Whitekirk Hill Limited - Accounts to registrar (filleted) - small 18.2
Whitekirk Hill Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Whitekirk Hill Limited |
Unaudited Financial Statements |
for the Period |
15 January 2018 to 31 December 2018 |
Whitekirk Hill Limited (Registered number: SC585716) |
Contents of the Financial Statements |
for the Period 15 January 2018 to 31 December 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Whitekirk Hill Limited |
Company Information |
for the Period 15 January 2018 to 31 December 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
9 Ainslie Place |
Edinburgh |
Midlothian |
EH3 6AT |
BANKERS: |
32 Court Street |
Haddington |
East Lothian |
EH41 3NS |
Whitekirk Hill Limited (Registered number: SC585716) |
Balance Sheet |
31 December 2018 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
Whitekirk Hill Limited (Registered number: SC585716) |
Balance Sheet - continued |
31 December 2018 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on behalf by: |
Whitekirk Hill Limited (Registered number: SC585716) |
Notes to the Financial Statements |
for the Period 15 January 2018 to 31 December 2018 |
1. | STATUTORY INFORMATION |
Whitekirk Hill Limited is a |
company's registered number and registered office address can be found on the Company |
Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rental income, excluding value added tax. |
Rent is recognised in accordance with the lease agreement. Where there are lease incentives, such |
as rent-free periods, the rent relating to these incentives is accrued and subsequently released over |
the full period of the lease agreement. |
Tangible fixed assets |
Assets under construction | - |
Plant and machinery | - |
Computer equipment | - |
Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial |
instruments. Basic financial instruments are initially recognised at transaction value and |
subsequently measured at their settlement value. All loans with related parties are all repayable on |
demand. |
Taxation |
Taxation for the period 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. |
Whitekirk Hill Limited (Registered number: SC585716) |
Notes to the Financial Statements - continued |
for the Period 15 January 2018 to 31 December 2018 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
Going concern |
The financial statements have been prepared on the going concern principle, which assumes that |
the company will continue to trade in the foreseeable future, which is in line with current financial |
projections. |
3. | TANGIBLE FIXED ASSETS |
Assets |
Freehold | under | Plant and | Computer |
property | construction | machinery | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
Additions |
At 31 December 2018 |
DEPRECIATION |
Charge for period |
At 31 December 2018 |
NET BOOK VALUE |
At 31 December 2018 |
Included in cost of land and buildings is freehold land of £ 1,785,577 which is not depreciated. |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
Whitekirk Hill Limited (Registered number: SC585716) |
Notes to the Financial Statements - continued |
for the Period 15 January 2018 to 31 December 2018 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary B | £1 | 33 |
Allotted and issued: |
Number: | Class: | Nominal |
value: | £ |
Ordinary A | £1 | 100 |
Preference shares | £1 | 8,000,000 |
8,000,100 |
The following shares were allotted at par during the period: |
At the year end the preference shares were not fully paid and £5,000,000 was included in debtors |
to be paid in the coming year. |
The rights attached to the classes of shares are as follows: |
The A and B ordinary shares have full rights in the company in all respects and rank pari passu. The |
company may, by ordinary resolution, differentiate between the different classes of shares in |
respect as to the amount or percentage of the dividend paid. |
The preference shares are not redeemable and give the holders a right to a cumulative dividend at a |
rate of 2% above the bank of England base rate. |