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Registration number: 14194897

HIGHFLOW PROPERTIES LTD

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

HIGHFLOW PROPERTIES LTD

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Statement of Comprehensive Income

4

Statement of Financial Position

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 8

Detailed Statement of Comprehensive Income

9

 

HIGHFLOW PROPERTIES LTD

Company Information

Director

Mr B Taylor

Registered office

Unit 3
Vulcan Business Centre
Vulcan Way
New Addington
Surrey
CR0 9UG

Accountants

Sherwoods
Chartered Certified Accountants83 High Street
West Wickham
Kent
BR4 0LS

 

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:

Mr B Taylor

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 director on 20 May 2025
 


Mr B Taylor
Director

 

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.

......................................

Sherwoods
Chartered Certified Accountants
83 High Street
West Wickham
Kent
BR4 0LS

20 May 2025

 

HIGHFLOW PROPERTIES LTD

Statement of Comprehensive Income for the Year Ended 30 June 2024

Note

2024
£

2023
£

Turnover

 

-

-

Gross profit/(loss)

 

-

-

Administrative expenses

 

(72)

-

Operating loss

 

(72)

-

Loss before tax

(72)

-

Loss for the financial year

 

(72)

-

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

Note

2024
£

2023
£

Current assets

 

Debtors

4

100

100

Cash at bank and in hand

 

67

-

 

167

100

Creditors: Amounts falling due within one year

5

(139)

-

Net assets

 

28

100

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(72)

-

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:

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 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 director on 20 May 2025
 


Mr B Taylor
Director

 

HIGHFLOW PROPERTIES LTD

Statement of Changes in Equity for the Year Ended 30 June 2024

Share capital
£

Profit and loss account
£

Total
£

At 1 July 2023

100

-

100

Loss for the year

-

(72)

(72)

At 30 June 2024

100

(72)

28

Share capital
£

Total
£

At 1 July 2022

100

100

At 30 June 2023

100

100

 

HIGHFLOW PROPERTIES LTD

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

1

General information

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

The address of its registered office is:
Unit 3
Vulcan Business Centre
Vulcan Way
New Addington
Surrey
CR0 9UG
England

Principal activity

The principal activity of the company is Property

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.

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)

2

Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Debtors

2024
£

2023
£

Other debtors

100

100

100

100

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

139

-

6

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

2024
£

2023
£

Turnover

-

-

Administrative expenses

Bank charges

72

-

72

-

Operating loss

(72)

-

Loss before tax

(72)

-