Herschell Propco Ltd
Herschell Propco Ltd
Registered number: 10033693
Unaudited Financial Statements
For The Year Ended 31 March 2019
APH Accountancy Services Ltd
Chartered Certified Accountants
Office 2 The Reach
687-693 London Road
Westcliff-on-Sea
Essex
SS0 9PD
Herschell Propco Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountant's Report | 1 |
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—5 |
Herschell Propco Ltd
Accountant's Report
For The Year Ended 31 March 2019
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Herschell Propco Ltd For The Year Ended 31 March 2019
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Herschell Propco Ltd which comprise the Profit and Loss Account, the 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 of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Herschell Propco Ltd , as a body, in accordance with the terms of our engagement letter dated 11 March 2016. Our work has been undertaken solely to prepare for your approval the accounts of Herschell Propco Ltd and state those matters that we have agreed to state to the directors of Herschell Propco Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Herschell Propco Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Herschell Propco Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Herschell Propco Ltd . You consider that Herschell Propco Ltd 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 accounts of Herschell Propco Ltd . 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 financial statements.
|
|
Chartered Certified Accountants
Office 2 The Reach
687-693 London Road
Westcliff-on-Sea
Essex
SS0 9PD
Page 1
Herschell Propco Ltd
Balance Sheet
As at
31 March 2019
Balance Sheet
Registered number:
10033693
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2019 | 2018 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 6 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
|||
| NET ASSETS |
( |
( |
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
|
|
||
| Profit and Loss Account |
( |
( |
|||
| SHAREHOLDERS' FUNDS | (15,422) | (9,970) | |||
Page 2
Herschell Propco Ltd
Balance Sheet (continued)
As at
31 March 2019
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
|
|
|
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Herschell Propco Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of annual rental income charged by the company.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
|
4.
Tangible Assets
| Land & Property | |
|---|---|
| Freehold | |
| £ | |
| Cost | |
| As at |
|
| As at |
|
| Depreciation | |
| As at |
|
| Provided during the period |
|
| As at |
|
| Net Book Value | |
| As at |
|
| As at |
|
5.
Debtors
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
Page 4
Herschell Propco Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2019
6.
Creditors: Amounts Falling Due Within One Year
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Loan From HCL |
|
|
|
| Accruals and deferred income |
|
|
|
| Directors' loan accounts |
|
|
|
|
|
|
||
8.
General Information
Herschell Propco Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10033693 . The registered office is 16 Herschell Road, Leigh on Sea, Essex, SS9 2NH.
Page 5