THE HIGHLANDS GROUP LIMITED

Company Registration Number:
10485227 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

THE HIGHLANDS GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Additional notes
Balance sheet notes

THE HIGHLANDS GROUP LIMITED

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Investments: 3 22,505,025 755,025
Total fixed assets: 22,505,025 755,025
Current assets
Debtors: 4 2,167,074 2,060,744
Cash at bank and in hand: 113 113
Total current assets: 2,167,187 2,060,857
Creditors: amounts falling due within one year: 5 ( 4,162,678 ) ( 3,754,657 )
Net current assets (liabilities): (1,995,491) (1,693,800)
Total assets less current liabilities: 20,509,534 ( 938,775)
Provision for liabilities: ( 5,437,500 )
Total net assets (liabilities): 15,072,034 (938,775)
Capital and reserves
Called up share capital: 113 113
Profit and loss account: 15,071,921 (938,888 )
Total Shareholders' funds: 15,072,034 (938,775)

The notes form part of these financial statements

THE HIGHLANDS GROUP LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 November 2024
and signed on behalf of the board by:

Name: Heine Van Hiekerk
Status: Director

The notes form part of these financial statements

THE HIGHLANDS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Going concern After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. Foreign currency transactions and balances Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated. Investments Investments comprise of shares that the company holds in private entities. They are initially measured at cost, subsequently, if appropriate information is available it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. Equity instruments Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they they are no longer at the discretion of the company. Taxation The tax expenses represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on the taxable profit for the year. taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expenses that are taxable or deductible in other years and in future years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or subsequently enacted by the reporting end date. Deferred tax Deferred tax liabilities are generally recognised for all timing difference and deferred tax assets are recognised to the extent that its is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing differences arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. Financial instruments Classification Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account. Recognition and measurement All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

THE HIGHLANDS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 2

THE HIGHLANDS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Fixed assets investments note

Investments comprise of shares held in unlisted companies.

THE HIGHLANDS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Other debtors 2,167,074 2,060,744
Total 2,167,074 2,060,744

THE HIGHLANDS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 44,185 0
Accruals and deferred income 1,131,220 813,342
Other creditors 2,987,273 2,941,315
Total 4,162,678 3,754,657