Registration number: 15210312

Highet Assets Ltd

Contents

Abridged Balance Sheet	1
Notes to the Unaudited Abridged Financial Statements	2 to 3

Highet Assets Ltd

(Registration number: 15210312)
Abridged Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Other financial assets	4	241,503	241,503
Current assets
Debtors		10	290
Cash at bank and in hand		2,353	4,923
		2,363	5,213
Creditors: Amounts falling due within one year	5	(9,645)	(9,458)
Net current liabilities		(7,282)	(4,245)
Total assets less current liabilities		234,221	237,258
Creditors: Amounts falling due after more than one year	6	(225,722)	(236,160)
Net assets		8,499	1,098
Capital and reserves
Called up share capital		100	100
Profit and loss account		8,399	998
Total equity		8,499	1,098

For the financial period ending 30 November 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 of its accounts for the period in question in accordance with section 476; and
	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 28 August 2026 and signed on its behalf by:
 

Mr J Highet

Director

Mrs H Highet

Director

Highet Assets Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 November 2024 to 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 28 August 2026.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

These financial statements cover an extended reporting period of 13 months, running from 01 November 2024 to 30 November 2025. The transition was made to reflect the true operational business cycle. Therefore, amounts presented in these financial statements are not entirely comparable.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's liabilities at 30 November 2025, an amount is owed to directors , who have agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeoparadise the future of the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).

Highet Assets Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 November 2024 to 30 November 2025

4	Other financial assets (current and non-current)

	Total £
Non-current financial assets
Cost or valuation
Additions	241,503
At 30 November 2025	241,503
Carrying amount
At 30 November 2025	241,503

5	Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £8,000 (2024: £7,700)

6	Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £225,721 (2024: £236,160).

7	Related party transactions

Advances to directors

Mr J Highet During the period Mr J Highet went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £1,316 (2024:£Nil). At the year end the amount outstanding from Mr J Highet was £1,316 (2024: £Nil). Interest has been charged at the commercial rate.