High Violet Property Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09231862

High Violet Property Limited

Filleted Unaudited Financial Statements

31 March 2025

High Violet Property Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		312,452		312,452

Current assets

Debtors	6	57,397	44,499
Cash at bank and in hand		64,071	110,198
		---------	---------
		121,468	154,697

Creditors: amounts falling due within one year	7	293,957		292,634
		---------		---------
Net current liabilities			172,489		137,937
			---------		---------
Total assets less current liabilities			139,963		174,515
			---------		---------
Net assets			139,963		174,515
			---------		---------

Capital and reserves

Called up share capital	8	400	400
Profit and loss account		139,563	174,115
		---------	---------
Shareholders funds		139,963	174,515
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

High Violet Property Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

G C Marshall

Director

Company registration number: 09231862

High Violet Property Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales, company registration number 09231862 . The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

4. Average number of employees

During the year the average number of employees was 3 (2024: 3) which consisted of the directors only.

5. Tangible assets

	Freehold property
	£
Cost
At 1 April 2024 and 31 March 2025	312,452
	---------
Depreciation
At 1 April 2024 and 31 March 2025	–
	---------
Carrying amount
At 31 March 2025	312,452
	---------
At 31 March 2024	312,452
	---------

6. Debtors

	2025	2024
	£	£
Prepayments and accrued income	3,905	44,499
Directors loan account	53,492	–
	--------	--------
	57,397	44,499
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	4,908	2,320
Amounts owed to undertakings in which the company has a participating interest	286,086	286,086
Accruals and deferred income	1,638	1,575
Corporation tax	1,325	2,653
	---------	---------
	293,957	292,634
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 1 each	300	300	300	300
Ordinary B shares of £ 1 each	50	50	50	50
Ordinary C shares of £ 1 each	50	50	50	50
	----	----	----	----
	400	400	400	400
	----	----	----	----

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
G C Marshall	–	53,492	53,492
	----	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
G C Marshall	–	–	–
	----	----	----

There is a loan to the director at the year end as shown above. Interest was charged on this loan and it was repaid within 9 months of the year end.

10. Related party transactions

	Increase/ decrease in loan	Balance outstanding at year end Dr/ (Cr)
	£	£
Other related parties
31 March 2025	–	(286,086)
31 March 2024		(286,086)