Company Registration No. SC225548 (Scotland)
HK MORTGAGES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
HK MORTGAGES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HK MORTGAGES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
753
243
Current assets
Debtors
2,891
358
Cash at bank and in hand
6,648
15,354
9,539
15,712
Creditors: amounts falling due within one year
(10,048)
(14,529)
Net current liabilities/(assets)
(509)
1,183
Total assets less current liabilities
244
1,426
Provisions for liabilities
(151)
(60)
93
1,366
Capital and reserves
Called up share capital
3
10
10
Profit and loss account
83
1,356
Shareholders' funds
93
1,366
For the financial year ended 30 November 2016 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 June 2017
Julie Claire Kelly
Director
Company Registration No. SC225548
HK MORTGAGES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 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 January 2015).
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 2015
400
Additions
699
At 30 November 2016
1,099
Depreciation
At 1 December 2015
157
Charge for the year
189
At 30 November 2016
346
Net book value
At 30 November 2016
753
At 30 November 2015
243
HK MORTGAGES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10 Ordinary of £1 each
10
10