Hallswelle Management & Administration Services Limited Filleted accounts for Companies House (small and micro)

Hallswelle Management & Administration Services Limited Filleted accounts for Companies House (small and micro)

HALLSWELLE MANAGEMENT & ADMINISTRATION SERVICES LIMITED - Company Information

Print Friendly Version

false false false false false false false false false true false false false false false false false No description of principal activity 2017-03-01 Sage Accounts Production Advanced 2018 Update 1 - FRS xbrli:pure xbrli:shares iso4217:GBP 09999054 2017-03-01 2018-02-28 09999054 2018-02-28 09999054 2016-02-11 2017-02-28 09999054 2017-02-28 09999054 bus:Director1 2017-03-01 2018-02-28 09999054 core:WithinOneYear 2018-02-28 09999054 core:WithinOneYear 2017-02-28 09999054 core:AfterOneYear 2018-02-28 09999054 core:AfterOneYear 2017-02-28 09999054 core:ShareCapital 2018-02-28 09999054 core:ShareCapital 2017-02-28 09999054 core:RetainedEarningsAccumulatedLosses 2018-02-28 09999054 core:RetainedEarningsAccumulatedLosses 2017-02-28 09999054 bus:SmallEntities 2017-03-01 2018-02-28 09999054 bus:AuditExempt-NoAccountantsReport 2017-03-01 2018-02-28 09999054 bus:FullAccounts 2017-03-01 2018-02-28 09999054 bus:SmallCompaniesRegimeForAccounts 2017-03-01 2018-02-28 09999054 bus:PrivateLimitedCompanyLtd 2017-03-01 2018-02-28
COMPANY REGISTRATION NUMBER: 09999054
Hallswelle Management & Administration Services Limited
Filleted Unaudited Financial Statements
28 February 2018
Hallswelle Management & Administration Services Limited
Statement of Financial Position
28 February 2018
2018
2017
Note
£
£
Current assets
Debtors
5
11,666
16,568
Cash at bank and in hand
20,348
4,834
--------
--------
32,014
21,402
Creditors: amounts falling due within one year
6
29,374
18,385
--------
--------
Net current assets
2,640
3,017
-------
-------
Total assets less current liabilities
2,640
3,017
Creditors: amounts falling due after more than one year
7
120
960
-------
-------
Net assets
2,520
2,057
-------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
2,519
2,056
-------
-------
Shareholders funds
2,520
2,057
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 28 February 2018 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 .
Hallswelle Management & Administration Services Limited
Statement of Financial Position (continued)
28 February 2018
These financial statements were approved by the board of directors and authorised for issue on 26 March 2019 , and are signed on behalf of the board by:
Miss J Harooni
Director
Company registration number: 09999054
Hallswelle Management & Administration Services Limited
Notes to the Financial Statements
Year ended 28 February 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).
5. Debtors
2018
2017
£
£
Trade debtors
10,551
12,293
Other debtors
1,115
4,275
--------
--------
11,666
16,568
--------
--------
6. Creditors: amounts falling due within one year
2018
2017
£
£
Corporation tax
712
514
Other creditors
28,662
17,871
--------
--------
29,374
18,385
--------
--------
7. Creditors: amounts falling due after more than one year
2018
2017
£
£
Social security and other taxes
120
960
----
----