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Company No: 10408444 (England and Wales)

# HIGHGROVE DORSET LTD

### Unaudited Financial Statements
For the financial year ended 31 October 2025
Pages for filing with the registrar

HIGHGROVE DORSET LTD

## Unaudited Financial Statements

For the financial year ended 31 October 2025

Contents

HIGHGROVE DORSET LTD

## BALANCE SHEET

As at 31 October 2025
HIGHGROVE DORSET LTD

## BALANCE SHEET (continued)

As at 31 October 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 183 |  | 262
Investment property | 4 | 950,000 |  | 950,000
|  | 950,183 |  | 950,262
Current assets |  |  |  |
Debtors | 5 | 151 |  | 0
Cash at bank and in hand |  | 100,343 |  | 54,481
|  | 100,494 |  | 54,481
Creditors: amounts falling due within one year | 6 | ( 914,254) |  | ( 960,998)
Net current liabilities |  | (813,760) |  | (906,517)
Total assets less current liabilities |  | 136,423 |  | 43,745
Provision for liabilities | 7 | ( 34,217) |  | ( 11,046)
Net assets |  | 102,206 |  | 32,699
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Fair value reserve | 8 | 146,302 |  | 146,302
Profit and loss account |  | ( 44,196 ) |  | ( 113,703 )
Total shareholders' funds |  | 102,206 |  | 32,699

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Highgrove Dorset Ltd (registered number: 10408444) were approved and authorised for issue by the Director on 02 April 2026. They were signed on its behalf by:

S P J Fudge Director |

HIGHGROVE DORSET LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025
HIGHGROVE DORSET LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Highgrove Dorset Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Albert Goodman, Lupin Way, Yeovil, BA22 8WW, United Kingdom. The principal place of business is 5 Artillery Road, Yeovil, Somerset, BA22 8RP.
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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net current liabilities at the balance sheet date which include a loan from the director. The director will continue to support the company by providing a loan as is required in order to meet the other liabilities of the company as they fall due. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for property rental income and property development services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probable that future economic benefits will flow to the entity;
And specific criteria have been met for each of the company's activities.
Rental income received in advance of the period to which it relates is included as deferred income within creditors falling due within one year on the balance sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 5 years straight line
Office equipment | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the director, on an open market value for existing use basis.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 November 2024 | 954 |  | 392 |  | 1,346
At 31 October 2025 | 954 |  | 392 |  | 1,346
Accumulated depreciation |  |  |  |  |
At 01 November 2024 | 954 |  | 130 |  | 1,084
Charge for the financial year | 0 |  | 79 |  | 79
At 31 October 2025 | 954 |  | 209 |  | 1,163
Net book value |  |  |  |  |
At 31 October 2025 | 0 |  | 183 |  | 183
At 31 October 2024 | 0 |  | 262 |  | 262

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 November 2024 | 950,000
As at 31 October 2025 | 950,000

Valuation

The investment property was revalued at 31 October 2024 by the director on an open market value basis. The director considered the valuation of the investment property to remain materially correct at the balance sheet date.
There has been no valuation of investment property by an independent valuer.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
VAT recoverable | 151 |  | 0

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 227 |  | 0
Amounts owed to director | 871,926 |  | 909,746
Accruals and deferred income | 17,101 |  | 23,668
Other taxation and social security | 0 |  | 2,584
Other creditors | 25,000 |  | 25,000
| 914,254 |  | 960,998

#### 7. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 34,217 |  | 11,046

#### 8. Changes in equity

| Called-up share capital |  | Fair value reserve
| £ |  | £
At 01 November 2024 | 100 |  | 146,302
At 31 October 2025 | 100 |  | 146,302
At 01 November 2023 | 100 |  | 0
Transfer of fair value adjustments from profit & loss account | 0 |  | 157,348
Transfer of deferred tax on fair value adjustments | 0 |  | ( 11,046)
Total comprehensive income | 0 |  | 146,302
At 31 October 2024 | 100 |  | 146,302