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REGISTERED NUMBER: 05541862 (England and Wales)















Highview Parking Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Highview Parking Limited (Registered number: 05541862)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Highview Parking Limited

Company Information
for the year ended 30 June 2024







Directors: I S Langdon
E D Morris
G H D Rose





Registered office: Jack Straw's Castle
12 North End Way
London
NW3 7ES





Registered number: 05541862 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Highview Parking Limited (Registered number: 05541862)

Balance Sheet
30 June 2024

2024 2023
Notes £ £
Current assets
Debtors 4 6,557,226 6,306,502
Cash at bank 44,900 526,576
6,602,126 6,833,078
Creditors
Amounts falling due within one year 5 1,628,330 2,376,820
Net current assets 4,973,796 4,456,258
Total assets less current liabilities 4,973,796 4,456,258

Capital and reserves
Called up share capital 6 1 1
Retained earnings 7 4,973,795 4,456,257
Shareholders' funds 4,973,796 4,456,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 6 March 2025 and were signed on its behalf by:





I S Langdon - Director


Highview Parking Limited (Registered number: 05541862)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

Highview Parking Limited 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.

Going concern
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, the directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

Turnover
Turnover comprises revenue generated by the company in respect of car park management services supplied directly to clients. Revenue is recognised in line with the terms of the client contracts when the services are supplied. Revenue is recognised exclusive of Value Added Tax.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

Highview Parking Limited (Registered number: 05541862)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


3. Employees and directors

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

4. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 3,590 8,105
Amounts owed by group undertakings 6,540,343 6,284,023
Other debtors 13,293 14,374
6,557,226 6,306,502

5. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 1,485 1,840
Amounts owed to group undertakings 1,126,849 1,876,849
Taxation and social security 392,185 219,672
Other creditors 107,811 278,459
1,628,330 2,376,820

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

7. Reserves
Retained
earnings
£

At 1 July 2023 4,456,257
Profit for the year 517,538
At 30 June 2024 4,973,795