ACCOUNTS - Final Accounts preparation

HIGHCROSS GROUP LIMITED - Company Information

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Registered number: 02979949

HIGHCROSS GROUP LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

HIGHCROSS GROUP LIMITED

REGISTERED NUMBER: 02979949

BALANCE SHEET

AS AT 31 DECEMBER 2018

		2018		2017
Note		£		£

Fixed assets
Investments	3		100,000		100,000
			100,000		100,000

Creditors: amounts falling due within one year	4	(64,009)		(64,009)
Net current liabilities			(64,009)		(64,009)
Total assets less current liabilities			35,991		35,991

Net assets			35,991		35,991

Capital and reserves
Called up share capital	100,000	100,000
Profit and loss account	(64,009)	(64,009)
	35,991	35,991

For the year ended 31 December 2018 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M V Morris

Director

Date: 28 October 2019

The notes on pages 2 to 3 form part of these financial statements.

Page 1

HIGHCROSS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

1.	General information

Highcross Group Limited is a company limited by share capital incorporated in England and Wales, company number 02979949. The company's registered office is located at Buckingham House, West Street, Newbury, Berkshire, RG14 1BE.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.3

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2018	100,000
	At 31 December 2018	100,000

Page 2

HIGHCROSS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

4.	Creditors: Amounts falling due within one year
		2018	2017
		£	£

Amounts owed to group undertakings	57,009	57,009
Accruals and deferred income	7,000	7,000
	64,009	64,009

5.	Share capital
		2018	2017
		£	£

Allotted, called up and fully paid

100,000 (2017 - 100,000) Ordinary shares of £1.00 each	100,000	100,000

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