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Company Registration No. 12462151 (England and Wales)
HIGHFIELDS HOMES LIMITED Unaudited accounts for the year ended 29 February 2024
HIGHFIELDS HOMES LIMITED Unaudited accounts Contents
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HIGHFIELDS HOMES LIMITED Company Information for the year ended 29 February 2024
Directors
Robert Andrew Smith Benjamin Miles Snedker
Company Number
12462151 (England and Wales)
Registered Office
16 GRESLEY CLOSE DRAYTON FIELDS INDUSTRIAL ESTATE DAVENTRY NORTHAMPTONSHIRE NN11 8RZ UNITED KINGDOM
Accountants
ACAX Limited 30 Bulwick Avenue Grimsby DN33 3BH
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HIGHFIELDS HOMES LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,104 
24,138 
Current assets
Inventories
2,104,661 
1,778,590 
Debtors
1,944,580 
1,949,827 
Cash at bank and in hand
450 
450 
4,049,691 
3,728,867 
Creditors: amounts falling due within one year
(3,938,635)
(3,576,412)
Net current assets
111,056 
152,455 
Total assets less current liabilities
129,160 
176,593 
Creditors: amounts falling due after more than one year
(10,956)
(21,605)
Provisions for liabilities
Deferred tax
(3,439)
(4,586)
Net assets
114,765 
150,402 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
114,665 
150,302 
Shareholders' funds
114,765 
150,402 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Benjamin Miles Snedker Director Company Registration No. 12462151
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HIGHFIELDS HOMES LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
HIGHFIELDS HOMES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12462151. The registered office is 16 GRESLEY CLOSE, DRAYTON FIELDS INDUSTRIAL ESTATE, DAVENTRY, NORTHAMPTONSHIRE, NN11 8RZ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
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:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
52,373 
At 29 February 2024
52,373 
Depreciation
At 1 March 2023
28,235 
Charge for the year
6,034 
At 29 February 2024
34,269 
Net book value
At 29 February 2024
18,104 
At 28 February 2023
24,138 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,935,916 
1,935,916 
Other debtors
8,664 
13,911 
1,944,580 
1,949,827 
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HIGHFIELDS HOMES LIMITED Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,438 
1,342 
Obligations under finance leases and hire purchase contracts
- 
3,315 
Trade creditors
12,138 
121,233 
Taxes and social security
(283)
25,224 
Other creditors
2,245,339 
1,754,295 
Accruals
1,671,003 
1,671,003 
3,938,635 
3,576,412 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,956 
21,605 
8
Transactions with related parties
Other creditors include amounts of £2,244,339 (2023 - £1,728,503) due to Snedker & Smith Ltd, a company controlled by the directors, £Nil (2023 - £24,474) due to Proactive Security Services Ltd, a company controlled by B M Snedker and £1,000 (2023 - £1,048) due to R A Smith. There are no terms for repayment.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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