Company Registration No. NI609589 (Northern Ireland)
Heffron Estates Limited
Unaudited accounts
for the year ended 31 December 2025
Heffron Estates Limited
Statement of financial position
as at 31 December 2025
Investment property
1,105,000
1,105,000
Investments
125,150
125,150
Cash at bank and in hand
5,111
10,093
Creditors: amounts falling due within one year
(854,870)
(840,359)
Net current assets/(liabilities)
15,853
(244,922)
Total assets less current liabilities
1,246,003
985,228
Creditors: amounts falling due after more than one year
(821,520)
(554,064)
Net assets
424,483
431,164
Called up share capital
100
100
Profit and loss account
424,383
431,064
Shareholders' funds
424,483
431,164
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 July 2026 and were signed on its behalf by
Patrick Heffron
Director
Company Registration No. NI609589
Heffron Estates Limited
Notes to the Accounts
for the year ended 31 December 2025
Heffron Estates Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI609589. The registered office is 13 Main Street, Hillsborough, County Down, BT26 6AE, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Having reviewed the resources available the director believes that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in the preparation of its financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at fair value. Changes in fair value are recognised in the income statement.
Fixed asset investments are measured at cost less accumulated impairment.
Fair value at 1 January 2025
1,105,000
At 31 December 2025
1,105,000
Investment properties were revalued on 31 December 2024 on the basis of open market value.
The profit and loss account includes £348,137 of accumulated non-distributable reserves relating to fair value uplifts recognised on investment properties (2024: £348,137).
Heffron Estates Limited
Notes to the Accounts
for the year ended 31 December 2025
5
Investments
Other investments
Valuation at 1 January 2025
125,150
Valuation at 31 December 2025
125,150
Fixed asset investments is comprised of equity shareholdings in the following companies:
HBC Investments (23 Charlotte Road) Ltd (25%)
Neptune Moygashel Limited (50%)
Neptune Estates Limited (50%)
Neptune Property Developments (99 Queens Road) Limited (50%)
Amounts falling due within one year
Amounts due from group undertakings etc.
552,295
300,000
Other debtors
313,317
285,344
7
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
-
748,960
Loans from directors
849,824
80,121
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
821,520
554,064
Bank loans are secured by way of fixed and floating charge over the property and assets of the company.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Heffron Estates Limited
Notes to the Accounts
for the year ended 31 December 2025
10
Transactions with related parties
Included in debtors are amounts owed from connected companies of £552,295 (2024: £300,000). All amounts are unsecured, interest-free and repayable on demand.
Included in creditors are amounts owed to connected companies of £nil (2024: £748,960). All amounts are unsecured, interest-free and repayable on demand.
Loans from directors of £849,824 (2024: £80,121) which are unsecured and interest-free.
11
Average number of employees
During the year the average number of employees was 0 (2024: 0).