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REGISTERED NUMBER: 08095256 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

HIGH TIDE DEVELOPMENT LIMITED

HIGH TIDE DEVELOPMENT LIMITED (REGISTERED NUMBER: 08095256)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


HIGH TIDE DEVELOPMENT LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: S Collyer
Mrs A J Collyer





REGISTERED OFFICE: 4 Prince William Close
Worthing
West Sussex
BN14 0AZ





REGISTERED NUMBER: 08095256 (England and Wales)





ACCOUNTANTS: Badcock Business Solutions
Chartered Accountants
4 Prince William Close
Worthing
West Sussex
BN14 0AZ

HIGH TIDE DEVELOPMENT LIMITED (REGISTERED NUMBER: 08095256)

STATEMENT OF FINANCIAL POSITION
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 301 251
301 251

CURRENT ASSETS
Debtors 6 11,212 10,144
Cash at bank 48,329 46,286
59,541 56,430
CREDITORS
Amounts falling due within one year 7 15,652 23,297
NET CURRENT ASSETS 43,889 33,133
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,190

33,384

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 44,090 33,284
SHAREHOLDERS' FUNDS 44,190 33,384

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

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

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 14 November 2023 and were signed on its behalf by:



S Collyer - Director


HIGH TIDE DEVELOPMENT LIMITED (REGISTERED NUMBER: 08095256)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

High Tide Development 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 50% on cost and 33% on cost

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,000
AMORTISATION
At 1 April 2022
and 31 March 2023 10,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

HIGH TIDE DEVELOPMENT LIMITED (REGISTERED NUMBER: 08095256)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 9,817
Additions 455
At 31 March 2023 10,272
DEPRECIATION
At 1 April 2022 9,566
Charge for year 405
At 31 March 2023 9,971
NET BOOK VALUE
At 31 March 2023 301
At 31 March 2022 251

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 9,969 10,144
Other debtors 1,243 -
11,212 10,144

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Taxation and social security 14,752 14,769
Other creditors 900 8,528
15,652 23,297