Humphreys Design & Build Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04593763 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2018

for

Humphreys Design & Build Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mrs K J Humphreys

Mr P Humphreys

SECRETARY:

Ms C Fleetwood

REGISTERED OFFICE:

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

REGISTERED NUMBER:

04593763 (England and Wales)

ACCOUNTANTS:

Kenneth Morris Limited

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

430,000

430,000

430,000

430,000

CURRENT ASSETS

Debtors

722

489

Cash at bank

6,887

2,288

7,609

2,777

CREDITORS

Amounts falling due within one year

97,735

104,454

NET CURRENT LIABILITIES

(90,126

)

(101,677

)

TOTAL ASSETS LESS CURRENT LIABILITIES

339,874

328,323

CREDITORS

Amounts falling due after more than one year

(124,646

)

(137,247

)

PROVISIONS FOR LIABILITIES

(4,573

)

(4,266

)

NET ASSETS

210,655

186,810

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

25,433

25,433

Retained earnings

185,122

161,277

SHAREHOLDERS' FUNDS

210,655

186,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement and an abridged Balance Sheet for the year ended 30 November 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 4 April 2019 and were signed on its behalf by:

Mr P Humphreys - Director

1.	STATUTORY INFORMATION

Humphreys Design & Build 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income and insurance recharges, net of vat.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Investment property

In accordance with Financial Reporting Standard 102 Section 1a, investment property is included at fair value

and gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate

expected to apply when the property is sold. No depreciation is provided, which is a departure from the

Companies Act 2006, but is required to provide a true and fair view.

Taxation

Taxation for the year 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 year 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 payable under operating leases are charged to the profit and loss account on a straight-line basis over the

period of the lease. Where no lease is in place, the rentals are charges to the profit and loss account as and when

paid.

Rental income

Rental income arising from investment properties is accounted for on a straight line basis over the lease term.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2017

and 30 November 2018

2,385

DEPRECIATION

At 1 December 2017

and 30 November 2018

2,385

NET BOOK VALUE

At 30 November 2018

-

At 30 November 2017

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2017

and 30 November 2018

430,000

NET BOOK VALUE

At 30 November 2018

430,000

At 30 November 2017

430,000

Fair value at 30 November 2018 is represented by:

£

Valuation in 2004

31,399

Cost

398,601

430,000

If investment property had not been revalued it would have been included at the following historical cost:

2018

2017

£

£

Cost

398,601

398,601

Investment property was valued on an open market basis on 30 November 2015 by the directors. .

6.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

145,981

154,847

NatWest Bank Plc holds a first legal charge over the Haysfield, Malvern, Worcestershire and its associated

assets and a floating charge over all other property and undertakings of the company.

7.

RESERVES

Fair

value

reserve

£

At 1 December 2017

and 30 November 2018

25,433

8.	CONTINGENT LIABILITIES

There were no known material contingent liabilities at the year end.

9.	POST BALANCE SHEET EVENTS

There were no known material post balance sheet events.

The following reproduces the text of the report prepared for the directors 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 Abridged Income Statement and certain other primary

statements and the Report of the Directors 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 Humphreys Design & Build Limited for the year ended 30 November 2018 which comprise the

Abridged Income Statement, 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 Board of Directors of Humphreys Design & Build Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Humphreys Design & Build Limited and state those matters that we have agreed to state to the Board of Directors of Humphreys Design & Build Limited, as a body, 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 Humphreys Design & Build Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Humphreys Design & Build 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 profit of Humphreys Design & Build Limited. You consider that Humphreys Design & Build Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Humphreys Design & Build 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.

Kenneth Morris Limited

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

4 April 2019