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REGISTERED NUMBER: 05179914 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Highgate Investments Ltd

Highgate Investments Ltd (Registered number: 05179914)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Highgate Investments Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: M Ayub
A Ayub





SECRETARY:





REGISTERED OFFICE: Unit 200
Bretton Park Way
Dewsbury
WF12 9BS





REGISTERED NUMBER: 05179914 (England and Wales)





ACCOUNTANTS: Isaacs
Trust House
St James Business Park
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL

Highgate Investments Ltd (Registered number: 05179914)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 325,918 331,236

CURRENT ASSETS
Stocks 366,134 307,634
Debtors 5 568,667 2,383,417
Cash at bank 3,287,108 76,871
4,221,909 2,767,922
CREDITORS
Amounts falling due within one year 6 2,577,356 2,509,355
NET CURRENT ASSETS 1,644,553 258,567
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,970,471

589,803

CREDITORS
Amounts falling due after more than one
year

7

(220,325

)

(220,325

)

PROVISIONS FOR LIABILITIES 9 (3,988 ) (63,746 )
NET ASSETS 1,746,158 305,732

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Retained earnings 11 1,736,158 295,732
SHAREHOLDERS' FUNDS 1,746,158 305,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Highgate Investments Ltd (Registered number: 05179914)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:




A Ayub - Director



M Ayub - Director


Highgate Investments Ltd (Registered number: 05179914)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Highgate Investments 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

Highgate Investments Ltd (Registered number: 05179914)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 309,966 89,630 399,596
DEPRECIATION
At 1 August 2022 - 68,360 68,360
Charge for year - 5,318 5,318
At 31 July 2023 - 73,678 73,678
NET BOOK VALUE
At 31 July 2023 309,966 15,952 325,918
At 31 July 2022 309,966 21,270 331,236

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 68,667 68,667
Other debtors 500,000 2,314,750
568,667 2,383,417

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 1,415,108 1,646,420
Hire purchase contracts 116,147 155,806
Trade creditors 2,399 2,500
Tax 143,076 156,727
Other creditors 500,000 500,000
Directors' current accounts 45,602 43,102
Accrued expenses 355,024 4,800
2,577,356 2,509,355

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 220,325 220,325

Highgate Investments Ltd (Registered number: 05179914)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Lloyds bank loan < 1 year 1,415,108 1,646,420

Amounts falling due between one and two years:
Highgate beds loan 220,325 220,325

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 3,988 63,746

Deferred
tax
£   
Balance at 1 August 2022 63,746
Provided during year (59,758 )
Balance at 31 July 2023 3,988

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary 1 10,000 10,000

11. RESERVES
Retained
earnings
£   

At 1 August 2022 295,732
Profit for the year 1,476,826
Dividends (36,400 )
At 31 July 2023 1,736,158