Company Registration No. 03755477 (England and Wales)
Highcourt Developments Limited
Unaudited accounts
for the year ended 31 March 2025
Highcourt Developments Limited
Unaudited accounts
Contents
Highcourt Developments Limited
Company Information
for the year ended 31 March 2025
Directors
A Naghshineh
S Naghshineh
C Thoday
Company Number
03755477 (England and Wales)
Registered Office
Riverside House
11-12 Riverside Road
Norwich
NR1 1SQ
Highcourt Developments Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
65
65
Creditors: amounts falling due within one year
(14,506,751)
(14,506,751)
Net current liabilities
(14,464,328)
(14,464,328)
Net liabilities
(14,464,328)
(14,464,328)
Called up share capital
2
2
Profit and loss account
(14,464,330)
(14,464,330)
Shareholders' funds
(14,464,328)
(14,464,328)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by
C Thoday
Director
Company Registration No. 03755477
Highcourt Developments Limited
Notes to the Accounts
for the year ended 31 March 2025
Highcourt Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 03755477. The registered office is Riverside House, 11-12 Riverside Road, Norwich, NR1 1SQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention unless specified within these accounting policies.
The directors have resolved that it is not appropriate to prepare the accounts on going concern basis.
The accounts are presented in £ sterling.
Amounts falling due within one year
Other debtors
42,358
42,358
5
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
3,324,880
3,324,880
Trade creditors
271,022
271,022
Amounts owed to group undertakings and other participating interests
10,910,849
10,910,849
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Highcourt Developments Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Transactions with related parties
Targetfollow Estates Limited a company controlled by A Naghshineh, operates a loan account with the company. At the year end the company had an outstanding loan balance of £3,457,013 (2024: £3,457,013) owed to Targetfollow Estates Limited. In addition the company owes Targetfollow Estates Limited a total of £4,799,139 (2024: £4,799,139) from loans which had been assigned to Targetfollow Estates Limited.
The company also has a creditor balance with Targetfollow Estates Limited.
There were no recharges from Targetfollow Estates Limited, during the year. The amount outstanding at year end was £4,283 (2024; £4,283) .
Targetfollow Group Limited, a company controlled by A Naghshineh, operates a loan account with the company. At the year end the company had an outstanding loan balance of £2,485,468 (2024: £2,485,468) to Targetfollow Group Limited.
The company operates a loan account with Barrow Close Investments Limited, a company controlled by A Naghshineh. At the year end the company had an outstanding loan balance of £44,010 (2024: £44,010).
The company operates a loan account with Targetfollow (Pantiles) Limited, a company controlled by A Naghshineh. At the year end the company had an outstanding loan balance of £9,000 (2024: £9,000).
The company operates a loan account with The Norwich Property Company Limited, a company controlled by A Naghshineh. At the year end the company had an outstanding balance of £16,219 (2024: £16,219)
The company operates a loan account with RCP Parking Limited, a company where A Naghshineh is a director. At the year end the company had an outstanding loan balance of £100,000 (2024: £100,000).
The company is controlled by Highcourt Developments (Anglo) Limited, the parent company. Highcourt Developments (Anglo) Limited is ultimately controlled by A Naghshineh.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).