HIGHWAY TRUST LIMITED

Company limited by guarantee

Company Registration Number:
00826993 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

HIGHWAY TRUST LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

HIGHWAY TRUST LIMITED

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

To further the Christian faith.To encourage Christian action and mission.To promote the cause of Christian Unity.To provide a unique Christian dimension to holidays and hospitality, and reach out to others through social action and mission, to the glory of God.



Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022

Rev David Crouchley
Colin Rawling
Ruth Briddock
David Wisdish
Heather Cameron
Irene Mckay
Helen Norman
Tim Boaden


Secretary Ruth Briddock

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 June 2023

And signed on behalf of the board by:
Name: Ruth Briddock
Status: Secretary

HIGHWAY TRUST LIMITED

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 450,909 389,651
Cost of sales: ( 424,197 ) ( 337,488 )
Gross profit(or loss): 26,712 52,163
Administrative expenses: ( 631 ) ( 379 )
Operating profit(or loss): 26,081 51,784
Interest payable and similar charges: ( 8,075 ) ( 8,421 )
Profit(or loss) before tax: 18,006 43,363
Profit(or loss) for the financial year: 18,006 43,363

HIGHWAY TRUST LIMITED

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 1,577,833 780,676
Total fixed assets: 1,577,833 780,676
Current assets
Stocks: 4 920 850
Debtors: 5 9,115 9,898
Cash at bank and in hand: 231,803 186,239
Total current assets: 241,838 196,987
Creditors: amounts falling due within one year: 6 ( 120,821 ) ( 100,580 )
Net current assets (liabilities): 121,017 96,407
Total assets less current liabilities: 1,698,850 877,083
Creditors: amounts falling due after more than one year: 7 ( 235,278 ) ( 242,746 )
Total net assets (liabilities): 1,463,572 634,337
Members' funds
Profit and loss account: 1,463,572 634,337
Total members' funds: 1,463,572 634,337

The notes form part of these financial statements

HIGHWAY TRUST LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act 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.

This report was approved by the board of directors on 15 June 2023
and signed on behalf of the board by:

Name: Rev David Crouchley
Status: Director

The notes form part of these financial statements

HIGHWAY TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Charges to guest, clients and participants represent charges for accommodation and related services excluding value added tax

    Tangible fixed assets depreciation policy

    Tangible assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs to acquisition. Depreciation is provided, after taking account of any grants receivable, at various annual rates in order to write off each asset over its estimated useful life. The land element of the freehold land and buildings is not depreciated. Freehold land and buildings are included in the accounts at valuation based on existing use.

HIGHWAY TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 15 15

HIGHWAY TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 794,670 50,614 90,562 4,634 940,480
Additions
Disposals
Revaluations 811,229 811,229
Transfers
At 31 December 2022 1,605,899 50,614 90,562 4,634 1,751,709
Depreciation
At 1 January 2022 49,453 34,558 71,534 4,259 159,804
Charge for year 6,447 2,793 4,757 75 14,072
On disposals
Other adjustments
At 31 December 2022 55,900 37,351 76,291 4,334 173,876
Net book value
At 31 December 2022 1,549,999 13,263 14,271 300 1,577,833
At 31 December 2021 745,217 16,056 19,028 375 780,676

HIGHWAY TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Stocks

2022 2021
£ £
Stocks 920 850
Total 920 850

HIGHWAY TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Debtors

2022 2021
£ £
Prepayments and accrued income 18 8,054
Other debtors 9,097 1,844
Total 9,115 9,898

HIGHWAY TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 9,979 16,570
Trade creditors 16,491 6,631
Taxation and social security 14,880 1,239
Accruals and deferred income 39,577 40,758
Other creditors 39,894 35,382
Total 120,821 100,580

HIGHWAY TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 235,278 242,746
Total 235,278 242,746