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REGISTERED NUMBER: 04449521 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

HIGHPINES LTD

HIGHPINES LTD (REGISTERED NUMBER: 04449521)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGHPINES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mrs B Venitt





SECRETARY: Ms B Venitt





REGISTERED OFFICE: 115 Craven Park Road
London
London
N15 6BL





REGISTERED NUMBER: 04449521 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

HIGHPINES LTD (REGISTERED NUMBER: 04449521)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,006 1,183
Investment property 5 500,000 500,000
501,006 501,183

CURRENT ASSETS
Cash at bank 480 554

CREDITORS
Amounts falling due within one year 6 (129,871 ) (159,986 )
NET CURRENT LIABILITIES (129,391 ) (159,432 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,615

341,751

CREDITORS
Amounts falling due after more than one
year

7

-

(10,850

)
NET ASSETS 371,615 330,901

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 203,048 203,048
Retained earnings 168,467 127,753
SHAREHOLDERS' FUNDS 371,615 330,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HIGHPINES LTD (REGISTERED NUMBER: 04449521)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 director and authorised for issue on 18 August 2024 and were signed by:





Mrs B Venitt - Director


HIGHPINES LTD (REGISTERED NUMBER: 04449521)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Highpines Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022
and 30 November 2023 13,290
DEPRECIATION
At 1 December 2022 12,107
Charge for year 177
At 30 November 2023 12,284
NET BOOK VALUE
At 30 November 2023 1,006
At 30 November 2022 1,183

HIGHPINES LTD (REGISTERED NUMBER: 04449521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 500,000
NET BOOK VALUE
At 30 November 2023 500,000
At 30 November 2022 500,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2015 103,048
Valuation in 2020 100,000
Cost 296,952
500,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 8) 7,750 -
Taxation and social security 17,115 11,884
Other creditors 105,006 148,102
129,871 159,986

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) - 10,850

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 10,850

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,750 -

Amounts falling due in more than five years:

HIGHPINES LTD (REGISTERED NUMBER: 04449521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. LOANS - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal - 10,850

Under the bank loan, £15,500 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

9. RESERVES
Revaluation
reserve
£   
At 1 December 2022
and 30 November 2023 203,048