Hems Orchard Limited - Filleted accounts

Hems Orchard Limited - Filleted accounts

HEMS ORCHARD LIMITED - Company Information

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Registered number
10756499
Hems Orchard Limited
Filleted Accounts
31 December 2018
Hems Orchard Limited
Registered number: 10756499
Balance Sheet
as at 31 December 2018
Notes 2018 2017
£ £
Fixed assets
Investments 2 500 500
Current assets
Debtors 3 25,000 -
Cash at bank and in hand 163,221 33,357
188,221 33,357
Creditors: amounts falling due within one year 4 (1,837) (305)
Net current assets 186,384 33,052
Net assets 186,884 33,552
Capital and reserves
Called up share capital 500 500
Profit and loss account 186,384 33,052
Shareholders' funds 186,884 33,552
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Simon Quaintance
Director
Approved by the board on 18 March 2019
Hems Orchard Limited
Notes to the Accounts
for the year ended 31 December 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2018 500
At 31 December 2018 500
3 Debtors 2018 2017
£ £
Other debtors 25,000 -
4 Creditors: amounts falling due within one year 2018 2017
£ £
Trade creditors 200 255
Taxation and social security costs 1,587 -
Other creditors 50 50
1,837 305
5 Other information
Hems Orchard Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Radfords Orchard
Broadhempston
Totnes
Devon
TQ9 6BD
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