ACCOUNTS - Final Accounts preparation

High Street Tower Ltd

Registered number: 15326634

Information for filing with the Registrar

For the 13 month period ended
31 December 2024

15326634

31 December 2024

HIGH STREET TOWER LTD

REGISTERED NUMBER: 15326634

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

	2024
Note	£

Current assets
Debtors: amounts falling due within one year	4	100
Total assets less current liabilities		100
Net assets		100

Capital and reserves
Called up share capital	5	100
Total equity		100

For the 13 month period ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the 13 month period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 by:

W W Choudhury

Director

Date: 3 September 2025

The notes on pages 2 to 4 form part of these financial statements.

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15326634

31 December 2024

HIGH STREET TOWER LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE 13 MONTH PERIOD ENDED 31 DECEMBER 2024

1.	General information

High Street Tower Ltd ('the Company') is a private company, limited by shares, and registered in England
and Wales. The registered number is 15326634. The registered office is 60 Oxford Street, Manchester, United Kingdom, M1 5EE.
The Company incorporated on 4 December 2023, therefore, there are no prior year comparatives.
The presentational currency is Pound Sterling as this is the currency of the primary economic environment in which the Company operates.
The principal activity of the Company in the period is that of a dormant company.

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.

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Lote Tree UK Investments Limited as at 31 December 2024 and these financial statements may be obtained from Companies House.

2.3

Going concern

The directors believe the Company will continue as a going concern. Whilst the Company is not expected to trade in the coming year, the directors do not intend to wind up the Company, it will remain dormant for the foreseeable future. The period to which the directors have paid particular attention in assessing the appropriateness of the going concern basis is not less than twelve months from the date of approval of the financial statements.

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15326634

31 December 2024

HIGH STREET TOWER LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE 13 MONTH PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price, net of transactions costs and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitutes a financing transaction, like the payment of trade debt deferred beyond normal business terms or in the case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of the future cash flows discounted at a market rate of interest for similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of small company, or public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss in recognised in the Profit and Loss Account.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has variable interest rate, the discount rate for measuring any impairment loss is the current interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset’s carrying amount and best estimate of the recoverable amount, which is an approximation of the amount the Company would receive for the assets if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Employees

The average monthly number of employees, including directors, during the 13 month period was 2.

Debtors

					2024
					£

	Amounts owed by group undertakings	100

Amounts owed by group undertakings are interest free and repayable on demand.

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15326634

31 December 2024

HIGH STREET TOWER LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE 13 MONTH PERIOD ENDED 31 DECEMBER 2024

5.	Share capital
		2024
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £1.00 each	100

The Company incorporated on 4 December 2023, issuing 100 Ordinary shares at a nominal value of £1 per share.
All Ordinary shares hold the right to vote and receive payments of dividends and distributions.

6.	Related party transactions
	The Company has taken advantage of the exemption available in Section 33 of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" related party disclosures from the requirement to disclose transactions with wholly owned group companies.

7.	Controlling party

At 31 December 2024, the immediate parent company, Lote Tree UK Investments Limited, registered in the UK, is both the smallest and largest company into which the Company results are consolidated and its registered office is Mercury Place, 11 St. George Street, Leicester, LE1 1QG.
The ultimate parent company is Lote Tree Limited, a company registered in Jersey.

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