Hightown Properties Limited Filleted accounts for Companies House (small and micro)

HIGHTOWN PROPERTIES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04306415

HIGHTOWN PROPERTIES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 October 2019

HIGHTOWN PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION

31 October 2019

	2019		2018
Note	£	£	£

CURRENT ASSETS

Stocks		20,520	20,520
Debtors	5	980	980
Cash at bank and in hand		1,633	2,284
		---------	---------
		23,133	23,784

CREDITORS: amounts falling due within one year	6	7,462		5,251
		---------		---------
NET CURRENT ASSETS			15,671	18,533
			---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES			15,671	18,533
			---------	---------
NET ASSETS			15,671	18,533
			---------	---------

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	15,670	18,532
	---------	---------
SHAREHOLDERS FUNDS	15,671	18,533
	---------	---------

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 FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HIGHTOWN PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 October 2019

These financial statements were approved by the board of directors and authorised for issue on 10 January 2020 , and are signed on behalf of the board by:

Mr T J Ingram
Director

Company registration number: 04306415

HIGHTOWN PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2019

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, LA1 3SW.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

BASIS OF PREPARATION

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

STOCKS

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2018: 1 ).

5. DEBTORS

	2019	2018
	£	£

Other debtors	980	980
	-----	-----

6. CREDITORS: amounts falling due within one year

	2019	2018
	£	£

Accruals and deferred income	508	592
Director loan accounts	6,954	4,659
	--------	--------
	7,462	5,251
	--------	--------

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director had a loan account with the company which remained in credit throughout the year. At the year end the balance was £6,954 which is included in creditors.

8. RELATED PARTY TRANSACTIONS

The company was under the control of Mr T J Ingram throughout the current year. Mr Ingram is the managing director and majority shareholder.