Heron House Killearn Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC246908

Heron House Killearn Ltd

Filleted Unaudited Financial Statements

31 March 2026

Heron House Killearn Ltd

Financial Statements

Year ended 31 March 2026

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Heron House Killearn Ltd

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	6	232	309
Investments	7	252,814	–
		---------	----
		253,046	309

Current assets

Debtors	8	150,505	49,000
Cash at bank and in hand		42,416	219,475
		---------	---------
		192,921	268,475

Creditors: amounts falling due within one year	9	163,418		28,327
		---------		---------
Net current assets			29,503	240,148
			---------	---------
Total assets less current liabilities			282,549	240,457

Creditors: amounts falling due after more than one year	10	2,171	14,101
		---------	---------
Net assets		280,378	226,356
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	280,278	226,256
	---------	---------
Shareholders funds	280,378	226,356
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 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 financial statements for the year in question in accordance with section 476 ;

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

Heron House Killearn Ltd

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 13 August 2026 , and are signed on behalf of the board by:

Mr G Heron

Director

Company registration number: SC246908

Heron House Killearn Ltd

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Heron House Killearn, Beech Drive, Killearn, Glasgow, G63 9SD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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 investment 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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	15% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixture and Fittings	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Office Equipment	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2025: 12 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	275,000
	---------
Amortisation
At 1 April 2025 and 31 March 2026	275,000
	---------
Carrying amount
At 31 March 2026	–
	---------
At 31 March 2025	–
	---------

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2025 and 31 March 2026	2,539	5,397	7,936
	-------	-------	-------
Depreciation
At 1 April 2025	2,230	5,397	7,627
Charge for the year	77	–	77
	-------	-------	-------
At 31 March 2026	2,307	5,397	7,704
	-------	-------	-------
Carrying amount
At 31 March 2026	232	–	232
	-------	-------	-------
At 31 March 2025	309	–	309
	-------	-------	-------

7. Investments

	Other investments other than loans
	£
Cost
At 1 April 2025	–
Additions	252,814
	---------
At 31 March 2026	252,814
	---------
Impairment
At 1 April 2025 and 31 March 2026	–
	---------

Carrying amount
At 31 March 2026	252,814
	---------
At 31 March 2025	–
	---------

8. Debtors

	2026	2025
	£	£
Other debtors	150,505	49,000
	---------	--------

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	6,712	1,329
Corporation tax	21,719	5,057
Social security and other taxes	3,949	3,184
Other creditors	131,038	18,757
	---------	--------
	163,418	28,327
	---------	--------

10. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	2,171	12,369
Other creditors	–	1,732
	-------	--------
	2,171	14,101
	-------	--------

11. Directors' advances, credits and guarantees

At 31 March 2026 there was a balance of £57,646 due to the company (2025: balance due from the company of £1,732) to Mr & Mrs Heron. This loan is interest free and has no fixed date for repayment.

12. Related party transactions

As at 31 March 2026 the company was due £49,000 from Heron House Crookston (2025: £49,000), a partnership, in which Mr & Mrs Heron, Directors, are partners.

13. Controlling party

The company was under the control of Mr & Mrs G Heron throughout the current and previous year.