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
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
HIGHFIELDS HOMES LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
18,104
24,138
Inventories
2,104,661
1,778,590
Debtors
1,944,580
1,949,827
Cash at bank and in hand
450
450
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
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
HIGHFIELDS HOMES LIMITED
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 29 February 2024
52,373
At 29 February 2024
34,269
At 29 February 2024
18,104
At 28 February 2023
24,138
Amounts falling due within one year
Accrued income and prepayments
1,935,916
1,935,916
Other debtors
8,664
13,911
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
7
Creditors: amounts falling due after more than one year
2024
2023
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).