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Company Registration No. 12422030 (England and Wales)
Highbush Properties Limited Unaudited accounts for the year ended 31 January 2023
Highbush Properties Limited Unaudited accounts Contents
Page
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Highbush Properties Limited Company Information for the year ended 31 January 2023
Director
S Karri
Company Number
12422030 (England and Wales)
Accountants
Avin Accountants 78 Queens Road Watford Hertfordshire WD17 2LA
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Highbush Properties Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
557,886 
517,881 
Current assets
Debtors
50,000 
- 
Cash at bank and in hand
148,136 
293,828 
198,136 
293,828 
Creditors: amounts falling due within one year
(425,037)
(425,037)
Net current liabilities
(226,901)
(131,209)
Total assets less current liabilities
330,985 
386,672 
Creditors: amounts falling due after more than one year
(309,604)
(373,200)
Net assets
21,381 
13,472 
Capital and reserves
Share premium
100 
100 
Profit and loss account
21,281 
13,372 
Shareholders' funds
21,381 
13,472 
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2024 and were signed on its behalf by
S Karri Director Company Registration No. 12422030
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Highbush Properties Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Highbush Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12422030.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2023 
£ 
Fair value at 1 February 2022
517,881 
Additions
40,005 
At 31 January 2023
557,886 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
50,000 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
3,137 
3,137 
Loans from directors
421,900 
421,900 
425,037 
425,037 
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Highbush Properties Limited Notes to the Accounts for the year ended 31 January 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
307,204 
372,000 
Accruals
2,400 
1,200 
309,604 
373,200 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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