REGISTERED NUMBER: 11040322 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Highgrove Group (Junction 32) Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTORS:

J C Best

D J Shann

P Whitaker

SECRETARY:

D M Lush

REGISTERED OFFICE:

Middleton House

Westland Road

Leeds

West Yorkshire

LS11 5UH

REGISTERED NUMBER:

11040322 (England and Wales)

ACCOUNTANTS:

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Highgrove Group (Junction 32) Limited for the year ended 31 October 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Highgrove Group (Junction 32) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Highgrove Group (Junction 32) Limited and state those matters that we have agreed to state to the Board of Directors of Highgrove Group (Junction 32) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Highgrove Group (Junction 32) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Highgrove Group (Junction 32) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Highgrove Group (Junction 32) Limited. You consider that Highgrove Group (Junction 32) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Highgrove Group (Junction 32) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

23 July 2026

CURRENT ASSETS

Stocks

8,230,620

8,229,120

Debtors

5

9,181,532

9,764,291

Cash in hand

200

200

17,412,352

17,993,611

CREDITORS

Amounts falling due within one year

6

18,486,711

18,540,890

NET CURRENT LIABILITIES

(1,074,359

)

(547,279

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,074,359

)

(547,279

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(1,074,559

)

(547,479

)

(1,074,359

)

(547,279

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by:

D J Shann - Director

1.	STATUTORY INFORMATION

Highgrove Group (Junction 32) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The directors have considered the current trading position of the company and its expectations for the next 12 months following the date of the approval of these financial statements and believe it is appropriate to prepare the financial statements on the going concern basis.

This assumes the continued support of the creditors as a whole. The creditors providing finance to the company have indicated that the support will continue to be available.

Accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

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

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Stock represents development costs associated with the project. The interest charged on loans from connected parties which are funding the project are deemed to be a directly attributable cost and are included within the stock value.

Valuation of work in progress

Work in progress relates to costs incurred to date of acquiring and developing real estate assets. The carrying value of work in progress is assessed based on calculations of the relevant cost of sales linked to each development where the cost of sales is based on detailed forecasts of expected remaining revenues and costs to complete the project. Judgements around expected income are based on sales experience and market conditions as at the measurement date. Judgements around costs to complete are based on the status of completion as well as a detailed understanding of the specific requirements for each development.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors

24,477

23,405

Amounts falling due after more than one year:

Other debtors

9,157,055

9,740,886

Aggregate amounts

9,181,532

9,764,291

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,005

4,705

Amounts owed to participating interests

4,187,951

10,711,064

Other creditors

14,296,755

7,825,121

18,486,711

18,540,890

There is fixed and floating charges in place in favour of the lenders for the amounts owed to participating interests of £4,187,951 and £10,393,635 of the other creditors as noted above.

7.	RELATED PARTY DISCLOSURES

Amounts owed to participating interest

Transaction value: £945,421 (2024: £1,332,071).

2025

2024

£

£

Amount due to related party at the balance sheet date

4,187,951

10,711,064

Amount due from related party

Transaction value: £420,709 (2024: £494,954).

2025

2024

£

£

Amount due from related party at the balance sheet date

9,157,055

9,740,886

Directors loan accounts

Transaction value: £NIL (2024: £NIL).

There is no interest charged on the directors loan accounts.

2025

2024

£

£

Amount due to related party at the balance sheet date

10,393,635

7,825,121

Amounts owed to related party

2025

2024

£

£

Amount due to related party at the balance sheet date

3,900,000

-

The above loan is interest free and repayable on demand.

8.	CONTROLLING PARTY