Company Registration No. 03759308 (England and Wales)
THE HIGHLAND CLUB LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
THE HIGHLAND CLUB LIMITED
COMPANY INFORMATION
Directors
Santon Management Limited
Santon Close Nominees Limited
R. Patel
Secretary
R. Patel
Company number
03759308
Registered office
Santon House
53/55 Uxbridge Road
Ealing
London
W5 5SA
Accountants
Gerald Edelman LLP
73 Cornhill
London
EC3V 3QQ
THE HIGHLAND CLUB LIMITED
CONTENTS
Page
Directors' report
1
Accountant's report
2
Statement of financial position
3
Notes to the financial statements
4 - 5
THE HIGHLAND CLUB LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2021
- 1 -
The directors present their report and financial statements for the year ended 31 March 2021. The company is dormant and has not traded during the
period
.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Santon Management Limited
Santon Close Nominees Limited
R. Patel
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
B. Sandhu
Director of Santon Management Limited
23 September 2021
THE HIGHLAND CLUB LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE HIGHLAND CLUB LIMITED FOR THE YEAR ENDED 31 MARCH 2021
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Highland Club Limited for the year ended 31 March 2021 set out on pages 3 to 5 from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of The Highland Club Limited, as a body, in accordance with the terms of our engagement letter
.
Our work has been undertaken solely to prepare for your approval the financial statements of The Highland Club Limited
and state those matters that we have agreed to state to the Board of Directors of The Highland Club Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Highland Club Limited and its Board of Directors as a body, for
our work or for this report.
We have not been instructed to carry out an audit or a review of the financial statements of The Highland Club Limited. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Gerald Edelman LLP
23 September 2021
Accountants
73 Cornhill
London
EC3V 3QQ
THE HIGHLAND CLUB LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2021
31 March 2021
- 3 -
2021
2020
Notes
£
£
£
£
Current assets
Debtors
3
4
4
Net current assets
4
4
Capital and reserves
Called up share capital
4
4
4
For the financial year ended 31 March 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 23 September 2021 and are signed on its behalf by:
Santon Management Limited
Director
Company Registration No. 03759308
THE HIGHLAND CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
- 4 -
1
Accounting policies
Company information
The Highland Club Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Santon House, 53/55 Uxbridge Road, Ealing, London, W5 5SA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During
this time,
the company received no income and incurred no expenditure and therefore no
Profit and loss account
is presented
in these financial statements.
1.3
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include
debtors
and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
THE HIGHLAND CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities
Basic financial liabilities, including
creditors
, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.
Trade creditors
are obligations to pay for goods or services that have been acquired
in the ordinary course of business from suppliers. A
m
ounts payable are classified as
current liabilities if payment is due within one year or less. If not, they are presented
as non-current liabilities.
Trade creditors
are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The company had no employees during the year.
3
Debtors
2021
2020
Amounts falling due within one year:
£
£
Amounts due from group undertakings
2
2
Other debtors
2
2
4
4
4
Called up share capital
2021
2020
£
£
Ordinary share capital
Issued and fully paid
4 Ordinary shares of £1 each
4
4