SC473944falseLicenced restaurant2017-06-012018-05-31http://www.companieshouse.gov.uk/2017-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2017-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2017-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2018-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2018-05-31http://www.companieshouse.gov.uk/cd:Director32017-06-012018-05-31http://www.companieshouse.gov.uk/cd:Director42017-06-012018-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12017-06-012018-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2017-06-012018-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2017-06-012018-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2018-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2017-05-31http://www.companieshouse.gov.uk/2017-06-012018-05-31http://www.companieshouse.gov.uk/2017-05-31http://www.companieshouse.gov.uk/cd:FRS1022017-06-012018-05-31http://www.companieshouse.gov.uk/2018-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2017-06-012018-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2017-06-012018-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: SC473944

Highlake Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/05/2018

Prepared By:
Accountancy Assured Limited
Chartered Certified Accountants & Chartered Tax Advisers
Suite 1 Beaverhall House
27 Beaverhall Road
Edinburgh
EH7 4JE

Highlake Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/05/2018
DIRECTORS
Giuliano Binanti
Arcangelo Lordi
REGISTERED OFFICE
Suite 1 Beaverhall House
27 Beaverhall Road
Edinburgh
EH7 4JE
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC473944
ACCOUNTANTS
Accountancy Assured Limited
Chartered Certified Accountants & Chartered Tax Advisers
Suite 1 Beaverhall House
27 Beaverhall Road
Edinburgh
EH7 4JE

Highlake Ltd

ACCOUNTS
FOR THEYEARENDED31/05/2018
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Highlake Ltd

BALANCE SHEET AT 31/05/2018
20182017
Notes££
FIXED ASSETS
Tangible assets212,41912,762
CURRENT ASSETS
Stock38,20039,148
Debtors488,051123,557
Cash at bank and in hand21,1899,755
147,440172,460
CREDITORS: Amounts falling due within one year5234,136253,257
NET CURRENT LIABILITIES(86,696)(80,797)
TOTAL ASSETS LESS CURRENT LIABILITIES(74,277)(68,035)
CAPITAL AND RESERVES
Called up share capital711
Profit and loss account(74,278)(68,036)
SHAREHOLDERS' FUNDS(74,277)(68,035)
For the year ending 31/05/2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 05/09/2018 and signed on their behalf by
.............................
Arcangelo Lordi
Director
.............................
Giuliano Binanti
Director

Highlake Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2018
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Highlake Ltd

2. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/06/201716,56216,562
Additions3,7123,712
At 31/05/201820,27420,274
Depreciation
At 01/06/20173,8003,800
For the year4,0554,055
At 31/05/20187,8557,855
Net Book Amounts
At 31/05/201812,41912,419
At 31/05/201712,76212,762
3. STOCK 20182017
££
Stock comprises:
Stock38,20039,148
38,20039,148
4. DEBTORS 20182017
££
Amounts falling due within one year
Uk Government Security Bond30,00030,000
Arrestments-1,031
Other debtors1,1046,212
Prepayments56,94755,107
Directors current account-31,207
88,051123,557

Highlake Ltd

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20182017
££
Arrestments173-
VAT76,70770,724
PAYE control3,9845,236
Salaries and wages control3,69823,187
Directors current account460-
Trade creditors108,260116,519
Other creditors2,459-
Pension schemes880-
Accruals37,51537,591
234,136253,257
6. EMPLOYEES
20182017
No.No.
Average number of employees3037
7. SHARE CAPITAL 20182017
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
8. GOING CONCERN
It is considered that with the continued support of the directors, the business is a going concern.