Heyes Property Ltd

Registered Number: 12579861 Heyes Property Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	21,269	28,420
Investment properties	4	1,045,000	1,235,000
		1,066,269	1,263,420
Current assets
Debtors		183,424	273,359
Cash at bank and in hand		126,871	146,423
		310,295	419,782
Creditors: amount falling due within one year		(36,584)	(30,924)
Net current assets		273,711	388,858

Total assets less current liabilities		1,339,980	1,652,278
Creditors: amount falling due after more than one year		(404,158)	(628,100)
Provisions for liabilities		(40,850)	(66,370)
Net assets		894,972	957,808

Capital and reserves
Called up share capital	5	200	200
Share premium account		759,000	759,000
Revaluation Reserve		174,150	-
Profit and loss account		(38,378)	198,608
Shareholders' funds		894,972	957,808

For the year ended 31 March 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The directors of the company have elected not to include the Income Statement within the financial statements.

The financial statements were approved by the board of directors on 08 December 2025 and were signed on its behalf by:

-------------------------------
R M Heyes
Director

Heyes Property Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

Heyes Property Ltd is a private company limited by shares and is incorporated in England and Wales. The address of the registered office is C/O Bluewater, Quadrant Court, 49 Calthorpe Road, Birmingham, B15 1TH. The nature of the company's operations and its principal activity was that of property investment.

Accounting policies

Significant accounting policies

The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to 31 March each year, and are stated in pound sterling, the company's functional and presentational currency.

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

Turnover

Turnover comprises rental income receivable during the period.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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. Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	25% Reducing Balance
Computer Equipment	33% Straight Line

Investment properties

Investment properties are measured at fair value annually with any change recognised in the profit and loss account. Unrealised gains or losses (net of related deferred tax) are transferred from retained earnings to a separate revaluation reserve.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Employees and Directors' Average number of employees during the year was 3 (2024 : 3).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Computer Equipment	Total
	£	£	£
At 01 April 2024	60,838	319	61,157
Additions	-	-	-
Disposals	-	-	-
At 31 March 2025	60,838	319	61,157
Depreciation
At 01 April 2024	32,479	258	32,737
Charge for year	7,090	61	7,151
On disposals	-	-	-
At 31 March 2025	39,569	319	39,888
Net book values
Closing balance as at 31 March 2025	21,269	-	21,269
Opening balance as at 01 April 2024	28,359	61	28,420

Investment properties

Cost	Other investments other than loans	Total
	£	£
At 01 April 2024	1,235,000	1,235,000
Additions	-	-
Disposals	(190,000)	(190,000)
At 31 March 2025	1,045,000	1,045,000

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
10,000 Ordinary shares of £0.01 each	100	100
10,000 A Ordinary shares of £0.01 each	100	100
	200	200

Advances and Credits

Directors Loan Account
The following advances to the Director subsisted during the year ended 31/03/2025 and 31/03/2024, the outstanding loan is unsecured, repayable on demand.

Current year (2025)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Directors Loan Account	140,480		(2,662)		-		-		-		-		137,818
	140480		-2662		0		0		0		0		137818

Previous year (2024)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Directors Loan Account	140,480		-		-		-		-		-		140,480
	140480		0		0		0		0		0		140480

Registered Number: 12579861
England and Wales
Abridged Accounts

for the year ended 31 March 2025
for
HEYES PROPERTY LTD