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REGISTERED NUMBER: 00237141 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HIGH CROSS ESTATES LIMITED

HIGH CROSS ESTATES LIMITED (REGISTERED NUMBER: 00237141)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGH CROSS ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P Bishop
J Bishop
T B Warren





SECRETARY: P Bishop





REGISTERED OFFICE: Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS





REGISTERED NUMBER: 00237141 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

HIGH CROSS ESTATES LIMITED (REGISTERED NUMBER: 00237141)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 757 2,218

CURRENT ASSETS
Stocks 5 4,302,136 4,209,288
Debtors 6 1,354,590 2,024,441
Cash at bank 746,827 285,871
6,403,553 6,519,600
CREDITORS
Amounts falling due within one year 7 657,484 1,113,841
NET CURRENT ASSETS 5,746,069 5,405,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,746,826

5,407,977

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 5,745,826 5,406,977
SHAREHOLDERS' FUNDS 5,746,826 5,407,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

HIGH CROSS ESTATES LIMITED (REGISTERED NUMBER: 00237141)

BALANCE SHEET - continued
31 MARCH 2024


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 29 August 2024 and were signed on its behalf by:





P Bishop - Director


HIGH CROSS ESTATES LIMITED (REGISTERED NUMBER: 00237141)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

High Cross Estates 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.

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 represents gross rents received and profits on properties sold.


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 - 25% on cost
Computer equipment - 33% on cost

Stocks
Stock of properties is at valuation in 1945 with subsequent additions at cost.

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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the income statement. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

HIGH CROSS ESTATES LIMITED (REGISTERED NUMBER: 00237141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 12,887 14,334 27,221
DEPRECIATION
At 1 April 2023 11,417 13,586 25,003
Charge for year 735 726 1,461
At 31 March 2024 12,152 14,312 26,464
NET BOOK VALUE
At 31 March 2024 735 22 757
At 31 March 2023 1,470 748 2,218

5. STOCKS

Stock represents properties totalling £4,302,136 (2023: £4,209,288). The properties are as valued in 1945 with subsequent additions at cost.

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors - 827,396
Other debtors 232,223 31,159
Rent 2,563 18,631
Prepayments 788 1,977
235,574 879,163

Amounts falling due after more than one year:
Other Loan <1yr 28,261 33,549
Other Loan >1yr 1,090,755 1,111,729
1,119,016 1,145,278

Aggregate amounts 1,354,590 2,024,441

HIGH CROSS ESTATES LIMITED (REGISTERED NUMBER: 00237141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS - continued

During the year to 31st March 2022 a loan of £311,375 was made to Mr and Mrs Gammage, a relative of Mr and Mrs Bishop. Interest is charged at 2% per annum and is repayable on demand. As at 31st March 2024 the loan due to the company is £277,874 (2023: 287,028).

During the year to 31st March 2023 a loan of £858,250 was made to Mr James and Mrs Natasha Bishop, a relative of Mr John and Mrs Priscilla Bishop. Interest is charged at 2% per annum and is repayable on demand. As at 31st March 2024 the loan due to the company is £841,142 (2023: 858,250).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 550,000 604,636
Trade creditors 15,315 133,750
Tax 81,311 359,924
Social security and other taxes 267 267
Other creditors - 7,347
Directors' current accounts 567 723
Accrued expenses 10,024 7,194
657,484 1,113,841

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owed the director Mrs P Bishop £567 (2023: £723).

9. CONTROLLING PARTY

Throughout the current and previous year P Bishop has controlled the company by virtue of holding the majority of the issued share capital.