Highway Property Limited Accounts






	Highway Property Limited
	Company No. 12808539

	Information for Filing with The Registrar
	31 August 2025

The Director presents his report and the accounts for the year ended 31 August 2025.

Principal activities

The principal activity of the company during the year under review was Buying, selling real estate and lettings.
-

Director

The Director who served at any time during the year was as follows:

SamToplis




The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

SamToplis
Director
31 August 2025

at	31 August 2025
Company No.		12808539	Notes	2025	2024
				£	£
Fixed assets
	Intangible assets		5	39,484	39,484
	Tangible assets		6	7,193	9,591
	Investment property		7	710,000	710,000
				756,677	759,075
Current assets
	Investments		8	-	-
	Cash at bank and in hand			235	379
				235	379
Creditors: Amount falling due within one year			9	(124,916)	(145,248)
Net current liabilities				(124,681)	(144,869)
Total assets less current liabilities				631,996	614,206
Creditors: Amounts falling due after more than one year			10	(553,017)	(532,730)
Net assets				78,979	81,476

Capital and reserves
	Called up share capital			100	100
	Profit and loss account		12	78,879	81,376

Total equity				78,979	81,476


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 August 2025 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.


As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 August 2025 and signed on its behalf by:
SamToplis
Director
31 August 2025

for the year ended 31 August 2025

1

General information

Highway Property Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 12808539

Its registered office is:

Its trading address is:

85-87 Saltergate

Three Pieces

Chesterfield

Vernon Lane

Kelstedge

Derbyshrie

Chesterfield

S40 1JS

S45 0EA

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2

Accounting policies

Revenue recognition

Revenue comprises income arising from the Company's ordinary activities and is measured at the amount of consideration to which the Company expects to be entitled in exchange for transferring promised goods or services to customers, excluding amounts collected on behalf of third parties and applicable taxes.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Motor vehicles

25% Reducing balance

Furniture, fittings and equipment

25% Reducing balance

Leased assets

The Company recognises leases in accordance with Section 20 of FRS 102. At the commencement of a lease, the Company recognises a right-of-use asset and a corresponding lease liability, except where the lease qualifies for an applicable recognition exemption.

Research and development costs

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.

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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account. No depreciation is provided in respect of investment properties.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

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.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Employee benefits

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
		2025	2024
		Number	Number
	The average monthly number of employees (including directors) during the year was:	0	0

4	Taxation
		(a) Tax on profit on ordinary activities	2025	2024
		The tax charge is made up as follows:	£	£
		UK corporation tax


		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2025	2024
		474	£	£
		Profit on ordinary activities before tax	(2,497)	(1,491)

		Standard rate of corporation tax in the United Kingdom	19%	19%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	(474)	(283)
		Expenses not deductible for tax purposes	474	283

5	Intangible fixed assets
			Goodwill	Patents and trade-marks	Development costs	Other	Total
			£	£	£	£	£
		Cost
		At 1 September 2024	-	-	-	39,484	39,484
		At 31 August 2025	-	-	-	39,484	39,484
		Amortisation and impairment
		Net book values
		At 31 August 2025	-	-	-	39,484	39,484
		At 31 August 2024	-	-	-	39,484	39,484

6	Tangible fixed assets
			Land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£	£
		Cost or revaluation
		At 1 September 2024	-	-	11,400	5,222	16,622
		At 31 August 2025	-	-	11,400	5,222	16,622
		Depreciation
		At 1 September 2024	-	-	5,522	1,509	7,031
		Charge for the year	-	-	1,470	928	2,398
		At 31 August 2025	-	-	6,992	2,437	9,429
		Net book values
		At 31 August 2025	-	-	4,408	2,785	7,193
		At 31 August 2024	-	-	5,878	3,713	9,591

7	Investment property
			Freehold Investment Property
			£
		Valuation
		At 1 September 2024	710,000
		At 31 August 2025	710,000

8

Current asset investments

9	Creditors:
		amounts falling due within one year
			2025	2024
			£	£
		Loans from directors	124,196	144,528
		Accruals and deferred income	720	720
			124,916	145,248

10	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£
		Other loans	553,017	532,730
			553,017	532,730

11

Share Capital

100 Ordinary Shares at £1 each fully paid

12	Reserves
			Revaluation Reserve	Capital redemption reserve	Total other reserves
			£	£	£

		Profit and loss account - includes all current and prior period retained profits and losses.

13

Transition to FRS 102

The impact from the transition to FRS 102 is as follows: