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REGISTERED NUMBER: SC664491 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

HIGHER LOVE LIMITED

HIGHER LOVE LIMITED (REGISTERED NUMBER: SC664491)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

HIGHER LOVE LIMITED

COMPANY INFORMATION
for the year ended 30 JUNE 2024







DIRECTOR: Miss M Miller





REGISTERED OFFICE: Atlantic Chambers
1A Cadogan Street
Glagow
G2 6QE





REGISTERED NUMBER: SC664491 (Scotland)

HIGHER LOVE LIMITED (REGISTERED NUMBER: SC664491)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 4,000 4,000

CREDITORS
Amounts falling due within one year 4 (12,427 ) (12,427 )
NET CURRENT LIABILITIES (8,427 ) (8,427 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,427

)

(8,427

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (8,428 ) (8,428 )
(8,427 ) (8,427 )

The company is entitled to exemption from audit under Section 480 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 director acknowledges her 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 22 March 2025 and were signed by:





Miss M Miller - Director


HIGHER LOVE LIMITED (REGISTERED NUMBER: SC664491)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 JUNE 2024

1. STATUTORY INFORMATION

Higher Love Limited is a private company, limited by shares, registered in Scotland, registration number SC664491. The registered office is Atlantic Chambers 1a, Cadogan Street, Glasgow, Scotland, G2 6QE.

The principal activity of the company is beauty and care products.

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.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Going concern
These financial statements have been prepared on the going concern basis despite the fact that Statement of Financial Position is showing a net current liability position of the Company. The key driver for this are loans provided to the Company by the director/shareholder and associated companies, which are all repayable on demand with no fixed terms of repayment. The director does not intend to recall the loans within the next 12 months, hence going concern basis of the Company is considered to be appropriate.

Significant judgements and estimates
In preparing these financial statements, the director is required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

There are no significant judgements or estimates used in the preparation of these accounts.

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

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances.

Creditors
Short term trade creditors are measured at the transaction price.

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

3. EMPLOYEES AND DIRECTORS

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

HIGHER LOVE LIMITED (REGISTERED NUMBER: SC664491)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 JUNE 2024

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to associates 12,311 12,311
Other creditors 116 116
12,427 12,427