IRIS Accounts Production v25.1.3.33 11539199 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115391992023-08-31115391992024-08-31115391992023-09-012024-08-31115391992022-08-31115391992022-09-012023-08-31115391992023-08-3111539199ns15:EnglandWales2023-09-012024-08-3111539199ns14:PoundSterling2023-09-012024-08-3111539199ns10:Director12023-09-012024-08-3111539199ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3111539199ns10:SmallEntities2023-09-012024-08-3111539199ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3111539199ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3111539199ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3111539199ns10:FullAccounts2023-09-012024-08-3111539199ns10:Director22023-09-012024-08-3111539199ns10:CompanySecretary12023-09-012024-08-3111539199ns10:RegisteredOffice2023-09-012024-08-3111539199ns5:CurrentFinancialInstruments2024-08-3111539199ns5:CurrentFinancialInstruments2023-08-3111539199ns5:Non-currentFinancialInstruments2024-08-3111539199ns5:Non-currentFinancialInstruments2023-08-3111539199ns5:ShareCapital2024-08-3111539199ns5:ShareCapital2023-08-3111539199ns5:FurtherSpecificReserve1ComponentTotalEquity2024-08-3111539199ns5:FurtherSpecificReserve1ComponentTotalEquity2023-08-3111539199ns5:RetainedEarningsAccumulatedLosses2024-08-3111539199ns5:RetainedEarningsAccumulatedLosses2023-08-3111539199ns5:PlantMachinery2023-09-012024-08-3111539199ns5:PlantMachinery2023-08-3111539199ns5:PlantMachinery2024-08-3111539199ns5:PlantMachinery2023-08-3111539199ns5:CostValuation2023-08-3111539199ns5:AdditionsToInvestments2024-08-3111539199ns5:CostValuation2024-08-3111539199ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3111539199ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31115391991ns10:Director12023-08-31115391991ns10:Director12022-08-31115391991ns10:Director12023-09-012024-08-31115391991ns10:Director12022-09-012023-08-31115391991ns10:Director12024-08-31115391991ns10:Director12023-08-31
REGISTERED NUMBER: 11539199 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

HIGHFIELD PROPERTY GROUP LTD

HIGHFIELD PROPERTY GROUP LTD (REGISTERED NUMBER: 11539199)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGHFIELD PROPERTY GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: R M Price
Mrs P Price





SECRETARY: Mrs P Price





REGISTERED OFFICE: 12 Cyfarthfa Court
Gwaelodygarth Lane
Merthyr Tydfil
United Kingdom
CF47 8EY





REGISTERED NUMBER: 11539199 (England and Wales)





ACCOUNTANTS: Baker Knoyle Chartered Accountants
Orbit Business Centre
Merthyr Tydfil
CF48 1DL

HIGHFIELD PROPERTY GROUP LTD (REGISTERED NUMBER: 11539199)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 14,816 19,945
Investments 5 64,906 64,414
Investment property 6 771,851 771,851
851,573 856,210

CURRENT ASSETS
Stocks 876,085 286,697
Debtors 7 713,640 598,248
Cash at bank 20,352 5,042
1,610,077 889,987
CREDITORS
Amounts falling due within one year 8 2,117,576 1,405,212
NET CURRENT LIABILITIES (507,499 ) (515,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,074

340,985

CREDITORS
Amounts falling due after more than one
year

9

(225,140

)

(230,756

)

PROVISIONS FOR LIABILITIES (2,863 ) (3,790 )
NET ASSETS 116,071 106,439

CAPITAL AND RESERVES
Called up share capital 2 2
Other reserves 7,159 7,159
Retained earnings 108,910 99,278
116,071 106,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HIGHFIELD PROPERTY GROUP LTD (REGISTERED NUMBER: 11539199)

BALANCE SHEET - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





R M Price - Director


HIGHFIELD PROPERTY GROUP LTD (REGISTERED NUMBER: 11539199)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Highfield Property Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

HIGHFIELD PROPERTY GROUP LTD (REGISTERED NUMBER: 11539199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 36,637
Additions 6,000
Disposals (6,000 )
At 31 August 2024 36,637
DEPRECIATION
At 1 September 2023 16,692
Charge for year 6,379
Eliminated on disposal (1,250 )
At 31 August 2024 21,821
NET BOOK VALUE
At 31 August 2024 14,816
At 31 August 2023 19,945

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 September 2023 275 64,139 64,414
Additions - 492 492
At 31 August 2024 275 64,631 64,906
NET BOOK VALUE
At 31 August 2024 275 64,631 64,906
At 31 August 2023 275 64,139 64,414

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 771,851
NET BOOK VALUE
At 31 August 2024 771,851
At 31 August 2023 771,851

HIGHFIELD PROPERTY GROUP LTD (REGISTERED NUMBER: 11539199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2019 416
Valuation in 2020 (47,514 )
Valuation in 2021 55,838
Valuation in 2022 180,951
Valuation in 2023 16,726
Cost 565,434
771,851

.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 610,647 511,209
Other debtors 102,993 87,039
713,640 598,248

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,368 5,119
Trade creditors 1,076 459
Amounts owed to group undertakings 415,327 289,146
Taxation and social security 963 1,715
Other creditors 1,694,842 1,108,773
2,117,576 1,405,212

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 225,140 230,756

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
R M Price
Balance outstanding at start of year (839,303 ) (658,058 )
Amounts advanced 45,550 -
Amounts repaid (324,339 ) (181,245 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,118,092 ) (839,303 )