Registration number: 12717433

Heathfield (Parkgate) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Heathfield (Parkgate) Limited

Company Information

Director

K E Betts

Registered office

105 High Street Worcester WR1 2HW

Solicitors

HCR Legal LLP 105 High Street Worcester WR1 2HW

Bankers

Santander UK PLC 1st Floor 5 Market Place Derby DE1 3PY

Accountants

Hazlewoods LLP Windsor House Bayshill Road Cheltenham GL50 3AT

Heathfield (Parkgate) Limited

(Registration number: 12717433)
Balance Sheet as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	1,783,635	1,795,625
Current assets
Debtors	6	228,662	110,339
Cash at bank and in hand		63,735	49,972
		292,397	160,311
Creditors: Amounts falling due within one year	7	(436,761)	(350,005)
Net current liabilities		(144,364)	(189,694)
Total assets less current liabilities		1,639,271	1,605,931
Creditors: Amounts falling due after more than one year	7	-	(2,075,265)
Deferred tax liabilities		(30,338)	-
Net assets/(liabilities)		1,608,933	(469,334)
Capital and reserves
Called up share capital	9	165,500	1,000
Share premium reserve		1,480,500	-
Retained earnings		(37,067)	(470,334)
Shareholders' funds/(deficit)		1,608,933	(469,334)

For the financial year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 September 2026
 

K E Betts
Director

Heathfield (Parkgate) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
105 High Street
Worcester
WR1 2HW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements and estimation uncertainty

These financial statements do not contain any significant judgements or estimation uncertainty.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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.

Heathfield (Parkgate) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	1% straight line
Fixtures and fittings	20% straight line
Motor vehicles	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Preference shares are classified as equity where the Company has no contractual obligation to transfer cash or other financial assets to the holders of the shares.

Preference shares are recognised at the proceeds received, net of directly attributable issue costs. Dividends on preference shares classified as equity are recognised as distributions to shareholders and are charged directly to equity when declared. The preference shares are presented within shareholders' funds as a separate component of equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Heathfield (Parkgate) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
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 profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was as follows:

	2026  No.	2025  No.
Average number of employees	28	29

Heathfield (Parkgate) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

4

Taxation

Deferred tax

Deferred tax assets and liabilities

2026	Asset £	Liability £
Accelerated tax depreciation	-	30,708
Short term timing differences	370	-
	370	30,708

5

Tangible assets

	Land and buildings £	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2025	1,751,335	91,448	13,438	1,856,221
Additions	-	4,291	8,000	12,291
At 30 April 2026	1,751,335	95,739	21,438	1,868,512
Depreciation
At 1 May 2025	25,731	25,679	9,186	60,596
Charge for the year	10,059	10,712	3,510	24,281
At 30 April 2026	35,790	36,391	12,696	84,877
Carrying amount
At 30 April 2026	1,715,545	59,348	8,742	1,783,635
At 30 April 2025	1,725,604	65,769	4,252	1,795,625

6

Debtors

	2026 £	2025 £
Trade debtors	203,143	88,223
Prepayments	25,519	22,116
	228,662	110,339

Heathfield (Parkgate) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

7

Creditors

	Note	2026  £	2025  £
Due within one year
Loans and borrowings	8	22,700	20,954
Trade creditors		14,076	14,253
Amounts due to related parties		288,298	238,442
Social security and other taxes		27,627	15,150
Outstanding defined contribution pension costs		3,719	2,434
Other creditors		3,694	3,694
Accrued expenses		76,647	55,078
		436,761	350,005
Due after one year
Loans and borrowings	8	-	2,075,265

8

Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Other borrowings	22,700	20,954