Company registration number 02129242 (England and Wales)
GREAT HEATHMEADS RESIDENTS ASSOCIATION LIMITED
(COMPANY LIMITED BY GUARANTEE)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
GREAT HEATHMEADS RESIDENTS ASSOCIATION LIMITED
CONTENTS
Page
Company information
1
Directors' report
2
Statement of comprehensive income
3
Balance sheet
4
Notes to the financial statements
5 - 9
GREAT HEATHMEADS RESIDENTS ASSOCIATION LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr R Chitty
Mr A J Clark
Mr P R Haycock
Mrs A Szajdzicki
Company number
02129242
Registered office
The Gatehouse
Great Heathmead
Haywards Heath
West Sussex
RH16 1FH
Auditor
TC Group
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
GREAT HEATHMEADS RESIDENTS ASSOCIATION LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -

The directors present their annual report and financial statements for the year ended 30 September 2025.

Principal activities

The principal activity of the company is to manage the property known as Great Heathmead, Haywards Heath on a non profit basis. The company collects ground rent as freeholder. The company acts as a trustee in respect of service charge monies collected in connection with the above property. Details of services charge monies have been excluded from the accounts as the company acts only in a trustee capacity in this connection. Separate service charge accounts are prepared and certified.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr R Chitty
Mr A J Clark
Mr P R Haycock
Mrs A Szajdzicki
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr R Chitty
Mrs A Szajdzicki
Director
Director
12 February 2026
GREAT HEATHMEADS RESIDENTS ASSOCIATION LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
2025
2024
£
£
Deficit for the year
(25,004)
(188,970)
Other comprehensive income
-
-
Total comprehensive income for the year
(25,004)
(188,970)
GREAT HEATHMEADS RESIDENTS ASSOCIATION LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
5
1,265,000
1,265,000
Current assets
Debtors
6
74,007
77,594
Cash at bank and in hand
78,458
90,976
152,465
168,570
Creditors: amounts falling due within one year
7
(85,892)
(76,993)
Net current assets
66,573
91,577
Total assets less current liabilities
1,331,573
1,356,577
Provisions for liabilities
Deferred tax liability
8
292,117
292,117
(292,117)
(292,117)
Net assets
1,039,456
1,064,460
Reserves
Profit and loss account
1,039,456
1,064,460
1,039,456
1,064,460

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

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 February 2026 and are signed on its behalf by:
Mr R Chitty
Mrs A Szajdzicki
Director
Director
Company registration number 02129242 (England and Wales)
GREAT HEATHMEADS RESIDENTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
1
Accounting policies
Company information

Great Heathmeads Residents Association Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Great Heathmead Gatehouse, Great Heathmead, Haywards Heath, West Sussex, RH16 1FH.

1.1
Accounting convention

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.

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

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

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

Expenses include VAT where applicable as the company cannot reclaim it.

1.4
Investment property

Investment property is carried at fair value determined periodically by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the

1.5
Cash and cash equivalents

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.

GREAT HEATHMEADS RESIDENTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 6 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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

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.

Classification of financial liabilities

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

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 paymen ts 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. A m ounts 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.

1.7
Taxation

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

GREAT HEATHMEADS RESIDENTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 7 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Property valuation

Key judgements and estimates are adopted as part of the valuation process which give rise to a level of uncertainty. Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

3
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
1,555
1,800
4
Employees

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

2025
2024
Number
Number
Total
0
0
GREAT HEATHMEADS RESIDENTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 8 -
5
Investment property
2025
£
Fair value
At 1 October 2024 and 30 September 2025
1,265,000

The property was formally valued on 26th November 2024 by Gould Baxter, Chartered Surveyors, on an open market value for existing use basis. The directors do not believe there to be a material change in the value of the investment property for the year ended 30 September 2025.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
62,887
62,887
Accumulated depreciation
(28,305)
(27,047)
Carrying amount
34,582
35,840
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Service charges due
27,817
37,343
Prepayments and accrued income
46,190
40,251
74,007
77,594
7
Creditors: amounts falling due within one year
2025
2024
£
£
Payments received on account
77,213
71,245
Other creditors
6,789
3,403
Accruals and deferred income
1,890
2,345
85,892
76,993
GREAT HEATHMEADS RESIDENTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 9 -
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Revaluations
292,117
292,117
There were no deferred tax movements in the year.
9
Audit report information

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 was unqualified.

Senior Statutory Auditor:
Sarah Johnson
Statutory Auditor:
TC Group
Date of audit report:
12 February 2026
10
Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

2025-09-30 2024-10-01 false false false 12 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr R Chitty Mr A J Clark Mr P R Haycock Mrs A Szajdzicki 02129242 2024-10-01 2025-09-30 02129242 bus:Director1 2024-10-01 2025-09-30 02129242 bus:Director2 2024-10-01 2025-09-30 02129242 bus:Director3 2024-10-01 2025-09-30 02129242 bus:Director4 2024-10-01 2025-09-30 02129242 bus:RegisteredOffice 2024-10-01 2025-09-30 02129242 2025-09-30 02129242 2023-10-01 2024-09-30 02129242 2024-09-30 02129242 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 02129242 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 02129242 core:CurrentFinancialInstruments 2025-09-30 02129242 core:CurrentFinancialInstruments 2024-09-30 02129242 core:RetainedEarningsAccumulatedLosses 2025-09-30 02129242 core:RetainedEarningsAccumulatedLosses 2024-09-30 02129242 2024-09-30 02129242 bus:CompanyLimitedByGuarantee 2024-10-01 2025-09-30 02129242 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 02129242 bus:FRS102 2024-10-01 2025-09-30 02129242 bus:Audited 2024-10-01 2025-09-30 02129242 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP