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Registration number: 04755363

The Bookshop on the Heath Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

The Bookshop on the Heath Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

The Bookshop on the Heath Limited

Company Information

Directors | Paul Watts Andrew Westbrook

Registered office | 74 Tranquil Vale Blackheath London SE3 0BW

Accountants | Field Sullivan Limited Chartered Accountants9 Hare & Billet Road Blackheath SE3 0RB

The Bookshop on the Heath Limited

(Registration number: 04755363)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 619 | 520
Current assets |  |  |
Stocks | 6 | 46,000 | 46,000
Debtors | 7 | 4,037 | 1,839
Cash at bank and in hand |  | 1,649 | 2,770
|  | 51,686 | 50,609
Creditors: Amounts falling due within one year | 8 | (35,121) | (17,595)
Net current assets |  | 16,565 | 33,014
Net assets |  | 17,184 | 33,534
Capital and reserves |  |  |
Called up share capital | 9 | 1,000 | 1,000
Retained earnings |  | 16,184 | 32,534
Shareholders' funds |  | 17,184 | 33,534

For the financial year ending 31 May 2025 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 November 2025 and signed on its behalf by:

......................................... Paul Watts Director

The Bookshop on the Heath Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
74 Tranquil Vale
Blackheath
London
SE3 0BW

These financial statements were authorised for issue by the Board on 4 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and income from book sales are recognised on dispatch of the book.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The Bookshop on the Heath Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 10% straight line
Office equipment | 25% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

The Bookshop on the Heath Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Trade creditors

Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 June 2024 | 30,000 | 30,000
At 31 May 2025 | 30,000 | 30,000
Amortisation
At 1 June 2024 | 30,000 | 30,000
At 31 May 2025 | 30,000 | 30,000
Carrying amount
At 31 May 2025 | - | -

The Bookshop on the Heath Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 June 2024 | 5,116 | 5,116
Additions | 314 | 314
Disposals | (1,710) | (1,710)
At 31 May 2025 | 3,720 | 3,720
Depreciation
At 1 June 2024 | 4,597 | 4,597
Charge for the year | 215 | 215
Eliminated on disposal | (1,711) | (1,711)
At 31 May 2025 | 3,101 | 3,101
Carrying amount
At 31 May 2025 | 619 | 619
At 31 May 2024 | 520 | 520

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 46,000 | 46,000

7 | Debtors

| 2025 £ | 2024 £
Prepayments | 2,352 | 1,750
Other debtors | 1,685 | 89
| 4,037 | 1,839

The Bookshop on the Heath Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Director's loan account | 10 | 33,226 | 15,775
Accruals and deferred income |  | 1,895 | 1,820
|  | 35,121 | 17,595

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1,000 | 1,000 | 1,000 | 1,000

10 | Related party transactions

Summary of transactions with other related parties

Ian Irvine (Previous director and shareholder)
Mr Irvine withdrew £19,550 (2024: £500) from the company. At the balance sheet date the company owed Mr Irvine £nil (2024: £15,775).
Paul Watts (Director and shareholder)
Mr Watts withdrew £500 from the company and introduced funds of £33,500. At the balance sheet date the amount due to the director was £30,169.
Andrew Westbrook (Director and shareholder)
Mr West introduced funds of £4,000. At the balance sheet date the amount due to the director was £3,056.
The Blackheath Society (a charity the directors are trustees of)
During the year Bookshop on the Heath Limited paid £550 in relation to Christmas cards. At the balance sheet date the amount due to the Blackheath Society was £nil.

The Bookshop on the Heath Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

11 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £1.00 per each Ordinary shares |  | - |  | 1,000