Company registration number 05023102 (England and Wales)
HIGHGROVE PROPERTY DEVELOPMENTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
HIGHGROVE PROPERTY DEVELOPMENTS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
HIGHGROVE PROPERTY DEVELOPMENTS LTD
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
110
147
Investment property
4
2,725,000
2,512,500
2,725,110
2,512,647
Current assets
Debtors
5
281,600
312,244
Cash at bank and in hand
27,172
18,211
308,772
330,455
Creditors: amounts falling due within one year
6
(34,139)
(35,182)
Net current assets
274,633
295,273
Total assets less current liabilities
2,999,743
2,807,920
Creditors: amounts falling due after more than one year
7
(2,044,951)
(2,127,055)
Provisions for liabilities
(118,925)
(29,550)
Net assets
835,867
651,315
Capital and reserves
Called up share capital
100
100
Revaluation reserve
475,701
118,201
Profit and loss reserves
360,066
533,014
Total equity
835,867
651,315

For the financial year ended 31 January 2026 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 accounts have been prepared 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 March 2026 and are signed on its behalf by:
Mr P N Cribb
Director
Company registration number 05023102 (England and Wales)
HIGHGROVE PROPERTY DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 2 -
1
Accounting policies
Company information

Highgrove Property Developments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Centre of Excellence, Hope Park,, Trevor Foster Way, Bradford, West Yorkshire, BD5 8HH.

1.1
Accounting convention

The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A for small entities.

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 £.

These financial statements for the year ended 31 January 2026 are the first financial statements of Highgrove Property Developments Ltd prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 February 2024.

The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment
25%
Computer equipment
25%

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.

1.4
Investment properties

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.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

HIGHGROVE PROPERTY DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 3 -
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 profit and loss account 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.

Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes, at the current rate of corporation tax.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2026
2025
Number
Number
Total
2
4
HIGHGROVE PROPERTY DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2025 and 31 January 2026
5,075
Depreciation and impairment
At 1 February 2025
4,928
Depreciation charged in the year
37
At 31 January 2026
4,965
Carrying amount
At 31 January 2026
110
At 31 January 2025
147
4
Investment property
2026
£
Fair value
At 1 February 2025
2,512,500
Disposals
(145,000)
Revaluations
357,500
At 31 January 2026
2,725,000

Investment property comprises residential lettings. The fair value of the investment property has been arrived at on the basis of an exercise carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. In the opinion of the directors the market value of the investment property is not materially different from the carrying value above.

5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
281,600
312,244

HIGHGROVE PROPERTY DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 5 -
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
36
258
Corporation tax
4,000
20,000
Other creditors
30,103
14,924
34,139
35,182

Other creditors includes £15,592 (2025 £Nil) owed to directors.

7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
2,017,795
2,094,039
Other creditors
27,156
33,016
2,044,951
2,127,055

The bank loans are secured by fixed charges over the investment properties.

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