HULEMOSS_PROPERTIES_LIMIT - Accounts

HULEMOSS PROPERTIES LIMITED - Company Information

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Company Registration No. SC281465 (Scotland)

HULEMOSS PROPERTIES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2016

HULEMOSS PROPERTIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

HULEMOSS PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

450,000

Current assets

Debtors

22,078

21,730

Cash at bank and in hand

39,211

40,349

61,289

62,079

Creditors: amounts falling due within one year

(1,151,921)

(1,629,634)

Net current liabilities

(1,090,632)

(1,567,555)

Total assets less current liabilities

(1,090,632)

(1,117,555)

Capital and reserves

Called up share capital

100

Profit and loss account

(1,090,732)

(1,117,655)

Shareholders' funds

(1,090,632)

(1,117,555)

For the financial period ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 May 2017

P J A Leggate

Director

Company Registration No. SC281465

HULEMOSS PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 NOVEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents rents receivable.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets include investment properties on an existing use open market value basis.

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Fixed assets

Tangible assets

Cost

At 1 November 2015

450,000

Disposals

(450,000)

At 30 November 2016

At 31 October 2015

450,000

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £505,000).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100