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REGISTERED NUMBER: SC127767 (Scotland)















Financial Statements for the Year Ended 30 November 2023

for

Highlanders Holding Limited

Highlanders Holding Limited (Registered number: SC127767)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Highlanders Holding Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: C J Hoogstede
Mrs N H Hoogstede





SECRETARY: Mrs N H Hoogstede





REGISTERED OFFICE: Wester Coshieville Farm
Grandtully
Aberfeldy
Perthshire
PH15 2QS





REGISTERED NUMBER: SC127767 (Scotland)






Highlanders Holding Limited (Registered number: SC127767)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 395,269 366,193

CURRENT ASSETS
Debtors 5 342 -
Cash at bank 882 1
1,224 1
CREDITORS
Amounts falling due within one year 6 555,828 492,039
NET CURRENT LIABILITIES (554,604 ) (492,038 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(159,335

)

(125,845

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (159,337 ) (125,847 )
SHAREHOLDERS' FUNDS (159,335 ) (125,845 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 12 March 2024 and were signed on its behalf by:





C J Hoogstede - Director


Highlanders Holding Limited (Registered number: SC127767)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Highlanders Holding Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life and is chargeable from the date the asset is brought into use
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Highlanders Holding Limited (Registered number: SC127767)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 332,059 2,647 35,738
Additions 35,439 - -
At 30 November 2023 367,498 2,647 35,738
DEPRECIATION
At 1 December 2022 - 1,590 17,084
Charge for year - 158 2,798
At 30 November 2023 - 1,748 19,882
NET BOOK VALUE
At 30 November 2023 367,498 899 15,856
At 30 November 2022 332,059 1,057 18,654

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 76,799 2,562 449,805
Additions - 266 35,705
At 30 November 2023 76,799 2,828 485,510
DEPRECIATION
At 1 December 2022 62,376 2,562 83,612
Charge for year 3,606 67 6,629
At 30 November 2023 65,982 2,629 90,241
NET BOOK VALUE
At 30 November 2023 10,817 199 395,269
At 30 November 2022 14,423 - 366,193

The estate from which the company operates is owned by the directors. The company's ownership extends only to the value of the tenant improvements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 342 -

Highlanders Holding Limited (Registered number: SC127767)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 59
Other creditors 555,828 491,980
555,828 492,039

7. CONTINGENT LIABILITIES

There were no contingent liabilities as at the balance sheet date.


8. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr and Mrs Hoogstede throughout the year under review. Mr and Mrs Hoogstede are the directors of the company.

9. GOING CONCERN

At 30 November 2023 the company's current liabilities exceeded its current assets by £554,604. In addition the total assets of the company were in deficit by £159,335 at 30 November 2023. As a result the company is dependent on the continued support of the directors. The directors consider it reasonable to rely on the continuation of such support and are not aware of any reason why this support should be withdrawn.