ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

HOCKLEY HEATH MANAGEMENT LIMITED - Company Information

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Caseware UK (AP4) 2018.0.111 2018.0.111 2018-12-312018-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2018-01-01 02404163 2018-01-01 2018-12-31 02404163 2017-01-01 2017-12-31 02404163 2018-12-31 02404163 2017-12-31 02404163 c:Director1 2018-01-01 2018-12-31 02404163 d:CurrentFinancialInstruments 2018-12-31 02404163 d:CurrentFinancialInstruments 2017-12-31 02404163 d:CurrentFinancialInstruments d:WithinOneYear 2018-12-31 02404163 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 02404163 d:ShareCapital 2018-12-31 02404163 d:ShareCapital 2017-12-31 02404163 d:OtherMiscellaneousReserve 2018-01-01 2018-12-31 02404163 d:OtherMiscellaneousReserve 2018-12-31 02404163 d:OtherMiscellaneousReserve 2017-12-31 02404163 c:FRS102 2018-01-01 2018-12-31 02404163 c:AuditExempt-NoAccountantsReport 2018-01-01 2018-12-31 02404163 c:FullAccounts 2018-01-01 2018-12-31 02404163 c:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31 02404163 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2018-01-01 2018-12-31 02404163 2 2018-01-01 2018-12-31 iso4217:GBP xbrli:pure

Registered number: 02404163









HOCKLEY HEATH MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2018
 
HOCKLEY HEATH MANAGEMENT LIMITED
REGISTERED NUMBER: 02404163

BALANCE SHEET
AS AT 31 DECEMBER 2018

2018
2017
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
4,958
6,657

Cash at bank and in hand
  
48,044
49,754

  
53,002
56,411

Creditors: amounts falling due within one year
 5 
(10,599)
(12,599)

Net current assets
  
 
 
42,403
 
 
43,812

Total assets less current liabilities
  
42,403
43,812

  

Net assets
  
42,403
43,812


Capital and reserves
  

Called up share capital 
  
19
19

Other reserves
 6 
42,384
43,793

  
42,403
43,812


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




L G Balla
Director

Date: 27 September 2019

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
HOCKLEY HEATH MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

1.


General information

Hockley Heath Management Limited is a limited liability company incorporated and domiciled in England. The registered office is shown on the Company Information page.
The financial statements are prepared in Sterling (£) which is the functional currency of the company. The financial statements are for the year ended 31 December 2018 (2017: year ended 31 December 2017).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Service charge receivable

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Interest income

Interest income is recognised in the Profit and Loss Account using the effective interest method.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2017 -1).

Page 2
 
HOCKLEY HEATH MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

4.


Debtors

2018
2017
£
£


Other debtors
4,734
6,432

Prepayments and accrued income
224
225

4,958
6,657



5.


Creditors: Amounts falling due within one year

2018
2017
£
£

Trade creditors
2,152
2,476

Other creditors
6,407
7,990

Accruals and deferred income
2,040
2,133

10,599
12,599



6.


General reserve fund

Other reserves

The general reserve fund has been established to meet the cost of a large, non-regular repair and maintenance work. The present level of the fund may prove insufficient, given the uncertainty as to when further such costs may rise.
Any shortfall in these funds resulting from the expenditure incurred will be charged to the Income and Expenditure account in the year.

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