Heritage Gateway Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12429200

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		886,725		886,725

			886,725		886,725
CURRENT ASSETS
Cash at bank and in hand		43,685		20,193

		43,685		20,193
Creditors: Amounts Falling Due Within One Year	5	(5,761 )		(3,398 )

NET CURRENT ASSETS (LIABILITIES)			37,924		16,795

TOTAL ASSETS LESS CURRENT LIABILITIES			924,649		903,520

Creditors: Amounts Falling Due After More Than One Year	6		(844,468 )		(842,277 )

NET ASSETS			80,181		61,243

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			80,081		61,143

SHAREHOLDERS' FUNDS			80,181		61,243

Page 1

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Heritage Gateway Ltd

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 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

Mr Fehmi Ertun

Director

3 October 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Heritage Gateway Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12429200 . The registered office is 15 Kent Drive, Cockfosters, Barnet, EN4 0AP.

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. 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.

2.3. Investment Properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised

at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured

at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss

account. Revaluations are carried out by the director, who have experience in the location and class of the

investment property being valued.

2.4. Taxation

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Investment Property

	2025
	£
Fair Value
As at 1 August 2024 and 31 July 2025	886,725

	2025	2024
	£	£
Cost	886,725	886,725

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	4,441	2,198
Accrued expenses	1,320	1,200

	5,761	3,398

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Heritage Gateway Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

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

	2025	2024
	£	£
Bank loans	692,540	692,544
Directors loan account	151,928	149,733

	844,468	842,277

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	692,540		692,544

7. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	692,540		692,544

8. Deferred Taxation

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.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Reserves

Directors loan account under creditors falling due after more than one year is an interest free loan made

available to the company. Mr Ertun and Mrs Ertun who are the directors and shareholders of the company, will

not seek repayment of this loan until the company is in a position to repay this loan without detriment to its

financial position

11. Related Party Transactions

Directors loan account under creditors falling due after more than one year is an interest free loan made

available to the company. Mr Ertun and Mrs Ertun who are the directors and shareholders of the company, will

not seek repayment of this loan until the company is in a position to repay this loan without detriment to its

financial position.

12. Ultimate Controlling Party

The company's ultimate controlling party is F Ertun by virtue of his ownership of 100% of the issued share capital in the company.

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