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Registered number: 04325379
Heyford Wharf Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Leigh Park Accountancy Ltd
141 Leigh Park Road
Bradford on Avon
Wiltshire
BA15 1TQ
Heyford Wharf Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Heyford Wharf Limited
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 04325379

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 37,000 |  | 55,500
Tangible Assets | 5 |  | 231,202 |  | 229,099
|  |  | 268,202 |  | 284,599
CURRENT ASSETS
Stocks | 6 | 18,880 |  | 18,330 |
Debtors | 7 | 1,141,724 |  | 1,162,086 |
Cash at bank and in hand |  | 13,090 |  | 9,710 |
|  | 1,173,694 |  | 1,190,126 |
Creditors: Amounts Falling Due Within One Year | 8 | (522,363 ) |  | (239,152 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 651,331 |  | 950,974
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 919,533 |  | 1,235,573
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (22,363 ) |  | (31,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (1,727 ) |  | (3,049 )
NET ASSETS |  |  | 895,443 |  | 1,200,857
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100,000 |  | 100,000
Profit and Loss Account |  |  | 795,443 |  | 1,100,857
SHAREHOLDERS' FUNDS |  |  | 895,443 |  | 1,200,857

Page 1
Page 2
Heyford Wharf Limited
Balance Sheet (continued)
As At 31 January 2025
For the year ending 31 January 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Ms Caron Hunter Director
30/09/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Heyford Wharf Limited
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
Heyford Wharf Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04325379 . The registered office is Canal Wharf Station Road, Lower Heyford, Bicester, Oxfordshire, OX25 5PD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | Not depreciated
Plant & Machinery | 15% Straight Line
Motor Vehicles | 25% Straight Line
Computer Equipment | 15% Straight Line

Freehold building are considered to have a residual value above their carrying amount, thus no depreciation has been provided. The director undertake an annual impairment review.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and estimated sales value less costs to complete and sell after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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Heyford Wharf Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2024: 30)
35 30
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 February 2024 | 185,000
As at 31 January 2025 | 185,000
Amortisation
As at 1 February 2024 | 129,500
Provided during the period | 18,500
As at 31 January 2025 | 148,000
Net Book Value
As at 31 January 2025 | 37,000
As at 1 February 2024 | 55,500

Page 4
Page 5
Heyford Wharf Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
5. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Motor Vehicles | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 February 2024 | 213,056 | 108,913 | 77,981 | 5,258 | 405,208
Additions | 11,240 | 3,532 | - | - | 14,772
As at 31 January 2025 | 224,296 | 112,445 | 77,981 | 5,258 | 419,980
Depreciation
As at 1 February 2024 | - | 108,606 | 66,714 | 789 | 176,109
Provided during the period | - | 614 | 11,267 | 788 | 12,669
As at 31 January 2025 | - | 109,220 | 77,981 | 1,577 | 188,778
Net Book Value
As at 31 January 2025 | 224,296 | 3,225 | - | 3,681 | 231,202
As at 1 February 2024 | 213,056 | 307 | 11,267 | 4,469 | 229,099

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Materials | 18,880 |  | 18,330

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 23,743 |  | 13,491
Other debtors | 19,817 |  | 611
Amounts owed by related parties | 1,098,164 |  | 1,147,984
| 1,141,724 |  | 1,162,086

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 32,025 |  | 35,214
Bank loans and overdrafts | 20,234 |  | 12,470
Other creditors. | 425,393 |  | 154,758
Taxation and Social Security | 44,711 |  | 36,710
| 522,363 |  | 239,152

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank Loan | 22,363 |  | 31,667

Page 5
Page 6
Heyford Wharf Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100,000 |  | 100,000

11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 67,938 |  | 36,475
Later than one year and not later than five years | 359,814 |  | 13,425
| 427,752 |  | 49,900

Rental Lease agreement on Heyford, Thrupp and Bradford Wharf for operation of holiday boats. Rental lease agreement for Corpus Christi land adjacent to Heyford Wharf.
Page 6