Hanbury Hill Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06848567 (England and Wales)

HANBURY HILL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N N L Butcher

Mrs M I E Butcher

REGISTERED OFFICE:

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

BUSINESS ADDRESS:

Moneys Farm

Bottle Lane

Mattingley

Hampshire

RG27 8LJ

REGISTERED NUMBER:

06848567 (England and Wales)

FIXED ASSETS

Tangible assets

4

85,893

111,403

Investment property

5

11,540,562

12,392,584

11,626,455

12,503,987

CURRENT ASSETS

Debtors

6

661,485

720,264

Cash at bank

338,269

347,324

999,754

1,067,588

CREDITORS

Amounts falling due within one year

7

(3,695,181

)

(3,282,559

)

NET CURRENT LIABILITIES

(2,695,427

)

(2,214,971

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,931,028

10,289,016

CREDITORS

Amounts falling due after more than one year

8

(4,888,400

)

(5,166,700

)

PROVISIONS FOR LIABILITIES

(319,801

)

(599,708

)

NET ASSETS

3,722,827

4,522,608

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Non distributable reserve

1,355,764

2,556,648

Retained earnings

2,366,063

1,964,960

SHAREHOLDERS' FUNDS

3,722,827

4,522,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

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 September 2019 and were signed on its behalf by:

N N L Butcher - Director

1.	STATUTORY INFORMATION

Hanbury Hill 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 FRS 102 "The Financial Reporting Standards

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 £1.

The financial statements have been prepared under the historical cost convention, modified to include certain

financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Fixtures and fittings

-

25% Reducing balance

Motor vehicles

-

25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the

carrying value of the asset and is recognised in the income statement.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair

value is recognised in profit or loss.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial assets

The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other

Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to

the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables 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 financial transaction, where the transaction is measured at the present

value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and

subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt

instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue

costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion

of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2018

10,119

114,130

124,249

Additions

2,954

-

2,954

At 31 March 2019

13,073

114,130

127,203

DEPRECIATION

At 1 April 2018

3,335

9,511

12,846

Charge for year

2,309

26,155

28,464

At 31 March 2019

5,644

35,666

41,310

NET BOOK VALUE

At 31 March 2019

7,429

78,464

85,893

At 31 March 2018

6,784

104,619

111,403

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

12,392,584

Additions

628,769

Revaluations

(1,480,791

)

At 31 March 2019

11,540,562

NET BOOK VALUE

At 31 March 2019

11,540,562

At 31 March 2018

12,392,584

Fair value at 31 March 2019 is represented by:

£

Valuation in 2017

2,971,356

Valuation in 2018

185,000

Valuation in 2019

(1,480,791

)

Cost

9,864,997

11,540,562

Investment property was valued by the Director on an open market basis at the balance sheet date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

1,783

Other debtors

661,485

718,481

661,485

720,264

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

278,300

278,300

Trade creditors

11,102

2,255

Taxation and social security

170,409

155,353

Other creditors

3,235,370

2,846,651

3,695,181

3,282,559

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

4,888,400

5,166,700

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

3,775,200

4,053,500

3,775,200

4,053,500

9.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

5,166,700

5,445,000

Loans are secured by fixed charges over properties owned by the company.