REGISTERED NUMBER: 13778265 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HEATHFIELD HOUSING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S G Vadukul

REGISTERED OFFICE:

Harpal House

14 Holyhead Road

Handsworth

Birmingham

West Midlands

B21 0LT

REGISTERED NUMBER:

13778265 (England and Wales)

FIXED ASSETS

Tangible assets

4

4,192

5,374

Investment property

5

400,000

-

404,192

5,374

CURRENT ASSETS

Stocks

6

1,390,460

1,760,692

Debtors

7

117,229

92,169

Cash at bank and in hand

1,810

572

1,509,499

1,853,433

CREDITORS

Amounts falling due within one year

8

1,515,904

1,412,852

NET CURRENT (LIABILITIES)/ASSETS

(6,405

)

440,581

TOTAL ASSETS LESS CURRENT LIABILITIES

397,787

445,955

CREDITORS

Amounts falling due after more than one year

9

548,193

548,193

NET LIABILITIES

(150,406

)

(102,238

)

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Retained earnings

12

(151,406

)

(103,238

)

SHAREHOLDERS' FUNDS

(150,406

)

(102,238

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 December 2025 and were signed by:

S G Vadukul - Director

1.	STATUTORY INFORMATION

Heathfield Housing 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.

Tangible fixed assets

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

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

8,000

1,165

9,165

Additions

-

216

216

At 31 December 2024

8,000

1,381

9,381

DEPRECIATION

At 1 January 2024

3,500

291

3,791

Charge for year

1,125

273

1,398

At 31 December 2024

4,625

564

5,189

NET BOOK VALUE

At 31 December 2024

3,375

817

4,192

At 31 December 2023

4,500

874

5,374

5.	INVESTMENT PROPERTY

Total

£

COST

Additions

400,000

At 31 December 2024

400,000

NET BOOK VALUE

At 31 December 2024

400,000

6.

STOCKS

31/12/24

31/12/23

£

£

Work-in-progress

1,390,460

1,760,692

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Amounts owed by participating interests

91,500

91,500

VAT

2,549

669

Prepayments

23,180

-

117,229

92,169

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

1,210

3,602

Amounts owed to participating interests

56,335

17,816

Other creditors

3,736

436,811

Tenant Rent Deposits Held

4,440

-

Directors' current accounts

1,449,533

954,023

Accrued expenses

650

600

1,515,904

1,412,852

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans (see note 10)

548,193

548,193

10.

LOANS

An analysis of the maturity of loans is given below:

31/12/24

31/12/23

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

548,193

548,193

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

12.

RESERVES

Retained

earnings

£

At 1 January 2024

(103,238

)

Deficit for the year

(48,168

)

At 31 December 2024

(151,406

)