ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 08863902

HEATH BARN LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025


HEATH BARN LTD REGISTERED NUMBER:08863902

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		1,125,816		610,000
			1,125,816		610,000
Current assets
Debtors: amounts falling due within one year	5	3,456		3,396
Cash at bank and in hand		11,786		3,140
		15,242		6,536
Creditors: amounts falling due within one year	6	(1,306,694)		(625,807)
Net current liabilities			(1,291,452)		(619,271)
Total assets less current liabilities			(165,636)		(9,271)
Creditors: amounts falling due after more than one year	7		-		(184,197)

Net liabilities			(165,636)		(193,468)

Capital and reserves
Called up share capital	40	40
Profit and loss account	(165,676)	(193,508)
	(165,636)	(193,468)

Page 1


HEATH BARN LTD REGISTERED NUMBER:08863902

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 AUGUST 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................ Daniel Grocott	................................................ Jody Simon Murfit
Director	Director

Date: 27 May 2026

The notes on pages 3 to 6 form part of these financial statements.

Page 2


HEATH BARN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	General information

Heath Barn Ltd is a company limited by shares incorporated in England & Wales, registered number 08863902. The address of the registered office is Heath Barn, Norwich Road, Fakenham, Norfolk, NR21 8LZ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. The policies have been consistently applied to all years presented unless otherwise stated.

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 3


HEATH BARN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.6

Investment property

Investment property is carried at fair value determined annually by the directors 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 specific asset. If required, the directors will obtain external professional advice on the investment property valuation. No depreciation is provided. Changes in fair value are recognised in the Profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 4


HEATH BARN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 September 2024	610,000
	Additions at cost	515,816
	At 31 August 2025	1,125,816

The value of the freehold investment property comprises a valuation of £610,000 as per Fenn Wright on 20 August 2024, along with costs incurred to the 31 August 2025 on improvements to the site.

Debtors

					2025	2024
					£	£


Other debtors	2,560	2,560
Called up share capital not paid	10	10
Prepayments and accrued income	886	826
	3,456	3,396

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	-	20,649
Other loans	777,258	592,500
Trade creditors	-	215
Corporation tax	9,278	2,266
Other taxation and social security	2,992	1,677
Accruals and deferred income	517,166	8,500
	1,306,694	625,807

Page 5


HEATH BARN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	-	184,197
	-	184,197

Amounts falling due within one year
Bank loans	-	20,649
Other loans	777,258	592,500
	777,258	613,149
Amounts falling due 1-2 years
Bank loans	-	19,211
	-	19,211
Amounts falling due 2-5 years
Bank loans	-	35,029
	-	35,029
Amounts falling due after more than 5 years
Bank loans	-	129,958
	-	129,958
	777,258	797,347

9.	Post balance sheet events

On the 22 October 2025 the company became a wholly owned subsidiary of Grocott & Murfit Holdings Limited, and on the 15 December 2025 the completed investment properties were transferred to Grocott & Murfit Holdings Limited at a value of £1,200,000.

Page 6