Company Registration No. 12920265 (England and Wales)
Highthwaite Ltd
Unaudited accounts
for the period from 1 November 2021 to 31 March 2023
Highthwaite Ltd
Unaudited accounts
Contents
Highthwaite Ltd
Company Information
for the period from 1 November 2021 to 31 March 2023
Directors
Richard Daniel Frain
Emma Lindblom
Company Number
12920265 (England and Wales)
Registered Office
Apartment 5 Ford Park House
Ford Park Crescent
Ulverston
England
LA12 7JP
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
Highthwaite Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
87
8,426
Creditors: amounts falling due within one year
(700)
(48,035)
Net current assets/(liabilities)
20,336
(20,542)
Total assets less current liabilities
20,336
(20,542)
Creditors: amounts falling due after more than one year
(40,865)
(20,547)
Net liabilities
(20,529)
(41,089)
Called up share capital
200
200
Profit and loss account
(20,729)
(41,289)
Shareholders' funds
(20,529)
(41,089)
For the period ending 31 March 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2023 and were signed on its behalf by
Emma Lindblom
Director
Company Registration No. 12920265
Highthwaite Ltd
Notes to the Accounts
for the period from 1 November 2021 to 31 March 2023
Highthwaite Ltd is a private company, limited by shares, registered in England and Wales, registration number 12920265. The registered office is Apartment 5 Ford Park House , Ford Park Crescent, Ulverston, England, LA12 7JP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. 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 period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Amounts falling due within one year
Deferred tax asset
4,862
9,685
Amounts falling due after more than one year
Highthwaite Ltd
Notes to the Accounts
for the period from 1 November 2021 to 31 March 2023
5
Creditors: amounts falling due within one year
2023
2021
Loans from directors
-
16,853
6
Creditors: amounts falling due after more than one year
2023
2021
Other creditors
40,865
20,547
7
Deferred taxation
2023
2021
Accelerated capital allowances
-
(9,685)
Tax losses carried forward
(4,862)
-
Provision at start of period
(9,685)
-
Charged/(credited) to the profit and loss account
4,823
(9,685)
Provision at end of period
(4,862)
(9,685)
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Overdrawn Directors Loan Account
(16,853)
30,700
4,580
9,267
(16,853)
30,700
4,580
9,267
10
Transactions with related parties
Lind Studio Limited:
The company is related to Highthwaite Ltd by virtue of common shareholders and directors. The amount owed to Lind Studio Limited at the balance sheet date was £11,650 (2022: £0).
11
Average number of employees
During the period the average number of employees was 0 (2021: 0).