Silverfin false true 31/12/2024 01/01/2024 31/12/2024 Nicholas John Pike 21/09/2023 27 March 2025 The Company is dormant and has not traded during the financial year or subsequent to the year end.
The Director anticipates that the Company will not trade in the foreseeable future.
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Company No: 06750598 (England and Wales)

HIGHCROSS RESIDENTIAL (NOMINEES 1) LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

HIGHCROSS RESIDENTIAL (NOMINEES 1) LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

HIGHCROSS RESIDENTIAL (NOMINEES 1) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
HIGHCROSS RESIDENTIAL (NOMINEES 1) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Debtors 3 2 2
2 2
Net current assets 2 2
Total assets less current liabilities 2 2
Net assets 2 2
Capital and reserves
Called-up share capital 2 2
Total shareholder's funds 2 2

Highcross Residential (Nominees 1) Limited (registered number: 06750598) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Highcross Residential (Nominees 1) Limited (registered number: 06750598) were approved and authorised for issue by the Director. They were signed on its behalf by:

Nicholas John Pike
Director

27 March 2025

HIGHCROSS RESIDENTIAL (NOMINEES 1) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
HIGHCROSS RESIDENTIAL (NOMINEES 1) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Highcross Residential (Nominees 1) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Centenary Chapel Chapel Road, Thurgarton, Norwich, NR11 7NP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Charges

A charge was created on the 28th November 2018 in relation to the property The Circus Apartments, 12 Highcross Lane, Leicester, LE1 4SD. The charge contains a fixed and floating charge. It also contains a negative pledge.
A further charge was created on the 19th January 2024 in relation to the property The Circus Apartments, 12 Highcross Lane, Leicester, LE1 4SD. The charge contains a fixed charge and contains a negative pledge.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

The Directors did not receive any remuneration for their services from the Company in the year (2023: £Nil), having been paid by other group undertakings. It is deemed impractical to allocate their remuneration between group undertakings for the purpose of disclosure.

3. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 2 2

Amounts owed by the immediate parent company are repayable on demand, unsecured and are non-interest bearing.

4. Ultimate controlling party

At 31 December 2024, the Company's immediate parent company was Highcross Shopping Centre Limited, which is registered in England and Wales.

At 31 December 2024, the Company's ultimate controlling parties were Hammerson plc, M&G Plc and The Norinchukin Bank which are registered in England and Wales and overseas, respectively. At 31 December 2024, the Company's ultimate parent company was Highcross Leicester Holdings Limited, which is registered in England and Wales, and is the smallest and largest group to consolidate these financial statements.

The consolidated financial statements of Highcross Leicester Holdings Limited are available from that company's registered office, Marble Arch House, 66 Seymour Street, London, England, W1H 5BX.

The consolidated financial statements of Hammerson plc, are available from that company's registered office, Marble Arch House, 66 Seymour Street, London, England, W1H 5BX.

The consolidated financial statements of M&G Plc, are available from that company's registered office, 10 Fenchurch Avenue, London, EC3M 5AG.

The consolidated financial statements of The Norinchukin Bank, are available from that entity's registered office, 1-2-1, Otemachi, Chiyoda-Ku, Tokyo, 100-8155, Japan.