H & H Developments (Scotland) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC445454 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

H & H Developments (Scotland) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Hussain

REGISTERED OFFICE:

Unit 2 Poltonhall Industrial Estate

Polton Road

Lasswade

Midlothian

EH18 1BW

REGISTERED NUMBER:

SC445454 (Scotland)

FIXED ASSETS

Tangible assets

4

5,052,991

4,320,098

CURRENT ASSETS

Debtors

5

2,397

7,535

Cash at bank and in hand

30,312

87,142

32,709

94,677

CREDITORS

Amounts falling due within one year

6

279,064

496,934

NET CURRENT LIABILITIES

(246,355

)

(402,257

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,806,636

3,917,841

CREDITORS

Amounts falling due after more than one year

7

(535,829

)

(575,660

)

PROVISIONS FOR LIABILITIES

(813,319

)

(674,619

)

NET ASSETS

3,457,488

2,667,562

CAPITAL AND RESERVES

Called up share capital

8

100

100

Revaluation reserve

4,280,626

3,550,626

Retained earnings

(823,238

)

(883,164

)

SHAREHOLDERS' FUNDS

3,457,488

2,667,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 18 January 2021 and were signed by:

Mr M Hussain - Director

1.	STATUTORY INFORMATION

H & H Developments (Scotland) Ltd is a private company, limited by shares , registered in Scotland. The 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

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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST OR VALUATION

At 1 April 2019

4,320,000

187

4,320,187

Additions

-

3,421

3,421

Revaluations

730,000

-

730,000

At 31 March 2020

5,050,000

3,608

5,053,608

DEPRECIATION

At 1 April 2019

-

89

89

Charge for year

-

528

528

At 31 March 2020

-

617

617

NET BOOK VALUE

At 31 March 2020

5,050,000

2,991

5,052,991

At 31 March 2019

4,320,000

98

4,320,098

Included in cost or valuation of land and buildings is freehold land of £ 5,050,000 (2019 - £ 4,320,000 ) which is not depreciated.

Cost or valuation at 31 March 2020 is represented by:

Freehold

Plant and

property

machinery

Totals

£

£

£

Valuation in 2019

4,320,000

187

4,320,187

Valuation in 2020

730,000

3,421

733,421

5,050,000

3,608

5,053,608

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

2,397

7,535

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

87,110

91,299

Taxation and social security

59,963

12,187

Other creditors

131,991

393,448

279,064

496,934

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans

535,829

575,660

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

100

Ordinary

£1

100

100

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Hussain.