Higgo Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08006092

Higgo Limited

Filleted Unaudited Financial Statements

31 March 2025

Higgo Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	17	23
Investments	5	–	590,245
		----	---------
		17	590,268

Current assets

Debtors	6	884,067	884,663
Investments	7	1	1
Cash at bank and in hand		1,837	27,104
		---------	---------
		885,905	911,768

Creditors: amounts falling due within one year	8	( 957,749)	( 979,712)
		---------	---------
Net current liabilities		( 71,844)	( 67,944)
		--------	---------
Total assets less current liabilities		( 71,827)	522,324
		--------	---------
Net (liabilities)/assets		( 71,827)	522,324
		--------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 71,927)	522,224
	--------	---------
Shareholders (deficit)/funds	( 71,827)	522,324
	--------	---------

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 .

Higgo Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

P Higginson

Director

Company registration number: 08006092

Higgo 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. The address of the registered office is 5 Godalming Business Centre, Woolsack Way, Godalming Surrey, GU7 1XW, 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.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 April 2024 and 31 March 2025	300
	----
Depreciation
At 1 April 2024	277
Charge for the year	6
	----
At 31 March 2025	283
	----
Carrying amount
At 31 March 2025	17
	----
At 31 March 2024	23
	----

5. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	590,245
	---------
Impairment
At 1 April 2024	–
Impairment losses	590,245
	---------
At 31 March 2025	590,245
	---------

Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	590,245
	---------

6. Debtors

	2025	2024
	£	£
Other debtors	884,067	884,663
	---------	---------

7. Investments

	2025	2024
	£	£
Mavis Burkett Investment	1	1
	----	----

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,488	–
Social security and other taxes	–	148
Other creditors	956,261	979,564
	---------	---------
	957,749	979,712
	---------	---------

9. Directors' advances, credits and guarantees

At the year end the company owed the Director £950,826 (2024: £975,514). This loan is made to the company interest free.