Highland Property Development Limited - Abbreviated accounts 16.1

HIGHLAND PROPERTY DEVELOPMENT LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Matheson

T R Pearson

REGISTERED OFFICE:

Achnagarrie

Cromarty

Ross-shire

IV11 8XX

REGISTERED NUMBER:

SC359252 (Scotland)

ACCOUNTANTS:

MacKenzie Kerr Limited

Chartered Accountants

Redwood

19 Culduthel Road

Inverness

IV2 4AA

BANKERS:

TSB

2/4 Inglis Street

Inverness

IV1 1HN

SOLICITORS:

R W McLurg

52 Union Road

Inverness

IV2 3JY

CURRENT ASSETS

Cash at bank

163,983

114,745

CREDITORS

Amounts falling due within one year

50,518

553

NET CURRENT ASSETS

113,465

114,192

TOTAL ASSETS LESS CURRENT
LIABILITIES

113,465

114,192

CAPITAL AND RESERVES

Called up share capital

2

60

Profit and loss account

113,405

114,132

SHAREHOLDERS' FUNDS

113,465

114,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 October 2016 and were signed on its
behalf by:

M Matheson - Director

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 January 2015).

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in

periods different from those in which they are included in the company's accounts. Deferred tax is provided in

full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the

average tax rates that are expected to apply when the timing differences reverse, based on current tax rates

and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is

no commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

60

Ordinary

£1

60

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2016 and

31 May 2015:

2016

2015

£

T R Pearson

Balance outstanding at start of year

-

Amounts repaid

(50,000

)

-

Balance outstanding at end of year

(50,000

)

-