Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-01falseProperty investment22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10722316 2022-10-01 2023-09-30 10722316 2021-10-01 2022-09-30 10722316 2023-09-30 10722316 2022-09-30 10722316 c:Director1 2022-10-01 2023-09-30 10722316 c:Director2 2022-10-01 2023-09-30 10722316 c:RegisteredOffice 2022-10-01 2023-09-30 10722316 d:FreeholdInvestmentProperty 2023-09-30 10722316 d:FreeholdInvestmentProperty 2022-09-30 10722316 d:CurrentFinancialInstruments 2023-09-30 10722316 d:CurrentFinancialInstruments 2022-09-30 10722316 d:Non-currentFinancialInstruments 2023-09-30 10722316 d:Non-currentFinancialInstruments 2022-09-30 10722316 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10722316 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 10722316 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 10722316 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 10722316 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 10722316 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 10722316 d:ShareCapital 2023-09-30 10722316 d:ShareCapital 2022-09-30 10722316 d:RetainedEarningsAccumulatedLosses 2023-09-30 10722316 d:RetainedEarningsAccumulatedLosses 2022-09-30 10722316 c:FRS102 2022-10-01 2023-09-30 10722316 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10722316 c:FullAccounts 2022-10-01 2023-09-30 10722316 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 10722316









32 HIGHTREES LIMITED







Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2023

 
32 HIGHTREES LIMITED
 
 
Company Information


Directors
R Clegg 
H Clegg 




Registered number
10722316



Registered office
2 Groveside Road

London

E4 6JD





 
32 HIGHTREES LIMITED
Registered number: 10722316

Balance sheet
As at 30 September 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
319,873
319,873

  
319,873
319,873

Current assets
  

Debtors: amounts falling due within one year
 5 
1,793
-

Cash at bank and in hand
 6 
2,312
8,263

  
4,105
8,263

Creditors: amounts falling due within one year
 7 
(37,146)
(159,755)

Net current liabilities
  
 
 
(33,041)
 
 
(151,492)

Total assets less current liabilities
  
286,832
168,381

Creditors: amounts falling due after more than one year
 8 
(286,003)
(167,089)

  

Net assets
  
829
1,292


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
827
1,290

  
829
1,292


Page 1

 
32 HIGHTREES LIMITED
Registered number: 10722316
    
Balance sheet (continued)
As at 30 September 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 April 2024.




H Clegg
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
32 HIGHTREES LIMITED
 
 
 
Notes to the financial statements
For the year ended 30 September 2023

1.


General information

32 Hightrees Limited is a company incorporated in England and Wales. Its registered office is 2 Groveside Road, London, E4 6JD. Its principal activity is that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents rental income receivable. Such income is recognised straight line over the period of the lease.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Investment property

Investment property is carried at fair value determined annually, derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

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.

Page 3

 
32 HIGHTREES LIMITED
 
 
 
Notes to the financial statements
For the year ended 30 September 2023

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
32 HIGHTREES LIMITED
 
 
 
Notes to the financial statements
For the year ended 30 September 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 October 2022
319,873



At 30 September 2023
319,873

The 2023 valuations were made by the directors, on an open market value for existing use basis.






If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
319,873
319,873

319,873
319,873

Page 5

 
32 HIGHTREES LIMITED
 
 
 
Notes to the financial statements
For the year ended 30 September 2023

5.


Debtors

2023
2022
£
£


Prepayments and accrued income
1,793
-

1,793
-



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,312
8,263

2,312
8,263



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
122,735

Corporation tax
205
79

Other creditors
36,941
36,941

37,146
159,755



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
229,965
107,230

Other creditors
56,038
59,859

286,003
167,089


The bank loans are secured against the properties. The directors have provided a personal guarantee in respect of the bank loans.

Page 6

 
32 HIGHTREES LIMITED
 
 
 
Notes to the financial statements
For the year ended 30 September 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
-
122,735


Amounts falling due 2-5 years

Bank loans
229,965
107,230


229,965
229,965


 
Page 7