REGISTERED NUMBER: 07054271 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Highfield (North East) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W F Ashton

J Ashton

S Ashton

D A Ashton

SECRETARY:

J Ashton

REGISTERED OFFICE:

37 Emerald Street

SALTBURN-BY-THE-SEA

TS12 1EE

REGISTERED NUMBER:

07054271 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Great North House

20 Allington Way

DARLINGTON

Co Durham

DL1 4QB

FIXED ASSETS

Tangible assets

4

1,337,056

1,018,214

CURRENT ASSETS

Debtors

5

415,912

291,790

Cash at bank and in hand

501,409

426,635

917,321

718,425

CREDITORS

Amounts falling due within one year

6

(851,083

)

(589,573

)

NET CURRENT ASSETS

66,238

128,852

TOTAL ASSETS LESS CURRENT LIABILITIES

1,403,294

1,147,066

CREDITORS

Amounts falling due after more than one year

7

(673,491

)

(728,623

)

PROVISIONS FOR LIABILITIES

11

(30,412

)

-

NET ASSETS

699,391

418,443

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

699,291

418,343

SHAREHOLDERS' FUNDS

699,391

418,443

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 30 September 2026 and were signed on its behalf by:

D A Ashton - Director

1.	STATUTORY INFORMATION

Highfield (North East) 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover

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

Income is recognised when the service is provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Tools and equipment

-

20% on cost

Tangible fixed assets are held are cost less accumulated depreciation.

The directors consider that the residual value of freehold property is equal to or greater than the carrying value within the accounts. Accordingly, no depreciation has been recognised in the period

Grants

Capital based grants are credited to the profit and loss account in equal instalments, over the estimated useful life of the related asset.

Revenue based grants are credited to the profit and loss account when entitled.

Financial instruments

Basic financial instruments are recognised at amortised cost with charges recognised in profit and loss.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme and retirement benefits are also provided to teaching staff by the Teacher's Pension Scheme (''TPS'') which is a defined benefit scheme.

The TPS is an unfunded scheme and contributions are calculated so as to spread the cost of pensions over employees' working lives with the company in such a way that the pension cost is a substantially level percentage of current and future pensionable payroll. The contributions are determined by the Government Actuary on the basis of quadrennial valuations using a prospective unit credit method. TPS is an unfunded multi-employer scheme with no underlying assets to assign between employers. Consequently, the TPS is treated as a defined contribution scheme for accounting purposes and the contributions recognised in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2024 - 56 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Land and

to

and

buildings

property

fittings

£

£

£

COST

At 1 November 2024

843,749

184,669

28,473

Additions

-

218,008

56,192

At 31 October 2025

843,749

402,677

84,665

DEPRECIATION

At 1 November 2024

-

16,614

28,473

Charge for year

-

18,467

4,612

At 31 October 2025

-

35,081

33,085

NET BOOK VALUE

At 31 October 2025

843,749

367,596

51,580

At 31 October 2024

843,749

168,055

-

Motor

Tools and

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

-

149,600

1,206,491

Additions

10,995

62,236

347,431

At 31 October 2025

10,995

211,836

1,553,922

DEPRECIATION

At 1 November 2024

-

143,190

188,277

Charge for year

458

5,052

28,589

At 31 October 2025

458

148,242

216,866

NET BOOK VALUE

At 31 October 2025

10,537

63,594

1,337,056

At 31 October 2024

-

6,410

1,018,214

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

369,368

233,129

Other debtors

27,500

28,951

Prepayments and accrued income

19,044

29,710

415,912

291,790

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

41,007

45,554

Trade creditors

24,336

32,344

Taxation and social security

274,942

139,182

Other creditors

11,930

28,650

Accruals and deferred income

498,868

343,843

851,083

589,573

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

579,885

621,645

Accruals and deferred income

93,606

106,978

673,491

728,623

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

397,123

479,553

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

41,007

45,554

Amounts falling due between one and two years:

Bank loans - 1-2 years

32,064

40,639

Amounts falling due between two and five years:

Bank loans - 2-5 years

150,698

101,453

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

397,123

479,553

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

104,170

99,697

Between one and five years

114,407

179,205

218,577

278,902

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

620,892

667,199

National Westminster Bank PLC holds a fixed and floating charge over the assets of the business.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

30,412

-

Deferred

tax

£

Accelerated capital allowances

30,412

Balance at 31 October 2025

30,412

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

13.	RELATED PARTY DISCLOSURES

Director, D Ashton, provided administration and finance services to the company during the year, which totalled £45,504. There was nil outstanding as at 31 October 2025.