| Heskfield Properties Limited |
| Registered number: |
03873058 |
| Statement of Financial Position |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,000,000 |
|
|
1,000,000 |
|
| Current assets |
| Debtors |
4 |
|
286,359 |
|
|
280,932 |
| Cash at bank and in hand |
|
|
68,112 |
|
|
56,386 |
|
|
|
354,471 |
|
|
337,318 |
|
| Creditors: amounts falling due within one year |
5 |
|
(57,100) |
|
|
(49,504) |
|
| Net current assets |
|
|
|
297,371 |
|
|
287,814 |
|
| Total assets less current liabilities |
|
|
|
1,297,371 |
|
|
1,287,814 |
|
|
| Provisions for liabilities |
|
|
|
(171,472) |
|
|
(171,472) |
|
|
| Net assets |
|
|
|
1,125,899 |
|
|
1,116,342 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Fair value reserve |
6 |
|
|
514,416 |
|
|
514,416 |
| Profit and loss account |
|
|
|
611,481 |
|
|
601,924 |
|
| Shareholders' funds |
|
|
|
1,125,899 |
|
|
1,116,342 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Philip Austin |
| Director |
| Approved by the board on 23 September 2026 |
|
| Heskfield Properties Limited |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
|
|
|
Turnover |
|
Turnover represents rent receiveable on property letting. Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Investments |
|
Investment property is initially measured at cost, including transaction costs, and subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. No depreciation is provided in respect of investment property. Deferred tax is provided on fair value gains and losses at the rate expected to apply on sale of the property |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
|
| 2 |
Employees and directors |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of directors and persons employed by the company |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment property |
| £ |
|
Cost |
|
At 1 April 2025 |
1,000,000 |
|
At 31 March 2026 |
1,000,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2026 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
1,000,000 |
|
At 31 March 2025 |
1,000,000 |
|
|
|
|
|
|
|
|
|
|
|
Investment property: |
2026 |
|
2025 |
| £ |
£ |
|
Historical cost |
314,112 |
|
314,112 |
|
Cumulative fair value movements |
685,888 |
|
685,888 |
|
|
|
|
|
|
1,000,000 |
|
1,000,000 |
|
|
|
|
|
|
|
|
|
|
The investment property was valued on 31 March 2026 by the director who is of the opinion that there has been no material change in the property value since the last revaluation on 31 March 2023. |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Other debtors |
286,359 |
|
280,932 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Accruals |
1,920 |
|
1,830 |
|
Corporation tax |
16,684 |
|
14,775 |
|
Other taxes and social security costs |
- |
|
5,033 |
|
Other creditors |
38,496 |
|
27,866 |
|
|
|
|
|
|
57,100 |
|
49,504 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Fair value reserve |
2026 |
|
2025 |
| £ |
£ |
|
|
At 1 April 2025 |
514,416 |
|
514,416 |
|
|
At 31 March 2026 |
514,416 |
|
514,416 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Heskfield Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
269 Farnborough Road |
|
Farnborough |
|
Hampshire |
|
GU14 7LY |