Highstone Building Services Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

Highstone Building Services Ltd

(Registration number: 04166289)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	311,860	372,917
Current assets
Stocks	5	1,123,042	1,164,162
Debtors	6	1,666,624	81,851
Cash at bank and in hand		23,447	8,674
		2,813,113	1,254,687
Creditors: Amounts falling due within one year	7	(2,256,732)	(760,047)
Net current assets		556,381	494,640
Total assets less current liabilities		868,241	867,557
Creditors: Amounts falling due after more than one year	7	-	(4,379)
Provisions for liabilities		(77,965)	(93,230)
Net assets		790,276	769,948
Capital and reserves
Called up share capital		100	100
Profit and loss account		790,176	769,848
Shareholders' funds		790,276	769,948

Highstone Building Services Ltd

(Registration number: 04166289)
Statement of Financial Position as at 31 March 2025 (continued)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 18 November 2025 and signed on its behalf by:
 

J Hawley Director

L Lloyd Director

Highstone Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
329 Wakefield Road
Denby Dale
Huddersfield
HD8 8RX
United Kingdom

Principal activity

The principal activity of the company is that of property development.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Highstone Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

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.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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 income 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 in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Highstone Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% on reducing balance
Fixtures and fittings	15% on reducing balance
Motor vehicles	25% on reducing balance
Office equipment	33% on cost

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

The stock held by the company consists of residential properties. These are valued at the lower of cost and net realisable value. The directors have confirmed that none of the property valuations have fallen below the price that were paid for the properties.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charges to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Highstone Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Defined benefit pension obligation

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2024 - 19).

Highstone Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Tangible assets

	Property improvements £	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	277,509	50,291	480,434	36,344	380,608	1,225,186
Additions	-	-	1,400	7,872	23,350	32,622
Disposals	-	(1,090)	-	(9,154)	(42,169)	(52,413)
At 31 March 2025	277,509	49,201	481,834	35,062	361,789	1,205,395
Depreciation
At 1 April 2024	277,509	39,658	285,185	34,026	215,891	852,269
Charge for the year	-	1,596	29,496	3,783	43,089	77,964
Eliminated on disposal	-	(1,090)	-	(9,154)	(26,454)	(36,698)
At 31 March 2025	277,509	40,164	314,681	28,655	232,526	893,535
Carrying amount
At 31 March 2025	-	9,037	167,153	6,407	129,263	311,860
At 31 March 2024	-	10,633	195,249	2,318	164,717	372,917

5

Stocks

	2025 £	2024 £
Finished goods and goods for resale	1,123,042	1,164,162

6

Debtors

	2025 £	2024 £
Trade debtors	117,878	19,028
Other debtors	813,190	12,042
Prepayments	35,556	50,781
Accrued income	700,000	-
	1,666,624	81,851

Highstone Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		4,379	8,285
Trade creditors		271,676	128,644
Taxation and social security		45,008	97,779
Accruals and deferred income		26,173	27,500
Other creditors		1,909,496	497,839
		2,256,732	760,047

Creditors include hire purchase contracts which are secured of £4,379 (2024 - £8,285).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		-	4,379

Creditors include hire purchase contracts which are secured of £Nil (2024 - £4,379).

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	10,919	16,378
Later than one year and not later than five years	-	10,919
	10,919	27,297

Highstone Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

9	Obligations under leases and hire purchase contracts (continued)

The amount of non-cancellable operating lease payments recognised as an expense during the year was £19,772 (2024 - £19,852).

10	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Director	-	683,136	(683,136)	-
Director	-	37,643	(37,643)	-
Director	-	75,287	(75,287)	-
	-	796,066	(796,066)	-

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
Director	877,334	17,485	(894,819)	-
	877,334	17,485	(894,819)	-