Hobsons Patisseries Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07237639 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST MAY 2017 TO 31ST OCTOBER 2018

FOR

HOBSONS PATISSERIES LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

B K Maund

REGISTERED OFFICE:

Fareham House

69 High Street

Fareham

Hampshire

PO16 7BB

REGISTERED NUMBER:

07237639 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

Fareham House

69 High Street

Fareham

Hampshire

PO16 7BB

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and

the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Hobsons Patisseries Limited for the period ended 31st October 2018 which comprise the

Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hobsons Patisseries Limited in accordance with the terms of our engagement letter dated 16th October 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Hobsons Patisseries Limited and state those matters that we have agreed to state to the director of Hobsons Patisseries Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hobsons Patisseries Limited and its director for our work or for this report.

It is your duty to ensure that Hobsons Patisseries Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hobsons Patisseries Limited. You consider that Hobsons Patisseries Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Hobsons Patisseries 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.

Rothman Pantall LLP

Chartered Accountants

Fareham House

69 High Street

Fareham

Hampshire

PO16 7BB

26th April 2019

FIXED ASSETS

Tangible assets

4

76,109

89,407

CURRENT ASSETS

Stocks

34,834

34,434

Debtors

23,045

41,413

Cash at bank and in hand

45,466

19,474

103,345

95,321

CREDITORS

Amounts falling due within one year

213,715

173,097

NET CURRENT LIABILITIES

(110,370

)

(77,776

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(34,261

)

11,631

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(34,262

)

11,630

SHAREHOLDERS' FUNDS

(34,261

)

11,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st October 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31st October 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 17th April 2019 and were signed by:

B K Maund - Director

1.	STATUTORY INFORMATION

Hobsons Patisseries Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Freehold land not depreciated

Improvements to property

-

2% - 20% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 20 (2017 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2017

166,269

Additions

4,327

At 31st October 2018

170,596

DEPRECIATION

At 1st May 2017

76,862

Charge for period

17,625

At 31st October 2018

94,487

NET BOOK VALUE

At 31st October 2018

76,109

At 30th April 2017

89,407

5.	OTHER FINANCIAL COMMITMENTS

Total amount of commitments, guarantees and contingencies is £474,600 (2017: £ 576,300).

6.	BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared on a going concern basis which assumes that the company will

continue in operational existence for the foreseeable future.

The validity of this assumption depends upon the financial support of the director should the need arise. If the

company were unable to continue in operational existence for the foreseeable future, adjustments would have to

be made to reduce the balance sheet values of assets to their recoverable amounts, to provide for further

liabilities which might arise and reclassify fixed assets and long term liabilities as current assets and liabilities.

The director believe that it is appropriate for the financial statements to be prepared on a going concern basis.