Company registration number 04838789 (England and Wales)
HIGHGROVE ACTUARIAL & TRUSTEE SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 17 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
HIGHGROVE ACTUARIAL & TRUSTEE SERVICES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6
HIGHGROVE ACTUARIAL & TRUSTEE SERVICES LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HIGHGROVE ACTUARIAL & TRUSTEE SERVICES LIMITED FOR THE PERIOD ENDED 17 MARCH 2025
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Highgrove Actuarial & Trustee Services Limited for the period ended 17 March 2025 which comprise, the balance sheet and the related notes 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 https://www.icaew.com/regulation.
This report is made solely to the board of directors of Highgrove Actuarial & Trustee Services Limited, as a body, in accordance with the terms of our engagement letter dated 25 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Highgrove Actuarial & Trustee Services Limited and state those matters that we have agreed to state to the board of directors of Highgrove Actuarial & Trustee Services 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 Highgrove Actuarial & Trustee Services Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Highgrove Actuarial & Trustee Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Highgrove Actuarial & Trustee Services Limited. You consider that Highgrove Actuarial & Trustee Services Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Highgrove Actuarial & Trustee Services 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 financial statements.
Waters & Atkinson
18 April 2025
Chartered Accountants
The Old Court House
Clark Street
Morecambe
Lancashire
LA4 5HR
HIGHGROVE ACTUARIAL & TRUSTEE SERVICES LIMITED
BALANCE SHEET
AS AT
17 MARCH 2025
17 March 2025
- 2 -
17 March 2025
17 September 2023
Notes
£
£
£
£
Fixed assets
Investments
4
265,161
345,363
Current assets
Debtors
12,757
9,863
Cash at bank and in hand
121,546
43,159
134,303
53,022
Creditors: amounts falling due within one year
(3,169)
(2,034)
Net current assets
131,134
50,988
Net assets
396,295
396,351
Capital and reserves
Called up share capital
30
30
Profit and loss reserves
396,265
396,321
Total equity
396,295
396,351
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 17 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 18 April 2025 and are signed on its behalf by:
Mr D J Townley
Director
Company registration number 04838789 (England and Wales)
HIGHGROVE ACTUARIAL & TRUSTEE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 17 MARCH 2025
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1
Accounting policies
Company information
Highgrove Actuarial & Trustee Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 28 Sanctuary Mews, Bromley Cross, Bolton, BL7 9GD.
1.1
Reporting period
The annual financial statements are presented for a period longer than one year as the company's new financial year end is the 17th March. The comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20%
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
HIGHGROVE ACTUARIAL & TRUSTEE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 17 MARCH 2025
1
Accounting policies
(Continued)
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1.7
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.8
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.9
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
1.10
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
1.11
Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
HIGHGROVE ACTUARIAL & TRUSTEE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 17 MARCH 2025
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2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2025
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Total
£
Cost
At 18 September 2023 and 17 March 2025
4,166
Depreciation and impairment
At 18 September 2023 and 17 March 2025
4,166
Carrying amount
At 17 March 2025
At 17 September 2023
4
Fixed asset investments
2025
2023
£
£
Other investments other than loans
265,161
345,363
Movements in fixed asset investments
Investments
£
Cost or valuation
At 18 September 2023
345,363
Additions
112,815
Valuation changes
23,047
Disposals
(216,064)
At 17 March 2025
265,161
Carrying amount
At 17 March 2025
265,161
At 17 September 2023
345,363
HIGHGROVE ACTUARIAL & TRUSTEE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 17 MARCH 2025
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5
Directors' transactions
During the period the Directors' loan account was overdrawn to a maximum of £373, this was fully repaid in the period.