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Registered number: 03420914
Highlodge Agencies Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03420914
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,323 1,886
Investment Properties 5 1,710,000 1,664,990
Investments 6 4,355 -
1,715,678 1,666,876
CURRENT ASSETS
Debtors 7 674 5,345
Cash at bank and in hand 60,474 48,841
61,148 54,186
Creditors: Amounts Falling Due Within One Year 8 (13,657 ) (38,871 )
NET CURRENT ASSETS (LIABILITIES) 47,491 15,315
TOTAL ASSETS LESS CURRENT LIABILITIES 1,763,169 1,682,191
Creditors: Amounts Falling Due After More Than One Year 9 (1,056,533 ) (1,033,055 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (133,692 ) (122,580 )
NET ASSETS 572,944 526,556
CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 533,443 488,433
Profit and Loss Account 39,499 38,121
SHAREHOLDERS' FUNDS 572,944 526,556
Page 1
Page 2
For the year ending 31 August 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 Michael Newman
Director
29/05/2026
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
Highlodge Agencies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03420914 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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 sale of goods and 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 15% Reducing Balance
Computer Equipment 33% Straight Line Basis
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 September 2024 6,283 1,182 7,465
As at 31 August 2025 6,283 1,182 7,465
Depreciation
As at 1 September 2024 5,131 448 5,579
Provided during the period 173 390 563
As at 31 August 2025 5,304 838 6,142
Net Book Value
As at 31 August 2025 979 344 1,323
As at 1 September 2024 1,152 734 1,886
5. Investment Property
2025
£
Fair Value
As at 1 September 2024 1,664,990
Revaluations 45,010
As at 31 August 2025 1,710,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
as restated
£ £
Cost 1,176,556 1,176,556
6. Investments
Listed
£
Cost or Valuation
As at 1 September 2024 -
Additions 4,355
As at 31 August 2025 4,355
Provision
As at 1 September 2024 -
As at 31 August 2025 -
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 August 2025 4,355
As at 1 September 2024 -
7. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 674 1,264
Other debtors - 4,081
674 5,345
8. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Bank loans and overdrafts 1,255 1,224
Other creditors 6,009 11,228
Taxation and social security 6,393 26,419
13,657 38,871
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
as restated
£ £
Bank loans 1,056,533 1,033,055
10. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 2 2
11. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 September 2024 488,433 38,121
Profit for year - 1,378
Surplus on revaluation 45,010 -
Other comprehensive income for the year 45,010 -
Total comprehensive income for the year 45,010 1,378
As at 31 August 2025 533,443 39,499
Page 5