Company Registration No. 13332598 (England and Wales)
Higgihaus Aparthotels (Clare St) Limited
Unaudited accounts
for the year ended 31 March 2025
Higgihaus Aparthotels (Clare St) Limited
Unaudited accounts
Contents
Higgihaus Aparthotels (Clare St) Limited
Company Information
for the year ended 31 March 2025
Directors
Luke Jon Spikes
Surinder Sandhu Hira
Ian John Leslie Holford
Andrew Colin Milner
Delyth Jane Spikes
Company Number
13332598 (England and Wales)
Registered Office
Higgihaus
26 Clare Street
Bristol
Avon
BS1 1YA
England
Higgihaus Aparthotels (Clare St) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
5,344
6,983
Investment property
2,032,899
2,034,815
Cash at bank and in hand
34,488
72,207
Creditors: amounts falling due within one year
(104,986)
(10,040)
Net current assets
42,829
131,740
Total assets less current liabilities
2,081,072
2,173,538
Creditors: amounts falling due after more than one year
(1,040,000)
(1,261,853)
Net assets
1,041,072
911,685
Called up share capital
198
100
Share premium
436,048
321,064
Revaluation reserve
586,081
586,081
Profit and loss account
18,745
4,440
Shareholders' funds
1,041,072
911,685
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 28 December 2025 and were signed on its behalf by
Luke Jon Spikes
Director
Company Registration No. 13332598
Higgihaus Aparthotels (Clare St) Limited
Notes to the Accounts
for the year ended 31 March 2025
Higgihaus Aparthotels (Clare St) Limited is a private company, limited by shares, registered in England and Wales, registration number 13332598. The registered office is Higgihaus, 26 Clare Street, Bristol, Avon, BS1 1YA, England.
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.
These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Higgihaus Aparthotels (Clare St) Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
1,470
8,199
9,669
At 31 March 2025
1,470
8,199
9,669
At 1 April 2024
49
2,637
2,686
Charge for the year
49
1,590
1,639
At 31 March 2025
98
4,227
4,325
At 31 March 2025
1,372
3,972
5,344
At 31 March 2024
1,421
5,562
6,983
Fair value at 1 April 2024
2,034,815
At 31 March 2025
2,032,899
Higgihaus Aparthotels (Clare St) Limited
Notes to the Accounts
for the year ended 31 March 2025
Investment properties are those held to earn rentals and/or for capital appreciation and are measured at fair value at each reporting date in accordance with FRS 102 Section 16.
Fair value represents the amount for which the property could be exchanged between knowledgeable, willing parties in an arm’s length transaction at the balance sheet date. The fair value of investment property is determined as follows:
Independent Valuation: The property is valued by an independent, professionally qualified valuer with relevant recent experience in the location and class of the property.
or
Director’s Valuation: Where an external valuation is not obtained, the fair value is determined by the directors using market evidence of comparable properties, recent transactions, rental yields and expected future cash flows.
Valuation techniques include reference to:
Comparable market sales data
Market rental values and yields
Condition, location, and tenancy profile
Expected occupancy and income levels
Market-based assumptions to reflect current conditions
Changes in fair value are recognised in profit or loss in the period in which they arise.
No depreciation is provided on investment properties held at fair value.
Where a property is under construction or development for future use as an investment property, it is initially measured at cost and remeasured to fair value once reliably measurable.
Amounts falling due within one year
Amounts due from group undertakings etc.
35,098
-
Accrued income and prepayments
3,821
(7,459)
Amounts falling due after more than one year
Amounts due from group undertakings etc.
31,090
76,932
Higgihaus Aparthotels (Clare St) Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
3,954
2,051
Amounts owed to group undertakings and other participating interests
37,583
-
Proposed dividends
52,284
-
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
950,000
939,894
Other creditors
90,000
201,959
Loans from directors
-
120,000
Allotted, called up and fully paid:
10,000 Ordinary A shares of £0.01 each
100.00
100.00
9,801 Ordinary B shares of £0.01 each
98.01
65.34
Shares issued during the period:
3,267 Ordinary B shares of £0.01 each
32.67
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).