Highpoint Freeholds Limited - Accounts to registrar (filleted) - small 18.2

Highpoint Freeholds Limited - Accounts to registrar (filleted) - small 18.2

HIGHPOINT FREEHOLDS LIMITED - Company Information

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REGISTERED NUMBER: 06818681 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

FOR

HIGHPOINT FREEHOLDS LIMITED
HIGHPOINT FREEHOLDS LIMITED (REGISTERED NUMBER: 06818681)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HIGHPOINT FREEHOLDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2021







DIRECTORS: A Haines
Mrs H Haines





REGISTERED OFFICE: First Floor
105-111 Euston Street
London
NW1 2EW





REGISTERED NUMBER: 06818681 (England and Wales)





ACCOUNTANTS: Anthonisz Neville LLP
1st Floor
105-111 Euston Street
London
NW1 2EW
Page 1
HIGHPOINT FREEHOLDS LIMITED (REGISTERED NUMBER: 06818681)

ABRIDGED BALANCE SHEET
31 MAY 2021

31/5/21 31/5/20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 104
Investments 5 1 -
Investment property 6 375,000 375,000
375,001 375,104

CURRENT ASSETS
Debtors 25,000 27,000
Cash at bank 5,052 49,824
30,052 76,824
CREDITORS
Amounts falling due within one year 18,188 10,885
NET CURRENT ASSETS 11,864 65,939
TOTAL ASSETS LESS CURRENT
LIABILITIES
386,865
441,043

CREDITORS
Amounts falling due after more than one year (303,297 ) (307,336 )

PROVISIONS FOR LIABILITIES (24,029 ) (24,029 )
NET ASSETS 59,539 109,678

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 102,439 102,439
Retained earnings (43,000 ) 7,139
SHAREHOLDERS' FUNDS 59,539 109,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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 notes form part of these financial statements

Page 2 continued...
HIGHPOINT FREEHOLDS LIMITED (REGISTERED NUMBER: 06818681)

ABRIDGED BALANCE SHEET - continued
31 MAY 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2022 and were signed on its behalf by:




A Haines - Director



Mrs H Haines - Director


The notes form part of these financial statements

Page 3
HIGHPOINT FREEHOLDS LIMITED (REGISTERED NUMBER: 06818681)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021

1. STATUTORY INFORMATION

Highpoint Freeholds 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 as modified by the revaluation of certain assets.

All of the receipts and expenses relating to properties managed by the company on behalf of the tenants and landlords are excluded from the statutory accounts.

Turnover
Turnover represents fee income generated from managing properties and recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on straight line

Investment property
Investment property is stated at cost price less any permanent impairments.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2020
and 31 May 2021 5,823
DEPRECIATION
At 1 June 2020 5,719
Charge for year 104
At 31 May 2021 5,823
NET BOOK VALUE
At 31 May 2021 -
At 31 May 2020 104

Page 4 continued...
HIGHPOINT FREEHOLDS LIMITED (REGISTERED NUMBER: 06818681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2021

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 1
At 31 May 2021 1
NET BOOK VALUE
At 31 May 2021 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2020
and 31 May 2021 375,000
NET BOOK VALUE
At 31 May 2021 375,000
At 31 May 2020 375,000

Fair value at 31 May 2021 is represented by:
£   
Valuation in 2018 101,468
Valuation in 2020 25,000
Cost 248,532
375,000

7. RESERVES
Revaluation
reserve
£   
At 1 June 2020
and 31 May 2021 102,439

Page 5