Hillhouse Rural Enterprises Limited
Hillhouse Rural Enterprises Limited
Registered number: 07375354
Unaudited Financial Statements
For The Year Ended 31 December 2018
TaxAssist Accountants Dorking
298 High Street
Dorking
RH4 1QX
Hillhouse Rural Enterprises Limited
Unaudited Financial Statements
For The Year Ended 31 December 2018
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
Hillhouse Rural Enterprises Limited
Balance Sheet
As at
31 December 2018
Balance Sheet
Registered number:
07375354
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2018 | 2017 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Stocks | 4 |
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Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 8 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (292,399) | (109,137) | |||
Page 1
Hillhouse Rural Enterprises Limited
Balance Sheet (continued)
As at
31 December 2018
Directors' responsibilities:
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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
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Hillhouse Rural Enterprises Limited
Notes to the Financial Statements
For The Year Ended 31 December 2018
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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Computer Equipment |
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1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:5
Page 3
Hillhouse Rural Enterprises Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
3.
Tangible Assets
Land & Property | ||||
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Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | |
£ | £ | £ | £ | |
Cost | ||||
As at |
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Additions |
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As at |
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Depreciation | ||||
As at |
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Provided during the period |
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As at |
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Net Book Value | ||||
As at |
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As at |
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Computer Equipment | Total | |
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£ | £ | |
Cost | ||
As at |
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Additions |
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As at |
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Depreciation | ||
As at |
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Provided during the period |
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As at |
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Net Book Value | ||
As at |
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As at |
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4.
Stocks
2018 | 2017 | ||
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£ | £ | ||
Stock - finished goods |
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Page 4
Hillhouse Rural Enterprises Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
5.
Debtors
2018 | 2017 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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VAT |
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Due after more than one year | |||
Other debtors |
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6.
Creditors: Amounts Falling Due Within One Year
2018 | 2017 | ||
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£ | £ | ||
Trade creditors |
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Accruals and deferred income |
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Directors' loan accounts |
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7.
Creditors: Amounts Falling Due After More Than One Year
2018 | 2017 | ||
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£ | £ | ||
Amounts owed to group undertakings |
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9.
General Information
Hillhouse Rural Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07375354 . The registered office is Hillhouse Farm, Misbrooks Green road, Beare Green, Dorking, Surrey, RH5 4QQ.
Page 5