REGISTERED NUMBER: 03508110 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE HERITAGE NETWORK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs H M Ashworth

Mr D J Hillelson

SECRETARY:

Mrs H M Ashworth

REGISTERED OFFICE:

11 Furmston Court

Icknield Way

Letchworth Garden City

Hertfordshire

SG6 1UJ

REGISTERED NUMBER:

03508110 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Tangible assets

4

155,799

155,948

CURRENT ASSETS

Debtors

5

4,987

33,705

Cash at bank and in hand

110,268

93,368

115,255

127,073

CREDITORS

Amounts falling due within one year

6

61,922

102,669

NET CURRENT ASSETS

53,333

24,404

TOTAL ASSETS LESS CURRENT LIABILITIES

209,132

180,352

CREDITORS

Amounts falling due after more than one year

7

160,000

160,000

NET ASSETS

49,132

20,352

CAPITAL AND RESERVES

Called up share capital

8

155,000

155,000

Retained earnings

(105,868

)

(134,648

)

SHAREHOLDERS' FUNDS

49,132

20,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

Mr D J Hillelson - Director

1.	STATUTORY INFORMATION

The Heritage Network Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Turnover

Turnover includes amounts receivable for work done, excluding value added tax.

In respect of long-term contracts, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts is recognised by reference to the stage of completion

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

The land and buildings comprise long leasehold property. The property is being depreciated to its estimated residual value over its deemed useful economic life. The directors believe the residual value to be at least the current carrying value in these accounts and therefore depreciation would be negligible. The maintenance costs are charged to the profit and loss account in the year incurred.The directors review the estimated residual value at the end of each accounting period.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Land and

Motor

Computer

buildings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

155,649

6,964

7,593

170,206

Disposals

-

-

(5,466

)

(5,466

)

At 31 March 2025

155,649

6,964

2,127

164,740

DEPRECIATION

At 1 April 2024

-

6,964

7,294

14,258

Charge for year

-

-

149

149

Eliminated on disposal

-

-

(5,466

)

(5,466

)

At 31 March 2025

-

6,964

1,977

8,941

NET BOOK VALUE

At 31 March 2025

155,649

-

150

155,799

At 31 March 2024

155,649

-

299

155,948

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,240

23,645

Amounts recoverable on contract

1,550

8,700

Other debtors

1,197

1,360

4,987

33,705

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Payments on account

44,960

72,860

Trade creditors

1,068

2,129

Taxation and social security

5,055

16,872

Other creditors

10,839

10,808

61,922

102,669

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

160,000

160,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

155,000

Ordinary

£1

155,000

155,000