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REGISTERED NUMBER: SC104762 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HIGHFIELD PROPERTY INVESTMENTS
LIMITED

HIGHFIELD PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: SC104762)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 8

HIGHFIELD PROPERTY INVESTMENTS
LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2025







DIRECTORS: W Rae
W J Rae
D M Rae





REGISTERED OFFICE: 17 Victoria Street
Aberdeen
AB10 1PU





REGISTERED NUMBER: SC104762 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS

HIGHFIELD PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: SC104762)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 210 703
Investment property 6 1,450,000 1,450,000
1,450,210 1,450,703

CURRENT ASSETS
Stocks 3,000 55,281
Debtors 7 27,323 31,807
30,323 87,088
CREDITORS
Amounts falling due within one year 8 55,749 74,558
NET CURRENT (LIABILITIES)/ASSETS (25,426 ) 12,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,424,784

1,463,233

CREDITORS
Amounts falling due after more than one year 9 (2,467 ) (12,469 )

PROVISIONS FOR LIABILITIES 11 (88,876 ) (88,876 )
NET ASSETS 1,333,441 1,361,888

CAPITAL AND RESERVES
Called up share capital 68,151 68,151
Fair value reserve 897,757 897,757
Retained earnings 367,533 395,980
SHAREHOLDERS' FUNDS 1,333,441 1,361,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 28 May 2025 and were signed on its behalf by:



W Rae - Director


HIGHFIELD PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: SC104762)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

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

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition
Revenue from property rental is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for the rental of property. Rental income due in arrears is included in debtors and income paid in advance by tenants is included in creditors.

Revenue from the sale of goods is recognised at the fair value of the consideration received or receivable from external customers in the ordinary nature of the business. The fair value of consideration takes into account trade discounts.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

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
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year/period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

HIGHFIELD PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: SC104762)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024
and 31 March 2025 509 774 1,994 3,277
DEPRECIATION
At 1 April 2024 355 500 1,719 2,574
Charge for year 127 193 173 493
At 31 March 2025 482 693 1,892 3,067
NET BOOK VALUE
At 31 March 2025 27 81 102 210
At 31 March 2024 154 274 275 703

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 1,450,000
NET BOOK VALUE
At 31 March 2025 1,450,000
At 31 March 2024 1,450,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2019 965,302
Cost 484,698
1,450,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 484,698 484,698

The garage and flats were valued on an open market basis on 31 March 2019 by the director .

HIGHFIELD PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: SC104762)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 11,181 14,796
Amounts owed by associates 180 180
Tax 3,686 4,594
Prepayments 12,276 12,237
27,323 31,807

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,457 24,501
Trade creditors 669 586
Tax 999 11,843
Social security and other taxes 1,421 1,489
VAT 10,145 11,813
Other creditors 694 426
Directors' current accounts 7,789 14
Accruals and deferred income 23,575 23,886
55,749 74,558

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 2,467 10,139
Bank loans - 2-5 years - 2,330
2,467 12,469

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 12,500 22,500

The company has granted a standard fixed security in favour of Bank of Scotland PLC over 2.1 acres of land at Hillview Road, East Tullos Industrial Estate, Aberdeen.

The company has granted a floating charge in favour of Bank of Scotland PLC over all present and future undertakings and assets of the company.

11. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 88,876 88,876

Deferred
tax
£   
Balance at 1 April 2024 88,876
Balance at 31 March 2025 88,876

HIGHFIELD PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: SC104762)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

12. OPERATING LEASE COMMITMENTS

The company as lessee:

The total future minimum lease payments under non-cancellable operating leases are as follows:

31.03.2531.03.24
££

Due less than 1 year72,10066,290
Due 1 to 5 years360,500324,450
Due more than 5 years612,850721,000
Total 1,045,450 1,111,740

The company as lessor:

At the year end the company had contracted with tenants, under non-cancellable operating leases, the following future minimum lease receivable amounts:

31.03.2531.03.24
££

Due less than 1 year251,385158,375
Due 1 to 5 years 1,211,425988,040
Due more than 5 years 2,077,1192,492,543
Total 3,539,9293,638,958

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
W Rae
Balance outstanding at start of year (13 ) 10,427
Amounts advanced 6,248 -
Amounts repaid (13,400 ) (10,440 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,165 ) (13 )

W J Rae
Balance outstanding at start of year - -
Amounts repaid (312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) -

D M Rae
Balance outstanding at start of year - -
Amounts repaid (312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) -

These amounts bear no interest and have no fixed repayment terms.

HIGHFIELD PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: SC104762)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

14. RELATED PARTY DISCLOSURES

As at 31 March 2025 W & I Rae (Investments) Limited, a company under common control of the director, owed a balance of £180 (2024: £180) to the company.






15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr W Rae by virtue of his ownership of 95% of the issued share capital.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HIGHFIELD PROPERTY INVESTMENTS
LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Highfield Property Investments Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Highfield Property Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Highfield Property Investments Limited and state those matters that we have agreed to state to the Board of Directors of Highfield Property Investments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Highfield Property Investments 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 Highfield Property Investments Limited. You consider that Highfield Property Investments Limited 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 financial statements of Highfield Property Investments 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.






Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS


28 May 2025