Company registration number 12031909 (England and Wales)
High Chimneys Limited
Unaudited Financial Statements
For the year ended 30 June 2025
High Chimneys Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
High Chimneys Limited
Statement of financial position
As at 30 June 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
111,035
57,277
Investment property
4
2,475,000
2,350,000
2,586,035
2,407,277
Current assets
Debtors
5
720
872
Cash at bank and in hand
15,971
2,195
16,691
3,067
Creditors: amounts falling due within one year
6
(1,011,913)
(1,000,197)
Net current liabilities
(995,222)
(997,130)
Total assets less current liabilities
1,590,813
1,410,147
Provisions for liabilities
(366,343)
(338,096)
Net assets
1,224,470
1,072,051
Capital and reserves
Called up share capital
80
80
Fair value reserve
7
1,099,028
1,014,288
Retained earnings
125,362
57,683
Total equity
1,224,470
1,072,051
High Chimneys Limited
Statement of financial position (continued)
As at 30 June 2025
30 June 2025
- 2 -

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 February 2026 and are signed on its behalf by:
G G Gilbert
Director
Company registration number 12031909 (England and Wales)
High Chimneys Limited
Notes to the financial statements
For the year ended 30 June 2025
- 3 -
1
Accounting policies
Company information

High Chimneys Limited is a private company limited by shares incorporated in England and Wales. The registered office is Whitlocks End Farm, Bills Lane, Shirley, Solihull, West Midlands, United Kingdom, B90 2PL.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Revenue

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

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% on reducing balance
Fixtures and fittings
20% on reducing balance
1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

High Chimneys Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 July 2024
31,040
47,842
78,882
Additions
64,590
11,245
75,835
At 30 June 2025
95,630
59,087
154,717
Depreciation and impairment
At 1 July 2024
4,656
16,949
21,605
Depreciation charged in the year
13,649
8,428
22,077
At 30 June 2025
18,305
25,377
43,682
Carrying amount
At 30 June 2025
77,325
33,710
111,035
At 30 June 2024
26,384
30,893
57,277
High Chimneys Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
- 5 -
4
Investment property
2025
£
Fair value
At 1 July 2024
2,350,000
Additions
12,013
Revaluations
112,987
At 30 June 2025
2,475,000

Investment property was valued on an open market basis on 30 June 2025 by the directors.

Changes in fair value are included in the fair value reserve.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
1,009,629
997,616
Accumulated depreciation
-
-
Carrying amount
1,009,629
997,616
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
720
872
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
13,934
329
Taxation and social security
8,177
-
0
Other creditors
989,802
999,868
1,011,913
1,000,197
High Chimneys Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
- 6 -
7
Fair value reserve
2025
2024
£
£
At the beginning of the year
1,014,288
595,250
Fair value reserve
84,740
419,038
At the end of the year
1,099,028
1,014,288
8
Related party transactions

At the end of the year the company owned the directors £57,867 (2024: £79,514).

2025-06-30 2024-07-01 false false false 20 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity G G Gilbert Mr E G Gilbert Mr T W Gilbert 12031909 2024-07-01 2025-06-30 12031909 2025-06-30 12031909 2024-06-30 12031909 core:PlantMachinery 2025-06-30 12031909 core:FurnitureFittings 2025-06-30 12031909 core:PlantMachinery 2024-06-30 12031909 core:FurnitureFittings 2024-06-30 12031909 core:CurrentFinancialInstruments 2025-06-30 12031909 core:CurrentFinancialInstruments 2024-06-30 12031909 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 12031909 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 12031909 core:ShareCapital 2025-06-30 12031909 core:ShareCapital 2024-06-30 12031909 core:FurtherSpecificReserve1ComponentTotalEquity 2025-06-30 12031909 core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 12031909 core:RetainedEarningsAccumulatedLosses 2025-06-30 12031909 core:RetainedEarningsAccumulatedLosses 2024-06-30 12031909 bus:Director1 2024-07-01 2025-06-30 12031909 core:PlantMachinery 2024-07-01 2025-06-30 12031909 core:FurnitureFittings 2024-07-01 2025-06-30 12031909 2023-07-01 2024-06-30 12031909 core:PlantMachinery 2024-06-30 12031909 core:FurnitureFittings 2024-06-30 12031909 2024-06-30 12031909 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 12031909 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 12031909 bus:FRS102 2024-07-01 2025-06-30 12031909 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 12031909 bus:Director2 2024-07-01 2025-06-30 12031909 bus:Director3 2024-07-01 2025-06-30 12031909 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP