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Highball Brands Limited
Registered Number:09999664
For the period ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the period ended 31 December 2023
Highball Brands Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
09999664
As at 31 December 2023
Highball Brands Limited
Statement of Financial Position
£
£
2023
2023
Notes
Fixed assets
Property, plant and equipment
2,221
2,243
2
2,221
2,243
Current assets
Inventories
290,496
252,135
3
Trade and other receivables
181,080
198,301
4
7,895
Cash and cash equivalents
7,422
457,858
479,471
Trade and other payables: amounts falling due within one
year
(857,951)
(927,900)
5
(378,480)
(470,042)
Net current liabilities
Total assets less current liabilities
(467,821)
(376,237)
Trade and other payables: amounts falling due after more
than one year
(35,648)
(31,019)
6
(498,840)
Net liabilities
(411,885)
Capital and reserves
Called up share capital
4
4
Retained earnings
(498,844)
(411,889)
(498,840)
(411,885)
Shareholders' funds
For the period ended 31 December 2023 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 of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
F P M Limon Director
These financial statements were approved and authorised for issue by the Board on 19 March 2025 and were signed by:
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4
Registered Number :
09999664
For the period ended 31 December 2023
Highball Brands Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the period ended 31 December 2023
Highball Brands Limited
Notes to the Financial Statements
Statutory Information
Highball Brands Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09999664.
Registered address:
5th Floor
167-169 Great Portland Street
London
England
W1W 5PF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Fixtures & Fittings
25% Reducing balance
Office Equipment
Inventories
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Going concern
At 31 December 2023, the company had net current liabilities of £470,042 (Feb 2023 : £378,480 ) and net liabilities
of £498,840 (Feb 2023: £411,885 ). The director has considered the working capital available as at 31 December
2023, which is reviewed on a regular basis, together with the continued support from the company's shareholders
and lenders, and is of the opinion that this will be sufficient to enable the company to continue operating for at least
the 12 months from the signing of these accounts. He has therefore concluded that the accounts should continue to
be prepared on the going concern basis.
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6
For the period ended 31 December 2023
Highball Brands Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures &
Fittings
Office
Equipment
£
£
£
Cost or
valuation
At 01 March 2023
4,505
242
4,263
579
-
579
Additions
At 31 December 2023
4,842
242
5,084
Provision for depreciation and impairment
At 01 March 2023
2,262
60
2,202
Charge for period
601
51
550
At 31 December 2023
2,863
111
2,752
At 31 December 2023
Net book value
2,090
131
2,221
At 28 February 2023
2,061
182
2,243
3. Inventories
2023
2023
£
£
Stocks
252,135
290,496
4. Trade and other receivables
2023
2023
£
£
Trade debtors
160,812
162,366
Other debtors
37,489
18,714
181,080
198,301
5. Trade and other payables: amounts falling due within one year
2023
2023
£
£
Bank loans and overdraft
5,556
5,556
Trade creditors
191,290
285,683
Taxation and social security
106,614
146,089
Other creditors
624,440
420,623
927,900
857,951
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7
For the period ended 31 December 2023
Highball Brands Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2023
£
£
Bank loans and overdraft
31,019
35,648
Analysis of creditors falling due after more than five years:
Payable by instalments
8,796
13,426
7. Related party transactions
The company has a loan of £124,946 from its parent company. The loan was provided interest free but is repayable
on demand. There was no movement in the loan balance within the year. This is shown in other creditors in note 5 of
the accounts.
8. Average number of persons employed
During the year the average number of employees was 4 (2023 : 3)
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