IRIS Accounts Production v23.3.0.418 02128236 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021282362022-08-31021282362023-08-31021282362022-09-012023-08-31021282362021-08-31021282362021-09-012022-08-31021282362022-08-3102128236ns10:Originalns15:EnglandWales2022-09-012023-08-3102128236ns14:PoundSterlingns10:Original2022-09-012023-08-3102128236ns10:Originalns10:Director12022-09-012023-08-3102128236ns10:Original2022-09-012023-08-3102128236ns10:Original2023-08-3102128236ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-012023-08-3102128236ns10:Originalns10:SmallEntities2022-09-012023-08-3102128236ns10:Originalns10:AuditExemptWithAccountantsReport2022-09-012023-08-3102128236ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3102128236ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-012023-08-3102128236ns10:Originalns10:FullAccounts2022-09-012023-08-3102128236ns10:Originalns10:OrdinaryShareClass22022-09-012023-08-3102128236ns10:OrdinaryShareClass3ns10:Original2022-09-012023-08-3102128236ns10:Originalns10:Director22022-09-012023-08-3102128236ns10:CompanySecretary1ns10:Original2022-09-012023-08-3102128236ns10:Originalns10:RegisteredOffice2022-09-012023-08-3102128236ns10:Original2022-08-3102128236ns10:Originalns5:CurrentFinancialInstruments2023-08-3102128236ns10:Originalns5:CurrentFinancialInstruments2022-08-3102128236ns5:ShareCapitalns10:Original2023-08-3102128236ns5:ShareCapitalns10:Original2022-08-3102128236ns10:Originalns5:RevaluationReserve2023-08-3102128236ns10:Originalns5:RevaluationReserve2022-08-3102128236ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-3102128236ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-3102128236ns10:Originalns5:PlantMachinery2022-09-012023-08-3102128236ns10:Original2021-09-012022-08-3102128236ns10:Originalns5:LandBuildings2022-08-3102128236ns10:Originalns5:PlantMachinery2022-08-3102128236ns10:Original2022-08-3102128236ns10:Originalns5:LandBuildings2022-09-012023-08-3102128236ns10:Originalns5:LandBuildings2023-08-3102128236ns10:Originalns5:PlantMachinery2023-08-3102128236ns10:Originalns5:LandBuildings2022-08-3102128236ns10:Originalns5:PlantMachinery2022-08-3102128236ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3102128236ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3102128236ns10:Originalns10:OrdinaryShareClass22023-08-3102128236ns10:OrdinaryShareClass3ns10:Original2023-08-3102128236ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-3102128236ns10:Originalns5:RevaluationReserve2022-08-3102128236ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-012023-08-31
REGISTERED NUMBER: 02128236 (England and Wales)












HIGHSTOP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023






HIGHSTOP LIMITED (REGISTERED NUMBER: 02128236)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

HIGHSTOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTORS: G W B Cowan
G P Cowan





SECRETARY: G W B Cowan





REGISTERED OFFICE: 2 St Andrews Place
Lewes
East Sussex
BN7 1UP





REGISTERED NUMBER: 02128236 (England and Wales)





ACCOUNTANTS: Clark Brownscombe
Chartered Accountants
2 St Andrews Place
Lewes
East Sussex
BN7 1UP

HIGHSTOP LIMITED (REGISTERED NUMBER: 02128236)

BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,000,085 2,000,127

CURRENT ASSETS
Debtors 5 160 356
Cash at bank 131,317 424,561
131,477 424,917
CREDITORS
Amounts falling due within one year 6 414,693 730,646
NET CURRENT LIABILITIES (283,216 ) (305,729 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,716,869

1,694,398

PROVISIONS FOR LIABILITIES 84,863 64,197
NET ASSETS 1,632,006 1,630,201

CAPITAL AND RESERVES
Called up share capital 7 400,000 400,000
Revaluation reserve 8 255,487 275,908
Retained earnings 8 976,519 954,293
SHAREHOLDERS' FUNDS 1,632,006 1,630,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 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.

HIGHSTOP LIMITED (REGISTERED NUMBER: 02128236)

BALANCE SHEET - continued
31ST AUGUST 2023


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 10th October 2023 and were signed on its behalf by:





G P Cowan - Director


HIGHSTOP LIMITED (REGISTERED NUMBER: 02128236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023


1. STATUTORY INFORMATION

Highstop 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Freehold property is depreciated to write down the cost less net residual value over the remaining useful life by equal annual instalments. Where property is maintained to such a high standard that the residual value is not less than the cost or valuation no depreciation is charged as it is not material.

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.

3. EMPLOYEES AND DIRECTORS

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

HIGHSTOP LIMITED (REGISTERED NUMBER: 02128236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st September 2022
and 31st August 2023 2,000,000 11,558 2,011,558
DEPRECIATION
At 1st September 2022 - 11,431 11,431
Charge for year - 42 42
At 31st August 2023 - 11,473 11,473
NET BOOK VALUE
At 31st August 2023 2,000,000 85 2,000,085
At 31st August 2022 2,000,000 127 2,000,127

Cost or valuation at 31st August 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2004 90,000 - 90,000
Valuation in 2008 70,000 - 70,000
Valuation in 2014 190,000 - 190,000
Valuation in 2016 140,000 - 140,000
Valuation in 2017 60,000 - 60,000
Valuation in 2020 (100,000 ) - (100,000 )
Valuation in 2021 (399,657 ) - (399,657 )
Valuation in 2022 290,000 - 290,000
Cost 1,659,657 11,558 1,671,215
2,000,000 11,558 2,011,558

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,659,657 1,659,657

Freehold land and buildings were valued on an open market basis on 31st August 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 160 356

HIGHSTOP LIMITED (REGISTERED NUMBER: 02128236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 18,139 12,877
Other creditors 396,554 717,769
414,693 730,646

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200,000 Ordinary A £1 200,000 200,000
200,000 Ordinary B £1 200,000 200,000
400,000 400,000

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st September 2022 954,293 275,908 1,230,201
Profit for the year 1,805 - 1,805
Tax provision 20,421 (20,421 ) -
At 31st August 2023 976,519 255,487 1,232,006

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HIGHSTOP LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Highstop Limited for the year ended 31st August 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Highstop Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Highstop Limited and state those matters that we have agreed to state to the Board of Directors of Highstop Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Highstop Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Highstop Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Highstop Limited. You consider that Highstop Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Highstop Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Clark Brownscombe
Chartered Accountants
2 St Andrews Place
Lewes
East Sussex
BN7 1UP


12th October 2023