REGISTERED NUMBER: 12052283 (England and Wales)

C M HIGGINS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C M Higgins

REGISTERED OFFICE:

1st Floor, Cash's Business Centre

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

REGISTERED NUMBER:

12052283 (England and Wales)

ACCOUNTANTS:

Shah & Co (Accountants) Ltd

Chartered Certified Accountants

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

FIXED ASSETS

Tangible assets

4

30,269

38,326

Investments

5

2,026,970

-

Investment property

6

1,400,854

815,454

3,458,093

853,780

CURRENT ASSETS

Debtors

7

494,652

513,918

Cash at bank

2,034,993

19,678

2,529,645

533,596

CREDITORS

Amounts falling due within one year

8

(3,692,508

)

(863,047

)

NET CURRENT LIABILITIES

(1,162,863

)

(329,451

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,295,230

524,329

CREDITORS

Amounts falling due after more than one year

9

(1,752,914

)

(12,248

)

NET ASSETS

542,316

512,081

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

542,216

511,981

SHAREHOLDERS' FUNDS

542,316

512,081

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2025 and were signed by:

Mr C M Higgins - Director

1.	STATUTORY INFORMATION

C M Higgins 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 represents rental income receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

23,000

16,547

41,994

81,541

DEPRECIATION

At 1 April 2024

12,265

6,672

24,278

43,215

Charge for year

2,147

1,481

4,429

8,057

At 31 March 2025

14,412

8,153

28,707

51,272

NET BOOK VALUE

At 31 March 2025

8,588

8,394

13,287

30,269

At 31 March 2024

10,735

9,875

17,716

38,326

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

41,994

DEPRECIATION

At 1 April 2024

24,278

Charge for year

4,429

At 31 March 2025

28,707

NET BOOK VALUE

At 31 March 2025

13,287

At 31 March 2024

17,716

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

2,026,970

At 31 March 2025

2,026,970

NET BOOK VALUE

At 31 March 2025

2,026,970

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

815,454

Additions

585,400

At 31 March 2025

1,400,854

NET BOOK VALUE

At 31 March 2025

1,400,854

At 31 March 2024

815,454

In the opinion of the director, there is no change in the valuation of investment properties at the balance sheet date.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

61,620

Other debtors

494,652

452,298

494,652

513,918

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

217,857

-

Hire purchase contracts

6,999

6,999

Taxation and social security

12,530

28,569

Other creditors

3,455,122

827,479

3,692,508

863,047

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,747,665

-

Hire purchase contracts

5,249

12,248

1,752,914

12,248

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is £698,519 (2024: £585,199) owed to the director. The amount is unsecured and interest free with no set terms for repayment.

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company accrued rental income of £66,820 (2024: £66,820) which is receivable from a care home company in which Mr C M Higgins is a director and has an interest. In addition, at the balance sheet date the company owed £2,750,000 (2024: £240,000) to the same company.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr C M Higgins.