REGISTERED NUMBER: 05940915 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Highbank Commercial & Residential

Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr M A Wainwright

Mrs I M Wainwright

Mr P G O'Donnell

SECRETARY:

Mrs E Jack

REGISTERED OFFICE:

1 College Court

College Road

Gildersome

Leeds

West Yorkshire

LS27 7WF

REGISTERED NUMBER:

05940915 (England and Wales)

ACCOUNTANTS:

Sochall Smith Limited

Chartered Accountants

3 Park Square

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

2

11,139

-

CURRENT ASSETS

Debtors

1,438,459

2,650,739

Cash at bank

14

75,026

1,438,473

2,725,765

CREDITORS

Amounts falling due within one year

1,058,964

2,152,014

NET CURRENT ASSETS

379,509

573,751

TOTAL ASSETS LESS CURRENT LIABILITIES

390,648

573,751

CAPITAL AND RESERVES

Called up share capital

3

803

803

Capital redemption reserve

147

147

Profit and loss account

389,698

572,801

SHAREHOLDERS' FUNDS

390,648

573,751

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 21 December 2016 and were signed on its behalf by:

Mrs I M Wainwright - 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).

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Turnover and revenue recognition

Turnover represents revenue recognised in the accounts. Revenue comprises the fair value of the consideration

received or receivable, net of value added tax.

Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the

stage of completion of the contract activity at the balance sheet date. This is measured by surveys of work

performed to date. Where the outcome of a construction contract cannot be estimated reliably, contract revenue

is recognised to the extent of contract costs incurred that it is probable will be recoverable. Contract costs are

recognised as expenses in the period in which they are incurred. When it is probable that total contract costs

will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Work in progress is stated at cost plus profit recognised to date less provision for foreseeable losses and less

progress billings. Work in progress is classified as Amounts recoverable on contracts within the balance sheet.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

14,450

At 31 March 2016

14,450

DEPRECIATION

Charge for year

3,311

At 31 March 2016

3,311

NET BOOK VALUE

At 31 March 2016

11,139

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

803

Ordinary

£1

803

803