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REGISTERED NUMBER: 02588563 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

HIGHACRE, 1 OLD PARK ROAD, MANAGEMENT
COMPANY LIMITED

HIGHACRE, 1 OLD PARK ROAD, MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02588563)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HIGHACRE, 1 OLD PARK ROAD, MANAGEMENT
COMPANY LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2024







DIRECTORS: P Barclay
C Negri
V Poinoosawmy
M J Sobieroj
N P Taylor





REGISTERED OFFICE: 1 Rushmills
Northampton
NN4 7YB





REGISTERED NUMBER: 02588563 (England and Wales)





ACCOUNTANTS: TC Group
6-7 Castle Gate,
Castle Street
Hertford
Hertfordshire
SG14 1HD

HIGHACRE, 1 OLD PARK ROAD, MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02588563)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 140,000 140,000

CURRENT ASSETS
Debtors 5 21,951 35,951

CREDITORS
Amounts falling due within one year 6 142,987 142,987
NET CURRENT LIABILITIES (121,036 ) (107,036 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,964 32,964

CAPITAL AND RESERVES
Called up share capital 18 18
Retained earnings 18,946 32,946
SHAREHOLDERS' FUNDS 18,964 32,964

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

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

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 29 May 2025 and were signed on its behalf by:





M J Sobieroj - Director


HIGHACRE, 1 OLD PARK ROAD, MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02588563)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024


1. STATUTORY INFORMATION

Highacre, 1 Old Park Road, Management Company Limited 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.

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.

Service charge funds
The company is responsible for the management of the property known as Highacre, 1 Old Park Road and has instructed a managing agent to collect service charges from lessees in order to fund expenditure incurred in the management of the property. The service charge funds are held in trust on behalf of the leaseholders as required by Section 42 of the Landlord & Tenant Act 1987. All service charge transactions relating to the management of the property are reported separately and are excluded from the company's financial statements.

Investment property
The property is held for investment and not for consumption and the directors consider that to depreciate it would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which otherwise would have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 June 2023
and 31 May 2024 140,000
NET BOOK VALUE
At 31 May 2024 140,000
At 31 May 2023 140,000

The value of the investment property, which has been stated at cost, has been considered by the directors. The directors believe this to be an appropriate value given current market conditions for the property.

HIGHACRE, 1 OLD PARK ROAD, MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02588563)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 21,951 35,951

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,987 2,987
Other creditors 140,000 140,000
142,987 142,987