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REGISTERED NUMBER: 09038172 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Highfield Solicitors Limited

Highfield Solicitors Limited (Registered number: 09038172)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Highfield Solicitors Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M A Younis





REGISTERED OFFICE: Phoenix House
First Floor
96 Blacker Road
Huddersfield
HD1 5HN





REGISTERED NUMBER: 09038172 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

Highfield Solicitors Limited (Registered number: 09038172)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,983 12,315

CURRENT ASSETS
Stocks 27,000 27,000
Debtors 5 600 -
Cash at bank and in hand 137,713 137,418
165,313 164,418
CREDITORS
Amounts falling due within one year 6 30,742 39,024
NET CURRENT ASSETS 134,571 125,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,554

137,709

CREDITORS
Amounts falling due after more than one
year

7

(65,360

)

(63,221

)

PROVISIONS FOR LIABILITIES 8 (1,517 ) (2,305 )
NET ASSETS 75,677 72,183

CAPITAL AND RESERVES
Called up share capital 9 99 99
Retained earnings 10 75,578 72,084
SHAREHOLDERS' FUNDS 75,677 72,183

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

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

Highfield Solicitors Limited (Registered number: 09038172)

Balance Sheet - continued
31 December 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 22 October 2024 and were signed by:





M A Younis - Director


Highfield Solicitors Limited (Registered number: 09038172)

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

1. STATUTORY INFORMATION

Highfield Solicitors 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.
Fixtures and fittings - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Highfield Solicitors Limited (Registered number: 09038172)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 30,801
Additions 1,039
At 31 December 2023 31,840
DEPRECIATION
At 1 January 2023 18,486
Charge for year 5,371
At 31 December 2023 23,857
NET BOOK VALUE
At 31 December 2023 7,983
At 31 December 2022 12,315

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts due from related undertaking 600 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 10,995 6,643
VAT 2,749 18,469
Bank loan 6,898 3,812
Accrued expenses 10,100 10,100
30,742 39,024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loan 33,548 42,622
Directors' loan accounts 31,812 20,599
65,360 63,221

The loan creditor represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme.
The loan creditor carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

Highfield Solicitors Limited (Registered number: 09038172)

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

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 1,517 2,305

Deferred
tax
£   
Balance at 1 January 2023 2,305
Provided during year (788 )
Balance at 31 December 2023 1,517

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
99 Ordinary £1 99 99

10. RESERVES
Retained
earnings
£   

At 1 January 2023 72,084
Profit for the year 41,494
Dividends (38,000 )
At 31 December 2023 75,578

11. RELATED PARTY DISCLOSURES

During the year the company paid dividends totalling £38,000 to its director (2022: £38,000).

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M A Younis.