HERON INVESTMENTS LIMITED - Accounts

HERON INVESTMENTS LIMITED - Accounts

HERON INVESTMENTS LIMITED - Company Information

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Registered Number: 03769283
England and Wales

 

 

 

HERON INVESTMENTS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2017

End date: 31 August 2018

HERON INVESTMENTS LIMITED
Contents Page
For the year ended 31 August 2018
Directors Lesley Deacon
Alexis Coles-Hendry
Registered Number 03769283
Registered Office TEASEL HOUSE 1 DUNVEGAN CLOSE
MANEA
MARCH
Cambridgeshire
PE15 0LU
Accountants A1 Abacus
Triquetra Lodge
6 Nightingale Walk
Manea
PE15 0GJ
Secretary Hamish Coles Hendry
1
The directors present their annual report and the financial statements for the year ended 31 August 2018.
Principal activities
Principal activity of the company during the financial year was of property investment.
Directors
The directors who served the company throughout the year were as follows:
Shares (%)
Lesley Deacon 33.40
Alexis Coles-Hendry 33.30

Statement of Directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
Each director who held office at the date of approval of this report confirms that: so far as the director is aware, there is no relevant audit information needed by the company’s auditor in connection with preparing their report of which the company's auditor is unaware; and the director has taken all the steps that they ought to have taken as a director in order to be aware of any relevant audit information and to establish that the company's auditor is aware of that information .

This report was approved by the board and signed on its behalf.


----------------------------------
Lesley Deacon
Director

Date approved: 28 May 2019
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 August 2018 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
A1 Abacus
31 August 2018



....................................................
A1 Abacus
Triquetra Lodge
6 Nightingale Walk
Manea
PE15 0GJ
28 May 2019
3
 
 		 Notes
 		 2018
£		   2017
£
Fixed assets      
Tangible fixed assets 2 220,000    195,864 
220,000    195,864 
Current assets      
Cash at bank and in hand 9,851    29,721 
Net current assets 9,851    29,721 
 
Total assets less current liabilities 229,851    225,585 
Creditors: amount falling due after more than one year 3 (241,000)   (241,000)
Net assets (11,149)   (15,415)
 

Capital and reserves 		     
Called up share capital 4 100    100 
Reserves 5 177,296    153,160 
Profit and loss account (188,545)   (168,675)
Shareholders funds (11,149)   (15,415)
 


For the year ended 31 August 2018 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 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 Part 15 of the Companies Act 2006. In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
Signed on behalf of the board of directors


--------------------------------
Lesley Deacon
Director

Date approved by the board: 28 May 2019
4
  Equity share capital   Revaluation reserve   Retained Earnings   Total
£ £ £ £
At 01 September 2016 100  153,160  (174,542) (21,282)
Profit for the year 5,867  5,867 
Total comprehensive income for the year -  -  5,867  5,867 
Total investments by and distributions to owners -  -  -  - 
At 31 August 2017 (as restated) 100  153,160  (168,675) (15,415)
At 01 September 2017 100  177,296  (168,675) 8,721 
Profit for the year (19,870) (19,870)
Total comprehensive income for the year -  -  (19,870) (19,870)
Total investments by and distributions to owners -  -  -  - 
At 31 August 2018 100  177,296  (188,545) (11,149)
5
General Information
HERON INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03769283, registration address TEASEL HOUSE 1 DUNVEGAN CLOSE, MANEA , MARCH, Cambridgeshire, PE15 0LU.
1.

Accounting Policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
These accounts have been prepared on the basis of a going concern on the assumption that the company will continue to receive financial support from its creditors and bankers.
Turnover
Turnover is derived from the renting of the freehold property of the company.
Dividends
The directors recommend that no dividend be paid on the ordinary share capital of the company for the year.
Investment properties
Investment properties are included in the statement of financial position at their open market value at the statement of financial position date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the statement of financial position to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2.

Tangible fixed assets

Cost Land and Buildings   Total
  £   £
At 01 September 2017 195,864    195,864 
Additions 24,136    24,136 
Disposals -    - 
At 31 August 2018 220,000    220,000 
Depreciation
At 01 September 2017 -    - 
Charge for year -    - 
On disposals -    - 
At 31 August 2018 -    - 
Net book values
Closing balance as at 31 August 2018 220,000    220,000 
Opening balance as at 01 September 2017 195,864    195,864 


3.

Creditors: amount falling due after more than one year

2018
£		   2017
£
Bank Loans & Overdrafts 241,000    241,000 
241,000    241,000 

4.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted
2018
£		   2017
£
100 Class A shares of £1.00 each 100    100 
100    100 

5.

Reserves

2018
£		   2017
£
Revaluation Reserve b/fwd 177,296    153,160 
177,296    153,160 

6