	225,355	327,825
	--------	--------	--------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 29 December 2024	989,324
	--------
Impairment
At 1 January 2024 and 29 December 2024	989,324
	--------

Carrying amount
At 29 December 2024	–
	--------
At 31 December 2023	–
	--------

7. Debtors

	29 Dec 24	31 Dec 23
	£	£
Trade debtors	14,414	22,284
Amounts owed by group undertakings	20,463	10,289
Amounts owed by other related entities	803,510	853,510
Other debtors	87,332	117,399
	--------	-----------
	925,719	1,003,482
	--------	-----------

The debtors above include the following amounts falling due after more than one year:

	29 Dec 24	31 Dec 23
	£	£
Other debtors	13,397	10,979
	-------	-------

8. Creditors: amounts falling due within one year

	29 Dec 24	31 Dec 23
	£	£
Trade creditors	89,402	124,629
Amounts owed to group undertakings	200	200
Corporation tax	20,498	1,864
Social security and other taxes	129,025	118,280
Other creditors	275,747	316,926
	--------	--------
	514,872	561,899
	--------	--------

9. Called up share capital

Issued, called up and fully paid

	29 Dec 24		31 Dec 23
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	29 Dec 24	31 Dec 23
	£	£
Not later than 1 year	37,750	22,750
Later than 1 year and not later than 5 years	157,885	95,368
Later than 5 years	351,396	338,637
	--------	--------
	547,031	456,755
	--------	--------

11. Controlling party

The immediate and ultimate parent company is Hanley Holdco Limited, a company incorporated in England and Wales. The ultimate controlling party is the director, M S Grewal .