Highfield London Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07471468 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HIGHFIELD LONDON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Highfield

Mrs J C Highfield

REGISTERED OFFICE:

1st Floor, Catherine House

Adelaide Street

St. Albans

Hertfordshire

AL3 5BA

REGISTERED NUMBER:

07471468 (England and Wales)

ACCOUNTANTS:

Lovetts Accountants Limited

Bridge House

25 Fiddlebridge Lane

Hatfield

Hertfordshire

AL10 0SP

FIXED ASSETS

Tangible assets

4

34,809

2,222

Investments

5

15,375

50,184

17,597

CURRENT ASSETS

Debtors

6

564,808

1,063,057

Cash at bank

76,238

5,551

641,046

1,068,608

CREDITORS

Amounts falling due within one year

7

80,113

109,324

NET CURRENT ASSETS

560,933

959,284

TOTAL ASSETS LESS CURRENT
LIABILITIES

611,117

976,881

CREDITORS

Amounts falling due after more than one
year

8

148,407

126,869

NET ASSETS

462,710

850,012

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

462,610

849,912

SHAREHOLDERS' FUNDS

462,710

850,012

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 directors acknowledge their 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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

P J Highfield - Director

1.	STATUTORY INFORMATION

Highfield London 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

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 4 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

-

8,804

Additions

600

36,000

2,053

38,653

At 31 March 2025

600

36,000

10,857

47,457

DEPRECIATION

At 1 April 2024

-

6,582

Charge for year

87

5,227

752

6,066

At 31 March 2025

87

5,227

7,334

12,648

NET BOOK VALUE

At 31 March 2025

513

30,773

3,523

34,809

At 31 March 2024

-

2,222

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

Motor

vehicles

£

COST

Additions

36,000

At 31 March 2025

36,000

DEPRECIATION

Charge for year

5,227

At 31 March 2025

5,227

NET BOOK VALUE

At 31 March 2025

30,773

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2024

and 31 March 2025

15,375

NET BOOK VALUE

At 31 March 2025

15,375

At 31 March 2024

15,375

6.

DEBTORS

31.3.25

31.3.24

£

Amounts falling due within one year:

Trade debtors

-

4,727

Other debtors

191,049

90,145

191,049

94,872

Amounts falling due after more than one year:

Amounts owed by group undertakings

373,759

968,185

Aggregate amounts

564,808

1,063,057

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,000

Hire purchase contracts

3,150

-

Trade creditors

108

1,972

Taxation and social security

37,509

68,425

Other creditors

29,346

28,927

80,113

109,324

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

2,500

12,500

Hire purchase contracts

31,538

-

Amounts owed to group undertakings

5,000

Other creditors

109,369

148,407

126,869

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

P J Highfield

Balance outstanding at start of year

40,011

-

Amounts advanced

24,149

196,011

Amounts repaid

(25,000

)

(156,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

39,160

40,011

The loan is unsecured and interest free.