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HELAND LIMITED - Company Information

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Heland Limited

Registered Number:03882366

For the year ended 30 November 2019

England and Wales

Unaudited Financial Statements

For the year ended 30 November 2019

Heland Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 30 November 2019

Heland Limited

Statement of Financial Position

Registered Number :

03882366

2018

2019

Notes

Fixed assets

Property, plant and equipment

1,100,263

1,100,351

1,100,263

1,100,351

Current assets

Trade and other receivables

19,958

19,647

Cash and cash equivalents

19,436

39,394

19,647

Trade and other payables: amounts falling due within one

year

(247,945)

(253,152)

(228,298)

(213,758)

Net current liabilities

Total assets less current liabilities

886,505

872,053

886,505

Net assets

872,053

Capital and reserves

Called up share capital

Revaluation reserve

665,375

Retained earnings

221,128

206,676

886,505

872,053

Shareholders' funds

For the year ended 30 November 2019 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 of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Helen Lucy Sawyer on behalf of Lucianne Sawyer Director

These financial statements were approved and authorised for issue by the Board on 25 August 2020 and were signed by:

The notes form part of these financial statements

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For the year ended 30 November 2019

Heland Limited

Notes to the Financial Statements

Statutory Information

Heland Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number

03882366.

Registered address:

Epic House

128 Fulwell Road

Teddington

Middlesex

TW11 0RQ

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

25% Reducing balance

Fixtures and fittings

Investment property

Investment properties are included in the balance sheet at their open market value at the balance sheet 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 financial statements 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.

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For the year ended 30 November 2019

Heland Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Fixtures and

fittings

Land and

buildings

Cost or

valuation

At 01 December 2018

1,109,890

9,890

1,100,000

At 30 November 2019

1,100,000

9,890

1,109,890

Provision for depreciation and impairment

At 01 December 2018

9,539

Charge for year

At 30 November 2019

9,627

At 30 November 2019

Net book value

1,100,000

263

1,100,263

At 30 November 2018

1,100,000

351

1,100,351

3. Trade and other receivables

2018

2019

Other debtors

19,958

4. Trade and other payables: amounts falling due within one year

2018

2019

Taxation and social security

8,302

3,096

Other creditors

244,850

244,849

253,152

247,945

5. Reserves

Total

Revaluation reserve at 01 December 2018

665,375

Revaluation reserve at 30 November 2019

6. Directors advances and guarantees

At the balance sheet date Mrs L Sawyer (Company Director) was owed £242,917 (2018 : £242,917). Ms Helen

Sawyer owed £15,063.

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For the year ended 30 November 2019

Heland Limited

Notes to the Financial Statements Continued

7. Average number of persons employed

During the year the average number of employees was 1 (2018 : 1)

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