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Company No: 09967695 (England and Wales)

# HEATHERSIDE PROPERTY LIMITED

### Unaudited Financial Statements
For the financial year ended 28 February 2026
Pages for filing with the registrar

HEATHERSIDE PROPERTY LIMITED

## Unaudited Financial Statements

For the financial year ended 28 February 2026

Contents

HEATHERSIDE PROPERTY LIMITED

## COMPANY INFORMATION

For the financial year ended 28 February 2026
HEATHERSIDE PROPERTY LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 28 February 2026

DIRECTORS | A A Green
| K P Green

REGISTERED OFFICE | 22 Wycombe End
| Beaconsfield
| HP9 1NB
| United Kingdom

COMPANY NUMBER | 09967695 (England and Wales)

ACCOUNTANT | S&W Partners (Thames Valley) Limited
| 22 Wycombe End
| Beaconsfield
| Buckinghamshire
| HP9 1NB

HEATHERSIDE PROPERTY LIMITED

## BALANCE SHEET

As at 28 February 2026
HEATHERSIDE PROPERTY LIMITED

## BALANCE SHEET (continued)

As at 28 February 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 25,549 |  | 35,923
|  | 25,549 |  | 35,923
Current assets |  |  |  |
Debtors | 4 | 45,559 |  | 120,356
Cash at bank and in hand |  | 2,758 |  | 3,868
|  | 48,317 |  | 124,224
Creditors: amounts falling due within one year | 5 | ( 260,186) |  | ( 394,883)
Net current liabilities |  | (211,869) |  | (270,659)
Total assets less current liabilities |  | (186,320) |  | (234,736)
Creditors: amounts falling due after more than one year | 6 | ( 9,450) |  | ( 5,884)
Provision for liabilities |  | ( 4,854) |  | 0
Net liabilities |  | ( 200,624) |  | ( 240,620)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 200 |  | 200
Profit and loss account |  | ( 200,824 ) |  | ( 240,820 )
Total shareholder's deficit |  | ( 200,624) |  | ( 240,620)

For the financial year ending 28 February 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year 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 financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Heatherside Property Limited (registered number: 09967695) were approved and authorised for issue by the Board of Directors on 29 July 2026. They were signed on its behalf by:

A A Green Director |

HEATHERSIDE PROPERTY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2026
HEATHERSIDE PROPERTY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Heatherside Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Wycombe End, Beaconsfield, HP9 1NB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Heatherside Property Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

##### Going concern

The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

##### Turnover

Turnover is measured at the fair value of the consideration received or receivable for the sale of developed properties.
Turnover is recognised on the day that legally binding contracts for the sales of land and property are exchanged.
Revenue from the sale of land and property is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

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 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.
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.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 March 2025 | 43,960 |  | 43,960
At 28 February 2026 | 43,960 |  | 43,960
Accumulated depreciation |  |  |
At 01 March 2025 | 8,037 |  | 8,037
Charge for the financial year | 10,374 |  | 10,374
At 28 February 2026 | 18,411 |  | 18,411
Net book value |  |  |
At 28 February 2026 | 25,549 |  | 25,549
At 28 February 2025 | 35,923 |  | 35,923

#### 4. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 0 |  | 3,976
Amounts owed by Group undertakings | 43,923 |  | 44,096
Other debtors | 1,636 |  | 72,284
| 45,559 |  | 120,356

#### 5. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Bank loans | 5,752 |  | 9,889
Trade creditors | 5,680 |  | 33,028
Taxation and social security | 507 |  | 2,485
Obligations under finance leases and hire purchase contracts (secured) | 4,050 |  | 0
Other creditors | 244,197 |  | 349,481
| 260,186 |  | 394,883

Obligations under hire purchase contracts are secured by fixed charges on the assets concerned.

#### 6. Creditors: amounts falling due after more than one year

| 2026 |  | 2025
| £ |  | £
Bank loans | 0 |  | 5,884
Obligations under finance leases and hire purchase contracts (secured) | 9,450 |  | 0
| 9,450 |  | 5,884

Obligations under hire purchase contracts are secured by fixed charges on the assets concerned.

#### 7. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
200 Ordinary shares of £ 1.00 each | 200 |  | 200

#### 8. Related party transactions

The Company has availed of the exemption provided in FRS 102 Section 33 Related Party Disclosures not to disclose transactions entered into with fellow group companies that are wholly owned within the group of companies of which the Company is a wholly owned member.
At the balance sheet date, the amount owed to the directors was £213,313 (2025: £346,583) by way of an interest free loan.