Registered number
SC210563
Higherdelta Limited
Filleted Accounts
30 September 2024
Higherdelta Limited
Registered number: SC210563
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 4,076,700 2,022,539
Current assets
Debtors 4 676,598 116,489
Cash at bank and in hand 232,757 91,213
909,355 207,702
Creditors: amounts falling due within one year 5 (357,117) (313,736)
Net current (liabilities)/assets 552,238 (106,034)
Total assets less current liabilities 4,628,938 1,916,505
Creditors: amounts falling due after more than one year 6 (269,220) (302,675)
Net assets 4,359,718 1,613,830
Capital and reserves
Called up share capital 2 2
Revaluation reserve 8 2,720,900 70,355
Profit and loss account 1,638,816 1,543,473
Shareholders' funds 4,359,718 1,613,830
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Harbhajan Singh Sandhu
Director
Approved by the board on 21 April 2025
Higherdelta Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings Nil rate depreciation
Plant and machinery 25% on cost
Investment properties
All of the company's properties are held for long term invtesmnet. Investment properties are accounted for as follows:

(i) Investment properties are intially recorded at cost which includes purchase cost and any directly attributable expenditure.

(ii) Thereafter, investment properties are revalued at each balance sheet to their fair value, where this can be measured reliably.

(iii) The surplus or deficit arising on revaluation in the financial year is recognised in the profit and loss account for that year. Revaluation gains and losses are accumulated in the profit and loss account reserve, unless the revaluation amount exceeds original cost in which case, a transfer is made of the surplus to a non-distributable reserve (fair value reserve) in the balance sheet.

(v) Deferred taxation is provided on any gains at the rate expected to apply when a property is sold.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Property
£
Cost
At 1 October 2023 2,022,539
Revaluation 2,120,436
Disposals (66,275)
At 30 September 2024 4,076,700
The fair value of the investment property has been arrived at on the basis of valuations carried out by the director who is not a professional qualified valuer. The vaulation was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the current state of the rental market in the area where the properties are situated.

The investment properties are the subject of a considerable revaluation of c.£2million during the year.
4 Debtors 2024 2023
£ £
Deferred tax asset 530,109 -
Other debtors 146,489 116,489
676,598 116,489
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 18,364 18,364
Accruals & Deferred Income 17,372 18,272
Taxation and social security costs 74,647 52,099
Other creditors 246,734 225,001
357,117 313,736
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 269,220 302,675
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 269,220 321,039
A bond and floating charge is applied by the financiers over the property assets of the company.
8 Revaluation reserve 2024 2023
£ £
At 1 October 2023 70,355 70,355
Gain on revaluation of land and buildings 2,120,436 -
Deferred taxation arising on the revaluation of land and buildings 530,109 -
At 30 September 2024 2,720,900 70,355
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Harbhajan Singh Sandhu
Director's loan 68,369 - - 68,369
68,369 - - 68,369
10 Related party transacations
A loan advance of £30,000 was made to Easyfoodscotland Ltd (SC782228) during the year, both companies having common directorship and control.

The loan carries no interest charge and there are no fixed repayment terms.
10 Controlling party
The director, Harbhajan Singh Sandhu, holds a 100% beneficial interest in the share capital of the company.
11 Other information
Higherdelta Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
48 Waverley Crescent
Cumbernauld
Glasgow
G67 4BG
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