Highridgehall Limited - Limited company - abbreviated - 11.9
Highridgehall Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Highridgehall Limited |
| Abbreviated Accounts |
| for the Year Ended 31st May 2015 |
| Highridgehall Limited (Registered number: SC180410) |
| Contents of the Abbreviated Accounts |
| for the year ended 31st May 2015 |
| Page |
| Company information | 1 |
| Abbreviated balance sheet | 2 | to | 3 |
| Notes to the abbreviated accounts | 4 | to | 5 |
| Highridgehall Limited |
| Company Information |
| for the year ended 31st May 2015 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Highridgehall Limited (Registered number: SC180410) |
| Abbreviated Balance Sheet |
| 31st May 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 2 |
| Current assets |
| Stocks |
| Debtors |
| Investments |
| Creditors |
| Amounts falling due within one year | 3 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
3 |
| Net assets |
| Capital and reserves |
| Called up share capital | 4 |
| Profit and loss account |
| Shareholders' funds |
| Highridgehall Limited (Registered number: SC180410) |
| Abbreviated Balance Sheet - continued |
| 31st May 2015 |
| 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 financial statements were approved by the Board of Directors on its behalf by: |
| Highridgehall Limited (Registered number: SC180410) |
| Notes to the Abbreviated Accounts |
| for the year ended 31st May 2015 |
| 1. | Accounting policies |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance |
| with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of sales made during the year, |
| or the fair value of services provided for amounts not invoiced at the year end. |
| Turnover arising from the sale of goods is recognised when the significant risks and rewards of |
| ownership have passed to the buyer. |
| Tangible fixed assets |
| Freehold property | - |
| Property improvements | - |
| Grain drier | - |
| The freehold property is not being depreciated under the alternative accounting rules which is in |
| contravention of Financial Reporting Standard for Smaller Entities (effective April 2008) as the |
| directors feel that their value is unlikely to reduce. |
| Stocks |
| Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and |
| appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated |
| selling prices less further costs expected to be incurred in bringing the stock to completion. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date where transactions or events have occurred at that date that will result in an |
| obligation to pay more, or a right to pay less or to receive more tax. |
| Deferred tax assets are recognised only to the extent that the directors consider that it is more likely |
| than not that there will be suitable taxable profits from which the future reversal of the underlying timing |
| differences can be deducted. |
| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the |
| periods in which timing differences reverse, based on tax rates and laws enacted or substantively |
| enacted at the balance sheet date. |
| Foreign currencies |
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the |
| rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded |
| at the date of the transactions. All differences are taken to the Profit and Loss account. |
| Investments |
| Current asset investments are stated at the lower of cost and net realisable value. |
| Highridgehall Limited (Registered number: SC180410) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31st May 2015 |
| 2. | Tangible fixed assets |
| Total |
| £ |
| Cost |
| At 1st June 2014 |
| and 31st May 2015 |
| Depreciation |
| At 1st June 2014 |
| Charge for year |
| At 31st May 2015 |
| Net book value |
| At 31st May 2015 |
| At 31st May 2014 |
| 3. | Creditors |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable by instalments | 117,179 | - |
| 4. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |