Highbyte Projects Ltd - Filleted accounts

Registered number

09297235

Highbyte Projects Ltd

Unaudited Filleted Accounts

For The Year Ended

30 November 2025

Highbyte Projects Ltd
Registered number:		09297235
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		442,392			442,839

Current assets
Debtors	4	2,400			1,950
Cash at bank and in hand		3,601			5,641
		6,001			7,591

Creditors: amounts falling due within one year	5	(7,877)			(7,372)

Net current (liabilities)/assets			(1,876)			219

Total assets less current liabilities			440,516			443,058

Creditors: amounts falling due after more than one year	6		(408,964)			(412,558)



Net assets			31,552			30,500

Capital and reserves
Called up share capital			1			1
Profit and loss account			31,551			30,499

Shareholder's funds			31,552			30,500

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr Y Shifman
Director
Approved by the board on 20 August 2026

Highbyte Projects Ltd
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover for the year was derived from rent recevable of the company's investment property.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold buildings	over the lease term 999 years
	Fixtures, fittings, tools and equipment	over 3 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 December 2024	445,968		2,297		448,265
	At 30 November 2025	445,968		2,297		448,265

	Depreciation
	At 1 December 2024	3,129		2,297		5,426
	Charge for the year	447		-		447
	At 30 November 2025	3,576		2,297		5,873

	Net book value
	At 30 November 2025	442,392		-		442,392
	At 30 November 2024	442,839		-		442,839


4	Debtors			2025		2024
£					£

	Other debtors			2,400		1,950


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			352		232
	Other creditors			7,525		7,140
				7,877		7,372


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			136,681		142,975
	Other creditors			272,283		269,583
				408,964		412,558


7	Loans			2025		2024
£					£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years			272,283		269,583


	Secured bank loans			136,681		142,975

	The secuirty for the loan is a floating charge on the premises.


8	Controlling party

	Dr Y Shifman controls the company by virtue of his ownership of all of the issued share capital.


9	Other information

	Highbyte Projects Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Flat 2, 3 Blackdown Close
	London
	N2 8JF