ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

HIGHCROSS GROUP LIMITED - Company Information

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Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31true2022-01-012No description of principal activity2truetrue 02979949 2022-01-01 2022-12-31 02979949 2021-01-01 2021-12-31 02979949 2022-12-31 02979949 2021-12-31 02979949 c:Director2 2022-01-01 2022-12-31 02979949 d:CurrentFinancialInstruments 2022-12-31 02979949 d:CurrentFinancialInstruments 2021-12-31 02979949 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02979949 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 02979949 d:ShareCapital 2022-12-31 02979949 d:ShareCapital 2021-12-31 02979949 d:RetainedEarningsAccumulatedLosses 2022-12-31 02979949 d:RetainedEarningsAccumulatedLosses 2021-12-31 02979949 c:OrdinaryShareClass1 2022-01-01 2022-12-31 02979949 c:OrdinaryShareClass1 2022-12-31 02979949 c:OrdinaryShareClass1 2021-12-31 02979949 c:EntityNoLongerTradingButTradedInPast 2022-01-01 2022-12-31 02979949 c:FRS102 2022-01-01 2022-12-31 02979949 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 02979949 c:FullAccounts 2022-01-01 2022-12-31 02979949 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 02979949 6 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02979949










HIGHCROSS GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022


 
HIGHCROSS GROUP LIMITED
REGISTERED NUMBER: 02979949

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
100,000
100,000

  
100,000
100,000

  

Creditors: amounts falling due within one year
 5 
(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 
 6 
100,000
100,000

Profit and loss account
  
(64,009)
(64,009)

  
35,991
35,991


For the year ended 31 December 2022 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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: 30 August 2023

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 2022

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.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group financial statements. The financial statements therefore present information about the company as an individual undertaking and not about its group.

 
2.2

Going concern

The Company was dormant during the year. The directors consider that the Company will have adequate cash and other liquid resources to meet its commitments as they fall due for a period of at least 12 months from the date of approval of these financial statements and therefore the financial statements are appropriately prepared on a going concern basis.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

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.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 2
 
HIGHCROSS GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2022
100,000



At 31 December 2022
100,000





5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Amounts owed to group undertakings
57,009
57,009

Accruals and deferred income
7,000
7,000

64,009
64,009



6.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100,000 (2021 - 100,000) Ordinary shares of £1.00 each
100,000
100,000


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