HCMT_SERVICES_LIMITED_(FO - Accounts
HCMT_SERVICES_LIMITED_(FO - Accounts
HCMT Services Limited (formerly DTC Securities Limited) is a private company limited by shares incorporated in England and Wales. The registered office is Suite S04, The Atkins Building, Lower Bond Street, Hinckley, Leicestershire, LE10 1QU.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has net liabilities of £190,017 as at 31 March 2018. The parent company has confirmed that he will continue to support the company for the foreseeable future. Based on this support, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of this support.
During the period, the director amended the company's year end to 31 March 2018. The current year figures therefore represent the period from 1 January 2017 to 31 March 2018.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
The average monthly number of persons (including directors) employed by the company during the Period was 1 (2016 - 1).
The immediate parent company is Property Income & Reversion Company Limited. The address of the registered office is c/o Albecq Services Limited, Suite 6, Provident House, Havilland Street, St Peter Port, Guernsey. Channel Islands. GY1 2QE
The ultimate parent company is Aumm Investment Management Limited, a company registered in Malta.