Higgihaus Operations Limited - Accounts

Higgihaus Operations Limited - Accounts

HIGGIHAUS OPERATIONS LTD - Company Information

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Registered Number: 10674450
England and Wales

 

 

 

HIGGIHAUS OPERATIONS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

Higgihaus Operations Limited
Contents Page
For the year ended 31 March 2022
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Tangible fixed assets 59,754    79,689 
Investments (149,565)   (184,856)
(89,811)   (105,167)
Current assets      
Debtors (28,692)   (32,842)
Cash at bank and in hand 22,251    28,914 
(6,441)   (3,928)
Creditors: amount falling due within one year (96,687)   (90,625)
Net current liabilities (103,128)   (94,553)
 
Total assets less current liabilities (192,939)   (199,720)
Creditors: amount falling due after more than one year (117)   (179)
Accruals and deferred income (22,248)   (27,813)
Net liabilities (215,304)   (227,712)
 

Capital and reserves 		     
Called up share capital 1,000    1,000 
Profit and loss account (216,304)   (228,712)
Shareholder's funds (215,304)   (227,712)
 


For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 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 and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 02 April 2023 and were signed on its behalf by:


--------------------------------
Luke Spikes
Director
1
General Information
Higgihaus Operations Limited is a private company, limited by shares, registered in England and Wales, registration number 10674450, registration address 26 Clare Street, Bristol, BS1 1YA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 20% Straight Line
Fixtures and Fittings 20% Straight Line
Land and Buildings 0% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 2 (2021 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2021 121,536    63,336    8,843    193,715 
Additions -    22,458    470    22,928 
Disposals -    -    -    - 
At 31 March 2022 121,536    85,794    9,313    216,643 
Depreciation
At 01 April 2021 71,550    35,880    6,596    114,026 
Charge for year 24,308    16,344    2,211    42,863 
On disposals -    -    -    - 
At 31 March 2022 95,858    52,224    8,807    156,889 
Net book values
Closing balance as at 31 March 2022 25,678    33,570    506    59,754 
Opening balance as at 01 April 2021 49,986    27,456    2,247    79,689 


4.

Investments

Cost Loans to group undertakings   Total
  £   £
At 01 April 2021 (149,565)   (149,565)
Additions -    - 
Transfer to/from Tangible fixed assets 0    0 
Disposals -    - 
At 31 March 2022 (149,565)   (149,565)

2