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REGISTERED NUMBER: 05541862 (England and Wales)















Highview Parking Limited

Financial Statements

for the Year Ended 30 June 2023






Highview Parking Limited (Registered number: 05541862)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Highview Parking Limited

Company Information
for the year ended 30 June 2023







Directors: I S Langdon
E D Morris
G H D Rose





Registered office: Jack Straw's Castle
12 North End Way
London
NW3 7ES





Registered number: 05541862 (England and Wales)





Auditors: Cooper Parry Group Limited
Statutory Auditor
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Highview Parking Limited (Registered number: 05541862)

Balance Sheet
30 June 2023

2023 2022
Notes £ £
Current assets
Debtors 4 6,306,502 6,246,926
Cash at bank 526,576 371,711
6,833,078 6,618,637
Creditors
Amounts falling due within one year 5 2,376,820 2,542,473
Net current assets 4,456,258 4,076,164
Total assets less current liabilities 4,456,258 4,076,164

Capital and reserves
Called up share capital 6 1 1
Retained earnings 7 4,456,257 4,076,163
Shareholders' funds 4,456,258 4,076,164

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 18 December 2023 and were signed on its behalf by:





I S Langdon - Director


Highview Parking Limited (Registered number: 05541862)

Notes to the Financial Statements
for the year ended 30 June 2023


1. Statutory information

Highview Parking Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05541862 and registered office address is Jack Straw's Castle, 12 North End Way, London, NW3 7ES.

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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises revenue generated by the company in respect of car park management services supplied directly to clients. Revenue is recognised in line with the terms of the client contracts when the services are supplied. Revenue is recognised exclusive of Value Added Tax.

Financial instruments policy
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Key sources of estimation uncertainty and judgements
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

3. Employees and directors

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

Highview Parking Limited (Registered number: 05541862)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


4. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 8,105 24,746
Amounts owed by group undertakings 6,284,023 5,984,784
VAT 14,374 49,324
Prepayments and accrued income - 188,072
6,306,502 6,246,926

5. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 1,840 14,512
Amounts owed to group undertakings 1,876,849 2,024,069
Tax 219,672 121,685
Other creditors 154,945 295,399
Accruals and deferred income 123,514 86,808
2,376,820 2,542,473

The other creditors are secured by a fixed and floating charge over the assets of the company.

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1 Ordinary £1 1 1

7. Reserves
Retained
earnings
£

At 1 July 2022 4,076,163
Profit for the year 380,094
At 30 June 2023 4,456,257

8. Disclosure under Section 444(5B) of the Companies Act 2006

The Auditors' Report was unqualified.

Jonathan Moughton (Senior Statutory Auditor)
for and on behalf of Cooper Parry Group Limited

9. Related party disclosures

Included in creditors is £1,637,645 (2022: £273,948) owed to related companies.

Included in debtors is £6,284,023 (2022: £5,984,784) due from related companies.

10. Ultimate controlling party

The ultimate controlling party at the balance sheet date was Trade TopCo Limited, a company controlled by E A Green and I S Langdon acting in concert.