HERONSLEA (CAMLET) LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09283684

HERONSLEA (CAMLET) LIMITED

Filleted Unaudited Financial Statements

31 October 2024

HERONSLEA (CAMLET) LIMITED

Statement of Financial Position

31 October 2024

	2024	2023
Note	£	£

Current assets

Stocks		5,575,000	7,915,000
Debtors	5	298,479	332,477
Cash at bank and in hand		285	140
		------------	------------
		5,873,764	8,247,617

Creditors: amounts falling due within one year	6	472,147	508,210
		------------	------------
Net current assets		5,401,617	7,739,407
		------------	------------
Total assets less current liabilities		5,401,617	7,739,407

Creditors: amounts falling due after more than one year	7	5,834,508	10,097,174
		------------	-------------
Net liabilities		( 432,891)	( 2,357,767)
		------------	-------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 432,991)	( 2,357,867)
	---------	------------
Shareholders deficit	( 432,891)	( 2,357,767)
	---------	------------

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 income and retained earnings has not been delivered.

For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HERONSLEA (CAMLET) LIMITED

Statement of Financial Position (continued)

31 October 2024

These financial statements were approved by the board of directors and authorised for issue on 1 September 2025 , and are signed on behalf of the board by:

Mr. Jason Marc Rishover
Director

Company registration number: 09283684

HERONSLEA (CAMLET) LIMITED

Notes to the Financial Statements

Year ended 31 October 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 Psb Accountants Ltd, Jubilee House, Townsend Lane,, Kingsbury, London, NW9 8TZ, United Kingdom.

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, 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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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

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 are 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Debtors

	2024	2023
	£	£
Trade debtors	17,591	13,578
Other debtors	280,888	318,899
	---------	---------
	298,479	332,477
	---------	---------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	12,727	3,182
Trade creditors	62,804	6,624
Corporation tax	100	–
Other creditors	396,516	498,404
	---------	---------
	472,147	508,210
	---------	---------

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

	2024	2023
	£	£
Bank loans and overdrafts	5,231,362	5,242,869
Rishco Loan	122,529	4,354,119
Other creditors	480,617	500,186
	------------	-------------
	5,834,508	10,097,174
	------------	-------------

8. Director's advances, credits and guarantees

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

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr. Jason Marc Rishover	( 500,186)	19,569	( 480,617)
	---------	--------	---------

	2023
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr. Jason Marc Rishover	( 556,876)	56,690	( 500,186)
	---------	--------	---------

9. Related party transactions

At the balance sheet date, the company was owed by/ (owed to) the following entities which are controlled by JM Rishover.

Heronslea (Arkley) Limited			–	1,100

Heronslea LBL Limited			–	1,000

Linconsfield (Bushey 4 ) Limited			–	23,000

Heronslea Limited			–	44,621

It's All Good Marketing Limited			84,460	84,460

Heronslea (Grenville Place) Limited			104,974	104,974

Heronslea (Beechwood) Limited			58,680	58,680

Heronslea (Elstree) Limited			(6,350)	(6,350)

Rishco (Freeholds) Limited			(7,491)	(1,500)

Heronslea (Hampstead) Limited			8,500	(17,000)

Heronslea Group Limited			–	(23,170)

Heronslea (Freeholds) Limited			–	(7,745)

Heronslea (Watford Road) Limited			(152,337)	(152,337)

Rishco Leisure Limited			–	(12,000)

Heronslea (Claybury) Limited			(15,120)	–

Heronslea (Bushey 3) Ltd			600	–

Rishco Limited			(122,529)	(4,354,119)

Heronslea (Caldecote) Ltd			(5,500)	–

	---------	------------
Total of above	(52,113)	(4,256,386)
	---------	------------

Following is the loan owed to Rischo Limited, repayable after more than one year and are interest free.

10. Reclassification of balances

During the current financial year, balances previously classified as "Amounts Owed to/by Group Undertakings" have been reclassified to "Other Debtors/Other Creditors." This reclassification was made to better reflect the nature of the amounts.