Highmoor Properties Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02890166

Abbreviated Unaudited Accounts for the Year Ended 31 January 2015

for

Highmoor Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J D Stephens

SECRETARY:

D R Grimston

REGISTERED OFFICE:

328 Lincoln Road

Enfield

Middlesex

EN3 4AA

REGISTERED NUMBER:

02890166

ACCOUNTANTS:

Capes Gittins Limited

Chartered Accountants

28 Mount Grace Road

Potters Bar

Hertfordshire

EN6 1RD

FIXED ASSETS

Tangible assets

2

2,499,886

1,310,730

CURRENT ASSETS

Debtors

7,382

4,582

Cash at bank

35,134

16,718

42,516

21,300

CREDITORS

Amounts falling due within one year

356,487

366,759

NET CURRENT LIABILITIES

(313,971

)

(345,459

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,185,915

965,271

PROVISIONS FOR LIABILITIES

837

985

NET ASSETS

2,185,078

964,286

CAPITAL AND RESERVES

Called up share capital

3

100

100

Revaluation reserve

1,175,665

-

Profit and loss account

1,009,313

964,186

SHAREHOLDERS' FUNDS

2,185,078

964,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 7 October 2015 and were signed by:

J D Stephens - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

not provided

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 February 2014

1,335,378

Additions

14,383

Revaluations

1,175,665

At 31 January 2015

2,525,426

DEPRECIATION

At 1 February 2014

24,648

Charge for year

892

At 31 January 2015

25,540

NET BOOK VALUE

At 31 January 2015

2,499,886

At 31 January 2014

1,310,730

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 January 2015 the company owed Mr J D Stephens, who became a director of the company on

30 October 2009, a sum of £206,525. The balance owed to Mr Stephens at 31 January 2014 amounted

to £205,583.