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REGISTERED NUMBER: 06368736 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Highgate Construction Limited

Highgate Construction Limited (Registered number: 06368736)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Highgate Construction Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: T O B Smith
N J Smith
J M Ellis





REGISTERED OFFICE: 90-92 High Street
Evesham
Worcestershire
WR11 4EU





REGISTERED NUMBER: 06368736 (England and Wales)





ACCOUNTANTS: Attwoods
Chartered Certified Accountants
90-92 High Street
Evesham
Worcestershire
WR11 4EU

Highgate Construction Limited (Registered number: 06368736)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 350,219 283,713
Investment property 5 403,249 403,249
753,468 686,962

CURRENT ASSETS
Stocks 461,434 500,000
Debtors 6 589,932 174,382
Cash at bank 145,844 369,205
1,197,210 1,043,587
CREDITORS
Amounts falling due within one year 7 724,685 783,574
NET CURRENT ASSETS 472,525 260,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,225,993

946,975

CREDITORS
Amounts falling due after more than one
year

8

(50,899

)

(50,902

)

PROVISIONS FOR LIABILITIES (85,309 ) (72,651 )
NET ASSETS 1,089,785 823,422

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 1,089,285 822,922
SHAREHOLDERS' FUNDS 1,089,785 823,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Highgate Construction Limited (Registered number: 06368736)

Balance Sheet - continued
30 September 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 10 June 2025 and were signed on its behalf by:





J M Ellis - Director


Highgate Construction Limited (Registered number: 06368736)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Highgate Construction 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.

Highgate Construction Limited (Registered number: 06368736)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 341,326 5,365 224,479 12,702 583,872
Additions 23,473 - 119,281 3,301 146,055
At 30 September 2024 364,799 5,365 343,760 16,003 729,927
DEPRECIATION
At 1 October 2023 172,182 4,595 111,361 12,021 300,159
Charge for year 44,824 193 33,641 891 79,549
At 30 September 2024 217,006 4,788 145,002 12,912 379,708
NET BOOK VALUE
At 30 September 2024 147,793 577 198,758 3,091 350,219
At 30 September 2023 169,144 770 113,118 681 283,713

Highgate Construction Limited (Registered number: 06368736)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 143,450 72,142 215,592
Additions - 81,481 81,481
At 30 September 2024 143,450 153,623 297,073
DEPRECIATION
At 1 October 2023 32,560 23,920 56,480
Charge for year 27,722 15,451 43,173
At 30 September 2024 60,282 39,371 99,653
NET BOOK VALUE
At 30 September 2024 83,168 114,252 197,420
At 30 September 2023 110,890 48,222 159,112

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 403,249
NET BOOK VALUE
At 30 September 2024 403,249
At 30 September 2023 403,249

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 188,459 135,935
Other debtors 3,352 -
Directors' current accounts 263,000 -
Taxation 88,763 -
Prepayments 46,358 38,447
589,932 174,382

Highgate Construction Limited (Registered number: 06368736)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 10,000
Non-equity shares 200 200
Hire purchase contracts 49,922 39,195
Trade creditors 237,064 457,062
Taxation 175,598 25,938
Social security and other taxes 83,102 74,937
Pension creditor 1,787 1,635
VAT 15,271 128,235
Other creditors 47,313 42,188
Amex card 97,903 -
Accrued expenses 6,525 4,184
724,685 783,574

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 6,667 10,000
Bank loans - 2-5 years - 6,667
Hire purchase contracts 44,232 34,235
50,899 50,902

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 94,154 73,430

Hire purchase liabilities are secured on the assets acquired.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
N J Smith
Balance outstanding at start of year - -
Amounts advanced 263,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 263,000 -