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REGISTERED NUMBER: 03690250 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Highmoor (Kernow) Limited

Highmoor (Kernow) Limited (Registered number: 03690250)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Highmoor (Kernow) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R G Hutt





SECRETARY: Mrs M E Hutt





REGISTERED OFFICE: Hillpark
Warbstow
Canworthy Water
Launceston
Cornwall
PL15 8UW





REGISTERED NUMBER: 03690250 (England and Wales)





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

Highmoor (Kernow) Limited (Registered number: 03690250)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,020 38,143

CURRENT ASSETS
Stocks 25,330 12,230
Debtors 5 18,864 68,913
Cash at bank 20,812 12,539
65,006 93,682
CREDITORS
Amounts falling due within one year 6 47,234 76,069
NET CURRENT ASSETS 17,772 17,613
TOTAL ASSETS LESS CURRENT LIABILITIES 54,792 55,756

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,692 55,656
SHAREHOLDERS' FUNDS 54,792 55,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Highmoor (Kernow) Limited (Registered number: 03690250)

Balance Sheet - continued
31 March 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 director and authorised for issue on 18 December 2024 and were signed by:





R G Hutt - Director


Highmoor (Kernow) Limited (Registered number: 03690250)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Highmoor ( Kernow ) Limited is a private company limited by shares, registered in England & Wales. The company number is 03690250. The registered office and trading address is Hillpark, Warbstow, Canworthy Water, Launceston, Cornwall, PL15 8UW.

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 net invoiced sales of goods and services, excluding value added tax.

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 etc - 25% on reducing balance and 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Highmoor (Kernow) Limited (Registered number: 03690250)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 3 ) .

Highmoor (Kernow) Limited (Registered number: 03690250)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 71,822
Additions 10,482
Disposals (9,750 )
At 31 March 2024 72,554
DEPRECIATION
At 1 April 2023 33,679
Charge for year 7,492
Eliminated on disposal (5,637 )
At 31 March 2024 35,534
NET BOOK VALUE
At 31 March 2024 37,020
At 31 March 2023 38,143

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 18,864 68,913

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 8,543
Trade creditors 12,848 45,516
Taxation and social security 5,396 11,112
Other creditors 28,990 10,898
47,234 76,069