Company Registration No. SC225548 (Scotland)
HK MORTGAGES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
HK MORTGAGES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
HK MORTGAGES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2015
30 November 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
243
375
Current assets
Debtors
358
2,998
Cash at bank and in hand
15,354
8,836
15,712
11,834
Creditors: amounts falling due within one year
(14,529)
(11,995)
Net current assets/(liabilities)
1,183
(161)
Total assets less current liabilities
1,426
214
Provisions for liabilities
(60)
(75)
1,366
139
Capital and reserves
Called up share capital
3
10
10
Profit and loss account
1,356
129
Shareholders' funds
1,366
139
For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 August 2016
Julie Claire Kelly
Director
Company Registration No. SC225548
HK MORTGAGES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
20% in reducing balance
1.5
Pensions
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.
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2014 & at 30 November 2015
400
Depreciation
At 1 December 2014
25
Charge for the year
132
At 30 November 2015
157
Net book value
At 30 November 2015
243
At 30 November 2014
375
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
10 Ordinary of £1 each
10
10