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REGISTERED NUMBER: 07913622 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

HIGHFIELD NORTHERN LIMITED

HIGHFIELD NORTHERN LIMITED (REGISTERED NUMBER: 07913622)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGHFIELD NORTHERN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: S Potter
Mrs D H Potter



REGISTERED OFFICE: 13 Curly Lane
Lesbury
Alnwick
Northumberland
NE66 3QB



REGISTERED NUMBER: 07913622 (England and Wales)



ACCOUNTANTS: Greaves Grindle
Chartered Accountants
Victoria House
Bondgate Within
Alnwick
Northumberland
NE66 1TA



BANKERS: Barclays Bank plc
20 Bondgate Within
Alnwick
Northumberland
NE66 1TF

HIGHFIELD NORTHERN LIMITED (REGISTERED NUMBER: 07913622)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,004 6,439

CURRENT ASSETS
Debtors 5 14,821 38,047

CREDITORS
Amounts falling due within one year 6 100,276 112,991
NET CURRENT LIABILITIES (85,455 ) (74,944 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(53,451

)

(68,505

)

CREDITORS
Amounts falling due after more than one
year

7

(50,031

)

(33,333

)

PROVISIONS FOR LIABILITIES (5,938 ) (1,049 )
NET LIABILITIES (109,420 ) (102,887 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (109,520 ) (102,987 )
SHAREHOLDERS' FUNDS (109,420 ) (102,887 )

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

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

HIGHFIELD NORTHERN LIMITED (REGISTERED NUMBER: 07913622)

BALANCE SHEET - continued
31 JANUARY 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 24 October 2023 and were signed on its behalf by:





Mrs D H Potter - Director


HIGHFIELD NORTHERN LIMITED (REGISTERED NUMBER: 07913622)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Highfield Northern 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.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

HIGHFIELD NORTHERN LIMITED (REGISTERED NUMBER: 07913622)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 12,661 16,467 129 29,257
Additions - 36,000 - 36,000
At 31 January 2023 12,661 52,467 129 65,257
DEPRECIATION
At 1 February 2022 9,171 13,518 129 22,818
Charge for year 698 9,737 - 10,435
At 31 January 2023 9,869 23,255 129 33,253
NET BOOK VALUE
At 31 January 2023 2,792 29,212 - 32,004
At 31 January 2022 3,490 2,949 - 6,439

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,300 -
Other debtors 8,521 38,047
14,821 38,047

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 28,330 16,130
Hire purchase contracts 5,737 -
Trade creditors 47,303 64,815
Taxation and social security 8,705 7,703
Other creditors 10,201 24,343
100,276 112,991

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,333 33,333
Hire purchase contracts 26,698 -
50,031 33,333

HIGHFIELD NORTHERN LIMITED (REGISTERED NUMBER: 07913622)

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


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
S Potter and Mrs D H Potter
Balance outstanding at start of year 27,771 31,896
Amounts advanced 15,401 90,251
Amounts repaid (43,618 ) (94,376 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (446 ) 27,771

9. RELATED PARTY DISCLOSURES

Mr Steven Potter, a director and shareholder of the company, is also a 50% shareholder (holding 50 ordinary shares of £1 each) and a director of E & S Developments Northern Ltd.