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Registered number: 11944045









Higglo Private Limited









Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2025

 
Higglo Private Limited
Registered number: 11944045

Statement of financial position
As at 31 March 2025

2025
2024
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
3,074,032
2,385,918

Cash at bank and in hand
 6 
20,428
13,547

  
3,094,460
2,399,465

Creditors: amounts falling due within one year
 7 
(7,225)
(18,780)

Net current assets
  
 
 
3,087,235
 
 
2,380,685

Total assets less current liabilities
  
3,087,235
2,380,685

  

Net assets
  
3,087,235
2,380,685


Capital and reserves
  

Called up share capital 
 8 
3,050,001
2,350,001

Profit and loss account
  
37,234
30,684

  
3,087,235
2,380,685


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 June 2025.




Mr  Dhamodaran Srinivasan
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 
Higglo Private Limited
 

Statement of changes in equity
For the Year Ended 31 March 2025


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2023
1,950,001
9,096
1,959,097


Comprehensive income for the year

Profit for the year

-
21,588
21,588


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
21,588
21,588


Contributions by and distributions to owners

Shares issued during the year
400,000
-
400,000


Total transactions with owners
400,000
-
400,000



At 1 April 2024
2,350,001
30,684
2,380,685


Comprehensive income for the year

Profit for the year

-
6,550
6,550


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
6,550
6,550


Contributions by and distributions to owners

Shares issued during the year
700,000
-
700,000


Total transactions with owners
700,000
-
700,000


At 31 March 2025
3,050,001
37,234
3,087,235


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
Higglo Private Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2025

1.


General information

Higglo Private Limited is a private company limited by shares incorporated in England and Wales. The registered office is 169 Biggin Hill, London, United Kingdom, SE19 3HX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
Higglo Private Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2025

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements, management are required to make estimates and judgments which may materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities, and the valuation of investment properties, which were based on open market transactions. The estimates and assumptions are reviewed on an on-going basis and are based on historical experience and other factors that are considered to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.

Page 4

 
Higglo Private Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2025

4.


Employees

2025
2024
£
£

Wages and salaries
-
15,462

Cost of defined contribution scheme
-
444

-
15,906


The average monthly number of employees, including directors, during the year was 0 (2024 - 1).


5.


Debtors

2025
2024
£
£


Other debtors
3,074,032
2,385,918

3,074,032
2,385,918



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
20,428
13,547

20,428
13,547



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
1,536
7,199

Other creditors
381
3,981

Accruals and deferred income
5,308
7,600

7,225
18,780


Page 5

 
Higglo Private Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2025

8.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



2,350,001 (2024 - 1,950,001) Ordinary shares of £1.00 each
2,350,001
1,950,001
700,000 (2024 - 400,000) Ordinary shares of £1.00 each
700,000
400,000

3,050,001

2,350,001


During the year, the Company issued 700,000 ordinary shares of £1 each at par.


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £nil (2024: £444). Contributions totaling £nil (2024: £nil) were payable to the fund at the balance sheet date.


10.


Related party transactions

During the year, the company provided advances totaling £674,000 (2024: £368,400) to a company under common control. Amount owed from the company under common control at year end was £2,935,701 (2024: £2,261,700) which is included in other debtors. These advances are unsecured, repayable on demand and carry interest @2.27% p.a. During the year, the Company charged interest of £14,115 (2024: £49,257)  on these advances and total accrued interest receivable at the balance sheet date of £138,331 (2024: £124,212) is included in other debtors.


11.


Controlling party

The Company is controlled by Kushmitha Foundations Private Limited, a company registered in India. In the opinion of the directors there is no single ultimate controlling party. 


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 13 June 2025 by Janak Raj Pokhrel (Senior statutory auditor) on behalf of Mantax Lynton.

 
Page 6