Highpoint Freeholds Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06818681 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

HIGHPOINT FREEHOLDS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

470

-

Investments

5

51

51

Investment property

6

375,000

375,000

375,521

375,051

CURRENT ASSETS

Debtors

131,871

30,000

Cash at bank

871

3,405

132,742

33,405

CREDITORS

Amounts falling due within one year

84,174

28,978

NET CURRENT ASSETS

48,568

4,427

TOTAL ASSETS LESS CURRENT LIABILITIES

424,089

379,478

CREDITORS

Amounts falling due after more than one year

(297,514

)

(289,323

)

PROVISIONS FOR LIABILITIES

(24,029

)

(24,029

)

NET ASSETS

102,546

66,126

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

102,439

102,439

Retained earnings

7

(36,413

)

SHAREHOLDERS' FUNDS

102,546

66,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 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 27 February 2024 and were signed on its behalf by:

A Haines - Director

Mrs H Haines - Director

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 3 (2022 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2022

5,823

Additions

705

At 31 May 2023

6,528

DEPRECIATION

At 1 June 2022

5,823

Charge for year

235

At 31 May 2023

6,058

NET BOOK VALUE

At 31 May 2023

470

At 31 May 2022

-

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 June 2022

and 31 May 2023

51

NET BOOK VALUE

At 31 May 2023

51

At 31 May 2022

51

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2022

and 31 May 2023

375,000

NET BOOK VALUE

At 31 May 2023

375,000

At 31 May 2022

375,000

Fair value at 31 May 2023 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 2022

and 31 May 2023

102,439