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REGISTERED NUMBER: 13479941 (England and Wales)












Unaudited Financial Statements

for the Period 1 July 2023 to 31 December 2024

for

Highland Assets and Art Limited

Highland Assets and Art Limited (Registered number: 13479941)






Contents of the Financial Statements
for the period 1 July 2023 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Highland Assets and Art Limited

Company Information
for the period 1 July 2023 to 31 December 2024







DIRECTOR: S H Walton





REGISTERED OFFICE: 49 Broomhall Drive
Shavington
Cheshire
CW2 5SW





REGISTERED NUMBER: 13479941 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

Highland Assets and Art Limited (Registered number: 13479941)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks - 15,615
Cash at bank 40 16
40 15,631
CREDITORS
Amounts falling due within one year 5 (980 ) (1,380 )
NET CURRENT (LIABILITIES)/ASSETS (940 ) 14,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

(940

)

14,251

CREDITORS
Amounts falling due after more than one
year

6

(31,152

)

(30,793

)
NET LIABILITIES (32,092 ) (16,542 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (32,093 ) (16,543 )
(32,092 ) (16,542 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

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 10 March 2025 and were signed by:





S H Walton - Director


Highland Assets and Art Limited (Registered number: 13479941)

Notes to the Financial Statements
for the period 1 July 2023 to 31 December 2024

1. STATUTORY INFORMATION

Highland Assets and Art 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
The financial statements have not been prepared on the going concern basis as the company has ceased trading and the director is to seek the removal of the company from the Companies House register. Consequently all assets and liabilities have been recorded at their recoverable value.

On this basis the director considers it appropriate to prepare the financial statements on the break up basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation
Taxation for the period 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.

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 period 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.

Highland Assets and Art Limited (Registered number: 13479941)

Notes to the Financial Statements - continued
for the period 1 July 2023 to 31 December 2024

4. EMPLOYEES AND DIRECTORS

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 980 980
Other creditors - 400
980 1,380

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 31,152 30,793

7. POST BALANCE SHEET EVENTS

The company ceased trading on 31 December 2024 and it is now the intention of the director to seek dissolution of the company.