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REGISTERED NUMBER: 07180087 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

HIGHBANK PROPERTY SERVICES LTD

HIGHBANK PROPERTY SERVICES LTD (REGISTERED NUMBER: 07180087)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGHBANK PROPERTY SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTORS: L J BERTRAM
T A GIBBS





REGISTERED OFFICE: STAKES ROAD
PURBROOK
WATERLOOVILLE
Hampshire
PO7 5NT





REGISTERED NUMBER: 07180087 (England and Wales)





ACCOUNTANTS: Landi Accounting Limited
62 Stakes Road
Purbrook
Waterlooville
Hampshire
PO7 5NT

HIGHBANK PROPERTY SERVICES LTD (REGISTERED NUMBER: 07180087)

BALANCE SHEET
28 FEBRUARY 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,075 41,182

CURRENT ASSETS
Stocks 5,750 1,350
Debtors 5 68,290 51,324
Cash at bank 13 69,242
74,053 121,916
CREDITORS
Amounts falling due within one year 6 118,438 139,529
NET CURRENT LIABILITIES (44,385 ) (17,613 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,310

)

23,569

CREDITORS
Amounts falling due after more than one
year

7

18,512

23,435
NET (LIABILITIES)/ASSETS (47,822 ) 134

CAPITAL AND RESERVES
Called up share capital 2 1
Retained earnings (47,824 ) 133
SHAREHOLDERS' FUNDS (47,822 ) 134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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.

HIGHBANK PROPERTY SERVICES LTD (REGISTERED NUMBER: 07180087)

BALANCE SHEET - continued
28 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 29 November 2024 and were signed on its behalf by:





L J BERTRAM - Director


HIGHBANK PROPERTY SERVICES LTD (REGISTERED NUMBER: 07180087)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

HIGHBANK PROPERTY SERVICES 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 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.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

HIGHBANK PROPERTY SERVICES LTD (REGISTERED NUMBER: 07180087)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 20,146 73,700 7,160 101,006
Additions - 3,042 - 3,042
Disposals (20,146 ) (30,000 ) (6,411 ) (56,557 )
At 28 February 2024 - 46,742 749 47,491
DEPRECIATION
At 1 March 2023 17,754 36,042 6,028 59,824
Charge for year - 9,805 70 9,875
Eliminated on disposal (17,754 ) (14,180 ) (5,349 ) (37,283 )
At 28 February 2024 - 31,667 749 32,416
NET BOOK VALUE
At 28 February 2024 - 15,075 - 15,075
At 28 February 2023 2,392 37,658 1,132 41,182

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 67,323 50,921
Other debtors 967 403
68,290 51,324

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 177 -
Trade creditors 18,127 11,558
Taxation and social security 37,145 29,263
Other creditors 62,989 98,708
118,438 139,529

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Other creditors 18,512 23,435