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COMPANY REGISTRATION NUMBER: 09207086
Highground Properties Limited
Unaudited Financial Statements
30 September 2023
Highground Properties Limited
Financial Statements
Year ended 30 September 2023
Contents
Page
Directors' report
1
Statement of financial position
2
Notes to the financial statements
3
The following pages do not form part of the financial statements
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
6
Highground Properties Limited
Directors' Report
Year ended 30 September 2023
The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2023 .
Directors
The directors who served the company during the year were as follows:
Mr M Barnett
Mr B Brewster
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 4 March 2024 and signed on behalf of the board by:
Mr B Brewster
Director
Registered office:
4th Floor
58-59 Great Marlborough Street
London
W1F 7JY
Highground Properties Limited
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
325,454
325,454
Current assets
Cash at bank and in hand
1
1
Creditors: amounts falling due within one year
5
327,194
327,194
---------
---------
Net current liabilities
327,193
327,193
---------
---------
Total assets less current liabilities
( 1,739)
( 1,739)
-------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 1,740)
( 1,740)
-------
-------
Shareholders deficit
( 1,739)
( 1,739)
-------
-------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 4 March 2024 , and are signed on behalf of the board by:
Mr B Brewster
Director
Company registration number: 09207086
Highground Properties Limited
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4th Floor, 58-59 Great Marlborough Street, London, W1F 7JY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at cash or other consideration expected to be paid or received and not discounted.
4. Investments
Shares in group undertakings
£
Cost
At 1 October 2022 and 30 September 2023
325,454
---------
Impairment
At 1 October 2022 and 30 September 2023
---------
Carrying amount
At 30 September 2023
325,454
---------
At 30 September 2022
325,454
---------
The company owns 100% of the issued share capital of the companies listed below:
i) Walter Humphries Limited.
ii) Neptune Skip Company Limited.
iii) Workrate Limited.
5. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
327,194
327,194
---------
---------
6. Controlling party
The company was under the control of Mr B Brewster throughout the current year. Mr B Brewster was the managing director and majority shareholder.
Highground Properties Limited
Management Information
Year ended 30 September 2023
The following pages do not form part of the financial statements.
Highground Properties Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Highground Properties Limited
Year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Highground Properties Limited for the year ended 30 September 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.
HIGGINS FAIRBAIRN & CO Chartered accountants
4th Floor 58-59 Great Marlborough Street London W1F 7JY
4 March 2024