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REGISTERED NUMBER: 04366909 (England and Wales)















Unaudited Financial Statements

for the Year Ended

29 February 2024

for

Highfield Flat Owners Ltd

Highfield Flat Owners Ltd (Registered number: 04366909)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Highfield Flat Owners Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Dr W Pepper
Ms J Snowball
D J Finch
R E Bedingfield





SECRETARY: AMS Marlow Ltd





REGISTERED OFFICE: Swan House
39 Savill Way
Marlow
SL7 1UB





REGISTERED NUMBER: 04366909 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

Highfield Flat Owners Ltd (Registered number: 04366909)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,500 6,500

CURRENT ASSETS
Debtors 5 10,676 7,283
Cash at bank 54,145 60,750
64,821 68,033
CREDITORS
Amounts falling due within one year 6 721 700
NET CURRENT ASSETS 64,100 67,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,600

73,833

PROVISIONS FOR LIABILITIES 12,218 12,218
NET ASSETS 58,382 61,615

CAPITAL AND RESERVES
Called up share capital 11 11
Other reserves 3,058 3,058
Retained earnings 55,313 58,546
SHAREHOLDERS' FUNDS 58,382 61,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Highfield Flat Owners Ltd (Registered number: 04366909)

Balance Sheet - continued
29 February 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 22 November 2024 and were signed on its behalf by:





D J Finch - Director


Highfield Flat Owners Ltd (Registered number: 04366909)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Highfield Flat Owners Ltd 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 service charges levied on residents based on budgeted expenditure for the year. This company is not registered for VAT.

Tangible fixed assets
No depreciation is provided on the buildings as the residual value is considered to be sufficiently high so as to make depreciation immaterial.

Taxation
The company is a non-profit making enterprise and surpluses or deficits arising as a result of differences between service charges levied (based on estimated costs) and actual costs incurred do not fall within the scope of corporation tax. Tax is payable on investment income only.

Residential management transactions
A statutory trust is imposed over service charge monies received under Section 42 of the Landlord and Tenant Act 1987 and the company therefore acts as a trustee in this capacity. As such the closing balance of cash and other assets are held in trust by the company.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 March 2023
and 29 February 2024 6,500
NET BOOK VALUE
At 29 February 2024 6,500
At 28 February 2023 6,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 11 11
Prepayments and accrued income 4,525 4,748
Amounts owed by leaseholders 6,140 2,524
10,676 7,283

Highfield Flat Owners Ltd (Registered number: 04366909)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Accrued expenses 721 700