REGISTERED NUMBER: 13748535 (England and Wales)

Audited Financial Statements for the Year Ended 31st March 2025

for

Highworth Close Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E Bland

W R Whymark

REGISTERED OFFICE:

Unit 1, Lancaster Court

Coronation Road

Cressex Business Park

High Wycombe

Buckinghamshire

HP12 3TD

REGISTERED NUMBER:

13748535 (England and Wales)

SENIOR STATUTORY AUDITOR:

S. Paramaguru (FCCA)

AUDITORS:

Param & Company Limited

1st Floor

44-50 The Broadway

Southall

Middlesex

UB1 1QB

FIXED ASSETS

Tangible assets

4

82,074

91,194

Investment property

5

798,806

798,806

880,880

890,000

CURRENT ASSETS

Debtors

6

73,026

190,614

Cash at bank

6,335

13,395

79,361

204,009

CREDITORS

Amounts falling due within one year

7

552,250

595,553

NET CURRENT LIABILITIES

(472,889

)

(391,544

)

TOTAL ASSETS LESS CURRENT LIABILITIES

407,991

498,456

CREDITORS

Amounts falling due after more than one year

8

(256,417

)

(382,448

)

PROVISIONS FOR LIABILITIES

(36,682

)

(38,314

)

NET ASSETS

114,892

77,694

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

10

-

137,740

Retained earnings

114,891

(60,047

)

114,892

77,694

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2025 and were signed on its behalf by:

W R Whymark - Director

1.	STATUTORY INFORMATION

Highworth Close Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis as the directors feel that, following the year end, trade for this company will be significantly better and the company will be able to meet its financial commitments as and when they become due.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Rental income from operating leases is recognised on a straight-line basis over the lease term. Income from services provided to tenants is recognised in the period in which the services are rendered. Revenue from the sale of investment property is recognised when the risks and rewards of ownership have transferred to the buyer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% Straight line on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

91,194

DEPRECIATION

Charge for year

9,120

At 31st March 2025

9,120

NET BOOK VALUE

At 31st March 2025

82,074

At 31st March 2024

91,194

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

798,806

NET BOOK VALUE

At 31st March 2025

798,806

At 31st March 2024

798,806

Fair value at 31st March 2025 is represented by:

£

Valuation in 2022

153,255

Cost

645,551

798,806

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

as restated

£

£

Cost

736,745

736,745

Investment Property was valued on an open market basis on 22nd July 2022 by Aitchison Raffity .

The directors have considered the valuation at 31st March 2025 and consider that there is no material difference to the carrying value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Amounts owed by group undertakings

73,026

190,614

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Bank loans and overdrafts

126,065

121,057

Amounts owed to group undertakings

-

60,346

Taxation and social security

22,196

10,161

Other creditors

403,989

403,989

552,250

595,553

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Bank loans

256,417

382,448

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

as restated

£

£

Bank loans

382,482

503,505

Included within bank loans is a loan from Shawbrook Bank Limited for £ 382,482 (2024: £503,505) which is secured over a first charge on the property asset of the company. This loan is subject to a five year term with a fixed rate interest charge of 4.06% for the term of the loan.

10.

RESERVES

Revaluation

reserve

£

At 1st April 2024

137,740

Revaluation Reserve

(137,740

)

At 31st March 2025

-

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

S. Paramaguru (FCCA) (Senior Statutory Auditor)

for and on behalf of Param & Company Limited

12.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is The Coin Group Limited, which prepared group financial statements