Highmoor Properties Limited - Limited company accounts 18.1.1
Highmoor Properties Limited - Limited company accounts 18.1.1
REGISTERED NUMBER: |
REPORT OF THE DIRECTOR AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2018 |
FOR |
HIGHMOOR PROPERTIES LIMITED |
HIGHMOOR PROPERTIES LIMITED (REGISTERED NUMBER: 02890166) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2018 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
HIGHMOOR PROPERTIES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Wellington House |
273-275 High Street |
London Colney |
Hertfordshire |
AL2 1HA |
HIGHMOOR PROPERTIES LIMITED (REGISTERED NUMBER: 02890166) |
REPORT OF THE DIRECTOR |
FOR THE YEAR ENDED 31 JANUARY 2018 |
The director presents his report with the financial statements of the company for the year ended 31 January 2018. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of dealers in property. |
DIRECTOR |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 |
relating to small companies. |
ON BEHALF OF THE BOARD: |
HIGHMOOR PROPERTIES LIMITED (REGISTERED NUMBER: 02890166) |
INCOME STATEMENT |
FOR THE YEAR ENDED 31 JANUARY 2018 |
2018 | 2017 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
90,812 | 97,496 |
Other operating income |
OPERATING PROFIT and |
PROFIT BEFORE TAXATION |
Tax on profit | ( |
) |
PROFIT FOR THE FINANCIAL YEAR |
HIGHMOOR PROPERTIES LIMITED (REGISTERED NUMBER: 02890166) |
BALANCE SHEET |
31 JANUARY 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
HIGHMOOR PROPERTIES LIMITED (REGISTERED NUMBER: 02890166) |
BALANCE SHEET - continued |
31 JANUARY 2018 |
The financial statements were approved by the director on |
HIGHMOOR PROPERTIES LIMITED (REGISTERED NUMBER: 02890166) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2018 |
1. | STATUTORY INFORMATION |
Highmoor Properties Limited is a |
Wales. 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 |
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 |
Freehold property | - |
Fixtures and fittings | - |
Computer equipment | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable |
profits. |
HIGHMOOR PROPERTIES LIMITED (REGISTERED NUMBER: 02890166) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2018 |
3. | OPERATING PROFIT |
The operating profit is stated after charging: |
2018 | 2017 |
£ | £ |
Depreciation - owned assets |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and | Computer |
property | fittings | equipment | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 February 2017 |
Additions |
Revaluations |
At 31 January 2018 |
DEPRECIATION |
At 1 February 2017 |
Charge for year |
At 31 January 2018 |
NET BOOK VALUE |
At 31 January 2018 |
At 31 January 2017 |
Cost or valuation at 31 January 2018 is represented by: |
Fixtures |
Freehold | and | Computer |
property | fittings | equipment | Totals |
£ | £ | £ | £ |
Valuation in 2015 | 1,463,788 | - | - | 1,463,788 |
Valuation in 2016 | (400,000 | ) | - | - | (400,000 | ) |
Valuation in 2017 | 64,400 | - | - | 64,400 |
Valuation in 2018 | 23,100 | - | - | 23,100 |
Cost | 1,037,249 | 32,954 | 752 | 1,070,955 |
2,188,537 | 32,954 | 752 | 2,222,243 |
HIGHMOOR PROPERTIES LIMITED (REGISTERED NUMBER: 02890166) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2018 |
4. | TANGIBLE FIXED ASSETS - continued |
If freehold properties had not been revalued they would have been included at the following historical |
cost: |
2018 | 2017 |
£ | £ |
Cost | 1,153,677 | 1,147,640 |
Freehold properties were valued on an open market basis on 31 January 2018 by Mr J D Stephens (director) |
. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Deposits transferred | 7,989 | 8,045 |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors | ( |
) |
Tax |
Directors' current accounts | 37,800 | 10,862 |
Accrued expenses |
7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
At 31 January 2018 the company owed Mr J D Stephens, who became a director of the company on |
30 October 2009, a sum of £37,800. The balance owed to Mr Stephens at 31 January 2017 amounted |
to £10,862. |