FINANCIAL PERIOD DATA REFRESH REQUIRED
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Registration number:
HIGHFLOW PROPERTIES LTD
for the Year Ended 30 June 2024
HIGHFLOW PROPERTIES LTD
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Statement of Comprehensive Income |
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Statement of Financial Position |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
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Detailed Statement of Comprehensive Income |
HIGHFLOW PROPERTIES LTD
Company Information
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Director |
Mr B Taylor |
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Registered office |
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Accountants |
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HIGHFLOW PROPERTIES LTD
Director's Report for the Year Ended 30 June 2024
The director presents his report and the financial statements for the year ended 30 June 2024.
Director of the company
The director who held office during the year was as follows:
Small companies provision statement
This report has 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.
Approved and authorised by the
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Chartered
Certified
Accountants' Report to the
Director
on the Preparation of the Unaudited Statutory Accounts of
HIGHFLOW PROPERTIES LTD
for the
Year
Ended
30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of HIGHFLOW PROPERTIES LTD for the year ended 30 June 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the Board of Directors of HIGHFLOW PROPERTIES LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of HIGHFLOW PROPERTIES LTD and state those matters that we have agreed to state to the Board of Directors of HIGHFLOW PROPERTIES LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HIGHFLOW PROPERTIES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that HIGHFLOW PROPERTIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of HIGHFLOW PROPERTIES LTD. You consider that HIGHFLOW PROPERTIES LTD 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 HIGHFLOW PROPERTIES LTD. 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.
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Chartered Certified Accountants
West Wickham
Kent
BR4 0LS
HIGHFLOW PROPERTIES LTD
Statement of Comprehensive Income for the Year Ended 30 June 2024
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Note |
2024 |
2023 |
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Turnover |
- |
- |
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Gross profit/(loss) |
- |
- |
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Administrative expenses |
( |
- |
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Operating loss |
(72) |
- |
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Loss before tax |
( |
- |
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Loss for the financial year |
( |
- |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
HIGHFLOW PROPERTIES LTD
(Registration number: 14194897)
Statement of Financial Position as at 30 June 2024
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Note |
2024 |
2023 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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- |
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Creditors: Amounts falling due within one year |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Profit and loss account |
(72) |
- |
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Shareholders' funds |
28 |
100 |
For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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HIGHFLOW PROPERTIES LTD
Statement of Changes in Equity for the Year Ended 30 June 2024
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Share capital |
Profit and loss account |
Total |
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At 1 July 2023 |
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- |
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Loss for the year |
- |
( |
( |
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At 30 June 2024 |
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( |
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Share capital |
Total |
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At 1 July 2022 |
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At 30 June 2023 |
100 |
100 |
HIGHFLOW PROPERTIES LTD
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
Principal activity
The principal activity of the company is Property
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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.
The financial statements are prepared in sterling which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities
HIGHFLOW PROPERTIES LTD
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)
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2 |
Accounting policies (continued) |
Financial instruments
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Debtors |
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2024 |
2023 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Due within one year |
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Other creditors |
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- |
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Reserves |
Profit and loss account:
This reserve records retained earnings and accumulated losses.
HIGHFLOW PROPERTIES LTD
Detailed Statement of Comprehensive Income for the Year Ended 30 June 2024
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2024 |
2023 |
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Turnover |
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- |
- |
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Administrative expenses |
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Bank charges |
72 |
- |
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72 |
- |
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Operating loss |
(72) |
- |
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Loss before tax |
(72) |
- |