Highcrown Properties Limited - Accounts to registrar (filleted) - small 18.2

Highcrown Properties Limited - Accounts to registrar (filleted) - small 18.2

HIGHCROWN PROPERTIES LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v19.2.0.596 08790787 Board of Directors 1.12.17 30.11.18 30.11.18 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure087907872017-11-30087907872018-11-30087907872017-12-012018-11-30087907872016-11-30087907872016-12-012017-11-30087907872017-11-3008790787ns15:EnglandWales2017-12-012018-11-3008790787ns14:PoundSterling2017-12-012018-11-3008790787ns10:Director12017-12-012018-11-3008790787ns10:PrivateLimitedCompanyLtd2017-12-012018-11-3008790787ns10:SmallEntities2017-12-012018-11-3008790787ns10:AuditExempt-NoAccountantsReport2017-12-012018-11-3008790787ns10:SmallCompaniesRegimeForDirectorsReport2017-12-012018-11-3008790787ns10:SmallCompaniesRegimeForAccounts2017-12-012018-11-3008790787ns10:FullAccounts2017-12-012018-11-3008790787ns10:OrdinaryShareClass12017-12-012018-11-3008790787ns10:Director22017-12-012018-11-3008790787ns10:RegisteredOffice2017-12-012018-11-3008790787ns5:CurrentFinancialInstruments2018-11-3008790787ns5:CurrentFinancialInstruments2017-11-3008790787ns5:Non-currentFinancialInstruments2018-11-3008790787ns5:Non-currentFinancialInstruments2017-11-3008790787ns5:ShareCapital2018-11-3008790787ns5:ShareCapital2017-11-3008790787ns5:RetainedEarningsAccumulatedLosses2018-11-3008790787ns5:RetainedEarningsAccumulatedLosses2017-11-3008790787ns5:PlantMachinery2017-12-012018-11-3008790787ns5:FurnitureFittings2017-11-3008790787ns5:FurnitureFittings2017-12-012018-11-3008790787ns5:FurnitureFittings2018-11-3008790787ns5:FurnitureFittings2017-11-3008790787ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2018-11-3008790787ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2017-11-3008790787ns10:OrdinaryShareClass12018-11-30


REGISTERED NUMBER: 08790787 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

HIGHCROWN PROPERTIES LIMITED
HIGHCROWN PROPERTIES LIMITED (REGISTERED NUMBER: 08790787)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGHCROWN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2018







DIRECTORS: Mr J Paschali
Mr R G Kilikita





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 08790787 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ
Page 1
HIGHCROWN PROPERTIES LIMITED (REGISTERED NUMBER: 08790787)

BALANCE SHEET
30 NOVEMBER 2018

30.11.18 30.11.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,671 12,089
Investment property 5 4,087,584 3,280,635
4,097,255 3,292,724

CURRENT ASSETS
Debtors 6 6,550 -
Cash at bank and in hand 30,542 100
37,092 100
CREDITORS
Amounts falling due within one year 7 1,671,511 1,176,889
NET CURRENT LIABILITIES (1,634,419 ) (1,176,789 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,462,836
2,115,935

CREDITORS
Amounts falling due after more than one
year
8
(2,379,096
)
(2,023,304
)

PROVISIONS FOR LIABILITIES (1,027 ) (2,042 )
NET ASSETS 82,713 90,589

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 82,613 90,489
SHAREHOLDERS' FUNDS 82,713 90,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
HIGHCROWN PROPERTIES LIMITED (REGISTERED NUMBER: 08790787)

BALANCE SHEET - continued
30 NOVEMBER 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 August 2019 and were signed on its behalf by:





Mr J Paschali - Director


The notes form part of these financial statements

Page 3
HIGHCROWN PROPERTIES LIMITED (REGISTERED NUMBER: 08790787)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2018


1. STATUTORY INFORMATION

Highcrown Properties Limited is a private company, limited by shares , registered in England and 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
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 represents amounts derived from rents charged to tenants during the year, and is recognised at the date
the rental period occurred. This is stated after trade discounts 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 etc - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 2 ).

Page 4 continued...
HIGHCROWN PROPERTIES LIMITED (REGISTERED NUMBER: 08790787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2018


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2017
and 30 November 2018 29,515
DEPRECIATION
At 1 December 2017 17,426
Charge for year 2,418
At 30 November 2018 19,844
NET BOOK VALUE
At 30 November 2018 9,671
At 30 November 2017 12,089

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2017 3,280,635
Additions 806,949
At 30 November 2018 4,087,584
NET BOOK VALUE
At 30 November 2018 4,087,584
At 30 November 2017 3,280,635

Fair value at 30 November 2018 is represented by:

£   
Valuation in 2017 69,737
Cost 4,017,847
4,087,584

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.18 30.11.17
£    £   
Prepayments 6,550 -

Page 5 continued...
HIGHCROWN PROPERTIES LIMITED (REGISTERED NUMBER: 08790787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2018


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.18 30.11.17
£    £   
Bank loans and overdrafts - 22,012
Trade creditors 1,830 1,830
Deposits in advance 15,107 5,952
Amounts owed to related party 1,652,486 1,145,507
Directors' current accounts 888 388
Accrued expenses 1,200 1,200
1,671,511 1,176,889

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.18 30.11.17
£    £   
Bank loans more 5 yr by instal 2,379,096 2,023,304

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,379,096 2,023,304

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.11.18 30.11.17
value: £    £   
100 Ordinary 1 100 100

Page 6