HIGHER STREET PROPERTIES LIMITED

Company Registration Number:
08944703 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

HIGHER STREET PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

HIGHER STREET PROPERTIES LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

Garry REYNOLDS


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 September 2024

And signed on behalf of the board by:
Name: Garry REYNOLDS
Status: Director

HIGHER STREET PROPERTIES LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 65,612 60,399
Gross profit(or loss): 65,612 60,399
Administrative expenses: ( 22,118 ) ( 23,661 )
Operating profit(or loss): 43,494 36,738
Interest receivable and similar income: 6
Interest payable and similar charges: ( 17,052 ) ( 9,464 )
Profit(or loss) before tax: 26,442 27,280
Tax: ( 5,024 ) ( 5,183 )
Profit(or loss) for the financial year: 21,418 22,097

HIGHER STREET PROPERTIES LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 698,356 698,356
Total fixed assets: 698,356 698,356
Current assets
Debtors: 4 11,761 11,761
Cash at bank and in hand: 60,242 48,745
Total current assets: 72,003 60,506
Creditors: amounts falling due within one year: 5 ( 418,490 ) ( 418,650 )
Net current assets (liabilities): (346,487) (358,144)
Total assets less current liabilities: 351,869 340,212
Creditors: amounts falling due after more than one year: 6 ( 217,642 ) ( 226,403 )
Total net assets (liabilities): 134,227 113,809
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 134,226 113,808
Total Shareholders' funds: 134,227 113,809

The notes form part of these financial statements

HIGHER STREET PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 December 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.

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

This report was approved by the board of directors on 18 September 2024
and signed on behalf of the board by:

Name: Garry REYNOLDS
Status: Director

The notes form part of these financial statements

HIGHER STREET PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

HIGHER STREET PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

HIGHER STREET PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 698,356 698,356
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 698,356 698,356
Depreciation
At 1 January 2023
Charge for year
On disposals
Other adjustments
At 31 December 2023
Net book value
At 31 December 2023 698,356 698,356
At 31 December 2022 698,356 698,356

HIGHER STREET PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Prepayments and accrued income 6,261 6,261
Other debtors 5,500 5,500
Total 11,761 11,761

HIGHER STREET PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 5,024 5,183
Accruals and deferred income 1,980 1,980
Other creditors 411,486 411,487
Total 418,490 418,650

HIGHER STREET PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

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

2023 2022
£ £
Bank loans and overdrafts 217,642 226,403
Total 217,642 226,403

HIGHER STREET PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Loans to directors

Name of director receiving advance or credit: Garry REYNOLDS
Description of the transaction:
DLA
£
Balance at 31 December 2022 405,797
Advances or credits made:
Advances or credits repaid: 1
Balance at 31 December 2023 405,796