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

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


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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.