| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 30th November 2024 |
| for |
| Higgins Capital Ltd |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 30th November 2024 |
| for |
| Higgins Capital Ltd |
| Higgins Capital Ltd (Registered number: 13008946) |
| Contents of the Financial Statements |
| for the Year Ended 30th November 2024 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Higgins Capital Ltd |
| Company Information |
| for the Year Ended 30th November 2024 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chiltern House |
| 45 Station Rd |
| Henley On Thames |
| Oxfordshire |
| RG9 1AT |
| Higgins Capital Ltd (Registered number: 13008946) |
| Abridged Balance Sheet |
| 30th November 2024 |
| 30.11.24 | 30.11.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 7 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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. |
| Higgins Capital Ltd (Registered number: 13008946) |
| Abridged Balance Sheet - continued |
| 30th November 2024 |
| The financial statements were approved by the director and authorised for issue on |
| Higgins Capital Ltd (Registered number: 13008946) |
| Notes to the Financial Statements |
| for the Year Ended 30th November 2024 |
| 1. | STATUTORY INFORMATION |
| Higgins Capital Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| 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. |
| Listed investments |
| Listed investments are recognised initially at cost and subsequently measured at fair value through profit or loss in accordance with FRS 102 Section 12. Fair value is based on the quoted market price at the balance sheet date. Unrealised gains and losses arising from changes in fair value are recognised in the profit and loss account as they arise. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Higgins Capital Ltd (Registered number: 13008946) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th November 2024 |
| 4. | INTANGIBLE FIXED ASSETS |
| The intangible asset represents the cost of ticket rights associated with a Wimbledon debenture, amounting to £131,280. The asset is being amortised on a straight-line basis over five years, reflecting the period over which the rights provide benefit to the company. |
| Amortisation of £26,256 has been charged in the year. |
| COST OR VALUATION |
| Additions £131,280 |
| At 30th November 2024 £131,280 |
| AMORTISATION |
| Charge for year £26,256 |
| At 30th November 2024 £26,256 |
| NET BOOK VALUE |
| At 30th November 2024 £105,024 |
| 5. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1st December 2023 |
| and 30th November 2024 |
| NET BOOK VALUE |
| At 30th November 2024 |
| At 30th November 2023 |
| 6. | FIXED ASSET INVESTMENTS |
| Information on investments other than loans is as follows: |
| Totals |
| £ |
| COST OR VALUATION |
| Additions | 110,000 |
| Revaluations | 15,000 |
| At 30th November 2024 | 125,000 |
| NET BOOK VALUE |
| At 30th November 2024 | 125,000 |
| Cost or valuation at 30th November 2024 is represented by: |
| Totals |
| £ |
| Valuation in 2024 | 15,000 |
| Cost | 110,000 |
| 125,000 |
| Higgins Capital Ltd (Registered number: 13008946) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th November 2024 |
| 6. | FIXED ASSET INVESTMENTS - continued |
| Listed Investments |
| At the balance sheet date, the company held equity investments listed on a recognised stock exchange. These investments are measured at fair value in accordance with FRS 102 Section 12. Changes in fair value are recognised in the profit and loss account. |
| 2024 |
| Fair value at start of year £nil |
| Additions during the year £100,000 |
| Revaluation gain £15,000 |
| Fair value at year end £115,000 |
| The fair value is based on the quoted market price as at the balance sheet date. The unrealised gain of £15,000 has been recognised in the profit and loss account under Unrealised Gain on Investments. |
| Wimbledon Debenture |
| The company holds a Wimbledon debenture at a cost of £10,000. The debenture provides the right to purchase tickets for matches during Wimbledon and is transferable. It is held at cost and is not amortised. Amortisation of the associated ticket rights is accounted for separately. |
| 7. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st December 2023 | ( |
) |
| Deficit for the year | ( |
) |
| At 30th November 2024 | ( |
) |