REGISTERED NUMBER: 07138271 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HIGHGATE COUNTRY STORES LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Papworth

P Papworth

REGISTERED OFFICE:

Highgate Farm

Over Road

Willingham

Cambridgeshire

CB24 5EU

REGISTERED NUMBER:

07138271 (England and Wales)

ACCOUNTANTS:

Prentis & Co LLP

Chartered Accountants

115c Milton Road

Cambridge

CB4 1XE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

613,648

574,260

613,648

574,260

CURRENT ASSETS

Stocks

170,000

145,000

Debtors

6

331,847

257,210

Cash at bank

267,151

327,596

768,998

729,806

CREDITORS

Amounts falling due within one year

7

169,703

184,292

NET CURRENT ASSETS

599,295

545,514

TOTAL ASSETS LESS CURRENT LIABILITIES

1,212,943

1,119,774

PROVISIONS FOR LIABILITIES

42,400

34,934

NET ASSETS

1,170,543

1,084,840

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,170,443

1,084,740

SHAREHOLDERS' FUNDS

1,170,543

1,084,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by:

B Papworth - Director

1.	STATUTORY INFORMATION

Highgate Country Stores 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2010, was previously estimated to have an estimated economic life of 20 years for which it was amortised to the Profit and Loss Account.

Following a review undertaken by the Directors, from 1 April 2015 it was agreed that the estimated economic life was to be reduced and as such the remaining value of the goodwill will be amortised over the next 10 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.

Improvements to freehold property

-

15% on reducing balance

Plant & equipment

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Cold room

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

160,000

AMORTISATION

At 1 April 2024

and 31 March 2025

160,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Freehold

freehold

Plant &

property

property

equipment

£

£

£

COST

At 1 April 2024

434,351

104,797

158,552

Additions

9,696

55,999

3,713

At 31 March 2025

444,047

160,796

162,265

DEPRECIATION

At 1 April 2024

-

45,203

98,120

Charge for year

-

17,337

9,620

At 31 March 2025

-

62,540

107,740

NET BOOK VALUE

At 31 March 2025

444,047

98,256

54,525

At 31 March 2024

434,351

59,594

60,432

Fixtures

and

Motor

fittings

vehicles

Cold room

Totals

£

£

£

£

COST

At 1 April 2024

60,768

3,656

10,822

772,946

Additions

1,814

-

-

71,222

At 31 March 2025

62,582

3,656

10,822

844,168

DEPRECIATION

At 1 April 2024

46,434

3,621

5,308

198,686

Charge for year

4,041

9

827

31,834

At 31 March 2025

50,475

3,630

6,135

230,520

NET BOOK VALUE

At 31 March 2025

12,107

26

4,687

613,648

At 31 March 2024

14,334

35

5,514

574,260

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

38,105

61,455

Other debtors

287,113

187,113

VAT

3,154

5,167

Prepayments and accrued income

3,475

3,475

331,847

257,210

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

113,816

109,628

Tax

20,671

40,054

Social security and other taxes

6,484

5,856

Other creditors

1,214

1,021

Directors' current accounts

10,809

11,535

Accruals and deferred income

16,709

16,198

169,703

184,292

8.	ULTIMATE CONTROLLING PARTY