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

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 Companies Act 2006 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.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Heath Finance Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 31 & 32, 50 Churchill Square, Kings Hill, West Malling, Kent, ME19 4YU.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling (£), which is also the functional currency for the company.

This comprises interest income arising on balances subject to financing agreements with third parties and is calculated so as to produce a constant rate of return on amounts outstanding.

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The average monthly number of persons (including directors) employed by the company during the year was:

The company has entered into charges concerning the payment or discharge of all monies and liabilities covenanted to be paid or discharged by the company by way of first fixed charges over applicable book debts and other debts, by way of first fixed charges over any trade debtors of the company on which funds have been borrowed by the company and by way of a first floating charge all other the undertaking and assets of the company.

The company is related to Safeguard Insurance Services Limited ("Safeguard"), by virtue of common control. During the year, Safeguard raised shared service charges totaling £15,000 (2023: £8,300) to the company. At the year end the company was owed £43,264 to (2023: £32,050 owed from) Safeguard.

In addition, £7,000 was paid to S Johns (2023: £5,000) in respect of dividends declared and paid in the year.

The company is ultimately controlled by Mr S Johns.