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REGISTERED NUMBER: 08199774 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

HIGHFIELD TRADING LIMITED

HIGHFIELD TRADING LIMITED (REGISTERED NUMBER: 08199774)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HIGHFIELD TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: J Soulsby
P J Soulsby





REGISTERED OFFICE: Unit 10 Peckfield Business Park
Phoenix Avenue
Leeds
West Yorkshire
LS25 4DY





REGISTERED NUMBER: 08199774 (England and Wales)





ACCOUNTANTS: Sedulo Leeds Limited
St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND

HIGHFIELD TRADING LIMITED (REGISTERED NUMBER: 08199774)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,917,916 1,382,638

CURRENT ASSETS
Cash at bank 16 16

CREDITORS
Amounts falling due within one year 5 165,341 158,994
NET CURRENT LIABILITIES (165,325 ) (158,978 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,752,591 1,223,660

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,752,491 1,223,560
SHAREHOLDERS' FUNDS 1,752,591 1,223,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





J Soulsby - Director


HIGHFIELD TRADING LIMITED (REGISTERED NUMBER: 08199774)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Highfield Trading 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.

The principal activity of the company is the retail of building and construction products through its membership of CID Products LLP

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.

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

At the time of signing these accounts the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

Investments in associates
Normal accounting practice under 'FRS102 The Financial Reporting Standard applicable in the UK and Republic of ireland' would be to account for the company's interest in CID Products LLP as a fixed asset investment at either cost less impairment, or market value. However, the directors consider that in order to show a true and fair view the company's share of the results of CID Products LLP should be accounted for in the profit and loss account and the movement change in the company's share of the net assets of CID Products LLP be accounted for as a movement in the cost of investment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIGHFIELD TRADING LIMITED (REGISTERED NUMBER: 08199774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2022 1,382,638
Additions 535,278
At 31 December 2022 1,917,916
NET BOOK VALUE
At 31 December 2022 1,917,916
At 31 December 2021 1,382,638

Additions represents the movement in the company's share of net assets of the associate during the year. The closing cost of investment represents the company's share of net assets of the associate at the balance sheet date.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Taxation and social security 151,531 112,849
Other creditors 13,810 46,145
165,341 158,994

6. RELATED PARTY DISCLOSURES

Included in other creditors is a balance owing to the directors of £Nil (2021: £32,413).

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Soulsby and Mrs P J Soulsby.