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HIGH PIKE LIMITED

Registered Number
06747068
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

HIGH PIKE LIMITED
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

STEADMAN, Lynn
STEADMAN, Michael James

Registered Address

Hodden Croft
Caldbeck
Wigton
CA7 8EL

Registered Number

06747068 (England and Wales)
HIGH PIKE LIMITED
Statement of Financial Position
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3137449
Investment property43,336,5333,336,533
3,336,6703,336,982
Current assets
Debtors541,13838,801
Cash at bank and on hand87,234126,761
128,372165,562
Creditors amounts falling due within one year6(2,408,975)(2,472,433)
Net current assets (liabilities)(2,280,603)(2,306,871)
Total assets less current liabilities1,056,0671,030,111
Creditors amounts falling due after one year7(149,000)(161,000)
Net assets907,067869,111
Capital and reserves
Called up share capital100100
Profit and loss account906,967869,011
Shareholders' funds907,067869,111
The financial statements were approved and authorised for issue by the Board of Directors on 12 June 2025, and are signed on its behalf by:
STEADMAN, Lynn
Director
Registered Company No. 06747068
HIGH PIKE LIMITED
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Turnover policy
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/or 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:
Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
2.Average number of employees

20242023
Average number of employees during the year02
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 December 2321,8865,79927,685
At 30 November 2421,8865,79927,685
Depreciation and impairment
At 01 December 2321,8865,35027,236
Charge for year-312312
At 30 November 2421,8865,66227,548
Net book value
At 30 November 24-137137
At 30 November 23-449449
4.Investment property
The investment properties class of fixed assets was revalued on 30 November 2023 by the Directors who are internal to the company. Any revaluations have no effect on the tax payable in the year. This class of assets has a current value of £3,336,533 (2023 - £3,336,533) and a carrying amount at historical cost of £3,336,533 (2023 - £3,336,533). The depreciation on this historical cost is £nil (2023 - £nil). There has been no valuation of investment property by an independent valuer.

£
Fair value at 01 December 233,336,533
At 30 November 243,336,533
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables2,282750
Other debtors30,00032,258
Prepayments and accrued income8,8565,793
Total41,13838,801
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3,8392,984
Bank borrowings and overdrafts12,00012,000
Taxation and social security14,208-
Other creditors2,366,7402,444,007
Accrued liabilities and deferred income12,18813,442
Total2,408,9752,472,433
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts149,000161,000
Total149,000161,000
8.Related party transactions
During the year High Pike Limited had a loan with an associated company - Aztec Adventure Play Limited. The loan was unsecured and interest free. This loan is currently valued at £30,000 (2023 - £20,000)