Abbreviated Company Accounts - HIGH 50 HOLDINGS LIMITED

Abbreviated Company Accounts - HIGH 50 HOLDINGS LIMITED

HIGH 50 HOLDINGS LIMITED - Company Information

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Registered Number 09010517

HIGH 50 HOLDINGS LIMITED

Abbreviated Accounts

31 March 2015

HIGH 50 HOLDINGS LIMITED Registered Number 09010517

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015
£
Fixed assets
Investments 2 104,182
104,182
Current assets
Debtors 1,820,853
Cash at bank and in hand 97,081
1,917,934
Creditors: amounts falling due within one year (126,168)
Net current assets (liabilities) 1,791,766
Total assets less current liabilities 1,895,948
Creditors: amounts falling due after more than one year (2,133,584)
Total net assets (liabilities) (237,636)
Capital and reserves
Called up share capital 3 204,082
Profit and loss account (441,718)
Shareholders' funds (237,636)
  • For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 December 2015

And signed on their behalf by:
Mr R P Campbell, Director

HIGH 50 HOLDINGS LIMITED Registered Number 09010517

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Fixed asset investments are stated at cost less provision for diminution in value.

Other accounting policies
Going concern

The company has net liabilities at the balance sheet date however, in the opinion of the directors there will be adequate working capital available to meet all liabilities as they fall due. Therefore the accounts have been prepared on a going concern basis.

2Fixed assets Investments
The company holds more than 20% of the share capital of the following companies:
Campbell Gardener Beta Limited - Shares Held: 100%
High 50 Limited - Shares Held: 100%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Campbell Gardener Beta Limited had reserves of (£552,832) and made a loss of £552,932.
High 50 Limited had reserves of (£1,586,294) and made a loss of £1,141,895.

3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
204,082 Ordinary shares of £1 each 204,082