Highland Glen Estates Limited Filleted accounts for Companies House (small and micro)

HIGHLAND GLEN ESTATES LIMITED - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2018-12-01 Sage Accounts Production Advanced 2019 - FRS102_2014 xbrli:pure xbrli:shares iso4217:GBP 05871196 2018-12-01 2019-11-30 05871196 2019-11-30 05871196 2018-11-30 05871196 bus:Director7 2018-12-01 2019-11-30 05871196 core:AfterOneYear 2019-11-30 05871196 core:AfterOneYear 2018-11-30 05871196 core:WithinOneYear 2019-11-30 05871196 core:WithinOneYear 2018-11-30 05871196 core:ShareCapital 2019-11-30 05871196 core:ShareCapital 2018-11-30 05871196 core:RetainedEarningsAccumulatedLosses 2019-11-30 05871196 core:RetainedEarningsAccumulatedLosses 2018-11-30 05871196 bus:SmallEntities 2018-12-01 2019-11-30 05871196 bus:AuditExemptWithAccountantsReport 2018-12-01 2019-11-30 05871196 bus:FullAccounts 2018-12-01 2019-11-30 05871196 bus:SmallCompaniesRegimeForAccounts 2018-12-01 2019-11-30 05871196 bus:PrivateLimitedCompanyLtd 2018-12-01 2019-11-30 05871196 core:AfterOneYear 2018-12-01 2019-11-30 05871196 core:UltimateParent 2018-12-01 2019-11-30

COMPANY REGISTRATION NUMBER: 05871196

Highland Glen Estates Limited

Filleted Unaudited Financial Statements

For the year ended

30 November 2019

Highland Glen Estates Limited

Statement of Financial Position

30 November 2019

	2019		2018
Note	£	£	£	£

Current assets

Debtors	4	167	160
Cash at bank and in hand		7,396	7,175
		-------	-------
		7,563	7,335

Creditors: amounts falling due within one year	5	3,077		2,075
		-------		-------
Net current assets			4,486		5,260
			-------		-------
Total assets less current liabilities			4,486		5,260

Creditors: amounts falling due after more than one year	6	46,484	45,742
		--------	--------
Net liabilities		( 41,998)	( 40,482)
		--------	--------

Capital and reserves

Called up share capital	180	180
Profit and loss account	( 42,178)	( 40,662)
	--------	--------
Shareholders deficit	( 41,998)	( 40,482)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 November 2019 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 year 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 .

Highland Glen Estates Limited

Statement of Financial Position (continued)

30 November 2019

These financial statements were approved by the board of directors and authorised for issue on 15 September 2020 , and are signed on behalf of the board by:

Mr K R Satchell

Director

Company registration number: 05871196

Highland Glen Estates Limited

Notes to the Financial Statements

Year ended 30 November 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill Workshop, Mill Farm Lane, Pampisford, Cambridgeshire, CB2 4EQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company's principal creditor is Pampisford Properties Limited, the parent company. The balance owed to Pampisford Properties Limited as at the year end was £46,484 (2018: £45,742). The company has obtained assurances from the parent company that they will not demand repayment of this long term loan balance until such time as the company can afford to repay. On this basis the directors have prepared the financial statements on a going concern basis, notwithstanding the deficit of shareholders funds.

4. Debtors

	2019	2018
	£	£
Other debtors	167	160
	----	----

5. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	1,002	–
Other creditors	2,075	2,075
	-------	-------
	3,077	2,075
	-------	-------

6. Creditors: amounts falling due after more than one year

	2019	2018
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	46,484	45,742
	--------	--------

The amounts owed to group undertakings disclosed under creditors falling due after more than one year are secured by the company by way of a fixed and floating charge.

7. Related party transactions

A loan from Pampisford Properties Limited, the parent company, remained outstanding during the year. During the year expenses were settled by Pampisford Properties Limited on behalf of the company amounting to £742 (2018: £1,939). As at the balance sheet date £46,484 (2018: £45,742) was owed to Pampisford Properties Limited. The loan is not due for repayment until at least 1 December 2020 and Pampisford Properties Limited have waived its right to charge interest during the current and previous year.

8. Employee numbers

The average number of persons employed by the company during the year amounted to nil (2 0 18: nil).