REGISTERED NUMBER: 15015715 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

HEEL REAL ESTATE LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

450,000

450,000

CURRENT ASSETS

Debtors

5

100

100

Cash at bank

40,729

22,775

40,829

22,875

CREDITORS

Amounts falling due within one year

6

422,707

403,555

NET CURRENT LIABILITIES

(381,878

)

(380,680

)

TOTAL ASSETS LESS CURRENT LIABILITIES

68,122

69,320

PROVISIONS FOR LIABILITIES

9,484

9,711

NET ASSETS

58,638

59,609

CAPITAL AND RESERVES

Called up share capital

7

100

100

Fair value reserve

8

41,629

41,401

Retained earnings

16,909

18,108

SHAREHOLDERS' FUNDS

58,638

59,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2026 and were signed on its behalf by:

Mr Teunis Pasterkamp - Director

1.	STATUTORY INFORMATION

HEEL REAL ESTATE LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

15015715

Registered office:

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

450,000

NET BOOK VALUE

At 31 December 2025

450,000

At 31 December 2024

450,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2024

51,113

Cost

398,887

450,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

100

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Taxation and social security

-

4,355

Other creditors

422,707

399,200

422,707

403,555

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Fair

value

reserve

£

At 1 January 2025

41,401

Transfer to/from

228

At 31 December 2025

41,629

9.	RELATED PARTY DISCLOSURES

The company owes £371,925 (2024: £371,925) to Kpmi, Kramer Projectmanagement & Investments B.V., a company registered in Netherlands (Company registered number: 85026662), who is also a 67% shareholder of the company as at accounting year end date.

The company owes £27,275 (2024: £27,275) to Tepa Property Investment Ltd, a company registered in United Kingdom (Company registered number: 13352860), Mr Teunis Pasterkamp is also a director of this company as at accounting year end date.