Highgate News Limited

Highgate News Limited
Statement of Financial Position
As at 30 April 2025

	2025		2024
	£	£	£	£
Fixed assets		62,436		73,852
Current assets	49,098		43,679
Creditors: amount falling due within one year	(48,449)		(49,466)
Net current assets		649		(5,787)
Total assets less current liabilities		63,085		68,065
Creditors: amount falling due after more than one year		(64,193)		(68,013)
Net assets		(1,108)		52


Capital and reserves		(1,108)		52

NOTES TO THE ACCOUNTS

General Information

Highgate News Limited is a private company, limited by shares, registered in England and Wales, registration number 05133932, registration address 12 Highgate, Bradford, West Yorkshire, BD9 4BB.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

2.	Average number of employees Average number of employees during the year was 5 (2024 : 5).

3.	Director’s loan

Directors Loan Account

At 30th April 2025, the directors' loan accounts of £25,207 (2024: £17,222) is unsecured, repayable on demand and interest free. During the year, the directors incurred the following transactions:

Director's Loan Account		Balance B/F £		Advances £		Credits £		Balance C/F £
Directors		17,222		42,855		(33,870)		25,207

For the year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question 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 accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.

The financial statements were approved by the board of directors on 30 June 2025 and were signed on its behalf by:

--------------------------------
H Patel
Director

Registered Number: 05133932
England and Wales
HIGHGATE NEWS LIMITED

Abridged Accounts

Period of accounts Start date: 01 May 2024 End date: 30 April 2025