Highwoods Court (Bexhill) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05828571

HIGHWOODS COURT (BEXHILL) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 25TH MAY 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mrs J Kempster

Mrs P Guider

SECRETARY:

K B Findley

REGISTERED OFFICE:

Messrs. Findley & Son,

215 Cooden Sea Road

BEXHILL-ON-SEA

East Sussex

TN39 4TT

REGISTERED NUMBER:

05828571

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Tangible assets

3

8,283

8,283

CURRENT ASSETS

Debtors

4

705

705

NET CURRENT ASSETS

705

705

TOTAL ASSETS LESS CURRENT LIABILITIES

8,988

8,988

CAPITAL AND RESERVES

Called up share capital

5

8,988

8,988

SHAREHOLDERS' FUNDS

8,988

8,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25th May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 25th May 2017 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 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 14th August 2017 and were signed on its behalf by:

Mrs P Guider - Director

Mrs J Kempster - Director

1.	STATUTORY INFORMATION

Highwoods Court (Bexhill) Limited is a private company, limited by shares , registered in Not

specified/Other. The company's registered number and registered office address can be found on

the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

No depreciation has been provided on the tangible fixed assets as these consist of the freehold

reversionary interest in the land only on which Highwoods Court stands.

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.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 26th May 2016

and 25th May 2017

8,283

NET BOOK VALUE

At 25th May 2017

8,283

At 25th May 2016

8,283

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

705

705

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

7,704

Ordinary

£1

7,704

7,704

1,284

Redeemable shares

£1

1,284

1,284

8,988

8,988

The redeemable shares shall be redeemed by the company as and when dwelling holders other

than initial shareholders (new shareholder) join the company and are issued with the appropriate

number of shares pertaining to that flat (new shares).

The redeemable shares shall be redeemed on a pro rata basis so that a proportion of each initial

shareholders holding is redeemed as each new shareholder is issued with shares in the company.

The redeemable shares shall be redeemed by the company out of the consideration received for

the new shares.

6.

RESERVES

Retained

earnings

£

Profit for the year

-

At 25th May 2017

-

7.	RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

In preparing the accounts, the company has considered whether in applying the accounting policies

required by FRS 102 the restatement of comparative items was required. No prior period

adjustments were necessary.