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REGISTERED NUMBER: 13008946 (England and Wales)












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: G Fitzpatrick





SECRETARY: Buffery Secretaries Ltd





REGISTERED OFFICE: Chiltern House
45 Station Rd
Henley On Thames
Oxfordshire
RG9 1AT





REGISTERED NUMBER: 13008946 (England and Wales)





ACCOUNTANTS: Buffery & Co Ltd
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 4 105,024 -
Tangible assets 5 1,533,337 1,533,337
Investments 6 125,000 -
1,763,361 1,533,337

CURRENT ASSETS
Debtors 306,238 554,338
Cash at bank 150,148 458,524
456,386 1,012,862
CREDITORS
Amounts falling due within one year 1,525,019 1,840,087
NET CURRENT LIABILITIES (1,068,633 ) (827,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

694,728

706,112

CREDITORS
Amounts falling due after more than one
year

766,791

766,791
NET LIABILITIES (72,063 ) (60,679 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 7 (73,063 ) (61,679 )
SHAREHOLDERS' FUNDS (72,063 ) (60,679 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8th August 2025 and were signed by:





G Fitzpatrick - Director


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 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 as modified by the revaluation of certain assets.

Goodwill
Wimbledon Debenture Premium, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 1 (2023 - 1 ) .

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 1,533,337
NET BOOK VALUE
At 30th November 2024 1,533,337
At 30th November 2023 1,533,337

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 (61,679 )
Deficit for the year (11,384 )
At 30th November 2024 (73,063 )