These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Invest (NW) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2-4 Wigan Road, Hindley, Wigan, WN2 3BE.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company is reliant upon support from other group companies to be able to meet its debts as they fall due. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

The average monthly number of persons (including directors) employed by the company during the year was:

Staff costs were recharged to the company from HG Premier Lettings Limited (a fellow subsidiary of the group headed by Heaton 2014 Limited).

Other reserves represent the non distributable reserves arising from the transition to FRS 102, being the surplus on revaluation of investment property less the deferred tax arising on the gain.

Profit and loss reserves represent the profit in the year plus the portion of accumulated brought forward reserves which are distributable.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

The company has taken the exemption from disclosing transactions with group companies.

Riverstone Limited

J Heaton is a director and a shareholder of Riverstone Limited.

An amount of £9,670 (2024 £Nil) was due from Riverstone Limited as at the year end, this amount is included in other debtors.

Heaton Group Holdings Limited

J Heaton is a director and a shareholder of Heaton Group Holdings Limited.

An amount of £24,105 (2024 £Nil) was due from Heaton Group Holdings Limited as at the year end, this amount is included in other debtors.

HG2 Private Investment Limited

J Heaton is a director and a shareholder of HG2 Private Investment Limited.

An amount of £15,309 (2024 £Nil) was due from HG2 Private Investment Limited as at the year end, this amount is included in other debtors.

HG12 Private Investment Limited

J Heaton is a director and a shareholder of HG12 Private Investment Limited.

An amount of £4,098 (2024 £Nil) was due from HG12 Private Investment Limited as at the year end, this amount is included in other debtors.

Heaton Investments 2025 Limited

J Heaton is a director and a shareholder of Heaton Investments 2025 Limited.

An amount of £9,049 (2024 £Nil) was due from Heaton Investments 2025 Limited as at the year end, this amount is included in other debtors.

MH Properties

MH Properties is a sole trader account owed by M and J Heaton.

An amount of £101 (2024 £Nil) was due from MH Properties as at the year end, this amount is included in other debtors.

AH Properties

AH Properties is a sole trader account owed by M and J Heaton.

An amount of £65 (2024 £Nil) was due from AH Properties as at the year end, this amount is included in other debtors.

The immediate parent company is Heaton 2014 Limited. Up until 25 March 2025 the ultimate parent company was Heaton 2014 Limited after this date it became Heaton 2025 Limited.

Heaton 2014 Limited is the largest and smallest group in which the company is a member and for which consolidated financial statements are prepared and publicly available. A copy of the group financial statements can be obtained from Heaton 2014 Limited, 2-4 Wigan Road, Hindley, Wigan, WN2 3BE.

The ultimate controlling party is J Heaton by virtue of his majority shareholding in Heaton 2025 Limited.