Registered number: 07248316 | ||||||||
FOR THE YEAR ENDED 31/12/2022 | ||||||||
Prepared By: | ||||||||
Forbes Watson Limited | ||||||||
Accountants | ||||||||
The Old Bakery | ||||||||
Green Street | ||||||||
Lytham | ||||||||
Lancashire | ||||||||
FY8 5LG |
High Floor Rentals Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2022 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
Saad Ahmed | ||||||||
REGISTERED OFFICE | ||||||||
Lancashire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 07248316 | ||||||||
ACCOUNTANTS | ||||||||
Forbes Watson Limited | ||||||||
Accountants | ||||||||
The Old Bakery | ||||||||
Green Street | ||||||||
Lytham | ||||||||
Lancashire | ||||||||
FY8 5LG |
High Floor Rentals Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/12/2022 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
High Floor Rentals Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2022 | 2021 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
Investment Assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
365,136 | 658,747 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT (LIABILITIES) / ASSETS | ( | 434,930 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 587,113 | 456,010 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
High Floor Rentals Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2022 | ||||||||||
1. ACCOUNTING POLICIES |
1a. General Information | ||||||||
High Floor Rentals Limited (the company) is a limited company domiciled and incorporated in England. | ||||||||
The address of the company's registered office is 21 Navigation Business Village, Navigation Way, Preston, Lancashire, PR2 2YP. | ||||||||
The presentational currency is £ sterling, and amounts are rounded to the nearest £1. |
1b. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
1c. Consolidation | ||||||||
The company and its subsidiary form a small group. The company is therefore not required to produce consolidated financial statements. These financial statements present information about the company as a single entity. |
1d. Going Concern | ||||||||
After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. |
1e. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
1f. Depreciation | ||||||||
Plant And Machinery | straight line20% |
1g. Investment Properties | ||||||||
Investment properties are included in the financial statements at fair value with changes in fair value being recognised in profit and loss. The company engages independent valuation specialists to determine fair value at each year end. |
1h. Investments | ||||||||
Investment in the subsidiary undertaking is held at cost less accumulated impairment loss. |
1i. Debtors | ||||||||
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
High Floor Rentals Ltd | ||||||||
1j. Creditors | ||||||||
Short term trade creditors are measurd at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
1k. Cash And Cash Equivalents | ||||||||
Cash and cash equivalents comprises of cash on hand which is subject to an insignificant risk of change in value. |
1l. Financial Instruments | ||||||||
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
2. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery | Total | |||
£ | £ | |||
Cost | ||||
At 01/01/2022 | 130,600 | 130,600 | ||
At 31/12/2022 | 130,600 | 130,600 | ||
Depreciation | ||||
At 01/01/2022 | 105,499 | 105,499 | ||
For the year | 244 | 244 | ||
At 31/12/2022 | 105,743 | 105,743 | ||
Net Book Amounts | ||||
At 31/12/2022 | 24,857 | |||
At 31/12/2021 | 25,101 | |||
3. FINANCIAL ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/01/2022 | 4,288,599 | 4,288,599 | |||||||
Additions | 740,954 | 740,954 | |||||||
At 31/12/2022 | 5,029,553 | 5,029,553 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/12/2022 | 5,029,553 | 5,029,553 | |||||||
At 31/12/2021 | 4,288,599 | 4,288,599 | |||||||
High Floor Rentals Ltd | ||||||||
4. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 01/01/2022 | 7,291,093 | 7,291,093 | ||
Revaluation | 172,569 | 172,569 | ||
At 31/12/2022 | 7,463,662 | 7,463,662 | ||
5. DEBTORS | 2022 | 2021 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
UK corporation tax | 31,192 | - | ||||||
Other debtors | 266,265 | 183,594 | ||||||
297,457 | 183,594 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
UK corporation tax | - | 6,671 | ||||||
Other taxation and social security | 54,075 | 58,217 | ||||||
Directors current account | 10,709 | 10,709 | ||||||
Other creditors | 614,880 | 148,220 | ||||||
679,664 | 223,817 | |||||||
7. EMPLOYEES | ||||||
2022 | 2021 | |||||
No. | No. | |||||
Average number of employees | - | |||||
8. PROVISIONS FOR LIABILITIES | 2022 | 2021 | ||||||
£ | £ | |||||||
Deferred taxation | 166,331 | 133,613 | ||||||
166,331 | 133,613 | |||||||
High Floor Rentals Ltd | ||||||||
9. SHARE CAPITAL | 2022 | 2021 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
11450100 | 11450100 | |||||||
11,450,100 | 11,450,100 | |||||||
New shares issued during period: | ||||||||
| 1000000 | |||||||
- | 1,000,000 | |||||||