Highneal Limited Filleted Accounts Cover |
Company No. 01912258 | |||||||||
Highneal Limited Directors Report Registrar |
The Directors present their report and the accounts for the year ended 30 June 2024. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
A.P. Criss | |||||||||
A.P. Criss | |||||||||
J.P. Criss | |||||||||
R. Criss | |||||||||
Signed on behalf of the board | |||||||||
A.P. Criss | |||||||||
Director | |||||||||
24 March 2025 |
Highneal Limited Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2024 | 2023 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Investment property | 4 | |||||||||
Investments | 5 | |||||||||
Current assets | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 7 | ( | ( | |||||||
Net current (liabilities)/assets | ( | |||||||||
Total assets less current liabilities | ||||||||||
Creditors: Amounts falling due after more than one year | 8 | ( | ( | |||||||
Provisions for liabilities | ||||||||||
Deferred taxation | ( | ( | ||||||||
Net assets | ||||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 10 | |||||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 24 March 2025 and signed on its behalf by: | ||||||||||
A.P. Criss | ||||||||||
Director | ||||||||||
24 March 2025 |
Highneal Limited Notes to the Accounts Registrar |
for the year ended 30 June 2024 | ||||||||||||||
1 | General information | |||||||||||||
Highneal Limited is a private company limited by shares and incorporated in England and Wales. | ||||||||||||||
Its registered number is: 01912258 | ||||||||||||||
Its registered office is: | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Freehold investment property | ||||||||||||||
No depreciation is provided in respect of investment properties. | ||||||||||||||
Investments | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
Provisions | ||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||
3 | Employees | |||||||||||||
2024 | 2023 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Investment property | |||||||||||||
Freehold Investment Property | ||||||||||||||
£ | ||||||||||||||
Valuation | ||||||||||||||
At 1 July 2023 | ||||||||||||||
Additions | ||||||||||||||
Revaluation | ( | |||||||||||||
At 30 June 2024 | ||||||||||||||
5 | Investments | |||||||||||||
Investment in Subsidiaries | Total | |||||||||||||
£ | £ | |||||||||||||
Cost or valuation | ||||||||||||||
At 1 July 2023 | ||||||||||||||
At 30 June 2024 | ||||||||||||||
Provisions/Impairment | ||||||||||||||
Net book values | ||||||||||||||
At 30 June 2024 | ||||||||||||||
At 30 June 2023 | ||||||||||||||
6 | Debtors | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Amounts owed by group undertakings | ||||||||||||||
Corporation tax recoverable | ||||||||||||||
VAT recoverable | ||||||||||||||
Other debtors | ||||||||||||||
Prepayments and accrued income | ||||||||||||||
7 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Trade creditors | ||||||||||||||
Amounts owed to group undertakings | ||||||||||||||
Taxes and social security | ||||||||||||||
Loans from directors | ||||||||||||||
Other creditors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
8 | Creditors: | |||||||||||||
amounts falling due after more than one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Liabilities repayable in more than five years after the balance sheet date | ||||||||||||||
9 | Share Capital | |||||||||||||
260,000 Ordinary £1 Shares are allocated, called up and fully paid. | ||||||||||||||
10 | Reserves | |||||||||||||
11 | Related party disclosures | |||||||||||||
Transactions with related parties | ||||||||||||||
Forgate Developments Limited a 100% subsidiary of Highneal Limited owes £11,318,596 at 30 June 2024. Core Property Management & Consultancy Limited a 100% subsidiary of Highneal Limited is owed £453,490 at 30 June 2024. Hornport Construction Limited a 100% subsidiary of Highneal Limited is owed £5,592,837 at 30 June 2024. Highneal Group Limited the parent company of Highneal Limited owes £104,240 at 30 June 2024. Wingate Portfolio LLP is a partnership that Highneal Limited is a member and £1,470,000 is owed at 30 June 2024. Henbridge 3 LLP is a partnership that Highneal Limited is a member and £1,667,920 is owed at 30 June 2024. Barton Properties UK Limited a company owned by the sons of Mr A P Criss owes Highneal Limited £1,508,372 at 30 June 2024. | ||||||||||||||