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Registered number: 12424280
Highoaks Associates Limited
Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12424280
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,899 12,290
Investments 5 28,142 28,142
45,041 40,432
CURRENT ASSETS
Debtors 6 46,280 46,521
Cash at bank and in hand 139 -
46,419 46,521
Creditors: Amounts Falling Due Within One Year 7 (27,310 ) (16,837 )
NET CURRENT ASSETS (LIABILITIES) 19,109 29,684
TOTAL ASSETS LESS CURRENT LIABILITIES 64,150 70,116
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,000 ) -
NET ASSETS 60,150 70,116
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 60,149 70,115
SHAREHOLDERS' FUNDS 60,150 70,116
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr H McDonagh
Director
15 January 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Highoaks Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12424280 . The registered office is 8 High Oaks Close, Coulsdon, Surrey, CR5 3EZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.4. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2024 9,200 8,100 17,300
Additions 7,200 899 8,099
As at 31 January 2025 16,400 8,999 25,399
Depreciation
As at 1 February 2024 985 4,025 5,010
Provided during the period 2,453 1,037 3,490
As at 31 January 2025 3,438 5,062 8,500
Net Book Value
As at 31 January 2025 12,962 3,937 16,899
As at 1 February 2024 8,215 4,075 12,290
5. Investments
Other
£
Cost or Valuation
As at 1 February 2024 28,142
As at 31 January 2025 28,142
Provision
As at 1 February 2024 -
As at 31 January 2025 -
Net Book Value
As at 31 January 2025 28,142
As at 1 February 2024 28,142
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6. Debtors
2025 2024
£ £
Due within one year
Other debtors 46,280 46,521
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,920 -
Bank loans and overdrafts - 4
Other creditors 1,920 1,920
Taxation and social security 23,470 14,913
27,310 16,837
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Harry McDonagh 34,690 11,590 - - 46,280
The above loan is unsecured and repayable on demand.
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