Heathrow 1 Limited

Heathrow 1 Limited
Statement of Financial Position
As at 31 October 2025

	Notes	2025 £	2024 £
Current assets
Stocks		1,989,204	1,783,331
Debtors		17,743	5,372
Cash at bank and in hand		(2,285)	4,852
		2,004,662	1,793,555
Creditors: amount falling due within one year		(481,414)	(528,271)
Net current assets		1,523,248	1,265,284

Total assets less current liabilities		1,523,248	1,265,284
Creditors: amount falling due after more than one year		(971,455)	(645,208)
Net assets		551,793	620,076

Capital and reserves
Called up share capital	3	8,000	8,000
Capital Redemption Reserve		4,000	4,000
Profit and loss account		539,793	608,076
Shareholders' funds		551,793	620,076

For the year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 31 July 2026 and were signed on its behalf by:

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Naib Singh Sidhu
Director

Heathrow 1 Limited
Notes to the Abridged Financial Statements
For the year ended 31 October 2025

General Information

Heathrow 1 Limited is a private company, limited by shares, registered in England and Wales, registration number 08045956, registration address 15 Boston Gardens, London, W7 2AN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The company incurred a loss for the year, reflecting finance costs on borrowings which are expensed as incurred rather than capitalised, together with administrative overheads, during a period in which the company's properties held as stock remain under development and have not yet been sold. Net current assets and net assets remain positive.

The directors have reviewed the company's cash flow forecasts and the anticipated timing of completion and sale of the properties held as stock, which are expected to generate sufficient proceeds to discharge the company's liabilities as they fall due. The directors also confirm the continued financial support of the company's lenders and directors, including the directors' loan account disclosed in Note 7.

On this basis, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of not less than twelve months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents the invoiced value of goods and services supplied by the company during the year, net of Value Added Tax, trade discounts, and rebates.

Turnover from the sale of properties developed for sale is recognised when the significant risks and rewards of ownership have transferred to the buyer, which is normally on legal completion of the sale.

Where no properties were completed and sold during the year, no turnover is recognised, and the related costs remain carried forward within stocks (Note 4) until such time as the associated sale is recognised.

Property developed for sale

Completed properties and properties under construction for outright sale, are valued at the lower of cost and net realisable value and are shown as properties developed for sale under current assets. Cost comprises materials, direct labour and direct development overheads. Net realisable value is based on estimated sales price after allowing for all further costs of completion and disposal.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees 0 Average number of employees during the year was 0 (2024 : 0).

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
80 Class A shares of £100.00 each	8,000		8,000
	8,000		8,000

Registered Number: 08045956
England and Wales
HEATHROW 1 LIMITED

Abridged Accounts

Period of accounts Start date: 01 November 2024 End date: 31 October 2025