HELIGAN GARDENS LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2 in the financial statements, which indicates that the company had net current liabilities of £1,866,247 at 28 February 2025 and the company breached loan covenants during the year, that have yet to be waived The company had a bank overdraft of £355,788 at 28 February 2025, along with bank borrowings and other borrowings of £1,418,513 that fall due for repayment within 12 months from the date of approval of the financial statements Whilst the directors consider that the covenant breaches will be waived and any necessary loan facilities will be renewed or replaced, these conditions, along with the other matters as set forth in note 2, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern Our opinion is not modified in respect of this matter

1. HELIGAN GARDENS LIMITED 1994-10-18 → present
2. THE HELIGAN MANOR GARDENS PROJECT LIMITED 1990-12-24 → 1994-10-18
3. VALUESTONE BUILDERS LIMITED 1990-11-12 → 1990-12-24

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2 in the financial statements, which indicates that the company had net current liabilities of £1,866,247 at 28 February 2025 and the company breached loan covenants during the year, that have yet to be waived The company had a bank overdraft of £355,788 at 28 February 2025, along with bank borrowings and other borrowings of £1,418,513 that fall due for repayment within 12 months from the date of approval of the financial statements Whilst the directors consider that the covenant breaches will be waived and any necessary loan facilities will be renewed or replaced, these conditions, along with the other matters as set forth in note 2, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern Our opinion is not modified in respect of this matter”

Significant events

• “Post year end has seen a number of new initiatives such as Homecoming Festival, A focus on Natural History, The completion of the Learning & Wellbeing Centre top floor...”
• “The building sold for £1m in November 2025”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -1.8%

  £7,446,870 → £7,315,015

• Cash

  +3.2%

  £11,438 → £11,809

• Net assets

  -35.3%

  £1,315,746 → £851,140

  lowest in 4 filed years

• Employees

  -1.3%

  153 → 151

• Operating profit

  -374.1%

  -£89,048 → -£422,163

• Profit before tax

  -146.4%

  -£211,453 → -£520,919

• Wages

  -1.9%

  £3,156,290 → £3,095,590

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers