THE HIGHBURY VALE LIMITED

Company Registration Number:
07747484 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

THE HIGHBURY VALE LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

THE HIGHBURY VALE LIMITED

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 172,407 179,378
Investments: 4 100 100
Total fixed assets: 172,507 179,478
Current assets
Stocks: 108,200 210,400
Debtors:   249,011 198,721
Cash at bank and in hand: 16,364 105
Total current assets: 373,575 409,226
Creditors: amounts falling due within one year: 5 (162,382) (214,729)
Net current assets (liabilities): 211,193 194,497
Total assets less current liabilities: 383,700 373,975
Creditors: amounts falling due after more than one year: 6 (104,741) (125,145)
Total net assets (liabilities): 278,959 248,830
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 278,859 248,730
Shareholders funds: 278,959 248,830

The notes form part of these financial statements

THE HIGHBURY VALE LIMITED

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 August 2024
and signed on behalf of the board by:

Name: Prathapan Shankar
Status: Director

The notes form part of these financial statements

THE HIGHBURY VALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Freehold property No depreciation, Leasehold property 12 years on straight line, Plant & Machinery 20% reducing balance, Motor Vehicles 25% straight line, Fixtures and Fittings 20% reducing balance.

Valuation and information policy

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

THE HIGHBURY VALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 12 12

THE HIGHBURY VALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 01 September 2022 372,242
Additions 24,000
At 31 August 2023 396,242
Depreciation
At 01 September 2022 192,864
Charge for year 30,971
At 31 August 2023 223,835
Net book value
At 31 August 2023 172,407
At 31 August 2022 179,378

THE HIGHBURY VALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Fixed investments

Shares in subsidiaries amounts to £100 (2022: £100) at the balance sheet date.

THE HIGHBURY VALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Creditors: amounts falling due within one year note

Creditors due within one year amounts to £162,382 (2022: £214,729).

THE HIGHBURY VALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Creditors: amounts falling due after more than one year note

Long term bank loan of £67,781 (2022: £125,145) and other loan of £36,960 (2022: £Nil) outstanding at the balance sheet date.

THE HIGHBURY VALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

7. Related party transactions

Name of the related party: Prathapan Shankar
Relationship:
Director
Description of the Transaction: The company owed money to the director
£
Balance at 01 September 2022 18,640
Balance at 31 August 2023 194
Name of the related party: Dharsan Premkumar
Relationship:
Director
Description of the Transaction: The company owed money to the director
£
Balance at 01 September 2022 18,640
Balance at 31 August 2023 193
Name of the related party: Highbury Investments capital Limited
Relationship:
Subsidiary company
Description of the Transaction: The company loaned money to related party
£
Balance at 01 September 2022 78,102
Balance at 31 August 2023 72,127
Name of the related party: The Highbury Vale 2 Limited
Relationship:
Connected company
Description of the Transaction: The company loaned money to related party
£
Balance at 01 September 2022 91,879
Balance at 31 August 2023 176,884