Heywards Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04061322 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Heywards Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D R Bannister

SECRETARY:

Mrs C Bannister

REGISTERED OFFICE:

"Valley Hill"

Widden Hill

Horton

Bristol

S Gloucestershire

BS37 6QT

REGISTERED NUMBER:

04061322 (England and Wales)

ACCOUNTANTS:

ARC & Co. Accountants Limited

Northfield House

Shurdington Road

Bentham

Cheltenham

Gloucestershire

GL51 4UA

FIXED ASSETS

Investment property

4

608,250

608,250

CURRENT ASSETS

Debtors

5

-

481

Cash at bank

1,813

1,016

1,813

1,497

CREDITORS

Amounts falling due within one year

6

81,826

85,014

NET CURRENT LIABILITIES

(80,013

)

(83,517

)

TOTAL ASSETS LESS CURRENT LIABILITIES

528,237

524,733

PROVISIONS FOR LIABILITIES

7

86,895

86,895

NET ASSETS

441,342

437,838

CAPITAL AND RESERVES

Called up share capital

8

5

5

Retained earnings

9

441,337

437,833

SHAREHOLDERS' FUNDS

441,342

437,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

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

The financial statements were approved by the director and authorised for issue on 26 March 2024 and were signed by:

Mr D R Bannister - Director

1.	STATUTORY INFORMATION

Heywards Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2022

and 30 June 2023

608,250

NET BOOK VALUE

At 30 June 2023

608,250

At 30 June 2022

608,250

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade debtors

-

481

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Social security and other taxes

-

11

Other creditors

71,980

75,480

Directors' current accounts

8,826

8,503

Accrued expenses

1,020

1,020

81,826

85,014

7.	PROVISIONS FOR LIABILITIES

30.6.23

30.6.22

£

£

Deferred tax

86,895

86,895

Deferred

tax

£

Balance at 1 July 2022

86,895

Balance at 30 June 2023

86,895

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.23

30.6.22

value:

£

£

5

Ordinary

£1

5

5

9.

RESERVES

Retained

earnings

£

At 1 July 2022

437,833

Profit for the year

3,504

At 30 June 2023

441,337

Retained earnings includes £370,445 of non-distributable reserves relating to the fair value revaluation of the investment properties.

10.	RELATED PARTY DISCLOSURES

During the year the director, Mr D R Bannister, made net deposits to his account of £323. The balance on his account at 30 June 2023 was £8,826 in credit (2022 - £8,503).

Mr Bannister is also a director and majority shareholder of The Owl Way Company Limited. During the year there were net loan transactions between Heywards Limited and that company of £3,500. The balance at 30 June 2023 was £71,980 in credit (2022 - £75,480) and is shown in other creditors. All transactions with that company were conducted at arms length and no interest has been charged.

11.	ULTIMATE CONTROLLING PARTY

Mr D R Bannister is the ultimate controlling party by virtue of his holding the majority of the company's issued share capital.