Highland Associates (2008) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06631344 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HIGHLAND ASSOCIATES (2008) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investments

4

48,100

CURRENT ASSETS

Debtors

5

389,205

607,139

Cash at bank

9,243

9,024

398,448

616,163

CREDITORS

Amounts falling due within one year

6

413,088

424,353

NET CURRENT (LIABILITIES)/ASSETS

(14,640

)

191,810

TOTAL ASSETS LESS CURRENT
LIABILITIES

33,460

239,910

CAPITAL AND RESERVES

Called up share capital

7

506

Share premium

47,619

Retained earnings

(14,665

)

191,785

SHAREHOLDERS' FUNDS

33,460

239,910

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 19 December 2025 and were signed by:

Mr M T Bromley - Director

1.	STATUTORY INFORMATION

Highland Associates (2008) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06631344

Registered office:

Highlands House

4C Stephenson Way

Thetford

Norfolk

IP24 3RH

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost, less any provision for impairment.

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 - 1 ).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

48,100

NET BOOK VALUE

At 31 March 2025

48,100

At 31 March 2024

48,100

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

389,205

607,139

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

1

Amounts owed to group undertakings

412,247

417,047

Taxation and social security

340

6,805

Other creditors

500

413,088

424,353

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

259

Ordinary A

£1

259

15

Ordinary B

£1

15

202

Ordinary C

£1

202

15

Ordinary D

£1

15

Ordinary E

£1

15

506

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director and their spouse subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

Mr M T Bromley & Mrs C D Bromley

Balance outstanding at start of year

99,401

237.931

Amounts advanced

2,202

39,018

Amounts repaid

(12,970

)

(177,548

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

88,633

99,401

Interest of £2,202 (2024 - £4,309) has been charged on the overdrawn outstanding balance at official HMRC rates.

9.	RELATED PARTY DISCLOSURES

Highlands Products Limited

A 100% subsidiary of the company.

Dividends of £nil (2024 - £nil) were received during the year from Highlands Products Limited.

The company was recharged accountancy fees from this company of £nil (2024 - £2,000).

The amount due to the related party at the balance sheet date was £412,247 (2024 - £417,047).

Highlands International (1999) Limited

A 100% subsidiary of the company.

The amount due from the related party at the balance sheet date was £1,092 (2024 - £1,092).

Rhodes (UK) Limited

Mr M T Bromley is also a director of this company.

The amount due from the related party at the balance sheet date was £300 (2024 - £300).

Advanced Animal Health Limited

Mr M T Bromley is also a director of this company.

The amount due from the related party at the balance sheet date was £592 (2024 - £592).

AFS Supplies Limited

Mr M T Bromley is also a director and shareholder of this company.

The amount due from the related party at the balance sheet date was £24,735 (2024 - £24,735).

Peerless Plastics and Coatings Limited

Mr M T Bromley is also a director and shareholder of this company.

During the year, sales of £nil (2024 - £nil) were made to the related company.

The amount due from the related party at the balance sheet date was £243,183 (2024 - £243,183).

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the sole director, Mr M T Bromley, by virtue of his controlling interest in the issued share capital of the company.