Highwood Acquisitions Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 13266938 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Highwood Acquisitions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Fawsitt

REGISTERED OFFICE:

25A Market Square

Bicester

Oxfordshire

OX26 6AD

BUSINESS ADDRESS:

Rectory Farm House

Church Lane

North Stoke

Wallingford

OX10 6BQ

REGISTERED NUMBER:

13266938 (England and Wales)

ACCOUNTANTS:

Wilkins & Co

25A Market Square

Bicester

Oxfordshire

OX26 6AD

CURRENT ASSETS

Stocks

-

1,176,070

Debtors

4

912,000

-

Cash at bank

2,492

5,144

914,492

1,181,214

CREDITORS

Amounts falling due within one year

5

201,193

1,200,759

NET CURRENT ASSETS/(LIABILITIES)

713,299

(19,545

)

TOTAL ASSETS LESS CURRENT LIABILITIES

713,299

(19,545

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

713,298

(19,546

)

713,299

(19,545

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:

A Fawsitt - Director

1.	STATUTORY INFORMATION

Highwood Acquisitions 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

This is the first year the company has presented its financial statements in accordance with the provisions of Section 1A 'Small Entities' of Financial Reporting Standard 102 '. The Financial Reporting Framework applicable in the UK and Republic of Ireland' (FRS 102 1A). For the first financial period ended 31st March 2022 the company prepared its financial statements in accordance with FRS 105.

There were no changes to the previously reported results on transition to FRS 102.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Other debtors

912,000

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Taxation and social security

167,422

-

Other creditors

33,771

1,200,759

201,193

1,200,759