REGISTERED NUMBER: 11056052 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Heap Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Heap

Mrs L Heap

SECRETARIES:

Mr J Heap

Mrs L Heap

REGISTERED OFFICE:

295/297 Church Street

Blackpool

Lancashire

FY1 3PJ

REGISTERED NUMBER:

11056052 (England and Wales)

ACCOUNTANTS:

CCW Limited

Chartered Accountants

295/297 Church Street

Blackpool

Lancashire

FY1 3PJ

FIXED ASSETS

Tangible assets

4

34,759

45,729

Investment property

5

4,440,407

4,160,105

4,475,166

4,205,834

CURRENT ASSETS

Debtors

6

21,267

13,678

Cash at bank

12,591

6,676

33,858

20,354

CREDITORS

Amounts falling due within one year

7

284,939

178,083

NET CURRENT LIABILITIES

(251,081

)

(157,729

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,224,085

4,048,105

CREDITORS

Amounts falling due after more than one year

8

(4,211,502

)

(4,035,980

)

PROVISIONS FOR LIABILITIES

(9,925

)

(10,966

)

NET ASSETS

2,658

1,159

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

2,638

1,139

SHAREHOLDERS' FUNDS

2,658

1,159

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

Mr J Heap - Director

Mrs L Heap - Director

1.	STATUTORY INFORMATION

Heap Properties 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax

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.

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 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2024

10,591

62,549

73,140

Additions

615

-

615

At 31 March 2025

11,206

62,549

73,755

DEPRECIATION

At 1 April 2024

7,144

20,267

27,411

Charge for year

1,015

10,570

11,585

At 31 March 2025

8,159

30,837

38,996

NET BOOK VALUE

At 31 March 2025

3,047

31,712

34,759

At 31 March 2024

3,447

42,282

45,729

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

4,160,105

Additions

280,302

At 31 March 2025

4,440,407

NET BOOK VALUE

At 31 March 2025

4,440,407

At 31 March 2024

4,160,105

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

21,267

13,678

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,124

10,268

Other loans

94,480

-

Hire purchase contracts

4,669

5,072

Tax

7,095

3

Social security and other taxes

3,644

2,976

Directors' loan accounts

159,287

154,014

Accrued expenses

5,640

5,750

284,939

178,083

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

1,542

10,507

Bank loans - 2-5 years

-

891

Other loans - 1-2 years

51,130

-

Other loans more 5yrs non-inst

2,391,678

2,252,761

Hire purchase contracts

17,152

21,821

Director's loan account

1,750,000

1,750,000

4,211,502

4,035,980

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

2,391,678

2,252,761