Company No: 01104546 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	328,947		379,126
Investment property	5	2,528,250		2,528,250
Investments	6	548,429		548,429
		3,405,626		3,455,805
Current assets
Debtors	7	890,213		816,703
Cash at bank and in hand		18,310		51,753
		908,523		868,456
Creditors: amounts falling due within one year	8	( 127,635)		( 180,568)
Net current assets		780,888		687,888
Total assets less current liabilities		4,186,514		4,143,693
Creditors: amounts falling due after more than one year	9	( 359,743)		( 445,950)
Provision for liabilities		( 223,482)		( 223,482)
Net assets		3,603,289		3,474,261
Capital and reserves
Called-up share capital	10	100		100
Revaluation reserve		1,023,550		1,023,550
Capital redemption reserve		13,600		13,600
Profit and loss account		2,566,039		2,437,011
Total shareholder's funds		3,603,289		3,474,261

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of A&B HIGH HOLDINGS LIMITED (registered number: 01104546) were approved and authorised for issue by the Board of Directors on 01 September 2025. They were signed on its behalf by:

Mr A A High Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A&B HIGH HOLDINGS LIMITED (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Marquis House, Gulworthy, Tavistock, PL19 8JE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	33.3 years straight line
Plant and machinery	15 % reducing balance
Vehicles	15 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. The directors assess fair value, having regard for current market prices for comparable real estate and using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Intangible assets

	Computer software		Total
	£		£
Cost
At 01 January 2024	26,604		26,604
At 31 December 2024	26,604		26,604
Accumulated amortisation
At 01 January 2024	26,604		26,604
At 31 December 2024	26,604		26,604
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	445,192		290,773		69,940		15,284		821,189
Additions	0		0		0		2,381		2,381
Disposals	0		0		( 69,940)		0		( 69,940)
At 31 December 2024	445,192		290,773		0		17,665		753,630
Accumulated depreciation
At 01 January 2024	155,448		232,094		40,434		14,087		442,063
Charge for the financial year	13,356		8,801		7,377		897		30,431
Disposals	0		0		( 47,811)		0		( 47,811)
At 31 December 2024	168,804		240,895		0		14,984		424,683
Net book value
At 31 December 2024	276,388		49,878		0		2,681		328,947
At 31 December 2023	289,744		58,679		29,506		1,197		379,126

5. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	2,528,250
As at 31 December 2024	2,528,250

The directors have assessed the market value of the properties at the balance sheet date and believe these to be held at fair value.

6. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	548,429
At 31 December 2024	548,429
Carrying value at 31 December 2024	548,429
Carrying value at 31 December 2023	548,429

7. Debtors

	2024		2023
	£		£
Amounts owed by Group undertakings	886,269		802,852
Other debtors	3,944		13,851
	890,213		816,703

8. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	70,328		63,591
Amounts owed to Group undertakings	53,333		53,333
Taxation and social security	0		51,433
Obligations under finance leases and hire purchase contracts	0		8,978
Other creditors	3,974		3,233
	127,635		180,568

9. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	359,743		430,847
Obligations under finance leases and hire purchase contracts	0		15,103
	359,743		445,950

The bank loans and borrowings are secured against the assets of the company. The finance lease liabilities are secured against the assets to which they relate.

10. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 0.10 each	100		100

11. Ultimate controlling party

Parent Company:

Coastpoint Limited

The registered office of the company is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, Devon, United Kingdom, PL1 3GW