THE HIGHBURY VALE 2 LIMITED

Company Registration Number:
13664254 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2022

Period of accounts

Start date: 06 October 2021

End date: 31 August 2022

THE HIGHBURY VALE 2 LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2022

Balance sheet
Notes

THE HIGHBURY VALE 2 LIMITED

Balance sheet

As at 31 August 2022


Notes
11 months to 31 August 2022


£
Fixed assets
Tangible assets: 3 526,145
Total fixed assets: 526,145
Current assets
Stocks: 38,200
Debtors:   8,463
Cash at bank and in hand: 3,102
Total current assets: 49,765
Creditors: amounts falling due within one year: 4 (259,472)
Net current assets (liabilities): (209,707)
Total assets less current liabilities: 316,438
Creditors: amounts falling due after more than one year: 5 (313,801)
Total net assets (liabilities): 2,637
Capital and reserves
Called up share capital: 100
Profit and loss account: 2,537
Shareholders funds: 2,637

The notes form part of these financial statements

THE HIGHBURY VALE 2 LIMITED

Balance sheet statements

For the year ending 31 August 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2023
and signed on behalf of the board by:

Name: Prathapan Shankar
Status: Director

The notes form part of these financial statements

THE HIGHBURY VALE 2 LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Leasehold property over lease term, Fixtures and fittings 20% reducing balance

Valuation and information policy

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

THE HIGHBURY VALE 2 LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

2. Employees

11 months to 31 August 2022
Average number of employees during the period 10

THE HIGHBURY VALE 2 LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

3. Tangible Assets

Total
Cost £
Additions 531,116
At 31 August 2022 531,116
Depreciation
Charge for year 4,971
At 31 August 2022 4,971
Net book value
At 31 August 2022 526,145

THE HIGHBURY VALE 2 LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

4. Creditors: amounts falling due within one year note

Creditors due within one year amounts to £259,472 at the balance sheet date.

THE HIGHBURY VALE 2 LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

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

Long term bank loan of £313,801 at the balance sheet date.

THE HIGHBURY VALE 2 LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

6. Related party transactions

Name of the related party: Prathapan Shankar
Relationship:
Director
Description of the Transaction: The company owed money to the director
£
Balance at 31 August 2022 72,707
Name of the related party: Dharsan Premkumar
Relationship:
Director
Description of the Transaction: The company owed money to the director
£
Balance at 31 August 2022 72,707