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Registration number: 07838334

Highclere Consultancy Limited

Annual Report and Unaudited Financial Statements Year Ended 30 November 2024

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Chartered Accountants

 

Highclere Consultancy Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Highclere Consultancy Limited

Company Information

Directors

Mr N E Thomas

Mrs L J Thomas

Registered office

Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

Accountants

Edwards & Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Highclere Consultancy Limitedfor the Year Ended 30 November 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Highclere Consultancy Limited for the year ended 30 November 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Highclere Consultancy Limited, as a body, in accordance with the terms of our engagement letter dated 5 November 2024. Our work has been undertaken solely to prepare for your approval the accounts of Highclere Consultancy Limited and state those matters that we have agreed to state to the Board of Directors of Highclere Consultancy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Highclere Consultancy Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Highclere Consultancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Highclere Consultancy Limited. You consider that Highclere Consultancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Highclere Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

28 April 2025

 

Highclere Consultancy Limited

(Registration number: 07838334)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

18,155

25,331

Current assets

 

Debtors

5

17,712

30,157

Investments

6

1

468

Cash at bank and in hand

 

416,538

391,636

 

434,251

422,261

Creditors: Amounts falling due within one year

7

(66,626)

(47,281)

Net current assets

 

367,625

374,980

Total assets less current liabilities

 

385,780

400,311

Provisions for liabilities

(3,814)

(5,771)

Net assets

 

381,966

394,540

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

381,866

394,440

Shareholders' funds

 

381,966

394,540

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 April 2025 and signed on its behalf by:
 



Mr N E Thomas
Director

 

Highclere Consultancy Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
England

The principal place of business is:
Flexford Court House
Andover Road
Highclere
Newbury
Berkshire
RG20 9PU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Highclere Consultancy Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% Straight Line

Equipment

20% Straight Line

Motor vehicles

20% Straight Line

Investments

Current asset investments represent stablecoins cryptoassets held by the company at the year end. The stablecoins are recognised at their pounds sterling spot price at the date of the transaction.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Highclere Consultancy Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Highclere Consultancy Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

4

Tangible assets

Equipment
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost

At 1 December 2023

5,983

9,764

34,950

50,697

Additions

2,311

-

-

2,311

At 30 November 2024

8,294

9,764

34,950

53,008

Depreciation

At 1 December 2023

3,736

7,650

13,980

25,366

Charge for the year

1,659

838

6,990

9,487

At 30 November 2024

5,395

8,488

20,970

34,853

Carrying amount

At 30 November 2024

2,899

1,276

13,980

18,155

At 30 November 2023

2,247

2,114

20,970

25,331

5

Debtors

Current

2024
£

2023
£

Trade debtors

16,631

-

Other debtors

1,081

30,157

 

17,712

30,157

6

Current asset investments

2024
£

2023
£

Other investments

1

468

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

61,937

44,219

Other creditors

4,689

3,062

66,626

47,281

 

Highclere Consultancy Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Related party transactions

Transactions with directors

2024

At 1 December 2023
£

Advances to director
£

Repayments by director
£

Other payments made to company by director
£

At 30 November 2024
£

Mr N E Thomas

Directors loan account - Interest charged at 2.25% and repayable on demand

(30,157)

(3,148)

31,702

520

(1,083)

2023

At 1 December 2022
£

Advances to director
£

Repayments by director
£

Other payments made to company by director
£

At 30 November 2023
£

Mr N E Thomas

Directors loan account - Interest charged at 2.25% and repayable on demand

(46,551)

(31,126)

47,000

520

(30,157)