Registration number:
Highland Properties Limited
for the Year Ended 30 April 2024
Highland Properties Limited
Contents
Company Information |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Highland Properties Limited
Company Information
Directors |
S Meldrum G Watt C Watt |
Company secretary |
C Watt |
Registered office |
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Accountants |
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Highland Properties Limited
(Registration number: 02041229)
Balance Sheet as at 30 April 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
2 |
2 |
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Other reserves |
279,631 |
279,631 |
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Retained earnings |
338,341 |
302,977 |
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Shareholders' funds |
617,974 |
582,610 |
For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Highland Properties Limited
(Registration number: 02041229)
Balance Sheet as at 30 April 2024
Approved and authorised by the
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Highland Properties Limited
Statement of Changes in Equity for the Year Ended 30 April 2024
Share capital |
Other reserves |
Retained earnings |
Total |
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At 1 May 2023 |
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Profit for the year |
- |
- |
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Dividends |
- |
- |
( |
( |
At 30 April 2024 |
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Share capital |
Other reserves |
Retained earnings |
Total |
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At 1 May 2022 |
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Profit for the year |
- |
- |
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Dividends |
- |
- |
( |
( |
New share capital subscribed |
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- |
- |
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Other share capital movements |
(2) |
- |
- |
(2) |
At 30 April 2023 |
2 |
279,631 |
302,977 |
582,610 |
Highland Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Highland Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
15% on reducing balance |
Fixtures and fittings |
15% on reducing balance |
Investment property
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible assets |
Fixtures and fittings |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 May 2023 |
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Additions |
- |
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At 30 April 2024 |
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Depreciation |
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At 1 May 2023 |
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Charge for the year |
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At 30 April 2024 |
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Carrying amount |
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At 30 April 2024 |
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At 30 April 2023 |
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Highland Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
Investment properties |
2024 |
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At 1 May |
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Fair value adjustments |
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At 30 April |
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Investment property is shown at the most recent valuation.
debtors |
2024 |
2023 |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Accruals and deferred income |
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Other creditors |
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Dividends |
Interim dividends paid
2024 |
2023 |
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Interim dividend of Nil (2023 - 10,250.00) per each Ordinary shares |
- |
20,500 |
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Interim dividend of 6,600.00 (2023 - 63,500.00) per each Ordinary A shares |
6,600 |
63,500 |
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Interim dividend of 6,600.00 (2023 - 60,000.00) per each Ordinary B shares |
6,600 |
60,000 |
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