Highneal Limited Filleted Accounts Cover
Highneal Limited
Company No. 01912258
Information for Filing with The Registrar
30 June 2024
Highneal Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 June 2024.
Principal activities
The principal activity of the company during the year under review was acquiring property for investment .
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
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A.P. Criss
Director
24 March 2025
Highneal Limited Balance Sheet Registrar
at
30 June 2024
Company No.
01912258
Notes
2024
2023
£
£
Fixed assets
Investment property
4
17,062,54216,544,535
Investments
5
3,7013,701
17,066,24316,548,236
Current assets
Debtors
6
17,046,07217,828,653
Cash at bank and in hand
963,3181,431,782
18,009,39019,260,435
Creditors: Amount falling due within one year
7
(21,412,910)
(6,011,634)
Net current (liabilities)/assets
(3,403,520)
13,248,801
Total assets less current liabilities
13,662,72329,797,037
Creditors: Amounts falling due after more than one year
8
(11,613)
(15,021,836)
Provisions for liabilities
Deferred taxation
(887,615)
(947,432)
Net assets
12,763,49513,827,769
Capital and reserves
Called up share capital
260,000260,000
Profit and loss account
10
12,503,49513,567,769
Total equity
12,763,49513,827,769
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 June 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
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:
7 Union Court
Liverpool
L2 4SJ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at rents receivable during the year from investment properties.
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
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

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:
22
4
Investment property
Freehold Investment Property
£
Valuation
At 1 July 2023
16,544,536
Additions
757,272
Revaluation
(239,266)
At 30 June 2024
17,062,542
5
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 1 July 2023
3,701
3,701
At 30 June 2024
3,701
3,701
Provisions/Impairment
Net book values
At 30 June 2024
3,701
3,701
At 30 June 2023
3,701
3,701
6
Debtors
2024
2023
£
£
Amounts owed by group undertakings
11,422,83712,004,802
Corporation tax recoverable
11,06411,064
VAT recoverable
37,832378,354
Other debtors
5,501,2935,434,433
Prepayments and accrued income
73,046-
17,046,07217,828,653
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
15,009,9779,940
Trade creditors
13,275473
Amounts owed to group undertakings
6,046,327
5,711,093
Taxes and social security
7,307
7,370
Loans from directors
51,552-
Other creditors
143,311143,312
Accruals and deferred income
141,161139,446
21,412,9106,011,634
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,61315,021,836
11,61315,021,836
Liabilities repayable in more than five years after the balance sheet date
On the 29th March 2022 a new bank loan facility had been granted of £15,000,000. The loan is repayable within 36 months.
9
Share Capital
260,000 Ordinary £1 Shares are allocated, called up and fully paid.
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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.
Highneal Limited0191225830 June 202401 July 2023false24 March 2025BTCSoftware AP Solution 2024 11.2.0111.2.01true019122582023-07-012024-06-30019122582024-06-30019122582023-06-3001912258core:WithinOneYear2024-06-3001912258core:WithinOneYear2023-06-3001912258core:AfterOneYear2024-06-3001912258core:AfterOneYear2023-06-3001912258core:ShareCapital2024-06-3001912258core:ShareCapital2023-06-3001912258core:RetainedEarningsAccumulatedLosses2024-06-3001912258core:RetainedEarningsAccumulatedLosses2023-06-3001912258countries:UnitedKingdom2023-07-012024-06-3001912258bus:RegisteredOffice2023-07-012024-06-30019122582022-07-012023-06-3001912258core:FreeholdInvestmentProperty2023-07-0101912258core:FreeholdInvestmentProperty2023-07-012024-06-3001912258core:FreeholdInvestmentProperty2024-06-3001912258core:CostValuation2023-07-0101912258core:CostValuation2024-06-3001912258core:CostValuationcore:UnlistedNon-exchangeTraded2024-06-3001912258core:AfterOneYear2023-07-012024-06-3001912258core:RetainedEarningsAccumulatedLosses2023-07-012024-06-30019122582023-07-0101912258bus:SmallEntities2023-07-012024-06-3001912258bus:FullAccounts2023-07-012024-06-3001912258bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3001912258bus:Director22023-07-012024-06-3001912258bus:PrivateLimitedCompanyLtd2023-07-012024-06-30iso4217:GBPxbrli:pure