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REGISTERED NUMBER: 13562442 (England and Wales)















Unaudited Financial Statements

for the Period 1 September 2022 to 30 November 2023

for

High Tide Property Limited

High Tide Property Limited (Registered number: 13562442)






Contents of the Financial Statements
for the Period 1 September 2022 to 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


High Tide Property Limited

Company Information
for the Period 1 September 2022 to 30 November 2023







DIRECTOR: J S B Oxley





REGISTERED OFFICE: The Old Dairy
Cadhay
Ottery St Mary
Devon
EX11 1QT





REGISTERED NUMBER: 13562442 (England and Wales)





ACCOUNTANTS: Blue Sky
Chartered Accountants
The Old Dairy
Cadhay
Ottery St Mary
Devon
EX11 1QT

High Tide Property Limited (Registered number: 13562442)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,098 530,615

CURRENT ASSETS
Debtors 5 226,834 7,316
Cash at bank 20,184 1,194
247,018 8,510
CREDITORS
Amounts falling due within one year 6 219,541 255,981
NET CURRENT ASSETS/(LIABILITIES) 27,477 (247,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,575

283,144

CREDITORS
Amounts falling due after more than one
year

7

-

287,774
NET ASSETS/(LIABILITIES) 28,575 (4,630 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,475 (4,730 )
SHAREHOLDERS' FUNDS 28,575 (4,630 )

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

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

The director acknowledges his 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.

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 29 August 2024 and were signed by:





J S B Oxley - Director


High Tide Property Limited (Registered number: 13562442)

Notes to the Financial Statements
for the Period 1 September 2022 to 30 November 2023

1. Statutory information

High Tide Property Limited 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.

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.

Financial instruments
(i) Financial assets
Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortisation cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortisation cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the period 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.


High Tide Property Limited (Registered number: 13562442)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 30 November 2023

2. Accounting policies - continued
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 period 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 period was NIL (2022 - NIL).

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 September 2022 529,117 1,598 530,715
Additions 281,302 - 281,302
Disposals (810,419 ) - (810,419 )
At 30 November 2023 - 1,598 1,598
Depreciation
At 1 September 2022 - 100 100
Charge for period - 400 400
At 30 November 2023 - 500 500
Net book value
At 30 November 2023 - 1,098 1,098
At 31 August 2022 529,117 1,498 530,615

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts owed by group undertakings 225,080 -
Other debtors 1,754 7,316
226,834 7,316

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Taxation and social security 1,636 -
Other creditors 217,905 255,981
219,541 255,981

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors - 287,774