HIGH PIKE LIMITED


Directors	STEADMAN, Lynn
	STEADMAN, Michael James


Registered Address	Hodden Croft
	Caldbeck
	Wigton
	CA7 8EL


Registered Number	06747068 (England and Wales)

Statement of Financial Position
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		19,269		137
Investment property	4		3,336,533		3,336,533
			3,355,802		3,336,670
Current assets
Debtors	5	33,232		41,139
Cash at bank and on hand		50,333		87,234
		83,565		128,373
Creditors amounts falling due within one year	6	(2,367,764)		(2,408,976)
Net current assets (liabilities)			(2,284,199)		(2,280,603)
Total assets less current liabilities			1,071,603		1,056,067
Creditors amounts falling due after one year	7		(137,000)		(149,000)
Provisions for liabilities	8		(12,764)		-
Net assets			921,839		907,067
Capital and reserves
Called up share capital			100		100
Profit and loss account			921,739		906,967
Shareholders' funds			921,839		907,067

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 May 2026, and are signed on its behalf by:

STEADMAN, Lynn
Director

STEADMAN, Michael James
Director

Registered Company No. 06747068

HIGH PIKE LIMITED

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Turnover policy
	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 sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy

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 sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 December 24	21,886	5,799	27,685
Additions	20,280	-	20,280
At 30 November 25	42,166	5,799	47,965
Depreciation and impairment
At 01 December 24	21,886	5,662	27,548
Charge for year	1,014	134	1,148
At 30 November 25	22,900	5,796	28,696
Net book value
At 30 November 25	19,266	3	19,269
At 30 November 24	-	137	137

4.	Investment property
	The investment properties class of fixed assets was revalued on 30 November 2023 by the Directors who are internal to the company. Any revaluations have no effect on the tax payable in the year. This class of assets has a current value of £3,336,533 (2023 - £3,336,533) and a carrying amount at historical cost of £3,336,533 (2023 - £3,336,533). The depreciation on this historical cost is £nil (2023 - £nil). There has been no valuation of investment property by an independent valuer.

Investment property

The investment properties class of fixed assets was revalued on 30 November 2023 by the Directors who are internal to the company. Any revaluations have no effect on the tax payable in the year. This class of assets has a current value of £3,336,533 (2023 - £3,336,533) and a carrying amount at historical cost of £3,336,533 (2023 - £3,336,533). The depreciation on this historical cost is £nil (2023 - £nil). There has been no valuation of investment property by an independent valuer.


		£
	Fair value at 01 December 24	3,336,533
	At 30 November 25	3,336,533

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	2,282
Other debtors	30,000	30,000
Prepayments and accrued income	3,232	8,857
Total	33,232	41,139

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	6,151	3,839
Bank borrowings and overdrafts	12,000	12,000
Taxation and social security	2,904	14,208
Other creditors	2,333,684	2,366,741
Accrued liabilities and deferred income	13,025	12,188
Total	2,367,764	2,408,976

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	137,000	149,000
Total	137,000	149,000

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	12,764	-
Total	12,764	-

9.	Related party transactions
	During the year High Pike Limited had a loan with an associated company - Aztec Adventure Play Limited. The loan was unsecured and interest free. This loan is currently valued at £30,000 (2023 - £20,000)