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REGISTERED NUMBER: 14452525 (England and Wales)















HIGH FEN LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






HIGH FEN LIMITED (REGISTERED NUMBER: 14452525)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


HIGH FEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A J Struthers
S L Payne


REGISTERED OFFICE: C/o External Services Limited
20 Central Avenue
Norwich
Norfolk
NR7 0HR


REGISTERED NUMBER: 14452525 (England and Wales)


SENIOR STATUTORY AUDITOR: Theo Banos BA FCA


AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
3 Castlegate
Grantham
Lincolnshire
NG31 6SF


BANKERS: HSBC Bank Plc
69 Pall Mall,
London
SW1Y 5EY

HIGH FEN LIMITED (REGISTERED NUMBER: 14452525)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Entitlements 4 - 17,441
Tangible assets 5 5,734,203 5,700,730
5,734,203 5,718,171

CURRENT ASSETS
Debtors 6 438,620 28,942
Cash at bank 16,124 13,541
454,744 42,483
CREDITORS
Amounts falling due within one year 7 6,715,280 6,021,260
NET CURRENT LIABILITIES (6,260,536 ) (5,978,777 )
TOTAL ASSETS LESS CURRENT LIABILITIES (526,333 ) (260,606 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (526,334 ) (260,607 )
SHAREHOLDERS' FUNDS (526,333 ) (260,606 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:





S L Payne - Director


HIGH FEN LIMITED (REGISTERED NUMBER: 14452525)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

High Fen 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.

The presentation currency of the financial statements is the Pound Sterling (£) and is rounded to the nearest £.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. The company is a subsidiary of Nattergal Limited.

Revenue
Revenue is measured at the fair value of the consideration received in respect of the Basic Payment scheme. Revenue is recognised in the period to which the income relates.

Revenue for biodiversity net gain (BNG) activities is recognised progressively, aligning with the cost profile of delivering agreed habitat improvements. This means revenue is recorded as costs are incurred, reflecting the completion of performance obligations over time.

Revenue for carbon credits is recognised as credits are verified.

Intangible assets
Entitlements, being the amount paid in connection with the acquisition of the business in 2022, are being amortised evenly over the period to 31 December 2024.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Impairments
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each financial reporting date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Government grants
Government grants in relation to tangible fixed assets are credited to the statement of income over the useful life of the related asset. Grants received in relation to expenditure are credited to the statement of income when the expenditure is charged to the profit or loss.

HIGH FEN LIMITED (REGISTERED NUMBER: 14452525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024 38,241
Disposals (38,241 )
At 31 December 2024 -
AMORTISATION
At 1 January 2024 20,800
Charge for year 17,441
Eliminated on disposal (38,241 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 17,441

HIGH FEN LIMITED (REGISTERED NUMBER: 14452525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2024 5,680,474 18,537 3,156 5,702,167
Additions - 40,583 (184 ) 40,399
At 31 December 2024 5,680,474 59,120 2,972 5,742,566
DEPRECIATION
At 1 January 2024 - 962 475 1,437
Charge for year - 6,472 454 6,926
At 31 December 2024 - 7,434 929 8,363
NET BOOK VALUE
At 31 December 2024 5,680,474 51,686 2,043 5,734,203
At 31 December 2023 5,680,474 17,575 2,681 5,700,730

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 74,399 -
Amounts owed by group undertakings 56,287 25,451
VAT 28,094 -
Prepayments and accrued income 279,840 3,491
438,620 28,942

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,885 2,866
Amounts owed to group undertakings 6,462,381 6,000,707
Accruals and deferred income 240,014 17,687
6,715,280 6,021,260

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary shares £1 1 1

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Theo Banos BA FCA (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

HIGH FEN LIMITED (REGISTERED NUMBER: 14452525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. GOING CONCERN

The statement of financial position shows net liabilities of £526,333 and net current liabilities of £6,260,536. The directors have considered the position, alongside group support in place, and are satisfied that the financial statements have been prepared on the going concern basis.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the parent company, Nattergal Limited, which is registered in England and Wales. The parent company's registered office is 20 Central Avenue, St Andrews Business Park, Norwich, NR7 0HR.