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REGISTERED NUMBER: 05602910















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Highworth Properties Limited

Highworth Properties Limited (Registered number: 05602910)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Highworth Properties Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: R Jivraj





SECRETARY: K Jivraj





REGISTERED OFFICE: 48 Ealing Road
Wembley
Middx
HA0 4TQ





REGISTERED NUMBER: 05602910





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Highworth Properties Limited (Registered number: 05602910)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,147,798 1,147,798

CURRENT ASSETS
Debtors 5 1,402,956 1,371,956
Cash at bank 14,794 6,062
1,417,750 1,378,018
CREDITORS
Amounts falling due within one year 6 70,338 67,584
NET CURRENT ASSETS 1,347,412 1,310,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,495,210

2,458,232

CREDITORS
Amounts falling due after more than one year 7 1,499,999 1,499,999
NET ASSETS 995,211 958,233

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 995,111 958,133
995,211 958,233

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

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

Highworth Properties Limited (Registered number: 05602910)

Balance Sheet - continued
31 October 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 director and authorised for issue on 30 October 2024 and were signed by:





R Jivraj - Director


Highworth Properties Limited (Registered number: 05602910)

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

1. STATUTORY INFORMATION

Highworth Properties Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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).

Highworth Properties Limited (Registered number: 05602910)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 1,147,798
NET BOOK VALUE
At 31 October 2023 1,147,798
At 31 October 2022 1,147,798

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Other debtors 1,402,956 1,371,956

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade creditors 27,581 24,501
Taxation and social security 36,562 27,888
Other creditors 6,195 15,195
70,338 67,584

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank loans 1,499,999 1,499,999

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,499,999 1,499,999

8. RELATED PARTY DISCLOSURES

Included in debtors as at balance sheet date are loans totalling £1,402,956 (2022: £1,371,956) due from the director Mr R Jivraj's connected companies. Companies in which Mr Jivraj is a director and he and his family are the majority shareholders . The loans are interest free.